How you can you make any money with Sharebuilder Accounts??????

eggedd2k · 25 March 2008 at 3:50PM

I've been looking at the Sharebuilder accounts that various vendors offer.

The Halifax one for example - £1.50 per trade + 0.5% stamp duty. It reckons you can invest say £25 a month on shares.

On such small amounts like £25 you're down at least a couple of quid to begin with - even when it's only £1.50 per trade.

I can't see where the value is in investing just £25 in shares.

Can anyone help?

Bazn · 25 March 2008 at 4:38PM

i agree, £25 a time is very expensive in terms of commission... but there is no restriction... so you can invest more, and the commission is still only £1.50, so it is pretty good value if you;re dealing in over say £100 per month

eggedd2k · 25 March 2008 at 4:51PM

I understand what you mean about adding to it but would it be wise to keep adding to the same shares regardless of the share price?

I'm really keen to go with it but like others on the forum I only want to put 25 pounds a month into it.

spalding · 25 March 2008 at 7:41PM

the rational behind drip feeding a share like this is that it evens out the price you pay, agree with above that at £25 the commison is a high percentage, maybe consider investing every two months?

How you can you make any money with Sharebuilder Accounts??????

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