I purchased £6000 of Northern Rock shares on Friday..

[Hate]

So, how do you do this?

 

[Spitfir3]

I got 555 shares in Friends Provident.. not worth much atm.. holding on to them

OP - do you do this a lot? professionally?

 

[basmic]

How much profit does that come to? 19k?

(6000 / 0.63) * 0.95 = £9047.619047619047619047619047619



Edit: That was what £6000 turned into - obviously subtract £6000 from the above final amount, to work out the profit.

 

[nero120]

So, how do you do this?

lol. It's bascially no different from going to the dog track. It's gambling, pure and simple.

 

[Vanilla]

Nice, a few months back I bought a load at 90p and sold around 118p.

Did the same again a few days later (not at same price point) and maded a little gain and then lost a little. Got out before it went lower.

Still up quite a bit but for those of you who see the profit and not the risk - NRK is a big risk right now. Don't buy shares if you can't afford to lose. Luckily i'm still up, but if I had missed that first opportunity i'd be down right now.

Wish I shorted some a few days ago!

 

[Anewbe4u]

I think what people want to know is how do you actually buy the shares and then sell them.

 

[Vanilla]

I think what people want to know is how do you actually buy the shares and then sell them.

There are hundreds of UK share dealers, it's just a case of picking one, setting up an account, loading money, buy shares.

 

[>:|sh4d0w|:<]

lol. It's bascially no different from going to the dog track. It's gambling, pure and simple.

Couldn't be further from the truth.

 

[nero120]

Couldn't be further from the truth.

Is that right?

 

[basmic]

There are hundreds of UK share dealers, it's just a case of picking one, setting up an account, loading money, buy shares.

In this particular instance, who did you use?

I've always been curious in shares, but never really known where to start.

Is there a minimum investment?

 

[nero120]

I think what people want to know is how do you actually buy the shares and then sell them.

http://www.iii.co.uk/

 

[nero120]

(6000 / 0.63) * 0.95 = £9047.619047619047619047619047619



Edit: That was what £6000 turned into - obviously subtract £6000 from the above final amount, to work out the profit.

Don't forget to deduct the tax.

 

[qwerty]

Couldn't be further from the truth.

He could have said it's no different from racing a jelly powered sausage car on the moon. That would be further from the truth

 

[Vanilla]

In this particular instance, who did you use?

I've always been curious in shares, but never really known where to start.

Is there a minimum investment?

I used to use iwebsharedealing but they're pretty crap. I now use HSBC as it's linked to my bank account quite nicely.

I'm not a heavy trader so the actual cost of the trade mattered little to me.

I took a big risk with NRK. I waited until it appered to stablise and then bought in. It went up 25% and I got out. I tried again and got bit! So be careful, they can go both ways.

No real minimum investment but remember it'll cost you around £10-15 per trade (buy x / sell x).

 

[jamief]

lol. It's bascially no different from going to the dog track. It's gambling, pure and simple.

Absolute nonsense.

 

[DanMc07]

blimey thats put a dent in your account hasnt it

 

[nero120]

Absolute nonsense.

Ha! Care to explain why?

 

[Anewbe4u]

He could have said it's no different from racing a jelly powered sausage car on the moon. That would be further from the truth

Haha, I'm just imagining driving that now.

 

[toosepin]

No £9047 so £3047 profit. But then you will lose some of that in fees.


It's not certain at all, best to take a tidy profit like that when you can.

Ok I misread the title as 6k shares not 6k of shares

 

[[TW]Fox]

Ha! Care to explain why?

Becuase you can use educated and informed opinion to estimate which shares are worth buying and which are not. This is how people make money.