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Have spare £1000. Wanna dip my toe in share buying. Where do I start??

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Comments

  • tradetime
    tradetime Posts: 3,200 Forumite
    The ETF offerings in the UK are little short of abysmal, unless I am missing something, I would look at US ETF's if I were you and with that in mind there are sites such as.
    ETF Trends.
    Seeking Alpha. which has a good ETF section
    Investopedia section on ETFs
    Another article I just came across, but as with every type of investment, take your time and thoroughly research and understand what you are investing in.
    Hope for the best.....Plan for the worst!

    "Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown
  • turbobob
    turbobob Posts: 1,500 Forumite
    I'm not aware of any options that would allow you to fund your trading account with cash posted in an envelope. It would seem very suspect....
  • JoeCrystal
    JoeCrystal Posts: 3,349 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    :j Thank you tradetime. For the lists of these articles, I will read them later tomorrow. So ETFs in UK is hopeless (But why? Is there a reason why it is bad in this country?)... :(

    McSaver, I have to admit your suggestion is rather appealing. I did consider Halifax ShareBuilder and it can do FTSE 100, 250 and FTSE All-Share, Investment trusts, Exchange Traded Funds (ETFs) and AIM Stocks. In spite of ETF's and AIM stocks are restricted to stocks and shares traded in sterling.... But as tradetime pointed out that U.S. ETFs might be mighty, I cannot invest into them with Halifax Sharebuilder.

    Also, how does it count on forms? For example, Short Tax Return?

    I can understand the problem of not be able to buy them at the price on the day but I am looking at 7 years long 'Investing'. Hopefully that should be long enough.

    "Any PTM (Panel on Takeovers and Mergers) levy which is due on purchases over £10,000 will be paid by us in relation to planned purchases. We will not pay any PTM levy in relation to real time purchases and any sales. We will account to the appropriate authorities for all such taxes and levies. You will pay any other taxes for which you are liable in connection with a deal, for example Capital Gains Tax."

    Can anyone explain the list of taxes connected with buying/selling them?
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