Online trading, broker or stock ISA?

raminahmadi

Hi,
I'm new in investment, I want to buy some shares but got confused by varies options available!
Some apps offer no-fee transactions and you can buy and sell with 0% commision like Trading 212, eToro etc.
Some of them charge you at least £3 for buying or selling like IG, Saxo, Fineco etc.
Some people suggest opening an stock ISA which you need to pay fees monthly or annually and I'm not sure how you can buy or sell shares in their platform!!
I am so confused and I don't know what is the best, easiest and cheapest way of buying and selling shares!
Consider that I'm not a professional or daily trader, I just want to start, learn and get better over time and get profit and also keep the value of money from inflation.

MaxiRobriguez

Probably a better use of your time to work out what you want to invest for, how long until you need to access the money and then choosing the correct vehicle (which might not be any of what you listed) before choosing funds or individual stocks suited to your needs. There's plenty of threads in this forum guiding novices with subject titles that make it clear that's what the thread is about - definitely worth seeking some of them out.

raminahmadi

MaxiRobriguez said:

Probably a better use of your time to work out what you want to invest for, how long until you need to access the money and then choosing the correct vehicle (which might not be any of what you listed) before choosing funds or individual stocks suited to your needs. There's plenty of threads in this forum guiding novices with subject titles that make it clear that's what the thread is about - definitely worth seeking some of them out.

As I'm single, I end of with lot of saving each month, and I won't need it for at least 2 or 3 years from now, I want to invest because I need more money to buy a flat/house and like most people I want to gain more money for a better life. so what you're saying is that non of those I listed above is suitable for me?

Albermarle

I'm new in investment, I want to buy some shares

For the large  majority of investors , buying individual shares is not the best investment strategy ( too risky) . Better to invest in funds or similar that contain large numbers of different shares and other  financial products

Some people suggest opening an stock ISA which you need to pay fees monthly or annually and I'm not sure how you can buy or sell shares in their platform!!

https://www.hl.co.uk/how-to/buy-shares

Linton

2-3 years is too short a timeframe for investing.  There is a reasonable chance that you will lose rather than gain. 5 years is considered an absolute minimum, and even then within a year you would be well advised to start moving into cash.  So I suggest you think about a timeframe of perhaps 10 years.

eskbanker

raminahmadi said:
I need more money to buy a flat/house

If this will be your first then open a Lifetime ISA to benefit from the 25% government bonus, but stick to the cash variant if you'll be buying within, say, five years.

maxsteam

I'm new in investment, I want to buy some shares but got confused by varies options available!

Some apps offer no-fee transactions and you can buy and sell with 0% commision like Trading 212, eToro etc.
Some of them charge you at least £3 for buying or selling like IG, Saxo, Fineco etc.
Some people suggest opening an stock ISA which you need to pay fees monthly or annually and I'm not sure how you can buy or sell shares in their platform!!
I am so confused and I don't know what is the best, easiest and cheapest way of buying and selling shares!
Consider that I'm not a professional or daily trader, I just want to start, learn and get better over time and get profit and also keep the value of money from inflation.

The easiest way to get started is to open an account, deposit £100, buy a few shares in your favorite FTSE company, hold them for a year, then look at what has happened and learn as you go on. Your £100 might be worth more or less after 12 months. There is no guarantee of profits or beating inflation. It's probably not worth using an ISA for £100. A large company will employ several hundred thousand people whose job is to make the company more valuable and some years they succeed, some years they don't. However successful a company is, you should notice that the value of their shares fluctuates every day, sometimes for no good reason. I would add Degiro to your list of brokers to investigate but I would recommend that you avoid Saxo as their platform is unreliable. On many platforms it is economical to invest £100. If you hear a story about a mining company that has just discovered new ore deposits or a pharmaceutical's company who are about to launch a revolutionary new medicine, or an unknown small company that is about to double in size, then you should ignore any further stories from the same source.

barnstar2077

eskbanker said:

raminahmadi said:
I need more money to buy a flat/house

If this will be your first then open a Lifetime ISA to benefit from the 25% government bonus, but stick to the cash variant if you'll be buying within, say, five years.

Hopefully the OP did as eskbanker suggested and opened a LISA for their house deposit. 

maxsteam

Albermarle said:

I'm new in investment, I want to buy some shares

For the large  majority of investors , buying individual shares is not the best investment strategy ( too risky) . Better to invest in funds or similar that contain large numbers of different shares and other  financial products

Some people suggest opening an stock ISA which you need to pay fees monthly or annually and I'm not sure how you can buy or sell shares in their platform!!

I strongly believe that, if someone wants to buy some shares, then they should be encouraged to do so. It's sensible for the first share purchase to be a small amount invested in a large company.
Anyone who is not sure how to buy and sell shares on the HL platform can open a demo account to experiment and learn with "pretend" money.

coyrls

maxsteam said:

Albermarle said:

I'm new in investment, I want to buy some shares

For the large  majority of investors , buying individual shares is not the best investment strategy ( too risky) . Better to invest in funds or similar that contain large numbers of different shares and other  financial products

Some people suggest opening an stock ISA which you need to pay fees monthly or annually and I'm not sure how you can buy or sell shares in their platform!!

I strongly believe that, if someone wants to buy some shares, then they should be encouraged to do so.

Do you have any reasons for that belief, or is it just a belief?