Bulk buying shares

EmilyG2010

DrSyn wrote: »

1. What exactly do you mean by "Bulk Buying"?

2. What size (£'s or number of shares) do you consider constitutes "bulk" anyway?

3. What is causing you concern about 'FSA reporting criteria' ?

PS. If you are trying to time the market or think of becoming a trader, both are ways of losing money rather than seeing it grow. Many newbies have found this out the hard way.

I'm not sure at all. I doubt FSA reporting criteria would apply to me as I'm just a small time investor... but wanted to check.

I bought 70 shares the other day and made £28 which gives a profit after dealing fees. So I thought if I bought 700 shares then I could make £280, when/if the market goes up.

EmilyG2010

eskbanker wrote: »

There won't be a single absolute figure of n million shares if that's what you're expecting, and in any case seriously large purchases are only possible if there enough sellers so natural market dynamics come into play, but frankly this is all completely irrelevant unless you have very deep pockets, so don't worry about it....

If it helps, most trading sites, including HL, will list daily trading volumes, so, for example, according to https://www.hl.co.uk/shares/shares-search-results/l/lloyds-banking-group-plc-ordinary-10p there were 180,755,944 Lloyds shares traded on Friday, totalling about £90m (about 0.25% of the group's share capital) on that one day. Do you see yourself as competing in that sort of territory?

Errm NO! Thanks for clarifying

EmilyG2010

[Deleted User] wrote:

Hi,


oops, , yes should've been £5000.


Are you sure no stamp duty on Aim dealings?

That's what HL told me...

londoninvestor

EmilyG2010 wrote: »

That's what HL told me...

That's right:
https://www.londonstockexchange.com/traders-and-brokers/private-investors/stampdutyexemption/stampdutyexemption.htm

From 28 April 2014, SDRT & Stamp Duty will no longer be chargeable on transactions in eligible securities on London Stock Exchange’s AIM and High Growth Segment. Purchases made by Private Investors in an eligible security will therefore be SDRT / Stamp Duty exempt.

Thrugelmir

Wider spread on AIM stocks. Can be difficult to trade in large volumes. If there's a thin market i.e. liquidity.

[Deleted User]

Hi,


since you are only buying small lots, I think HL will be expensive for dealing.


Have a look here while you build up to bulk buying.


You'll get a bit of chat here for AIM, click the Share Chat icon.

Bravepants

EmilyG2010 wrote: »

I'm not sure at all. I doubt FSA reporting criteria would apply to me as I'm just a small time investor... but wanted to check.

I bought 70 shares the other day and made £28 which gives a profit after dealing fees. So I thought if I bought 700 shares then I could make £280, when/if the market goes up.

How would you feel when/if the market went down and you lost £280?


Why not look into longer term investing in a multi-asset fund?

EmilyG2010

Bravepants wrote: »

How would you feel when/if the market went down and you lost £280?


Why not look into longer term investing in a multi-asset fund?

I figured I could wait till it goes up again?

I have a few multi asset funds through HL and feel like most profit there is eaten up in charges. Over the two years or so I've had them I have only gained about 4%

eskbanker

EmilyG2010 wrote: »

I figured I could wait till it goes up again?

And if it doesn't? Many shares, especially AIM ones, keep going down until they hit zero....

EmilyG2010 wrote: »

I have a few multi asset funds through HL and feel like most profit there is eaten up in charges. Over the two years or so I've had them I have only gained about 4%

Which multi-asset funds do you hold that have only achieved 4% over the last two years?

There are of course plenty of cheaper platforms than HL for holding funds, but even with HL's 0.45% fee, that's unlikely to be a game-changer if the investments themselves are poor choices.

AnotherJoe

EmilyG2010 wrote: »

I figured I could wait till it goes up again?
It doesn't work that way.


I have a few multi asset funds through HL and feel like most profit there is eaten up in charges. Over the two years or so I've had them I have only gained about 4%

Having rubbish funds isn't a good reason for highly risky dealing.
Get better funds.


Have a get together with your money and give it a good send off because you wont be seeing it much longer if you are day trading on AIM.