Certain brokers (I donāt know if Freetrade is one) allow you to have general investment accounts in different currencies, note an ISA needs to be in GBP. But if youāre trading then you could have a USD account, pay FX fees once then do multiple trades in USD with no FX fee. It isnāt really my thing so canāt make specific recommendations, but look into it.
In the past (going back 10-15 years) I was quite scattergun with no strategy. Iāve learnt a lot in the last 2 years. Strategy is long term, buy, dollar/pound average, hold - with the odd short term hedge if I find my portfolio unbalanced.
Portfolio is made up:
- 50% pension (which is largely VWRP type stuff)
- 50% personal investments (80% of which is spread across c50 individual stocks - mostly large household names, remaining 20% is split between All World Trackers e.g. VRWP/L, S&P 500 e.g. VUSA/VUAG, and a bit Japan, Pacific, Emerging Market funds)
Edit: If I can prove to myself that the individual stocks are better than the pension/trackers then Iāll move that into the stocks. One step at a time though