Need to buy 300-500 punds worth of shares - one off

mrbg07546

need to buy 300-500 pounds worth of shares one off, whats the most cost effective and effieicnt way to do it? online perhaps?

i know the shares i wish to buy?

PS? is it also worth buying HBOS shares at the moment? they seem to be real low!

Farway

mrbg07546 wrote: »

need to buy 300-500 pounds worth of shares one off, whats the most cost effective and effieicnt way to do it? online perhaps?

i know the shares i wish to buy?

PS? is it also worth buying HBOS shares at the moment? they seem to be real low!

Online you can do it for around 12.50, plus stamp duty

HBOS shares, fancy your chances at catching a falling knife? You have the same chance with HBOS shares, could cut your fingers off

Not financial advice but if you are a newcomer to shares, as it sounds like, then the current market is really only for the big boys with deep pockets, best stand well back IMO

pumpndump

Yes, you can buy/sell online with, say, Selftrade at £12.50 a time. Note that they are "execution only", so they do not give any advice. You will also have to pay stamp duty when you buy (not when you sell) at 0.5%.

Imagine you are the richest man in the world. What UK shares would you have in your dream portfolio?

Now look at the Financial Times, and you will currently see those companies going dirt cheap. If you are in for the long term, and can stomach the market going up and down like the Grand Old Duke of York, you will make a fortune.

Rehnn83

Farway wrote: »

Online you can do it for around 12.50, plus stamp duty

May seem like a dumb question but where online?

And if you buy online do you still get paid dividends etc...

pumpndump

Rehnn83 wrote: »

May seem like a dumb question but where online?

And if you buy online do you still get paid dividends etc...

Don't think it is a dumb question. You can start with your bank. RBS(NatWest), Barclays do it. You can start with them. Also Selftrade are good.

Some firms will provide software that will let you trade a make-believe portfolio, and you can make all your mistakes on that before trading properly.

The answer to your second question is yes, you will get dividends, rights issues, scrip issues etc.

I think most of the online brokers let you own the shares through a holding company, so you will not get a share certificate; and you will not be invited to the Annual General Meeting, so you will not get an opportunity to haul the CEO over the coals. You will not be sent the company accounts. If you deal in fancy things like warrants, you will have to ring up a special division and pass a quiz, so that they are satisfied that you know what you are doing.

You will continually see the term "Spread Betting." Spread Betting is gambling, and the only way to make money out of it is to own shares in the company that runs the book - for example, IG Group, Barclays (There you are, Quakers running a book!) RBS etc.

Good luck!

Fella

Selftrade do a R-A-F where each party gets £50.

If you go to the referrers board on MSE you'll probably be able to add another £25 kickback to your £50.