Stocks! how do you actually buy them!
- Thread starter spm_uk
- Start date
spm_uk said:
Halifax do a decent share trading account, I think they've got one where you can only trade once per week (possibly month), but the charge for the trade is very low.
Dangerous game if you don't know what your doing, and I guess as you just posted that question, your probably best putting your money in property/ the bank.
Nix said:Here you go: Linky
like it You have to trade stocks and shares via a stock broking service.
More and more banks are offering reasonabel brokerage and lots on-line too.
Google will get you started.
BUT, it's very easy to make no profit and huge losses by selecting the wrong shares to purchase. You may be better buying "unit shares" in a managed fund by any of the major investment companies - Scottish Widows. Legal&General etc etc. Contacting your bank/building society will get you a free consult on what your options are with your money. And talking to a seperate financial analyst wopuld be best to explain risk and returns mroe fully
Soldato
- Joined
- 13 May 2003
- Posts
- 9,236
One of the easiest ways is to get a nominee account. LloydsTSB have a service called ShareViewDealing which I have used, it was fairly straight forward. You're not going to get the best prices with a nominee account but the transaction costs are low. As I understand it you not truly selling to the stockmarket but to and from your nominee account operator, who are in the market. They offer you prices close to those of the market and they make money on the fluctuations between that price and the ones they offer. As long as you're not day trading I can't see that you'll notice the price difference.
Hi There,
As has been said, you need to trade via a broker. I've found Halifax's online service to be pretty good, they let you make instant trades for £12 a pop or they allow you to "schedule" the purchase on certain dates for just £1.50. I've found you don't tend to get a great deal when they do this but whether or not it's worth paying the extra for an instanr trade will be down to how much money you have to invest.
To get yourself started, check out www.fool.co.uk. I'd highly recommend you sign up for Chmpionship shares to get an idea of what companys you should be looking at. The first month is free so you can get a feel for whether or not it's worth paying the subscription fee after.
I'd also suggest you build a portfolio on finance.yahoo.co.uk. This gives you a convinient view of stocks you're interested in and is also linked to Yahoo news so you get links to all relevant stories for your shares.
Hope that's of some help.
Nick
As has been said, you need to trade via a broker. I've found Halifax's online service to be pretty good, they let you make instant trades for £12 a pop or they allow you to "schedule" the purchase on certain dates for just £1.50. I've found you don't tend to get a great deal when they do this but whether or not it's worth paying the extra for an instanr trade will be down to how much money you have to invest.
To get yourself started, check out www.fool.co.uk. I'd highly recommend you sign up for Chmpionship shares to get an idea of what companys you should be looking at. The first month is free so you can get a feel for whether or not it's worth paying the subscription fee after.
I'd also suggest you build a portfolio on finance.yahoo.co.uk. This gives you a convinient view of stocks you're interested in and is also linked to Yahoo news so you get links to all relevant stories for your shares.
Hope that's of some help.
Nick