Want to buy shares - where to start?

Bengaboy

Bengaboy

Bengaboy

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Joined
1 Sep 2007
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I want to delve into the world of shares.

The only thing is is that I have no clue of where to start in the world of shares.

I bank with HSBC, they do invest direct - is this any good?

Also, a check on google says this is a very good site for shares...

http://www.hoodlessbrennan.com/

What makes it good, how does it compare to other sites?

How do they make money etc.

Any help would be appreciated :)
 
My advice if you dont have a clue about the basics don't bother.
If you plan on investing anything below a few thousand, dont expect a profit by the time you have taken fees. (unless there is a conciderable gain)

Or at least try some virtual stuff like bullbearings first.
 
kiteloopy said:
bengaboy, youve read my mind.

was just about to post a thread about buying shares.
Click to expand...

:D

sven256 said:
My advice if you dont have a clue about the basics don't bother.
If you plan on investing anything below a few thousand, dont expect a profit by the time you have taken fees. (unless there is a conciderable gain)

Or at least try some virtual stuff like bullbearings first.
Click to expand...

Well let me ask you a question.

If my companies shares are 30p a share, and I plum £500 into it, and they double to 60p a share, what would I make after fees etc?

Only looking to dabble about £500 :)
 
You would make about £490, but dont expect that to happen overnight. And they could well just go the other way and half.

In a stable market it would normaly take years for them to double in value. But at the moment it could happen in days. Visa versa

Although for £500 it's hardly worth bothering.
 
sven256 said:
You would make about £490, but dont expect that to happen overnight. And they could well just go the other way and half.

In a stable market it would normaly take years for them to double in value. But at the moment it could happen in days. Visa versa

Although for £500 it's hardly worth bothering.
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Not worth bothering?!

I could make come home with £990 in the next few days man!!! :D
 
Bengaboy said:
Not worth bothering?!

I could make come home with £990 in the next few days man!!! :D
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You could also come home with less than a hundred quid. Volatility is high. Don't barge in thinking that you'll double your money. You have more chance by putting it all on red.

If you don't understand the basic fundamentals, you don't stand much chance of making money on the markets unless by fluke.
 
If it were that easy do you not think we'd all be doing it?

On a side note however I just plowed 2g into Rio Tinto. Winner winner chicken dinner!
 
Hoodless Brennan are as good as any online dealer. All that really matters since they're regulated is their fees. Hargreaves Landsdowne are also pretty well regarded.

However as other posters have said, if you're just looking for a short term gamble you may as well head to the casino.

Investing on the other hand means being in it for the longer term, and on that basis you could argue that shares offer good value now if you've got say a 5-10 year view. It's not really worth it for £500 though. If you are considering investing, you might want to consider equity funds (baskets of shares run by a fund manager) rather than individual stocks, as they will give you a better way to play the general market.

Fidelity fund network is a good place to start if you're interested in this.
 
Open an account with ADVFN for live prices.

www.stockbrokers.barclays.co.uk or HSBC are both fine.

This is really not a good time to invest unless you have a good idea what you are doing. To give you an idea I am down 15% on Barclays and 70% Xstrata and these are not small investments :(
 
As above, barclays have some great rates on dealer fees and their tools are very easy to use.

You might pick up some bargains at the moment in the retail sector but only for long term investment.
 
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