Where's the best place to buy a one off batch of shares

rockadog

I have £2000 i wish to use to buy a one off batch of shares in a particular FTSE 100 company which i already own shares in and are held by Computershare..I have never bought shares before on the open market,i just own shares from share-saves schemes and demutualised companies.What's the best way to do this without joining any share dealing company or would this be a wiser option or can i walk into a bank in the high street? I would also like to know how to go about selling them in the future too.Any advice would be most helpful. A share dealing newbie.

Farway

As it costs nothing to join many online share dealers, selftrade & iii to name but two then use one, it will be cheaper & more convenient than a high street bank, both buying & selling

cheerfulcat

You may be able to buy more shares through Computershare - depends on the company. Have a look at Computershare's website.

sabretoothtigger

compushare isnt particularly cheap. You can buy and sell online with them, you just need your document numbers, etc

rob_32002

can vouch for selftrade. I use them for my D/A.

gregz0012

There are a lot of cheap execution only online brokers out there and they all do the same thing. But watch out for annual charges if you aren't going to trade frequently.

Did you know you can put your shares in an ISA if you haven't used your £7,200 allowance this year? Most of the online brokers will offer this with an annual ISA administration charge and if you a re a higher rate tax payer and the company pays a high rate of dividend it can be highly beneficial.

But I would fundamentally question why you want to invest directly in shares with such as small amount, investing in a single share exposes you to much more risk esspcially if it is a company you work for, hold shares in already, or shares in the same industrial sector. Have you considered investing in a managed fund diversifies the companies you invest in and spreads your risk? But it's your money at the end of the day.

sabretoothtigger

Is it possible to have two isas per year of a different type.


Apart from capital gains (9k allowance) you dont really need shares in an isa, the dividends are taxed regardless afaik. Obviously if your on higher tax yea makes sense

gregz0012

sabretoothtigger wrote: »

Is it possible to have two isas per year of a different type.

I'm guessing that's a question. Yes you can, you can have a cash ISA at the bank and an investment ISA with a broker or plan manager, as long as you don't contribute more than £3,600 to any cash ISA or more than £7,200 between both types in the same tax year.

If you are investing in shares over a long period of time having them in an ISA makes a huge amount of sense as you'd expect the capital gain to exceed the CGT allowance.