How do you "get into" shares?

Gadge · 5 Jan 2010 at 08:42

I always hear of people making big money on various shares.

What is the best way to begin to understand them and the financial market?

Is there any simulation software you can use to practice buying and selling shares?

agnes · 5 Jan 2010 at 08:45

I would start by going to your bank, opening a stocks and shares isa and going from their lol

ags

Cosimo · 5 Jan 2010 at 08:51

You could start by taking a look here:

http://forums.overclockers.co.uk/showthread.php?t=18095832

http://forums.overclockers.co.uk/showthread.php?t=17994081

Gadge · 5 Jan 2010 at 10:18

thanks for the links. i should have searched :rolleyes:

Just a hobby im looking into.

moon man · 5 Jan 2010 at 10:29

I used to be into it at that time when you just (almost) couldnt go wrong used http://www.iii.co.uk for tracking my shares and halifax online for buying and selling

cm1179 · 5 Jan 2010 at 10:33

i do shares through barclays, nothing major but i have a subscription to the penny shaers guide and have recieved some good advice from them.

J.B · 5 Jan 2010 at 10:38

I just opened a share dealing account with halifax. Paying through the nose in commision but I dont trade very often so it's not too bad. Its really just a hobby but I've seen a 30% odd return so not too bad really.

moon man · 5 Jan 2010 at 10:40

J.B said:
I just opened a share dealing account with halifax. Paying through the nose in commision but I dont trade very often so it's not too bad. Its really just a hobby but I've seen a 30% odd return so not too bad really.

the spreads can come as a shock as well needing quite a big climb to just to break even

tripitaka · 6 Jan 2010 at 12:47

J.B said:
I just opened a share dealing account with halifax. Paying through the nose in commision but I dont trade very often so it's not too bad. Its really just a hobby but I've seen a 30% odd return so not too bad really.

I have a Sharebuilder account with them, lower dealing costs (£1.50/trade) but the deals are only executed on one of 4 dates each month as they pool them together to save on charges.

domthecondom · 6 Jan 2010 at 13:18

Ask your company if they do Employee shares like a SHIP, SAYE. EXEC plan! I work for computershare and We must have over 200 companies we look after. Usally it is a good way to get into shares as most companys offer you 1 to 1 shares....so for every share you buy monthly they buy 1 for you as well....after 5 years they are tax free to sell

Gadge · 6 Jan 2010 at 13:25

domthecondom said:
Ask your company if they do Employee shares like a SHIP, SAYE. EXEC plan! I work for computershare and We must have over 200 companies we look after. Usally it is a good way to get into shares as most companys offer you 1 to 1 shares....so for every share you buy monthly they buy 1 for you as well....after 5 years they are tax free to sell

we do have a share plan and im in that. We pay in monthly, upto 10% of your wage, and at the end of the year we buy the shares 15% less than the lowest share price for that year for our company.