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  • FIRST POST
    • eloy7
    • By eloy7 13th Jan 19, 7:08 PM
    • 81Posts
    • 7Thanks
    eloy7
    Don't banks like trading on share dealing?
    • #1
    • 13th Jan 19, 7:08 PM
    Don't banks like trading on share dealing? 13th Jan 19 at 7:08 PM
    Since banks make money by the commission on each deal, I assumed that banks and brokers like you to buy and sell shares, instead of holding.

    Directly quoting from HSBC

    "To access your money, you can sell your shares at any time however you should aim to invest for at least 5 years"
    https://personal.hsbc.co.uk/investments/products-and-services/invest-direct/

    This implies that they prefer you to hold your shares and avoid buying/selling (e.g., selling a share and buying another one regularly).

    Did I misread?
Page 1
    • zx81
    • By zx81 13th Jan 19, 7:15 PM
    • 20,131 Posts
    • 21,478 Thanks
    zx81
    • #2
    • 13th Jan 19, 7:15 PM
    • #2
    • 13th Jan 19, 7:15 PM
    You didn't mis-read, but perhaps took the wrong implication.

    They're suggesting that share dealing isn't a quick in and out deal.
    • dunstonh
    • By dunstonh 13th Jan 19, 7:25 PM
    • 96,442 Posts
    • 64,333 Thanks
    dunstonh
    • #3
    • 13th Jan 19, 7:25 PM
    • #3
    • 13th Jan 19, 7:25 PM
    Standard investment risk warning. A regulatory expectation when it comes to investing.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • Thrugelmir
    • By Thrugelmir 13th Jan 19, 7:28 PM
    • 61,600 Posts
    • 54,828 Thanks
    Thrugelmir
    • #4
    • 13th Jan 19, 7:28 PM
    • #4
    • 13th Jan 19, 7:28 PM
    Commission generated from share trading forms a very small part of a banks total revenue. Be inappropriate for any financial institution to encourage people to trade shares frequently. A sure way of customers losing money.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
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