Share Dealing Discussion Area

clairenw

Hi

What would be my best option if I want to invest small amounts, probably up to a total of £1k over the year. I haven't made use of my non-cash ISA allowance, and don't really understand how this works. Does it mean that I wouldn't pay tax? And how do you pay tax anyway? Is it all done automatically through the share trading sites or would I have to declare my income?

Thanks

krissy08

New investor Help please
Hello,
I am a novice at this and merely wanted to dabble in the waters so bought £450 worth of HBOS shares when the shares fell sharply last year. I bought them through the share centre. After the lloys take over, I opted to hold on to the lloyds shares.I have just got a statement which shows my current number of lloyds shares at 167 and the share price of 79.2p with a value priced at £132.26.
It then says "net cash value at 5/4/09 £5.70, this it seems is a fee I have to pay the share centre. I have paid a fee of £1.29 previously. Why do I have to keep paying the share centre fees and can I get rid of them? I thought once I bought the shares, they would be mine without any fees unless I was selling. These are the only investments of this type I have got, the fees seem high especially as I haven't got much shares anyway.
Any advice would be highly appreciated.
Many thanks

Rolandtheroadie

I'm with the share centre too. To buy the shares through them, you've probably set up some kind of account (probably in your T&C's). I'd advise emailling them as whenever I have in the past, they've always been very helpful and get back to you quickly.

jfpeeps

Can I post a share and ask opinions? I am not ramping anything! I just want opinons (not recomendations) before buy...

sabretoothtigger

Go for it, I will vote bearish sight unseen

spartacus101

krissy08 wrote: »

New investor Help please
Hello,
I am a novice at this and merely wanted to dabble in the waters so bought £450 worth of HBOS shares when the shares fell sharply last year. I bought them through the share centre. After the lloys take over, I opted to hold on to the lloyds shares.I have just got a statement which shows my current number of lloyds shares at 167 and the share price of 79.2p with a value priced at £132.26.
It then says "net cash value at 5/4/09 £5.70, this it seems is a fee I have to pay the share centre. I have paid a fee of £1.29 previously. Why do I have to keep paying the share centre fees and can I get rid of them? I thought once I bought the shares, they would be mine without any fees unless I was selling. These are the only investments of this type I have got, the fees seem high especially as I haven't got much shares anyway.
Any advice would be highly appreciated.
Many thanks

The "net cash value" is the residual amount the Share Centre holds in a "cash" account for you. This could be from dividends, or if you funded your account with say £500, and then bought £495 worth of shares, it leaves a credit balance which is your "net cash value" - basically what you have left to spend on shares or withdraw to your regular bank account.

With the Share Centre you pay them a quarterly fee to hold your shares (they don't issue individual share certificates). Again, this fee will be deducted from the dividends earned or the balance in your "cash" account, so essentially, if you don't fund this cash aspect of your account with them it could end up with a negative balance (you won't get fees or charges, but you will have to correct it at some point or they'll take it from the proceeds of sale should you come to sell the shares).

jfpeeps

London Capital Group (LCG)

I was just going through small cap companies and really liked this one, but before I buy I would like to know if anyone has any opinions, it is a smallish firm but all the fundementals and info seem good, however I am new to this and am looking for the big downside I have missed! (This is a request for opinions on this share only, I am investing only a small amount and can afford to loose it etc...)
Thanks!

krissy08

Thank you very much spartacus. In your opinion, is share centre a good place to hold shares while paying this quarterly fee or do I have any options of moving on with my shares?

Diversified

I've done my fair share of buying and selling shares (in their various forms!) and I found the share centre to be pretty good - they make things quite simple, and I would imagine they're quite good for the layman. I've used a few brokers over the years, and things vary. Sometimes, its also worth paying a bit more for a better service. Hargreaves landsdown are quite solid, no problems and quite competent. Others, less so (the less said about barclays, the better!).

Does anyone have any good tips for the long term? I was looking at the banks - surely they've got to be a good bet longer term? I'm wondering which is the strongest (perhaps barclays, ironically?)

ballasunni

I'm currently looking at Central African Mining (CFM). They look like having some potential!