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http://www.x404.co.uk/forum/viewtopic.php?f=3&t=1065		 Page 1 of 1
Author:  DaftFunk [ Sat Jun 06, 2009 9:09 am ]
Post subject:  Shares
anyone deal in shares?

I was thinking about having a bash in a month or two, but on a very small scale more as a hobby. Which brokers are good? any other advice?
Author:  dogbert10 [ Sat Jun 06, 2009 9:20 am ]
Post subject:  Re: Shares
I do on odd occasions, but I don't use a broker. I opened a share dealing account with Lloyds TSB - it costs £15 for every transaction (which is about average). If you use a broker, expect to pay more.

The other thing is, unless you (a) invest a lot or (b) find stocks that increase a lot in value, you won't make much in the way of profit.
Author:  DaftFunk [ Sat Jun 06, 2009 10:08 am ]
Post subject:  Re: Shares
I know I won't make much or anything at all it's just something I wanted to dabble in.

I've seen Halifax do a similar thing for small investments but I'm not keen on the monthly subscription £20pm
Author:  dogbert10 [ Sat Jun 06, 2009 10:22 am ]
Post subject:  Re: Shares
There are some (like LloydsTSB) that only charge you when you buy/sell - Google for "share dealing" and look at the main banks to see what they offer. If it's only going to be an occasional thing, steer clear of the subscription ones.
Author:  DaftFunk [ Sat Jun 06, 2009 10:34 am ]
Post subject:  Re: Shares
What about this one from NatWest

Quote:
Monthly portfolio builder
Invest a small amount each month

If you like the idea of putting a small amount, each month, into stocks, shares and investments then read on.

* Choose up to 10 stocks and/or funds in which you wish to invest each month
* Invest from a minimum of £25 in shares and/or £50 in unit trusts per month
* No tie-in - you can stop and start payments at any time
* Buy shares for just £1.50 per transaction and funds at zero commission although subject to a Fund Manager charge
* Select from over 1,000 funds at our Fund Supermarket, many of which are available at no initial charge
* No administration charges on either the Monthly Portfolio Builder Account or the Monthly Portfolio Builder ISA
* Invest in UK Equities on the FTSE 350 share index, any UK-Listed Exchange Traded Funds (ETF) or fund (Unit Trusts and OEICs)
* Fund supermarket, which features funds from leading investment houses at specially reduced fees (some as low as 0%)
* Your choice of investments is purchased, automatically, on a specified day each month
* Flexible - deposit one-off payments whenever you like
* Sell your shares at a time and price that suits you, for just £15 per trade
* Your shares are held electronically, on your behalf, in a Nominee account, so no need to worry about paperwork or share certificates
* No nominee administration fee on the Monthly Portfolio Builder
* No ISA administration fee on the Monthly Portfolio Builder ISA, regardless of account valuations
Author:  dogbert10 [ Sat Jun 06, 2009 2:27 pm ]
Post subject:  Re: Shares
The only thing I don't like about these things is that you have no control over when the shares are bought and for how much. The account I have allows me to buy shares exactly when I want to, so if I see the share price drop suddenly I can take advantage there and then. I guess the low transaction price kind of makes up for the fact that you may not be buying at the best time.
Author:  F_A_F [ Sat Jun 06, 2009 2:43 pm ]
Post subject:  Re: Shares
Is there nothing you can do through your place of work? I work for the Umeco group and they sell shares in themselves to staff at a decent rate. Lloyds TSB coincidentally also have a great staff share scheme. The benefit is that once you've bought them, you don't have to rely on your work to trade them. You get the certificates etc, and you can deal with them however you like.

If you can do something like that it could be a fun starter for ten. At least you won't have to trade throuhg Lloyds etc until you have made enough profit to cover your intial £15 charge :)
Author:  trigen_killer [ Sat Jun 06, 2009 2:53 pm ]
Post subject:  Re: Shares
My wife and I have dabbled in shares but have both won and lost. On balance, I would say that we are up, but not by a whole hell of a lot. You do have to be very careful- and I mean very careful. You can't go by anything other than instinct.

We bought Vodafone shares a good while back at £1.16 when all the press pointed towards them heading towards the stars. They reached about £1.36 each and the message was still "buy, buy, buy" and they never went far at the time.

The chances are that we will hit it big soon as global markets pick up and NOW is a great time to be buying while prices are low but be very, VERY careful. Be prepared to tie money up for a long period if the shares don't do well and be prepared to lose most, if not all of an investment if the company goes belly up.

I don't know what their charges are like now, but iweb sharedealing used to be £10 a transaction and you can manage everything online, crediting or transferring money from your account over the net.

https://share-dealing.iwebsharedealing. ... ealing.asp
Author:  DaftFunk [ Sat Jun 06, 2009 5:11 pm ]
Post subject:  Re: Shares
Hmmmm good advice, I'm out of a job at the moment I have a new job starting at the end of June. It's a good thing I never took up the companies offer of buying shares as they went under.

It looks as if I'll go down the route of the higher charge to have more control.
Author:  koli [ Sat Jun 06, 2009 7:52 pm ]
Post subject:  Re: Shares
DaftFunk wrote:
on a very small scale more as a hobby.


I think there are hobbies that are much cheaper and more fun than dealing shares :lol:
If you are looking to invest try:
http://www.hoodlessbrennan.com/products ... e-trading/

But to be honest I think that fact that you have to ask for broker suggests that share dealing is not for you. Make sure you do plenty of research before you start.
Author:  mars-bar-man [ Sat Jun 06, 2009 9:12 pm ]
Post subject:  Re: Shares
I think I have shares..... :?

I get something from HBOS or Halifax or something, says I have like 140ish shares....I really haven't a clue, my Grandad bought them AGES ago when I was like 5, then gave them to me on my 18th, what they do, I haven't the slightest....I just like opening the letters when they come through...makes me feel special xD
Author:  dogbert10 [ Sun Jun 07, 2009 9:52 am ]
Post subject:  Re: Shares
If they are shares, you should be receiving dividend cheques from the company every year. If not, then they may not be shares, or they may not have been transferred to you. Do you have the share certificate?
Author:  stu_1701 [ Sun Jun 07, 2009 5:09 pm ]
Post subject:  Re: Shares
dogbert10 wrote:
If they are shares, you should be receiving dividend cheques from the company every year.


Surely that's only if they're preference shares? Otherwise they aren't obliged to pay you a dividend... :?
Author:  dogbert10 [ Sun Jun 07, 2009 7:53 pm ]
Post subject:  Re: Shares
stu_1701 wrote:
dogbert10 wrote:
If they are shares, you should be receiving dividend cheques from the company every year.


Surely that's only if they're preference shares? Otherwise they aren't obliged to pay you a dividend... :?


Nope - dividends are paid to all shareholders in a company. Preference shares just mean that you have preferential treatment when the annual dividend is distributed. They also have a fixed value so you don't benefit if the company's profits increase. It also means that you get money first if the company is wound up.
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