Newbie needs help buying shares

techno79

I'm a complete newbie with buying shares but I have a keen and passionate interest in a specific company that I would like to buy shares in. Yes I'd like to see my money grow but the amount I'm investing is something I'm fully prepared to risk losing if things go in the worst case scenario. The more important aspect is that I believe in the morals and principle of the company and want to back it on that premise.

I already have a pension account with Hargreaves and Lansdown, so I thought it would be easiest if I buy the shares using my existing H&L account. However, it says that the shares can be held in ISA, SIPP or a Fund and Share account which has confused me. I already have an ISA account, so does this mean I'd need to hold the shares in another account?

What's the best and easiest way for me to purchase these shares?

I understand that there might be a fee associated with buying and selling the shares but is it normal that there is an ongoing fee while I hold the shares? I'm not keen on an ongoing fee as I plan to keep the shares for a while and largely leave it sitting there (occasionally just monitoring how they are doing).

I've already read the page (http://www.moneysavingexpert.com/savings/cheap-online-sharedealing) but I'm still confused as to how to best go about this.

TIA

weenie15

With HL, if you hold the share within their Fund & Share account, there will be no ongoing fee. If you hold it within their SIPP or ISA, it will be subject to their 0.45% annual charge (capped at £200 for the SIPP, capped at £45 for the ISA).

Their share dealing charge to buy/sell is £11.95 per deal.

However, if you were to buy this share as a Regular Payment, you will only pay £1.50 for the purchase. (remember to cancel the regular payment after your purchase, otherwise you will purchase the shares again the following month!).

This is assuming that the share is one that is available to be purchased via Regular Payment as most FTSE UK shares are.

Remember that the Fund and Share account is not tax sheltered.