Halifax sharedealer

Author
Discussion

antihero3000

Original Poster:

213 posts

184 months

Wednesday 25th March 2009
quotequote all
Afternoon.

I've always been fascinated by the financial markets and recently decided to set up an account and have a play. As I already have online banking with the Halifax I signed up for their sharedealing facility.

A mere two and a half weeks later rolleyes and its finally set up.

Does anyone have any input on good sites for do's and don'ts, company information, etc?


Fittster

20,120 posts

215 months

Wednesday 25th March 2009
quotequote all
I believe www.adfvn.com is very popular, although I find the layout horrible.

Murray993

1,515 posts

235 months

Wednesday 25th March 2009
quotequote all
antihero3000 said:
do's and don'ts
Do 1) research 2) Read the news 3) Only risk what you can afford

Dont 1) Trade when pissed 2) Buy becasue Frank at the pub said so 3) Listen to anyone on PH

antihero3000

Original Poster:

213 posts

184 months

Wednesday 25th March 2009
quotequote all
mickken said:
Fittster said:
I believe www.adfvn.com is very popular, although I find the layout horrible.
Not the best layout, but once you're used to it, I see no problem at all.

They're not the cheapest, but they do what they say on the tin. Fast, reliable and reptuable.
On first impressions i'd agree with the layout but i'll give it a shot.

Cheers.

minerva

756 posts

206 months

Wednesday 25th March 2009
quotequote all
iii.com is good. I also use the telegraph share page although it is not updated as frequently.
Also, in terms of prices up to the minute, rely on telephoning the company (Halifax) with whom you have the account.

antihero3000

Original Poster:

213 posts

184 months

Wednesday 25th March 2009
quotequote all
The sharedealer site does provide a reasonable overview of each stock and its performance on their research centre site.

I'm really looking for reputable sites that give good advice on strategy, types of stocks to buy/avoid/etc.

Presumably you would have to pay for membership to sites such as this?

ShadownINja

76,604 posts

284 months

Wednesday 25th March 2009
quotequote all
Murray993 said:
antihero3000 said:
do's and don'ts
Do 1) research 2) Read the news 3) Only risk what you can afford

Dont 1) Trade when pissed 2) Buy becasue Frank at the pub said so 3) Listen to anyone on PH
I'd go so far as to say "Don't trust anyone".

minerva

756 posts

206 months

Wednesday 25th March 2009
quotequote all
antihero3000 said:
The sharedealer site does provide a reasonable overview of each stock and its performance on their research centre site.

I'm really looking for reputable sites that give good advice on strategy, types of stocks to buy/avoid/etc.

Presumably you would have to pay for membership to sites such as this?
Common and easy mistake to make. No one will tell you which to buy or avoid. If they do, please take it with a pinch of salt. If I KNEW which was going to rise, do you think I would tell you?
Also, the only way in which you could KNOW (or, of course, think you knew) which was going to rise would be through inside information. This is pretty much always going to be illegal.
There are a few good sharedealer magazines,(interactive investor), but they are all fairly hit and miss. Look at the back of "the week" for average share tips and the performance of said shares. (always very poor) It goes to show how little anyone knows about the whole thing.
Warren Buffet is a good starting place. Read into what he did early in his career, because it served him well. Bare in mind, though, he has just lost $25 billion in the last year.
One thing that I realised early in my share dealing career, is that the people who make the money do so because people like me and thee pay them to invest for us.
If trying to make steady profit, get a wrap (James hay run a good one). If looking to have fun, just read into the companies and buy what you like the look of. (If you are prepared to purchase the product, then purchase the share).

ShadownINja

76,604 posts

284 months

Wednesday 25th March 2009
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minerva said:
One thing that I realised early in my share dealing career, is that the people who make the money do so because people like me and thee pay them to invest for us.
Best not look at your pension value, yet.

antihero3000

Original Poster:

213 posts

184 months

Thursday 26th March 2009
quotequote all
Thanks for the advice.

I'm not looking to make millions overnight, just hoping to have some fun and maybe make a few quid in the process.

I don't need specifics but how have you guys done in your trading career?

ShadownINja

76,604 posts

284 months

Thursday 26th March 2009
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Could be better. Not enough to live off. More profitable than most banks. hehe

antihero3000

Original Poster:

213 posts

184 months

Thursday 26th March 2009
quotequote all
laugh

Just made my first trade an hour ago. I'm up £14 quid after fees!

They sound like famous last words already don't they.