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Don't banks like trading on share dealing?
eloy7
Posts: 116 Forumite
Since banks make money by the commission on each deal, I assumed that banks and brokers like you to buy and sell shares, instead of holding.
Directly quoting from HSBC
"To access your money, you can sell your shares at any time – however you should aim to invest for at least 5 years"
https://personal.hsbc.co.uk/investments/products-and-services/invest-direct/
This implies that they prefer you to hold your shares and avoid buying/selling (e.g., selling a share and buying another one regularly).
Did I misread?
Directly quoting from HSBC
"To access your money, you can sell your shares at any time – however you should aim to invest for at least 5 years"
https://personal.hsbc.co.uk/investments/products-and-services/invest-direct/
This implies that they prefer you to hold your shares and avoid buying/selling (e.g., selling a share and buying another one regularly).
Did I misread?
0
Comments
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You didn't mis-read, but perhaps took the wrong implication.
They're suggesting that share dealing isn't a quick in and out deal.0 -
Standard investment risk warning. A regulatory expectation when it comes to investing.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Commission generated from share trading forms a very small part of a banks total revenue. Be inappropriate for any financial institution to encourage people to trade shares frequently. A sure way of customers losing money.0
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