One-off Purchase of Shares in a Specific Company

Malthusian

drumlinruby wrote: »

If it turns out to be the wrong decision we have agreed to cover the losses so they do not miss out.

Why not just make the right decision?

The letter of wishes has no legal force and following it sounds likely to be a breach of your statutory duty as trustee. While it is unclear what exactly it has specified, it appears to be a recklessly conservative allocation that would not be how a prudent person of business would invest their own money over a 15-18 year timeframe.

bluedom

Freetrade is a great app based way of buying specific stocks. ETFs are also available.

Read up on the fees, but they're limited. Initial trades are free. If the company you want to invest in is listed on Freetrade, it would be the easiest way to invest £2k in shares.

eskbanker

Lungboy wrote: »

IDontHaveAUserName wrote: »

If you don't want to share that publicly, send me a PM and I'll look it up.

This seems like a potentially bad idea, I'd suggest the OP keep everything in the open to avoid potential for scamming.

I'd go one step further and suggest that OP would probably be best to ignore everything that IDontHaveAClue has posted!

LobsterMemory

Malthusian wrote: »

it appears to be a recklessly conservative allocation

Alternatively, as we don't know what's going in the ISAs, it could be an insanely risky punt...

drumlinruby

Thanks. We have taken extensive professional advice. We are quite happy the investments we have put in place more than fulfills our duties as Trustees. We fully understand that a letter of wishes is purely that... a wish!! Not legally binding. One such suggestion was invest in a racehorse & "enjoy a jolly good day out"...this we will be ignoring!! The post was just about the best way of completing the transactions. Thanks again to everyone for taking the time to reply.

Malthusian

drumlinruby wrote: »

Thanks. We have taken extensive professional advice.

Now that we've been allowed that new information, I'm very surprised they didn't recommend a suitable platform that would have enabled you to buy the shares and hold them with all the other investments.