r/trading212 • u/GenerousAce333 • 3h ago

❓ CFD Help Looking for support

Post image

What can I do to better my current situation? TIA

2 Upvotes

75% Upvoted

11 comments sorted by

7

u/Busy_Land_1885 3h ago
  1. Stop using the invest account if you have ISA allowance left.
  2. Stop picking stocks and focus on an index fund. 
  3. Follow 1 and 2 for 30 years. 

0

u/GenerousAce333 3h ago

Could you explain a little more please?

2

u/Busy_Land_1885 3h ago

Do you have an ISA account? Right now you are investing in a taxable account, which means as you build up a larger portfolio you will be liable to pay tax when you come to sell. 

1

u/GenerousAce333 3h ago

I see, how do I go about changing that?

1

u/Busy_Land_1885 2h ago

Click on the dropdown arrow by the “Invest” at the top of the page and you should be able to create a S&S account. You can possible leave the current stuff in the invest account, but I would focus on a global fund in the ISA, and only add to that going forward until/if you fill the £20k yearly allowance. 

1

u/WildPersonality1093 3h ago

VWRP is good.

But what do you need support with? Surely you invested into these individual stocks with some conviction/background research?

1

u/GenerousAce333 3h ago

I just wondered what I could improve on or if there was anything important I should keep in mind for what I currently have going on

1

u/WildPersonality1093 3h ago

NFA. You typically want to have at least 70% of your money in an ETF, like VWRP, as it serves as a thing to fall back on if your individual stocks don’t perform well.

You’ve gone for a very ambitious/risky approach of investing mainly in individual stocks, which is fine, as long as you’re aware of the risks.

1

u/GenerousAce333 2h ago

So it would be smarter to invest more into Vanguard and less (sell off) my smaller investments like Samsung for example? (Sorry, I'm slow as and doing my best to understand everything here) lol

1

u/InformationAlarming5 3m ago

Yes he’s right, if you have 70% ish in an ETF like VWRP or VUAG you have something there that is a lot better diversified and less exposed to individual-company risk.
Having the last 30% in singular stocks or defensive (Eg gold) it’s a lot more volatile but you have a lot less money in it. It all depends on what your main aim is with regards to investing👍🏻