Birthday present

joebob

I want to buy my daughter £400 of shares, are there any banks that will do it over the counter, I just want a one off transaction with the certificate in her name, so she can decide if and when she wants to sell.

Lokolo

You won't be able to get the certificate fully in her name as you have to be 18.... (I am assuming your daughter is under 18).

joebob

No shes 26

DiggerUK

joebob, unlike shares that can become worthless, gold never will.
Have you considered a UK half Britannia or Double Sovereign legal tender coin at about 450/460 instead.
You could even get one with this years date.

joebob

no she's always been interested in stock market so i thought i would start her off. but dont want to mess about with online firms

LongTermLurker

Have you decided what shares would be a good buy? It reads as though you're of the belief "all shares are equal". You might end up investing £400 in a pup that's worth £100 in 6 months time...

For once, I'd be apt to agree with the Golden Bull up there ^^ if all you wanted to do was buy a present, but if you wanted to buy equities, why not start off a regular savings plan using a couple of funds? I know you said you don't want to "mess about with online firms", but you could get a good deal with Hargreaves Lansdown if you set up a £100/month investment, choosing 2 funds, and cancel the instruction after 4 months.

The only thing is, it would be easier to get the funds into her name if you did it with her knowledge and would also allow you to put them into an ISA in her name. Funds would be far more diverse than that £400 pup...

joebob

I was thinking of BP or VODAFONE

theronkinator

I wouldn't just buy shares as a present on a whim, I'd talk it through with her and see if she wants that and what company.

cloud_dog

joebob wrote: »

no she's always been interested in stock market so i thought i would start her off. but dont want to mess about with online firms

If she's the one who's always been interested in the stock market why not discuss it with her, let her open an online account in her name, deposit your money in it and let her decide what to invest in.

That way you both will be benefitting from the much lower dealing costs with online brokers and it will be the stepping stone for her to start and hopefully continue and expand her investment interest.

If you (she) opens an account with iii, Halifax, fool (same platform) I beleive you can invest for £1.50 plus any stamp duty.