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    • Home • Advice • Common questions

    I am starting my investment journey and looking into opening an ISA account

    22 November 2021

    Question by Veronica

    Hi there,

    I am starting my investment journey and looking into opening an ISAs account. I like ii but I keep reading that it is not a good choice for small portfolios. As far as I understand, there is no fee if you commit to a £25 monthly invest. Why is it a bad choice for a small portfolio then?

    Many thanks

    Answered by Boring Money

    Hi Veronica,

    If there is a no-fee offer, then it feels like they are no detriment for smaller portfolios. Usually smaller portfolios would be subject to a charge that represents a larger percentage of the overall portfolio, for example, £50 annual fee of a £1,000 ISA is bigger than £50 annual fee of a £5,000 ISA.

    Please also look into the conditions of the £25pm (i.e. minimum duration & fees after this time etc). Also, it might be worthwhile reviewing the cost of the funds that you could choose to invest in, in addition to any platform costs.

    Best wishes

    Answered by

    Boring Money

    Here to help you understand your options and make smart money choices.

    Important stuffHolly and the team have worked in the finance industry for many years but we are not regulated to give you personal financial advice. For every story on this website about a good investment, or something which went up by 10% or made someone £200, we could also share a story about a bad investment, something which fell in value or lost someone £200. We aim to provide general information and pointers – and btw we are totally agnostic about which providers you might pick – but if you have complex affairs, want personalised advice or need specific recommendations, please look at advice pages and see if regulated digital or traditional financial advice would be the best solution for your needs. Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.
    Risk warningAs is always the case with investing, your capital is at risk. The value of your portfolio can go down as well as up and you may get back less than you invest. Tax treatment depends on your individual circumstances and may change in the future.
    Boring Money Ltd is a limited company registered in England and Wales under registration number 09459832 and we have our registered office at 10 Lower Thames Street, London, England, EC3R 6AF.