Member Info for Slownsteady

My original 8% 'drag' figure was based on a quickly punched in calculator, and not double checking it for reasonableness before posting.

Thank you for that smorty, my concern was the commission at purchase and sale which (at £10) works out to 4% of the transaction. Add to this all the other costs, and there is certainly a drag. Bear in mind the likes of Jack Bogle have talked about lowering our overall expectations to 4% p.a. for our Investment portfolios.
I had not intended to be patronising about the amount, and am not sure how share clubs work (do they attract a lower commission like dividend re-investments?).. I would say though with anything under £1000 - £1500, an etf works better as these do not attract stamp duty.
By the way, I would - and have - made the same 'insensitive' comments about the allegedly much larger amounts being plunged headlong into a single stock. Especially a higher risk one like SAGA.
So I was certainly not sneering at £500 quid for its own sake.
I must google "Dissociative identity disorder"!..... :-)

No smorty, just stating the obvious. With the bid/offer spread, commission, and stamp duty, there's a hill to climb before you even break even.

Or perhaps you disagree? In which case do let me know why, rather than calling me patronising.

Why would you ask your wife to invest only £500?? Stamp duty and dealing charges would require an 8% uplift just to break even.

Now now smorty... And I thought I was the only one who thought I was "O God, your Lord, King of the Universe"... I'd have settled for "O Pharaoh".

808.. the best advice is provided by Warren Buffett. And Jack Bogle. Switch off your screen and stop looking!

Time to get rid of lockdown. You're starting to hallucinate smorty. Time to find some real - rather than imaginary - friends!

M'aire.. just hope you haven't got all your eggs in this basket. It sounds to me like you have....
I'm keeping mine the same, the ghost of HMV still haunts me.
I bought Barclays at just over a quid and ITV at 65p ish... there are other ways to skin the cat. Don't get too fixated on SAGA.

Oh dear.

Rupert Hargreaves is the pick of the Fools, always worth paying attention to.

thomson, give me a blonde Swede any day over a blue Finnish...

This is very interesting.

https://www.bloomberg.com/news/articles/2021-03-17/value-stocks-a-week-away-from-holy-grail-momentum-boost

I'm a big fan of this immensely data rich and simple to understand site, having tried out their free 2 week free trial a couple of years ago. They are fans of Momentum Investing especially with Value). Here is their take on SAGA.
https://www.stockopedia.com/articles/momentum-investing-with-saga-lonsaga-199749/

Thanks for the compliment jed, :-) Collecting me State Pension, Oi am....

Ok Joe, there's also a "use it or lose it" CGT Allowance outside the ISA.
Don't know if you have already used it up.

Joe, my sugestion, for what it is worth - don't try to be too clever. Your strategy was to transfer into the ISA. Without following your posts, I assume the price has moved in your favour by a few per cent. That'll cover your stamp duty.
Your call, but why be greedy? It's a toss of the coin where the sp will be tomorrow, the day after, whatever. It's not exactly like £40k is such a big amount.

It is other people's money, you see. Would they have done the same with their own?

https://www.dailymail.co.uk/money/investing/article-9360551/Heres-build-ISA-tax-haven.html

Welcome to our cosy Club, Charlie. ATB DYOR IMHO GLA...

Well done Joe. ISAs are our own little Onshore Tax havens.
I started many moons ago with the old PEPs (including single company PEPs. Never understood why they had these) which were rationalised before being turned into ISAs. The d.y.s-functional Broon came along and fiddled about with them, tried to have a Cash ISA, Stocks and Shares ISA and Insurance ISA (remember those? a complete flop) with limits for each.
So the bulk of our Investments are sheltered in ISAs. No limits on size or tax-free withdrawals (which apply to SIPPS - I do understand the IHT benefits of the latter).
See this as a multi -year campaign to get your Investments sheltered.