I want to buy some shares but how??

20 replies
Found 14th Feb 2009
I want to buy some shares - I have £300 and thought it might be worthwhile rather than a bank and I am prepared to lose it if worst comes to worse. Im good with maths and have done a lot of live play matched betting so am confident with numbers etc.

But how do I actually do this i.e. buy shares? I was looking at Lloyds share prices (at 61p now) on yahoo and there is a link that says for £9.95 through a company called Hargreaves Lansdown they can provide the service and all i need is a debit card.

Is the above a good service? Does anyone have any advice on how to do it and also where to look for upto date share prices, and information?

thanks all.

  1. Misc
Groups
  1. Misc
20 Comments

Send me the money and i will buy you the shares

Shares are bought from the company secretary, but most of the big companies hand over the duties of the company secretary to a specialist company, who act as company secretary for many firms at once.

Brokers such as Hargreaves Lansdown offer to mediate with the company secretary on your behalf, and charge you for doing so.

I would write to the company secretary of the company that you want to buy shares in, & they will let you know what to do - it may take longer but you may save having to pay a broker's fee. You can find out where to write to by looking up the company's details at Companies House.

huh? Write to a secretary? Why not use someone like selftrade? £12.50 per trade, job done.

Try here a good place to start.

money.co.uk/onl…htm

Link to top 10 share dealing companies.

Halifax, Lloyds, etc. All the major banks have share dealing services, just register and then ring them and tell them what you want to buy.

You can put money into share ISAs.

That may be a bit safer than buying actual shares.

Owning shares is a long term investment (5 years, 10 years that sort of thing)

Seems a long time to wait when investing only a few hundred pounds.

More on share ISAs here

fool.co.uk/You…spx

One other thing, you make money in shares in 2 ways

1) The share price goes up and you sell them
2) You get dividends.

As regards to 1 above, with the current state of the world economy putting money into ANY company is risky and shares are just as likely to go down in value.

As regards to 2 above, I used to own about £900 worth of shares in a company ( I worked for them) and my dividends were just a couple of pounds a quarter, hardly worth it.

Dont expect to get rich quick !

Your main worry should be the amount to invest and how. Try ]iii.co.uk and read some of the discussion forums to get an idea of a company you like. Dealing costs can take a large chunk of your investment, iii have several methods, but I would investigate a share ISA if you are a tax payer. This way you can add to it when you like and have the benefit of tax free investment..

hardly worth it for 300 quid tbh-if you are prepared to gamble on shares in the current economic climate you may as well stick it on a horse or 2.

barky;4377741

hardly worth it for 300 quid tbh-if you are prepared to gamble on shares … hardly worth it for 300 quid tbh-if you are prepared to gamble on shares in the current economic climate you may as well stick it on a horse or 2.



the current climate is the one of the best times ever to buy shares.buy a bailed out bank and you cant go wrong.

tdogg;4377869

the current climate is the one of the best times ever to buy shares.buy a … the current climate is the one of the best times ever to buy shares.buy a bailed out bank and you cant go wrong.



and when the government nationalises one or more of these banks as is going to happen with tsb and possibly rbs? if they compulsarily purchase the shares they will be worth zip-very risky.

barky;4377885

and when the government nationalises one or more of these banks as is … and when the government nationalises one or more of these banks as is going to happen with tsb and possibly rbs? if they compulsarily purchase the shares they will be worth zip-very risky.



barclays won't be nationilised and past its worst...famous last words!

if you want something safer go for pharmas...astrazeneca etc

id buy some RBS shares, cheap as chips now and bound to go up in a few years

I haven't read all the links in here but I would recommend getting yourself an on-line account where YOU can buy and sell shares at the drop of a hat.
You don't want to be reliant on someone else to sell the shares for you.

Hi
I have registered to purchase online shares through HSBC. Works fine for me and £300 is fine; hopefully you will make a profit. Good Luck!!

huh? Write to a secretary? Why not use someone like selftrade? £12.50 per … huh? Write to a secretary? Why not use someone like selftrade? £12.50 per trade, job done


All companies have a Company Secretary, whose job it is to maintain the shares. Why pay £12.50 to someone when, by writing a letter, you can avoid middle-man costs (& use the money saved to buy more shares)?

There is no legal obligation to use a broker, so why bother (unles you want to save on the hassle of writing a letter)? I deal direct with the companies' Company Secretaries & have saved myself a small fortune in trading costs.

I am relatively new to shares aswell, and i used hoodless brennan, they are the cheapest on the market, charging £8 per transaction. Best of luck

Banned

barky;4377885

and when the government nationalises one or more of these banks as is … and when the government nationalises one or more of these banks as is going to happen with tsb and possibly rbs? if they compulsarily purchase the shares they will be worth zip-very risky.



Agreed.

I had £30,000 in Railtrack shares in 2000...... and got under £3000 back when they stole the company!

Banned

but prepare they might not go up for a long time.
What may seem like a good time to invest may not actually be.
They dont have to increase in value.

I recently got into buying shares and use HSBC, ok not the cheapest per trade but they are handy for me as I have a HSBC account anyway.
IMHO, I would recommend Lloyds bank, I made a few quid out of RBS but have pulled my money from there now as I dont see their share price going up any time soon.
Lloyds on the other hand have recently dropped from 80p-£1 per share to currently 45p and are awaiting the signing of the insurance scheme. When this is signed, its expected that the shares will jump back up to a minimum of 70p but is expected that in a few months they will be back to £1.
How ever, this is just my opinion and share prices can go down as well as up.

Maybe watch last last night's Newsnight report (1st item I think) on their site. Interesting discussion about share prices, comparing trends with the great depression of the 1930's...
Post a comment
Avatar
@
    Text
    Top Discussions
    1. Add one, leave one game54415484
    2. 5 Letter Scrabble Game52522900
    3. spam regarding paypal22
    4. Which wall design do you like best?78

    See more discussions