Delete thread - query answered

4 replies
Found 11th May 2008

  1. Misc
  1. Misc

Right - before you start this don't forget it is very easy to lose money, and that a high street bank may be a better % annual yield.
It can be done online - but the companies that offer this will charge a service fee (Google StockTrade) so that will cut into any profit (especially if investing small amounts).
It's not a hobby, there is a tax free limit but capital gains tax eventually applies.
Of course there is but cheap shares are often cheap for a reason - the co isn't making much money, so why would they rise 10p? It's high risk. More well known companies tend to rise without a huge risk, but not as meteorically. You might ve stuck with shares for a decade before you see a decent return. If you don't have that sort of capital to tie up it probably isn't for you.

Original Poster

hmmm ok so what your saying is id make more money putting it in a bank

No idea off the top of my head - at a guess somewhere around 5k.
£500 really won't go very far due to brokerage fees so you'd be hard pushed to make a decent profit compared to leaving it in an ISA.

Original Poster

oh ok cheers :thumbsup:

onto next idea - big issue anyone

will jsut wipe the thread now

man i should get a job
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