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Halifax share builder or other options
khampson
Posts: 357 Forumite
Hi I currently have £1700 invested in zopa but recently the rates have dropped and I an not willing to lend out at the current rates, I bank with Halifax and was thinking about filtering my money from paid loans in to Halifax share builder which would be :£50 to £100 per month, I know I can only buy shares at certain times each month and like the £1.50 commotion fee, I was wondering can I sell them at any time if the month or only on a selected day like buying them?
I understand the risk of buying shares which I am willing to take but are there any alternative?
Regards Keith
I understand the risk of buying shares which I am willing to take but are there any alternative?
Regards Keith
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Comments
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Does anyone have any reviews oh Halifax share builder?0
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Halifax share builder is OK but one bug bear for me is it gives you fractions of a share so you can hold 350.00164545 of a share!
You can sell whenever you like all or part of the shares you hold.
It may also be better to do this as part of a shares ISA (also available on Halifax) as the fees are the same but any profit is protected from tax.I started with nothing and I am proud to say I still have most of it left.0 -
But they do charge a monthly fee for the stocks and shares ISA (though not the funds-only ISA). Interactive Investor do much the same thing (run by Halifax) without the monthly fee.It may also be better to do this as part of a shares ISA (also available on Halifax) as the fees are the same but any profit is protected from tax."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
But they do charge a monthly fee for the stocks and shares ISA (though not the funds-only ISA). Interactive Investor do much the same thing (run by Halifax) without the monthly fee.
I think the ISA is the same conditions as normal trading and the same prices just in a self select ISA wrapper. It says nothing about charges on their site.
I don't have one most of my shares are AIM which cannot be put in an ISA.I started with nothing and I am proud to say I still have most of it left.0 -
I have one as my first jump into share purchases and i like it, very easy to use.Aug 24 - Mortgage Balance £242,040.19
Credit Card - £8,141.63 + £4,209.83
Goals: Mortgage Free by 2035, Give up full time work once Mortgage Free, Ensure I have a pension income of £20k per year from 20350 -
I would recommend iii.co.uk, £1.50 for advance trades as well and VERY easy to use and user friendly platform. Also can buy into funds etc in an ISA.0
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And you can buy funds by monthly payments without being subject to the normal minimum piece."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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Ok which is best iii or Halifax? Also I use Halifax for my banking so if I sign up for share builder will it show up on the my accounts page?
Keith0
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