Stocks & Shares

Mr_Raoul

This might seem like a really dumb post to many, but i have no idea when it comes to stock and shares, i dont know what they are, where to buy them from, what to do with them, how much they cost, etc etc?

I listen in a morning to Henk Potts from Barclays talking on talkSport, and although i am quite lost as to what he's on about, i find it quite interesting, the share prices in various companies rising a falling an a daily basis.

I think it could be quite fun, buying some stock and seeing if the prices rise, bit of a change from the odd flutter on the nags!

I would like to know more, can i buy some shares today, with say £100?

Are there any sites out there with guidance, info, tips for a beginner?

Many thanks.

Kip

Aegis

You probably could buy some shares with £100, but the transaction costs of selling would mean that you'd need to make about 5-25% (depending on whether you manage to grab a decent offer for both buying and selling or not) gain before you could break even. Transactional costs really eat into your potential growth at the low levels of investment. You may wish to bear that in mind before you invest, especially if you're not sure what to invest in, as there's nothing like losing money to put you off investing!

cheerfulcat

Motley Fool's the best place to start. Incademy has some short courses ( free ) which might start you off.

£100 is too small a sum - you need to allow for dealing costs.