Simplest method to purchase £5k worth of shares as a one-off

007mse

Hi,
For some time I've considered purchasing some shares but never had the courage to actually go ahead and invest. I feel now may be the right time.
My aim is simple. I would like to invest £5000 in an one-off trade. The entire £5k's worth of investment will be with a single UK company's stock.
Once purchased, my aim is to leave it alone for 5 years before I look to cash-in and sell all the shares in one go. I anticipate the shares will be worth £10k at the 5 year mark.
With all said, what is the simplest and cheapest method to do this?
If a trading platform is required can someone please suggest a suitable one to meet my needs?
Thank you.

C_Mababejive

There are plenty of trading platforms. Whether its a good idea to spend £5k on a single stock is another matter.

My own personal view would be that you would be better off putting your 5k into a multi asset fund such as HSBC Global strategy ,,various flavours available,,i like the balanced ACC one. 

tacpot12

Putting all your eggs in one basket seems extremely risky. Investing in an active fund or investment trust with a professional investment manager gives you access to a great deal of expertise and knowledge. Even a passive fund would diversify the risk. 

Alistair31

Never invested before but going all in on a single company, good luck. 

What company ? 

Tiexen

I Use Hargreaves Lansdown for shares  https://www.hl.co.uk/

Around £12 per deal - note some will charge a fee to hold your shares

Start dealing in minutes

No charge to hold shares in our straightforward dealing account.
You can buy and sell shares in any HL account, and get started in minutes.
Once you have an account, dealing is easy. Log in, choose your shares, get a live price, and trade.
That’s it. We’ll confirm the price and charges and your shares will be held in your account.

Thrugelmir

Tiexen said:

I Use Hargreaves Lansdown for shares  https://www.hl.co.uk/

Around £12 per deal - note some will charge a fee to hold your shares

Start dealing in minutes

No charge to hold shares in our straightforward dealing account.
You can buy and sell shares in any HL account, and get started in minutes.
Once you have an account, dealing is easy. Log in, choose your shares, get a live price, and trade.
That’s it. We’ll confirm the price and charges and your shares will be held in your account.

Cheaper brokers are available. 

port_of_spain

007mse said:

I anticipate the shares will be worth £10k at the 5 year mark.

And if they were instead worth £0k, would you just shrug and say: Oh well, I lost that one. Never mind.

vitamin_joe

MSE has a page comparing some of the main brokers. Have a read through. If you're doing one trade, then the cost of trading isn't that important, but ongoing platform fees might be the thing to consider.  

pjread

Raises more questions than it asks really;

Why 1 company / 1 transaction?

What makes you expect +100% over 5 years?

Why would you sell in 5 years - is this aimed at paying a known future cost? 

Is this £5k an amount that matters to you, or is this a bit of fun/an experiment you can afford to lose? 

Personally I think the best suggestion without knowing more would be something like "it sounds like you're not very experienced, and you never know you might want to invest more in future - why not open a cheap ISA with someone like Vanguard and put your cash in a fund?" (e.g. LS80 or LS100, as I'm assuming your risk tolerance is fairly high, but still far 'safer' than punting on one individual share)

SFindlay

Alistair31 said:

Never invested before but going all in on a single company, good luck. 

What company ? 

First person to fall for the sales pitch!!!
Here we have a first time poster asking that question, just begging to lure people into asking what company and then inviting them to join him investing in this pot of gold!!! 

Alistair31

SFindlay said:

Alistair31 said:

Never invested before but going all in on a single company, good luck. 

What company ? 

First person to fall for the sales pitch!!!
Here we have a first time poster asking that question, just begging to lure people into asking what company and then inviting them to join him investing in this pot of gold!!! 

Nobody has managed to convince me on stock picking yet, a no-mark on an online forum has no chance. I was just curious.