New to buying shares

HokeyCokey_3 · 25 July 2007 at 1:00PM

Hi

I have signed up to the Motley Fool sharebuilder scheme and plan to buy roughly £50 worth of shares every month. The commission is £1.50, however because I am new to this, I am a little unsure whether this means I can buy shares in more than one company. For example, if I bought £25's worth of shares in two companies on one dealing day ...would I still only have to pay £1.50 or would the total be £3. (Can't find anything on their site)

Also, when i tried to place a deal, it said I would have to pay stamp duty. Only 25p, but I hadn't read about that. Now I am wondering if there will be any other unexpected costs when I sell them.

Just after some general advice or a link to some general advice about buying and selling.

Thanks

doccer1967 · 25 July 2007 at 1:33PM

i think you will find that it is 1.50 per trade - this means that you will have to pay £3. You are always going to have to pay stamp duty. Also your 1.50 may only be to buy them, if you sell you may have to pay the full trade price (£10). These share builder things are really designed to build a portfolio, also they invest at the same time on particulkar days. I have something similar to this with iii.

HokeyCokey_3 · 25 July 2007 at 1:40PM

doccer1967 wrote: »

i think you will find that it is 1.50 per trade - this means that you will have to pay £3. You are always going to have to pay stamp duty. Also your 1.50 may only be to buy them, if you sell you may have to pay the full trade price (£10). These share builder things are really designed to build a portfolio, also they invest at the same time on particulkar days. I have something similar to this with iii.

Thanks for replying doccer. Is the stamp duty set at 25p per trade or does it go up? Also is stamp duty paid when selling shares too?

Thanks