localyokel Posted November 11, 2017 Share Posted November 11, 2017 On 11/8/2017 at 11:58 PM, mad_manx said: Bullionbypost is great . However they have another business called https://www.gold.co.uk where the prices are slightly lower. The websites are similar and they are both part of the same company Jewellery Quarter Bullion Limited (JQB). Is the Isle of man based gold bullion company still trading ??? These guys are pretty good too https://atkinsonsbullion.com/ Link to comment Share on other sites More sharing options...
Annoymouse Posted November 12, 2017 Share Posted November 12, 2017 17 hours ago, localyokel said: These guys are pretty good too https://atkinsonsbullion.com/ I've never followed nor understood investment in bullion, so say I buy a 10g bar, I plan on keeping it for 10 years but need to sell it on within 3 due to reasons beyond my control. To purchase the 10g gold bar today is £351.46, the scrap price is £301.50 so it would need to rise in value by £50 over a few years just for me to break even or is there an alternative to selling bars rather than as scrap gold? Shares wise the loss after 3 years could be similar but there is a damn chance you'd break even. Link to comment Share on other sites More sharing options...
Albert Tatlock Posted November 21, 2018 Share Posted November 21, 2018 Any new sites appeared - of note? Link to comment Share on other sites More sharing options...
Gorsh Posted June 3, 2019 Share Posted June 3, 2019 On 11/21/2018 at 4:19 PM, Albert Tatlock said: Any new sites appeared - of note? Interactive Investor https://www.ii.co.uk/ look good, and they specifically say Channel Islands and Isle of Man residents can open a share and fund account. Seriously thinking of moving my Hargreaves (their small print excludes IOM residents, but no sign of being kicked out yet) business to them. Link to comment Share on other sites More sharing options...
regifter Posted February 22, 2020 Share Posted February 22, 2020 I have a HL account as well and have not had any communication about closing it due to my being IOM resident. The only thing I'd be worried about is if the worst happened and HL folded ,would I be treated any differently because I'm in the IOM. I'm guessing not, as there is no statutory compensation for funds held there, I guess I'd be stuck in the same boat as all other fund holders? Would welcome opinions of those more knowledgeable than me however! Link to comment Share on other sites More sharing options...
bankerboy Posted February 23, 2020 Share Posted February 23, 2020 I still have a HL account, and they haven’t threatened to close it yet. However, I had an email exchange with them in Feb 2018, in which they advised: “Unfortunately due to new legislation that came into effect at the end of 2017, it is now not possible to open a new HL Vantage account or top up an existing HL Vantage account if you are not a resident within the EEA (European Economic Area). If you have opened a HL Vantage account previously before this legislation was in place, the account can remain open and you can managed the investments within. However, no new money would be allowed to be added to the existing HL Vantage account if you live in the Isle of Man.” hope this helps - I suppose following Brexit this legal requirement might eventually change... as for compensation, hopefully client assets are properly ring fenced from the firm’s own funds, but there have been legal challenges to that approach - you could well be right and it always pays to diversify as far as possible. Link to comment Share on other sites More sharing options...
regifter Posted February 29, 2020 Share Posted February 29, 2020 Hi bankerboy, thanks for the response. I still have a direct debit going in every month, so I think I'll keep quiet about that Link to comment Share on other sites More sharing options...
Annoymouse Posted March 1, 2020 Share Posted March 1, 2020 On 11/12/2017 at 1:01 PM, Annoymouse said: Shares wise the loss after 3 years could be similar but there is a damn chance you'd break even. Quite interesting to revisit this thread, a 10g bar is now £432.60 and to resell is £381.83. Had I bought a 10g bar when I posted above some 2 and a bit years ago my 351.46 investment would now be worth £381.83 so as investments go that’s not actually terrible, it works out roughly 4.1% a year return which is certainly more than most saving accounts. Link to comment Share on other sites More sharing options...
Mr Shoe Posted March 18, 2020 Share Posted March 18, 2020 On 6/4/2019 at 12:54 AM, Gorsh said: Interactive Investor https://www.ii.co.uk/ look good, and they specifically say Channel Islands and Isle of Man residents can open a share and fund account. Cheers for that. And you're right, they do say they cover IOM. But a 3 day application process....we'll see. Link to comment Share on other sites More sharing options...
woolley Posted March 19, 2020 Share Posted March 19, 2020 Interactive Investor is a great platform. I know the fellow who persuaded them to allow IoM accounts when they saw how much business he could put their way. Link to comment Share on other sites More sharing options...
Annoymouse Posted April 10, 2020 Share Posted April 10, 2020 On 3/19/2020 at 2:15 PM, woolley said: Interactive Investor is a great platform. I know the fellow who persuaded them to allow IoM accounts when they saw how much business he could put their way. Have I got my calculations right? £9.99 a month is £119.88 a year, one free trade worth £7.99 a month back in credit would be £95.88 so it’s a minimum of £24 a year in fees, but I’d be doing at least 2 trades so more like £39.99 a year. In comparison Halifax sharebuilder is £12.50 per trade so I’d be able to do 3 trades a year in comparison? I still want to do a bit of hobby investing but we’re talking small numbers, probably start with £500, about £100 a month into it, it’s a real shame I can’t get an Isa here through the likes of Vanguard or similar. Link to comment Share on other sites More sharing options...
mad_manx Posted April 12, 2020 Share Posted April 12, 2020 Interactive investor seems very interesting. Can isle of man residents have a SIPP account with them. I can see that they are based in the UKand so was wondering if that could be an issue for a SIPP. Could we still claim tax relief in the IOM for this ? Link to comment Share on other sites More sharing options...
MadAsHell Posted April 12, 2020 Share Posted April 12, 2020 On 4/10/2020 at 9:14 AM, Annoymouse said: Have I got my calculations right? £9.99 a month is £119.88 a year, one free trade worth £7.99 a month back in credit would be £95.88 so it’s a minimum of £24 a year in fees, but I’d be doing at least 2 trades so more like £39.99 a year. In comparison Halifax sharebuilder is £12.50 per trade so I’d be able to do 3 trades a year in comparison? I still want to do a bit of hobby investing but we’re talking small numbers, probably start with £500, about £100 a month into it, it’s a real shame I can’t get an Isa here through the likes of Vanguard or similar. Halifax is £2 per trade, if you set up a regular investment. They have Vanguard funds available. Link to comment Share on other sites More sharing options...
Annoymouse Posted April 12, 2020 Share Posted April 12, 2020 1 hour ago, MadAsHell said: Halifax is £2 per trade, if you set up a regular investment. They have Vanguard funds available. Doesn’t a regular investment full under the ‘ISA’ category and we can’t get/use a UK ISA as an IOM resident? Link to comment Share on other sites More sharing options...
MadAsHell Posted April 12, 2020 Share Posted April 12, 2020 29 minutes ago, Annoymouse said: Doesn’t a regular investment full under the ‘ISA’ category and we can’t get/use a UK ISA as an IOM resident? Open a share dealing account with them, not the stocks and shares ISA. Link to comment Share on other sites More sharing options...
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