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

badger09

Leaving aside whether this is a good idea or not
Article here:
https://www.moneysavingexpert.com/savings/cheap-online-sharedealing/

Albermarle

To be honest , I am pretty sure the OP is the same first time poster, who must keep registering under new names ,  who regularly asks one slightly off the wall question
 and then never replies. e.g 
https://forums.moneysavingexpert.com/discussion/6128256/whos-going-to-do-well/p1
https://forums.moneysavingexpert.com/discussion/6128835/is-it-a-good-time#latest
https://forums.moneysavingexpert.com/discussion/6127131/where-do-i-put-500-000
https://forums.moneysavingexpert.com/discussion/6126793/best-safe-investments/p1

007mse

Thanks all for your comments. Some were even concerned for my leap of faith - thanks!
To the last post, nope, they're weren't me. I'm a first time poster with a genuine question.
Without giving the stock away, I will say it is a UK bank. Looking at the past 10 years I just cannot see it failing to increase 100% over the next five years.
I feel it is a very safe bet.
Lansdown Hargreaves looks like the route to follow. I will have a read to understand the specific trade method to make.
All I wonder now is if the worst has occurred already or if it is likely to dip again.
Thanks.

eskbanker

007mse said:

Without giving the stock away, I will say it is a UK bank.

If it's a UK bank, you probably wouldn't be able to give the stock away at the moment....

kev2009

I recently signed up to Hargreaves & Lansdown and made a *small* share purchase in 1 stock.  It went up slightly over last week or 2 and now its almost dropped to what i bought them at but looking at last 5 years or longer, the price is very low and even based on the intrinsic value, if it were to go to that, i would make a few quid, not double my money but it would be reasonable, based on the small investment.  Anyway, I found H&l to be very easy so far, has there own research o some stocks and also gives indicative broker guide i.e strong purchase/sell but that's a independent view, not H&ls view.  Easy to add money to account, appears instantly and ready to use for me.  I've not sold any yet so can't comment on the withdrawal/selling yet but so far, so good.  its £11.95 to buy and to sell with no ongoing charges and you can keep money in the share dealing account if you wish so your ready when you want to purchase, i believe they effectively put it in a bank somewhere but your instantly able to use it.
When you buy, i got a notification and i also got a email with PDF to download and keep of transaction/shares and its available on the website to download too.
I missed out on the last crash on the stock market so figured, i'd have a go this time as most stocks are down and when they recover, should be a next extra few quick, just s shame wont have the large sums i see some people buying.. and selling
Kev

Username999

007mse said:

All I wonder now is if the worst has occurred already or if it is likely to dip again.
Thanks.

RBS, LLOY, BARC could all easily fall >50% from where they are at present.
With the current volatility they are excellent for traders  
IMHO

port_of_spain

It's always Lloyds Bank, isn't it? (To the OP: don't feel obliged to answer this question.)

That a share has once been at a higher price is not a strong reason to think it will go back to the same price. It might. It might not. It certainly doesn't have to do it on an arbitrary 5-year timetable. And some other shares, which have never before been at twice their current price, will get to double their current price.

I was quite serious in asking whether you could just shrug it off if you lost all the money you invested. Any individual company share can become worthless. You may be thinking that the Government wouldn't stand by while a high street bank went of business altogether. And that's almost certainly correct. But in a bad situation, the current shares in a bank could become worthless, and all the new shares in it could end up being owned by whoever put in the capital needed to keep it going (which might be the Government itself, or "bailed in" bondholders, or somebody else). So don't make a punt like this unless you're prepared to lose the lot.

There are also more sensible ways to invest, which spread your money across large numbers of companies' shares, so there's no realistic chance of losing the lot. And that also might double your money — eventually, anyway: you'd be very lucky if it happened after only 5 years, though it's not impossible.

kev2009

really? lloyds seems pretty low already compared to RBS and BARC... i'd have thought LLOY couldn't really go too much low? Agree that Barc & RBS could fall lower.
Kev

kev2009

I recall in 2008 crash i think Barc got to 50 or 55p and i was tempted to purchase some but i thought the price was bit too low that they may fold so i held up, then few months later they were much higher and i kicked myself for not taking a chance...
Kev

eskbanker

007mse said:

Lansdown Hargreaves

kev2009 said:

Hargreaves & Lansdown

The company name is Hargreaves Lansdown - it may seem pedantic but it's not a good omen for the due diligence capabilities of current and/or future investors in individual equities if they can't even get the name of the well-known leading platform right!