What is a low price online share dealing service to buy US stocks? Am in UK.

dee100

I'm sick and disabled, retirement age next year. No savings to speak of. Thinking of buying 1 share a month to protect for my future and against inflation....in:
Google 
Microsoft
Apple
Berkshire Hathaway
Amazon
Want to do this cheaply.
Does this sound like a good plan? Buying some silver bullion too for food when banks crash.....I expect a stock market crash within 2 years...

masonic

Why not just buy a global index fund? The biggest holdings would line up with those choices and you'd get a lot more diversification. For small amounts, something like Freetrade or Trading212 might be the best option.

Which food retailers do you think will start accepting silver bullion?

dee100

Actually, the dollar will probably crash in next few months...where would that leave me?

masonic

dee100 said:

Actually, the dollar will probably crash in next few months...where would that leave me?

In an alternate reality.

adindas

dee100 said:

I'm sick and disabled, retirement age next year. No savings to speak of. Thinking of buying 1 share a month to protect for my future and against inflation....in:
Google 
Microsoft
Apple
Berkshire Hathaway
Amazon
Want to do this cheaply.
Does this sound like a good plan? Buying some silver bullion too for food when banks crash.....I expect a stock market crash within 2 years...

Generally it is not a good idea to invest in individual stocks before learning how to value a stock, learn when to buy and when to sell. Another option is to buy an Index which holds the stocks you mention above. Example S&P500. You could get for instance Vanguards S&P500 ETFs (VUSA). Some people do both S&P500 for long term holding and individual stocks to buy low and sell high.

Regarding a low price online share dealing service to buy US stocks, ETFs for UK residence under the tax wrappers, are Trading212 (not available for new customers, but you could be put on waiting list). Another one is FreeTrade, or InvestEngine

dee100 said:

Actually, the dollar will probably crash in next few months...where would that leave me?

This is subject to other discussions. The exchange rate go both ways. But if you only buy a US stock it makes more sense if you have an USD investment account. But the problem here is that this will also mean it will exclude you to contain it under the tax wrapper. If you do not need a tax Wrapper eToro is better as you could have a USD account and zero fee for share dealing.

eskbanker

dee100 said:

I'm sick and disabled, retirement age next year. No savings to speak of. Thinking of buying 1 share a month to protect for my future and against inflation....in:
Google 
Microsoft
Apple
Berkshire Hathaway
Amazon
Want to do this cheaply.
Does this sound like a good plan? Buying some silver bullion too for food when banks crash.....I expect a stock market crash within 2 years...

If you don't have any savings but have some surplus income that you're thinking of investing, then you'd be better building up an emergency fund of savings instead - it can't realistically be protected against inflation but potential losses from equities could be significantly worse.

Paying into a pension such as a SIPP may offer tax advantages, even if left uninvested.

msallen

dee100 said:

Thinking of buying 1 share a month to protect for my future and against inflation

I expect a stock market crash within 2 years...

Which begs the question - why?

bd10

I get the impression OP is more concerned about inflation protection than equity investments for the longer term, rather to use equities and silver as a means to hedge cash losing its value.

The companies mentioned are by and large growth stocks, Berkshire aside. That style of stocks is likely to perform less well in inflationary times. Instead of trying to keep up with inflation, I would consider a wealth protection fund. These fund managers are fully aware of the inflationary cycle in which we find ourselves and allocate fund capital accordingly across many asset classes to diversify and capture inflation uplift. Personally, I would outsource the inflation challenge to them. In fact, I have done so myself. Funds such as Personal Assets, Ruffer and Capital Gearing have plenty of interesting material on their websites, esp. AGM presentations, their market and inflation outlook, what their strategy, etc. This is not a recommendation or sales pitch. Buying into such wealth protection funds is likely to be even cheaper as you increase your diversification, they are UK listed and fund managers buying US stocks or say precious metals, their costs are vastly lower compared to us, the retail public.

[Deleted User]

@dee100 do you have some concrete numbers we can work with? e.g. Income, expenses, how much pension you will receive when you retire etc. And also what are your goals? Perhaps people can offer solutions that don't involve investing in a stock market that you expect to collapse, and buying metal that probably won't be much use when trying to exchange for oats and rice.

callum9999

I know this sounds flippant, but if you expect the stock markets, banks and currency to all crash in 2 years time - to the extent you need to barter with precious metals - there's no point doing anything at all. The economy as we know it will be obliterated (and even with silver, you're not going to be able to buy food).

On the assumption you're exaggerating, as others have already said, you're better off investing in funds to mitigate your risk of losses if you aren't already very good at choosing investments. Google for example has dropped 25% in the last year - more than you would have lost to inflation in the bank. (EDIT: For those unfamiliar with investing, this isn't necessarily a bad thing as in the long run it's likely to go back up - but if you're already at retirement age, you may need to sell the investment to provide income before that point and so make a loss)

If your situation allows you may also be better off "investing in yourself". E.g. If you live in a suitable house you can invest in solar panels etc to ensure you have electricity (but demand is obviously huge now, and if prices drop back to normal levels again in a couple of years then pay off time may be too long for you), or you may be able to get subsidised insulation/better boiler etc. 

dee100

Thanks so much for all your kind comments...am a bit confused now...
I'm sure the banks, stock market, US dollar will all crash. within 2 years. likely  sooner, leading to a Great  Deperession...want to work with this being a correct forecast...
My income will radically decrease in March when I lose sickness benefits at age 66...I overspend and go to my rent money to get through the  month. 
From this month, I have cut down on some things, so as to buy silver bars/coins....wish I could save for gold coins/bars but just find it hard to save. I receive more then enough to save....thought of just  buying gold silver each month before I overspend...but Warren Buffet says gold doesn't do anything, shares are better...
I hope this makes sense.
I should have £300 a month to invest in my future, till March...