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Buying certificated shares for a relative
Comments
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Nearly 90 quid for pressing a few buttons!
I've passed on the suggestion of Lloyds to FIL, and I suspect he's latched onto a share suggestion (dunno which!) so would like to perhaps "trim" his plans before Monday.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Joe - Have you used them lately? My understanding is that purchases up to £1,000 now have a flat fee [commission] of £27.50 and then it's up in steps to £87.50 for deals over £10,000.
:eek: Whoops. Thanks for mentioning that. I just generally buy shares under £1000. Never got into a situation where I decided to purchase over £1000. Depending on how large the value of deal is, it may be cheaper to buy through nominee account and then withdraw the investment onto certificates. That is what I used to do with Halifax before coming across Lloylds TSB online certificated trading service.
Cheers
Joe0 -
how about a share in a company that she uses? Vodafone?0
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JoeCrystal wrote: »I just generally buy shares under £1000.
£27.50 for £1000 of shares? Yikes!
I tend to avoid anything <£2000 as otherwise the £7.50 (introductory) fees on BestInvest or £11.95 on HL come close to 0.5%, which means 1% up front with stamp duty.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
I like the idea of giving her cash to invest herself and a copy of Tim H's book - it might help her to start thinking about money. Would it be possible to open a S&S ISA in her name and deposit cash then encourage her to think about what to invest in? I bet there are rules about how much cash you can hold for how long in a S&S ISA but if it is possible it would be an interesting introduction to the world of investments for her?0
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