Buying Shares

Tom99

MaxiRobriguez wrote: »

Where can you get transaction fees of £2 for a single transaction?

Halifax one off regular investment. You choose an upcoming date, there are 4 a month and you have to place the order at least the day before.
You can sell a share or ETF on the £3.95 cheap dealing day once a month.
Sale of a fund is always £12.95

C_Mababejive

Losing money is not fun.. IMHO

klew356

so whats the best thing to do with 500 quid – if you are wanting to make a bit of money off it?

MaxiRobriguez

klew356 wrote: »

so whats the best thing to do with 500 quid – if you are wanting to make a bit of money off it?

Regular saver on such a small amount is in my opinion the best combination of generating a decent profit without subjecting it to capital risk. For those wanting to take risk to generate bigger returns, global index tracker and forget about it for a few years.

capital0ne

Degiro £1.77 per trade https://www.degiro.co.uk/fees/compare-brokers/

I've used them for ages - no problems

seacaitch

klew356 wrote: »

so whats the best thing to do with 500 quid – if you are wanting to make a bit of money off it?

Put it towards the cost of gaining additional skills or accreditations that will (hopefully) enable you to raise your personal "earnings power" over the rest of your working life.

melbury

I went through a phase of investing in cheap penny shares years ago, you know hoping to hit the jackpot if one of them really took off.

It was a total waste of time - all of them either went broke or consolidated the shares (some more than once) so I ended with next to nothing. From my perspective it was a complete waste of time and money

stphnstevey

Number of free commission sites such as Free trade

Although I am not recommending this, the commission costs (one of the biggest cost on such a small amount) would be significantly reduced

You would also be able to diversify maybe over several different companies shares to spread your risk, as no commission per company invested in as with the major more well known brokers. If not currently, there was talk of fractional shares. Beware FX charges if hoping invest in foreign shares. They also only have access small amount of different shares, check before setup

You would have to consider the stability of the broker, so possibly trading one risk for another. But Freetrade are FSCS protected, which possibly could give you the peace of mind to use

bowlhead99

melbury wrote: »

I went through a phase of investing in cheap penny shares years ago, you know hoping to hit the jackpot if one of them really took off.

It was a total waste of time - all of them either went broke or consolidated the shares (some more than once) so I ended with next to nothing. From my perspective it was a complete waste of time and money

Really what you got for your money was entertainment value - the fun / hobby aspect of researching the stocks and then watching them bobble up and down before eventually collapsing.

If the OP is looking at punting £500 on some long shot, the fact that spending £20 on stamp duty and round-trip dealing costs is inefficient is not the primary concern; it's the fact that the £500 might easily collapse into £0-50 before it gets close to £750. If someone is willing to take a gamble on such a game of chance, because they find it more intriguing than a night at the casino, who are we to argue.

If the stake invested in a random company is £500 there will be a potential huge range of returns before it actually 'wins' or 'loses' - spending 5% on transaction costs would be a a lot on a 'proper' investment, but whether the full £500 or only £480 really gets invested on the single-company stock, the eventual result will be broadly the same in the grand scheme of things.

capital0ne

Tom99 wrote: »

Halifax one off regular investment. You choose an upcoming date, there are 4 a month and you have to place the order at least the day before.
You can sell a share or ETF on the £3.95 cheap dealing day once a month.

I use Halifax for a few investments - I've never seen this once a month £3.95 selling option, where exactly is it, and yes I buy using the regular investment option on my Sharebuilder account
TIA