How should I start investing?

iAMaLONDONER

How would I be best of investing in stocks and shares. I'd like to start with maybe say around £100*- quite conservative I know but I'd prefer to minimise risk!

I've heard Halifax and HL do shares but I'm interested in personal recommendations!

* £100 per month to start with

Drp8713

Do you mean £100 a month or just £100?


HL let you do regular share buying at £1.50 and Halifax do the same for £2. So both are good for this.


But if its a one-off £100 purchase you will pay £11.95 a trade at either, which leaves you over 12% down after stamp duty instantly.


If its just a bit off fun and your not too worried about losing it though there is nothing stopping you. I have bought a few individuals shares under £250 in my ISA and SIPP for fun. All of them, even the AIM ones have already recouped their fees, except for Sainsburys that is.

innovate

OP, you seem to be able to dig up every other ancient thread, so why not the ones about starting to invest? The credible 'personal recommendations' for you will be no different to the recommendation every other investment newbie got - i.e. get on with reading a few books and websites about investing.

Here's a tip though: you wouldn't want to think about providers (such as Halifax or HL) before you haven't got a very firm idea what it is you want to invest in. So first you need to figure out what you want to invest in, not the broker you will use.

Sobryma

That level I would go for a savings scheme, maybe into an Investment Trust, OEIC etc. If you want to go for a passive solution maybe go for OEIC savings into Blackrock Consensus, Vanguard Life Strategy at an appropriate risk level you feel comfortable with.

jimjames

iAMaLONDONER wrote: »

I've heard Halifax and HL do shares but I'm interested in personall recommendations!

With £100 I certainly wouldn't be looking at shares. Do you mean £100 a month or just investing a lump sum of £100? If lump sum you may find that no providers work with amounts that low but you could do it as a regular payment and then stop after 1 has been taken. If this is the case though I'd really question the point of it, £100 is probably better kept in a savings account.

iAMaLONDONER

Drp8713 wrote: »

Do you mean £100 a month or just £100?


HL let you do regular share buying at £1.50 and Halifax do the same for £2. So both are good for this.


But if its a one-off £100 purchase you will pay £11.95 a trade at either, which leaves you over 12% down after stamp duty instantly.


If its just a bit off fun and your not too worried about losing it though there is nothing stopping you. I have bought a few individuals shares under £250 in my ISA and SIPP for fun. All of them, even the AIM ones have already recouped their fees, except for Sainsburys that is.

jimjames wrote: »

With £100 I certainly wouldn't be looking at shares. Do you mean £100 a month or just investing a lump sum of £100? If lump sum you may find that no providers work with amounts that low but you could do it as a regular payment and then stop after 1 has been taken. If this is the case though I'd really question the point of it, £100 is probably better kept in a savings account.

£100 a month for a year. I wouldn't want to go too fast as I'm rather conservative about risk aka risk averse.

iAMaLONDONER

innovate wrote: »

OP, you seem to be able to dig up every other ancient thread, so why not the ones about starting to invest?

I was trying to break that habit lol!

innovate wrote: »

The credible 'personal recommendations' for you will be no different to the recommendation every other investment newbie got - i.e. get on with reading a few books and websites about investing.

It's always good to hear people's stories- after all many things on this forum wouldn't be mentioned in the T&Cs or books on finance!

innovate wrote: »

Here's a tip though: you wouldn't want to think about providers (such as Halifax or HL) before you haven't got a very firm idea what it is you want to invest in. So first you need to figure out what you want to invest in, not the broker you will use.

I'd like to invest in shares particularly banking shares. However I'm rather risk averse and don't want to pay high fees

MABLE

OP. If you buy shares listed on the AIM market as from tomorrow they would be stamp duty exempt. I use Barclays and only pay £7.50 for buying and selling.

thegrind

OP,

You say you are risk averse yet you want to buy banking shares?

why not for example GSK, VOD, RDS-?)

also £100 drip feed a month you'd probably be losing 2% of that in commission and stamp duty before you've even started making a profit.

Wilkins

iAMaLONDONER wrote: »

I'd like to invest in shares particularly banking shares. However I'm rather risk averse

:rotfl::rotfl::rotfl:

jimjames

iAMaLONDONER wrote: »

I was trying to break that habit lol!
I'd like to invest in shares particularly banking shares. However I'm rather risk averse and don't want to pay high fees

You seem to have an interesting definition of risk aversion. I dread to think what your definition of high risk is!