Halifax Sharebuilder

The_MoneySavingKid

I want to "have a go" at share trading just to get the hang of it.Better to learn while young where money isn't a problem.So please don't tell me it isn't a quick way to make money,I know that.

I am looking at the Halifax Sharebuilder,but have a question about it.
It says a minimum of £20 a month (into potential 4 different lines),or a lump sum of £250 (which after finding out,is not worth it),so what would happen if were to stop the direct debit? Or if I did not wish to invest for a period of 6-12 months? (severe example,I know)

halight

Hi mate,

Try the motely fool share builder account. Its run by the hailfax. But you dont have to Pay money in all the time. also you can also deal real time for £10 a trade are on there share builder you can buy at £1.50 a trade. I use this site to do all my dealing

Best of luck mate

opinions4u

The_MoneySavingKid wrote: »

I want to "have a go" at share trading just to get the hang of it.Better to learn while young where money isn't a problem.So please don't tell me it isn't a quick way to make money,I know that.

I am looking at the Halifax Sharebuilder,but have a question about it.
It says a minimum of £20 a month (into potential 4 different lines),or a lump sum of £250 (which after finding out,is not worth it),so what would happen if were to stop the direct debit? Or if I did not wish to invest for a period of 6-12 months? (severe example,I know)

You can cancel regular funding or start it up again / increase / decrease at will. Very impressed when I used it.

If I'd only chosen better shares to buy...

MrExample

halight wrote: »

Hi mate,

Try the motely fool share builder account. Its run by the hailfax. But you dont have to Pay money in all the time. also you can also deal real time for £10 a trade are on there share builder you can buy at £1.50 a trade. I use this site to do all my dealing

Best of luck mate

They are both the same, TMF just rebrands AFAIK.

As has been mentioned, the £20 minimum really means "zero or at least £20". In fact, you don't need a recurring investment plan if you don't want it, you can make a decision each week (on or betore Tues).

Just a few points to consider:

- Shares are usually bulk purchased at around 9:30 on the allocated day. This, annoyingly, coincides with the initial spike which often occurs early on in the day, so you can sometimes lose out -- but this shouldn't really matter for the type of trading the SB service is designed for.

- You can open a Share Dealing account alongside your Share Builder account, but shares (nor cash) can't be transferred between the two. So you end up with two lumps of shares (and two lumps of selling feels) if you want to do real-time dealing *as well*.