Online share stock brokers
Discussion
I have been considering setting up an online share account that will let me buy shares, currencies and commodities etc. I have never done this before and every time I view one I am completely lost with all the abbreviations and jargon. Can anyone recommend one that is fairly user friendly and aimed towards the 'amateur investor'. Thanks.
Thanks for taking the time to respond, I really appreciate your help!!
Google doesn't provide advice on such matters which is why I asked the question on this usually very helpful forum?? I thought it would save me from having to search through the hundreds of hits a google search brings up (and there just the dodgy ones).
Google doesn't provide advice on such matters which is why I asked the question on this usually very helpful forum?? I thought it would save me from having to search through the hundreds of hits a google search brings up (and there just the dodgy ones).
Well perhaps start with the largest and best known companies and work back from there until you find a price point/service to suit??
Does your bank offer online dealing for example??
If you're going to be doing any investing then you might as well get used to putting some time into your own research as relying on others is usually a recipe for disaster.
Good Luck
P.S. If you are baffled by all the "jargon" then really you shouldn't even be going there btw
Does your bank offer online dealing for example??
If you're going to be doing any investing then you might as well get used to putting some time into your own research as relying on others is usually a recipe for disaster.
Good Luck
P.S. If you are baffled by all the "jargon" then really you shouldn't even be going there btw
DoubleSix said:
P.S. If you are baffled by all the "jargon" then really you shouldn't even be going there btw
I tend to agree; it is a stupendously complicated area. Every time I go anywhere anything to do with shares my brain explodes. For example, I bought some once and they seem to have disappeared. I inherited some and get besieged with post about A shares, B shares, Scrip issues, dividends, dollars and christ knows what else. You would think you could just buy some shares at £x, then sell at £y. Nope.Simpo Two said:
DoubleSix said:
P.S. If you are baffled by all the "jargon" then really you shouldn't even be going there btw
I tend to agree; it is a stupendously complicated area. Every time I go anywhere anything to do with shares my brain explodes. For example, I bought some once and they seem to have disappeared. I inherited some and get besieged with post about A shares, B shares, Scrip issues, dividends, dollars and christ knows what else. You would think you could just buy some shares at £x, then sell at £y. Nope.
that's you speaking as a guy that struggled to apply for the country's most basic credit card.I've got a Barclays trading share account and it's as simple as a simple thing.
ked - when I tried again a few days later it worked first time.
Thanks for the advice guys. I do find some of the jargon confusing but it is usually the abbreviations that some sites I have viewed use. I will have a look at a few more sites and if I don't understand them, I'll carry on earning my 1.5% interest p.a.!
I would rather risk loosing money through my own mistakes than from those of others. My wife took out a 10 year investment plan with the dreaded Pearl about 15 years ago and when it matured 5 years ago she had lost £500. I looked in to it for her and found that Pearl invested mainly in currency (the pound was at £1/$2.02 the month the policy matured). Property (the housing market was at its most expensive the month the policy matured, and the month the bubble burst) and the FTSE amongst others (the FTSE was at around 3000p at the start of her investment and around 6000p at the end of her policy. I wrote to them with these figures and asked how she didnt make a killing over the 10 year period on her investment when everything had gone perfectly in her favour.
They simply said she should be grateful to only loose £500!!
I would rather risk loosing money through my own mistakes than from those of others. My wife took out a 10 year investment plan with the dreaded Pearl about 15 years ago and when it matured 5 years ago she had lost £500. I looked in to it for her and found that Pearl invested mainly in currency (the pound was at £1/$2.02 the month the policy matured). Property (the housing market was at its most expensive the month the policy matured, and the month the bubble burst) and the FTSE amongst others (the FTSE was at around 3000p at the start of her investment and around 6000p at the end of her policy. I wrote to them with these figures and asked how she didnt make a killing over the 10 year period on her investment when everything had gone perfectly in her favour.
They simply said she should be grateful to only loose £500!!
quattrophenia said:
I wrote to them with these figures and asked how she didnt make a killing over the 10 year period on her investment when everything had gone perfectly in her favour.
It would be interesting to know how how much went on charges over the period. I suspect that's where a lot of the growth went.Gassing Station | Business | Top of Page | What's New | My Stuff