First time buying shares...

A_Flock_Of_Sheep

Hi,

I have never owned or purchased any shares. A friend of mine needs some money and is looking to sell two hundred santander shares. I was wondering if I could buy the shares from them. Is there away I can pay them the cash and the shares transferred to me?

Also if this is possible are Santander shares a good thing to buy?

Thanks for any help and advice

Jegersmart

Hi

You need to do some serious research on this. No one can tell you whether a particular share is a good buy or not with any degree of certainty. If you want to help your friend and know him/her well perhaps give him a loan?

J

BLB53

Personally, I would not recommend bank shares as a first shares purchase, and certainly not a Spanish bank!

gadgetmind

A_Flock_Of_Sheep wrote: »

Is there away I can pay them the cash and the shares transferred to me?

Does he hold the shares as a certificate? You can do a crest transfer form and send everything to the registrar, but the form is rather complex and you'll also have to pay the stamp duty.

It's much easier for your friend to just flog the shares and for you to carefully to decide where you want to invest. Buying shares in just one company is risky.

jimjames

Buying shares in one company is far more risky than buying a fund that holds many shares.

If you weren't thinking of buying these shares before your friend mentioned it why would you do it now? As above if you want to buy shares it is far simpler to just by using one of the normal routes and the cost will be under £15. The hassle of the paperwork will be far more trying to do a transfer outside the market.