£100 per month to spend on shares - via halifax or ...???

HOORA

Hi, i have 300-400 available NOW to spend on shares, and I can afford to put a further 100 pounds per month into shares(occasionally200..more if myspreadbetting and taking advantage of free bets works out).

which sharedealing service would you recommend? Would I be the actual shareholder and receive company perks/rights as well?

my only experiences of share are paper shares, receiving a windfall whn halifax changd to a bank, and when my parents bought me electricity shares for a birthday (should never have sold them even though the value trebled in as many years).

thank youfor any advice.

canny_yorkshireman_2

there are plenty of share dealers on the internet and much are the same be carefull of charges some have small fees for dealing and take higher commissions for selling. If you buy throgh a broker you will own the shares and receive dividends and perks depending on what the company offers. if I was to advise what to buy and I assume you are looking at this for an investment that may produce good returns then stick to a portfolio with blue chip companies and spread the risk by investing in a wide area of services ie/bamks,shops,supermarkets,insurance,utillities. This should ensure you gain from a rising market without undue exposure to one particular field.
Best of luck and post up next year the returns you have made bet it beats the returns on property.

Tim_L

Why not just use rolling financial spreadbets? There's very little practical difference in spreadbetting and actually owning shares in a nominee account - you don't get perks unless you actually have a share certificate, which you don't in a nominee account - and you save a great deal on dealing fees (and can move in and out of a position more easily). Dealing fees at £30 on even a £200 transaction would be 15% of your monthly budget, which is quite a long way back to start.

I have to say that I wouldn't personally be buying individual shares with these relatively small amounts, but would probably be looking at a tracker or similar, i.e. a highish risk but a collective investment managed at low cost. You have to be pretty savvy to cherrypick well performing shares (though I appreciate this is being done to some extent with free money) and it's not easy. If you want to practice, then why not spreadbet for small amounts (and with a stoploss), while using your £200 as a basis for a tracker?

One fabulous perk you get as an L&G shareholder, by the way, is cashback on lump sum investments in trackers (over and above the cashback they give you if you leave the investment in for a year). This is quite a high percentage of the total investment and comes as a cheque up front. Well worth buying a share to get.

I'd also say that if you're serious with the matched betting, it's probably a better investment than either of these options, provided you're prepared to chase the bigger bonuses which require both a fair amount of work and a good deal of capital. For example you can make about £300 in a month or two from bookies such as Pinnacle, but need to deposit £3000 and have similar amounts available for matching the bets out - you also need to find very close matches to minimise losses, which takes time. These big bonuses are absolutely not for beginners, but it doesn't take long to get to a point where you're confident to take them on.

scbfung

I think if you are not experience on dealing with shares and there is not much point paying a hugh lesson by learning from mistake in share the best things to do is to put in to fund management which they deal for you and all the people will be very experience and also becuase they have their own stragies and money power for instance FANDC I am using they have 129B pounds under managment which obviously they have a lot more access of useful information.

There are also somthing called multimanager which they put money on other companies fund which is the best to spread across the market