Halifax share builder or other options

sabretoothtigger

For small amounts it has to be halifax really otherwise they are similar. You may prefer to save the money then buy all at once


For iii its 1.50 to buy on a set day, price randomly choosen on the day. Then you can sell anytime you like 8am to 4.30pm mon to friday and they charge 10 pounds

So you buy 50, costs 1.50 + 1% spread + 0.5% duty total cost £52.25 for value of £50 shares or costs of 4.5%
Then to sell with iii any time you like it costs £10. Your share rises 5%, its a good investment. Cost £10 for £52.5 of shares or 19% costs

[I assume buy or ask spread did not vary]

Halifax its the same costs to buy and 5.00 to sell any time you like for under £250 capital or in the above case 9.52% selling costs

Also I use Halifax for my banking so if I sign up for share builder will it show up on the my accounts page?

It requires a separate login, theres no advantage.
Halifax have been known to have special days with lower or no charges, almost no other broker does this but its a random day not known long beforehand so pretty haphazard

marvin

khampson wrote: »

if I sign up for share builder will it show up on the my accounts page?

Keith

Yes but it will launch a new page and you have to sign in again.

This is something new which started recently and is really annoying.

I did open an account with iii a couple of years ago but could never get logged into it so gave up (share dealing that is I do use their forums and share portfolio's).

khampson

So it costs £1.50 to buy and £10.00 to sell meaning your shares would need to rise by at least 20% to make a profit based on buying £50 worth of shares

marvin

khampson wrote: »

So it costs £1.50 to buy and £10.00 to sell meaning your shares would need to rise by at least 20% to make a profit based on buying £50 worth of shares

+ the spread (can be huge on some shares) As he said for smaller amounts you are probably best off with Halifax who charge £2.50 for sales up to £250 but £11.95 over that (obviously you can break sales of £500 into two and still be the same price as iii).

If investing larger amounts then you are probably better off with III as it is cheaper to sell amounts over £500.

Halifax also do deals where on occasions you can buy without any fee (last one was in October) for a couple of hours (often miday to 3 pm)

It is all horses for courses and in small amounts every penny counts where it does not so much in bigger amounts.

pqrdef

marvin wrote: »

Both they are the same in all but name you pay £1.50 per trade in the builder.

Couldn't find anything which says you can buy funds with the Halifax monthly scheme. Next question would be whether it costs £1.50, because fund trading is normally free, apart from the fund's initial charge.