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So, I want to buy some shares, how do I do it?

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Quote Me Happy



Joined: 15 Jan 2005
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PostPosted: 17:30 - 13 Sep 2016    Post subject: So, I want to buy some shares, how do I do it? Reply with quote
BCF, there's a company I with to invest in but never had any dealings with share buying, how do I do it and which broker (is that the right term?) do I go with?

Cheers
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grr666
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PostPosted: 17:34 - 13 Sep 2016    Post subject: Reply with quote
Assuming UK based company.
You could do worse than Barclays.

https://www.barclaysstockbrokers.co.uk/investments/Stocks-and-Shares/Pages/how-to-buy-shares-online.aspx

Saying that my wife deals with our non physical investments. She has the first(hons) in economics and business finance,
not me. Embarassed I look after the bricks and mortar. Thumbs Up
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Last edited by grr666 on 17:42 - 13 Sep 2016; edited 1 time in total
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M.C
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PostPosted: 17:35 - 13 Sep 2016    Post subject: Reply with quote
Stratton Oakmont

https://cdn.images.express.co.uk/img/dynamic/36/590x/Leonardo-DiCaprio-in-Wolf-of-Wall-Street-691981.jpg
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Ste
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PostPosted: 17:38 - 13 Sep 2016    Post subject: Reply with quote
Invest in BCF.

What could possibly go wrong?

Mr. Green
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dodsi
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PostPosted: 17:40 - 13 Sep 2016    Post subject: Reply with quote
XE.com have the lowest transaction fees (you pay when you buy and when you sell)

Fairly basic website but it has everything you need.

Beware aforementioned fees cut vastly into profits so it's only really worth dealing in 4 figure sums minimum.

If you have any more specific questions, I am happy to answer.
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.....
Quote Me Happy



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PostPosted: 17:46 - 13 Sep 2016    Post subject: Reply with quote
I'm looking to invest a four-figure lump sum for a couple of years or so in one company. I suppose I need an account with no inactivity fee?
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J4mes
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PostPosted: 18:13 - 13 Sep 2016    Post subject: Reply with quote
Premium bonds?
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dodsi
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PostPosted: 18:50 - 13 Sep 2016    Post subject: Reply with quote
Joe wrote:
I'm looking to invest a four-figure lump sum for a couple of years or so in one company. I suppose I need an account with no inactivity fee?


So, you need a share dealing account- after my research I found xe.com to be the best value.

You can get accounts with your bank etc but with many of these brokerage type services there can be fees. I stuck with simple fees to buy and to sell.

Some accounts offer discounts when you begin to trade multiple times in a given time period. If you are not making a lot of trades then it goes without saying that these types of accounts are not for you.

Once you have gone through the sign up process with your share dealing account and you are approved etc then you are ready to go.

Find which stock market that your chosen investment company trades on and make note of the stock code.

Then you will place your order - note you have bought nothing yet. Your order will state a maximum purchase price per share and quantity (monetary or actual no shares). Once you have confirmed your order goes off and is dealt with by a broker and you will be notified when the shares are purchased and all details of the transaction. At this point and only this point have you become Warren buffett.

The share certificates will be held electronically by your brokerage firm.

Note if you are using someone like XE.com then they are execution only and just run from your commands only and offer no advice - they only have tracking / trending tools to show how much you are or are not making.

When you want to sell, you put your instruction in to sell with minimum sale price and wait for confirmation and price you get per share.

You can set tolerences along the way so they will act within these tolerances.

Stay away from penny type stocks. Very boom or bust
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Azoth
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PostPosted: 18:51 - 13 Sep 2016    Post subject: Reply with quote
Four-figure lump sum? I don't see how it could work out after commission/broker fees. Not sure what your attitude to risk is, but I would be surprised if it's what you want. Have you considered ETFs instead:

https://www.investopedia.com/terms/e/etf.asp

Less exposure to a single company or market or sector, much lower fees, much easier to assess risk.
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Rogerborg
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PostPosted: 19:49 - 13 Sep 2016    Post subject: Reply with quote
Tawny wrote:
Four-figure lump sum? I don't see how it could work out after commission/broker fees.

I suspect Joe may know a man who knows a man who has the inside scoop.
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Pigeon
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PostPosted: 20:03 - 13 Sep 2016    Post subject: Reply with quote
Hargreaves & Lansdown

The Share Centre

Been a while since I used them, but they were good (preferred TSC).

Check the deal fees and other fees such as inactivity.



EDIT:
Had an eTrade account too, but can't see the UK version any more.

Last edited by Pigeon on 20:05 - 13 Sep 2016; edited 1 time in total
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Derivative
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PostPosted: 20:03 - 13 Sep 2016    Post subject: Reply with quote
CGT allowance is 11K. If you expect them to rise by more than that, use an ISA, otherwise you'll have to pay tax on the gain on disposal.

I haven't been keeping up lately, but dividend tax used to be a concern. It looks like there is now a (seemingly obscenely high) allowance of 5K in dividend income. You probably don't need to worry about that.

Consider that a 10 quid fee each way on 1000 is a 2% loss before anything happens.
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PostPosted: 20:48 - 13 Sep 2016    Post subject: Reply with quote
Pigeon wrote:
Hargreaves & Lansdown


Done Thumbs Up
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Rogerborg
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PostPosted: 15:53 - 14 Sep 2016    Post subject: Reply with quote
Vifferguy wrote:
I hear Tesla could be a good long term investment.

My understanding is that they're surviving on subsidies and borrowed money while hoping for the boys in the lab to make a breakthrough.

I hear there's an EU military forming, so I'd gamble on blackout curtains and bayonets.
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M.C
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PostPosted: 18:52 - 14 Sep 2016    Post subject: Reply with quote
Dunno why you would to get involved in the fictitious world of shares/the stock market. The world would be an infinitely better place without them.
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Pigeon
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PostPosted: 19:21 - 14 Sep 2016    Post subject: Reply with quote
M.C wrote:
Dunno why you would to get involved in the fictitious world of shares/the stock market. The world would be an infinitely better place without them.


You have to be an incredibly strong swimmer to go against a rip tide.
A poor analogy, but best I can do Smile

For the last 50 years there has been a war on cash that has accelerated massively in the last 10.

That thing about boiling a frog alive, you can do it if you bring the water up slowly, do it quickly and the bugger notices and jumps out.
The blatant and continuous manipulation of markets is now so painfully obvious. Asset inflation is the only game in town, literally anything other than cash!

Over a long enough timeline, everything goes to zero. But when the game is rigged so extensively, and the can continuously being kicked further down the road, you'd be a brave person to bet against the system.


Good luck Joe Thumbs Up
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MarJay
But it's British!



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PostPosted: 23:32 - 14 Sep 2016    Post subject: Reply with quote
I use Etrade, but I soley trade in US based shares. Fees are high, so I only cash out when I have to and I get options with my current job which means I tend to only stick to one companies stock.

It is worth pointing out though that insider trading is taken very seriously, so consider yourself warned!
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M.C
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PostPosted: 00:29 - 15 Sep 2016    Post subject: Reply with quote
MarJay wrote:

It is worth pointing out though that insider trading is taken very seriously, so consider yourself warned!

So seriously it still goes on. Maybe I'm being overly judgmental scum but it seems like the best way to deal in shares would be from inside, and then you'd be gambling with other peoples money.

I work with someone (who's a bit of an idiot) who lost 5k. I know someone else who sold their house and lost a lot more.
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Major Doss
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PostPosted: 01:30 - 15 Sep 2016    Post subject: Reply with quote
Winter is coming, spunk it all on RainPal.
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BillyJ
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PostPosted: 10:28 - 15 Sep 2016    Post subject: Reply with quote
A few I know are:

https://selftrade.co.uk/our-services/our-products/dealing-account
https://www.share.com/
https://www.idealing.com/en/help/services_and_prices
https://www.hl.co.uk/shares/share-dealing
https://www.sharescope.co.uk/
https://www.tddirectinvesting.co.uk/
https://www.iii.co.uk/
https://www.getstocks.com/

Just make sure you always check their charges before opening an account Thumbs Up
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dydey90
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PostPosted: 14:16 - 16 Sep 2016    Post subject: Reply with quote
M.C wrote:
I work with someone (who's a bit of an idiot) who lost 5k. I know someone else who sold their house and lost a lot more.


On the other side of the coin, I used to work with quite a few people who remortgaged their houses and took out as much credit as they could to buy shares in Powergen when the CEGB was privatised.
At the time I knew them, one of them was advised by his accountant that he needed to get shut of £30k for tax purposes, which he dealt with by purchasing a Merc SLK.

...And then there were the people (at the same place) who would buy £50 worth of penny shares in platinum mines in Kenya. Reasoning they could afford to lose £50, but they'd be rich if the mine actually found some platinum.

Personally, I'd rather go with the platinum mines over big business.
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MarJay
But it's British!



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PostPosted: 19:09 - 16 Sep 2016    Post subject: Reply with quote
M.C wrote:
So seriously it still goes on. Maybe I'm being overly judgmental scum but it seems like the best way to deal in shares would be from inside, and then you'd be gambling with other peoples money.

I work with someone (who's a bit of an idiot) who lost 5k. I know someone else who sold their house and lost a lot more.


Do you know what insider trading actually is?
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Val
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PostPosted: 02:10 - 17 Sep 2016    Post subject: Reply with quote
Interactive Investor: https://www.iii.co.uk/

Enjoy Thumbs Up
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