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  • PennyForYourThoughts
    • #2
    • 1st Jun 05, 9:33 PM
    • #2
    • 1st Jun 05, 9:33 PM
    I'm a little confused by the table showing costs of share dealing where it seems to imply that if you buy/sell £1000 worth of shares you will pay £800 in costs over the year. Can this be correct or have I completely mis-interpreted the article at Yeah, that one
    Are Pie Shops open 22/7 ?

  • rde
    • #3
    • 1st Jun 05, 10:45 PM
    • #3
    • 1st Jun 05, 10:45 PM
    Interesting article, Martin. But you didn't mention that some companies do not allow the perks for shareholders to be passed on thgough nominee accounts. By companies I mean the brokers and the companies whose shares are dealt.
  • Aark
    • #4
    • 1st Jun 05, 11:41 PM
    • #4
    • 1st Jun 05, 11:41 PM
    I'm a little confused by the table showing costs of share dealing where it seems to imply that if you buy/sell £1000 worth of shares you will pay £800 in costs over the year.
    That figure is based on 5 buys & sells per quarter, mean value £1000 - not just one trade.
    • MSE Martin
    • By MSE Martin 2nd Jun 05, 12:48 AM
    • 8,087 Posts
    • 42,208 Thanks
    MSE Martin
    • #5
    • 2nd Jun 05, 12:48 AM
    • #5
    • 2nd Jun 05, 12:48 AM
    Hiya

    Aarks right - if you look at the key to the table it says 5 buys & sells per quarter, mean value £1000. In other words thats 40 seperate trades worth 1000 over a year.

    As for Rde - i certainly do - i think you may've missed it. It's right up the top in the explanation of nominee accounts. As it happens hoodless B will allow perks upon requests (if companies permit it)
    Martin Lewis, Money Saving Expert.
    Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.

    Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.

    Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 000
  • HRS
    • #6
    • 2nd Jun 05, 11:30 AM
    • #6
    • 2nd Jun 05, 11:30 AM
    Does anyone have a list of which companies offer perks/benefits if you hold shares in them?

    I know that Avis give you discounts/preferential rates on booking with them and also send a couple of vouchers for renting their cars, and if you were lucky enough to have bought Debenhams shares a few years back then you still get a 12.5% discount (as long as you pay on their gold credit card).

    Would be nice to have a list somewhere!
    stay lucky!
    • cheerfulcat
    • By cheerfulcat 2nd Jun 05, 2:41 PM
    • 3,173 Posts
    • 1,350 Thanks
    cheerfulcat
    • #7
    • 2nd Jun 05, 2:41 PM
    • #7
    • 2nd Jun 05, 2:41 PM
    Does anyone have a list of which companies offer perks/benefits if you hold shares in them?
    by HRS
    Yup, Hargreaves Lansdown has such a list -

    http://www.hargreaveslansdown.co.uk/siteredesign/online_guides/shareholder_perks/index.asp

    Just make sure that you are fully aware of how many shares you are required to hold to qualify for perks. Some companies don't have a minimum ( well,minimum one share, but you know what I mean :-) ) whereas others expect you to hold a few hundred. And of course, never buy shares for the perks only, unless the perks more than cover the cost of the shares...

    HTH

    Cheerfulcat
  • brian57
    • #8
    • 2nd Jun 05, 4:38 PM
    • #8
    • 2nd Jun 05, 4:38 PM
    If you have a reasonably sized portfolio and you wish to take market views which mean that you may spend some time in cash, then be careful to avoid, if possible, those brokers (nearly all) who give lousy rates on cash balances. A poor rate can have much more effect on performance than levels of commission.
    • plumb1
    • By plumb1 3rd Jun 05, 6:58 PM
    • 2,943 Posts
    • 888 Thanks
    plumb1
    • #9
    • 3rd Jun 05, 6:58 PM
    • #9
    • 3rd Jun 05, 6:58 PM
    see my offer here
    http://forums.moneysavingexpert.com/showthread.html?t=235
    Having a Powerflush, check your fitter spends a min of 4/5 hours doing it. My last one on the 05/10/13 took 8 hrs( dam 10mm micro)
    • brodev
    • By brodev 5th Jun 05, 6:14 PM
    • 988 Posts
    • 865 Thanks
    brodev
    I have about 4 holdings in cos. worth under £300, all in paper shares. My reading of this article suggests that I can join Hoodless B, send them my paper shares, have them convert them into E-shares and then sell them all for free if I do this in the first month. Am I correct? If so, I join tomorrow.
    Something Really Interesting
  • Scooby_Man
    How do companies pay their shareholders dividends when using brokers such as Hoodless B? Do you get a cheque through the post? Do the companies credit your account with more shares (i.e. distribute to Hoodless?)

    What are the best times to buy generally? Tuesday mornings? Friday afternoons seems less favorable....
    Smile and be happy, things can usually get worse!
    • cheerfulcat
    • By cheerfulcat 11th Jun 05, 11:58 AM
    • 3,173 Posts
    • 1,350 Thanks
    cheerfulcat
    If you hold your shares in a nominee account, the dividend will be paid to the broker and credited to your dealing account. You can reinvest into shares either by agreement with your broker or by DRIP plan, if the company provides one.

    The times to avoid buying shares - or rather, the times when they are most volatile - are Mondays and Fridays and all weekday mornings first thing.
  • EdInvestor
    Wednesday is the day shares usually go ex-dividend, so that may be a good day to buy, as prices usually fall when this happens.\

    On the other hand, if you were counting on getting the divi, be sure to buy before the ex-div date.
  • Scooby_Man
    Thanks guys...So how do you know when the dividends are paid? I thought these were on a 6 month basis and not once a week!
    Smile and be happy, things can usually get worse!
    • cheerfulcat
    • By cheerfulcat 13th Jun 05, 7:23 AM
    • 3,173 Posts
    • 1,350 Thanks
    cheerfulcat
    Most dividends *are* paid on a roughly six monthly basis. It's just that Wednesday is almost always the ex-dividend day for any given stock. You might be interested in this document, which outlines the procedure for companies -

    http://www.londonstockexchange.com/NR/rdonlyres/E89C2FC4-1D5F-4BC4-8511-85313EDE6D2A/0/DIVIDENDPROCEDURE2005.pdf

    As you can see, the dates are quite fluid, though usually you can go by last year's ex-div date to get a rough idea. I have a list of this year's expected ex-div dates; if I can remember where I got it I'll post a link, or Editor might have it?

    Cheerfulcat

    Edit : ex-divs expected shortly - http://harber.us/typo/stockchallenge/dividends.php

    Divis expected + likely pay date - http://investorease.com/exdiv.html

    More on dividends -

    http://boards.fool.co.uk/Message.asp?mid=7897781&sort=whole#7898744

    If you are interested in high yield investing this is invaluable; it is a subscription service but at £10 a year for the monthly e-mail it's well worth it

    - http://www.itpaysdividends.co.uk/new_index.htm
    Last edited by cheerfulcat; 13-06-2005 at 7:39 AM.
  • Scooby_Man
    Excellent - I'm going to subscribe to that - in addition to the 'Value Investor' from Motley fool...It's getting exciting now! I am going to play with £1000 now and just opened an account with hoodless brenan. Let's see what I can do...

    Any good sites where you can share your portfolios (I know Motely Fool's site is good)?
    Smile and be happy, things can usually get worse!
    • cheerfulcat
    • By cheerfulcat 13th Jun 05, 1:50 PM
    • 3,173 Posts
    • 1,350 Thanks
    cheerfulcat
    TBH, Scooby_Man, I don't think you'll find a better place than the Fool for discussing portfolios and investing!

    ADVFN can be informative for certain types of shares but it is so full of rampers, clowns and schoolboys from the planet Destructo that it can become very wearing to wade through. Good portfolio tool, though, and probably a better source than TMF for share price info and the like. You have to register but the basic registration level is free. The bulletin boards are the top right hand tab, where it says FreeBB/PBB

    http://www.advfn.com/

    Another popular site is iii -

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


    I don't look at Shares Forum much - it's nowhere near as busy as TMF - but there is some useful information and there are some very helpful posters. Here's an incredibly useful thread about sites for investors -

    http://www.sharesforum.co.uk/index.php?showtopic=36

    Cheerfulcat
    • brodev
    • By brodev 13th Jun 05, 8:46 PM
    • 988 Posts
    • 865 Thanks
    brodev
    The link to Hoodless Brennan seems to be broken. Also when I go direct to there site there appears to be nothing about 1st month free. Perhaps i am too late. Boo Hoo!
    Something Really Interesting
  • tony2toes
    Does anyone know the cheapest online or telephone broker to buy US shares, particuarly ones traded in the NASDAQ? Cheapest online quote I have seen is £15 by III (Interactive Investor?) online.

    Cheers
  • petec
    selling paper shares
    I have company paper shares worth almost £6,000.

    What is the cheapest way to sell them?

    This will be my one and only transaction.

    Thanks in advance.

    Petec
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