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Share Dealing Discussion Area
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Sorry for asking this, must seem a stupid question, but how do you trade online. Do you pay at the end of the trading month, or do you pay each time you trade.
If the former, it would seem that as long as you buy and sell before the end of the month, you need not have any money!
Is this correct, or am I thick.
Its depend on on your trade if u bought t3 or to t10 .What it means you do not pay for trade untill 3 working days or 10 days if T10 settlement.but if you have to have cash in account clear on that day or you will be charge interest .0 -
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Truly.Yours wrote: »I am considering buying a certain number of shares. (possibly Lloyds TSB)
I want to buy about £100 worth of shares, and keep them in the long term.
I am a student at the moment, and would like to have something to put in my 'porfolio' as i hear being menstioned here on the forums.
I have read the article, and think commison based would be best.
What would be advised?
Thanks
EDIT: Hoodless Brennan seem to be at the forefront. Are they still the cheapest, i.e £8 for buying shares?
Have you looked at a share builder account halifax or iii not live trade but if your only investing a small amount and maybe adding to in time might be a idea trades only £1.500 -
Just a quick question regarding shares, say if I was to buy some shares using iii, would I always have to use iii to sell/monitor them?
Can I 'move' them elsewhere? Say for example to Hoodless Brennan later?0 -
You own the shares if not the certificate so you can transfer the nominee account elsewhere and many companies would cover any fees associated with that0
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sabretoothtigger wrote: »You own the shares if not the certificate so you can transfer the nominee account elsewhere and many companies would cover any fees associated with that
Say £8 a trade again?
EDIT: Thanks for replying.0 -
Only through my own experience and it may be very wrong generally, but when I went from a trading account to a self invested ISA, I had to sell my shares then buy them again. This was even although I was staying with the same firm (the share centre). I dont know if this is the norm though.0
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Thats because its an isa I think, you can get a certificate for a fee without selling and so on
Depends on the company truly but many would make sure you pay zero costs0 -
scotsman4th wrote: »Only through my own experience and it may be very wrong generally, but when I went from a trading account to a self invested ISA, I had to sell my shares then buy them again. This was even although I was staying with the same firm (the share centre). I dont know if this is the norm though.
You cannot transfer investments in to an ISA (you must sell and re-buy) due to tax reg's.
Re Truly.Yours tranferring to another provider; you are likely to find the broker will charge £10 for each transfer (investment holding).Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0
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