Cheapest platform to buy shares of a certain company and just leave them-passive

28052005
28052005 Posts: 2 Newbie
in Savings & investments
Hi

I have a few k (4-5) that I would like to use to buy shares of a certain company and leave it for the next 18-24 months. Given the fees of various platforms which one would be the cheapest to use?

Comments

  • Glen_Clark
    Glen_Clark Posts: 4,397 Forumite
    See Best Buy page of the website you are on - link :)
    “It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair
  • colsten
    colsten Posts: 17,597 Forumite
    First Anniversary Photogenic Name Dropper First Post
    I would use Monevator to find the best broker http://monevator.com/compare-uk-cheapest-online-brokers/. I also wouldn't buy shares but would use funds instead.
  • lpgm
    lpgm Posts: 355 Forumite
    First Anniversary Combo Breaker First Post
    28052005 wrote: »
    Cheapest platform to buy shares of a certain company and just leave them-passive

    Just so you know, buying shares in one particular company isn't, in investment speak, 'passive'.
  • snowqueen555
    snowqueen555 Posts: 1,521 Forumite
    Name Dropper First Anniversary Combo Breaker First Post
    degiro is very cheap, you will find it hard to beat.
  • Majestic12
    Majestic12 Posts: 142 Forumite
    Just for shares:

    x-o

    £5.95 per trade.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Name Dropper First Post First Anniversary
    snowqueen555 wrote: »
    degiro is very cheap, you will find it hard to beat.

    Not uk regulated though?
  • Tom99
    Tom99 Posts: 5,371 Forumite
    First Post First Anniversary
    Halifax, then use regular trader to do a one off purchase for £2. No admin or holding fee if outside an ISA.
  • george4064
    george4064 Posts: 2,811 Forumite
    First Anniversary Photogenic Name Dropper First Post
    colsten wrote: »
    I would use Monevator to find the best broker http://monevator.com/compare-uk-cheapest-online-brokers/. I also wouldn't buy shares but would use funds instead.

    What he said.
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2021 - #027 £15,268 (76%)
  • jimjames
    jimjames Posts: 17,611 Forumite
    Photogenic Name Dropper First Anniversary First Post
    28052005 wrote: »
    Hi

    I have a few k (4-5) that I would like to use to buy shares of a certain company and leave it for the next 18-24 months. Given the fees of various platforms which one would be the cheapest to use?

    Aside from the previous comments 18-24 months isn't a very long time to hold investments, you should normally be looking at 5-10 years. Also companies might need a bit more monitoring to consider any issues - examples would be Provident or Tesco recently.

    But I use iWeb and at £5 per trade you can't really get much cheaper.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • Eco_Miser
    Eco_Miser Posts: 4,708 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    jimjames wrote: »
    But I use iWeb and at £5 per trade you can't really get much cheaper.
    Except the OP apparently only want to make a single buy and a single sell, in which case the £25 to join Iweb far exceeds the £1.90 x-o's transaction fees exceed iweb's.
    Eco Miser
    Saving money for well over half a century
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.2K Work, Benefits & Business
  • 608K Mortgages, Homes & Bills
  • 173K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards