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First Timer - buying shares
SueA
Posts: 19 Forumite
Hello. I have absolutely no experience of buying shares. I was issued some from my employment in a nationalised industry which was privatised back in the 1990s. Have kept them and enjoy the dividends. With a bit of spare cash from not-spending, I thought I'd like to buy some in one of my favourite places (Wetherspoons!!) - just for the fun of thinking "I own a bit of this" when I go in for a meal. It would be a one-off, just a cash purchase. Where's the best place to start please?
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Buying individual shares as an investment generally requires a decent amount of research into the companies you choose, but if it's just for a bit of fun with money you're happy to lose then that's a lower bar (no pun intended).
Most mainstream platforms will charge for dealing and/or custody but in circumstances like this you might be just as well going to one like Freetrade....0 -
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SueA said:Hello. I have absolutely no experience of buying shares. I was issued some from my employment in a nationalised industry which was privatised back in the 1990s. Have kept them and enjoy the dividends. With a bit of spare cash from not-spending, I thought I'd like to buy some in one of my favourite places (Wetherspoons!!) - just for the fun of thinking "I own a bit of this" when I go in for a meal. It would be a one-off, just a cash purchase. Where's the best place to start please?You could open a SIPP and purchase here? Are you thinking a few hundred or a few thousand ££s worth?
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An HL SIPP would be one of the more expensive places to buy and hold a small number of shares. The annual fees are capped at £200 but at 0.45% pa this only kicks in at £44,444 which I suspect is somewhat above the level that the OP is considering
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