Buying shares quickly

[timskipper]

Afternoon all

I want to buy some shares, like right now. But I have no share dealing accounts anywhere. Can someone recommend a process/website/dealer/broker etc that could do this?

Or will I have to jump through a load of FSA proof of who I am guff before being allowed to invest?

Tim

[limpsfield]

timskipper said:

Afternoon all

I want to buy some shares, like right now. But I have no share dealing accounts anywhere. Can someone recommend a process/website/dealer/broker etc that could do this?

Or will I have to jump through a load of FSA proof of who I am guff before being allowed to invest?

Tim

try your bank

[timskipper]

Good call. NatWest online share dealing, up and running in 5 mins. I've put it all on black (that's right isn't it, I'm new at this)

[limpsfield]

timskipper said:

Good call. NatWest online share dealing, up and running in 5 mins. I've put it all on black (that's right isn't it, I'm new at this)

so what were you in such a hurry to buy?

[timskipper]

I had a cheeky punt on Aviva, following their st news today. Although by the time I had sorted out the trading account the price had gone up 10p!

It's been in the low 200s a couple of times before and always gone back up into 3 and almost 4 quid. Worth a try I think.

[TimCrighton]

Ouch, you've got to be regretting that this morning! But its a hold so I'm sure they'll come back

[timskipper]

I bought at 209 currently 167ish so yes I'm smarting today, but I wasn't looking for a quick win.

I remember when these were £11 !

[g4ry13]

Wow...you bought just before the weekend. Rookie mistake. Keep an eye out on Sunday papers.

[JonX2C]

g4ry13 said:

Wow...you bought just before the weekend. Rookie mistake. Keep an eye out on Sunday papers.

Ditto!

Analyst would of known about the results quite a bit in advance due to speculation, this is the best time to go in , not just as results are announced.

Never a good plan

[limpsfield]

JonX2C said:

g4ry13 said:

Wow...you bought just before the weekend. Rookie mistake. Keep an eye out on Sunday papers.

Ditto!

Analyst would of known about the results quite a bit in advance due to speculation, this is the best time to go in , not just as results are announced.

Never a good plan

Guys, can you let me have your crystal ball when you have finished with it

[g4ry13]

limpsfield said:

JonX2C said:

g4ry13 said:

Wow...you bought just before the weekend. Rookie mistake. Keep an eye out on Sunday papers.

Ditto!

Analyst would of known about the results quite a bit in advance due to speculation, this is the best time to go in , not just as results are announced.

Never a good plan

Guys, can you let me have your crystal ball when you have finished with it

What's the problem? I don't see why you quoted me. Everyone knows buying shares just before the weekend is a mug's game as you have to hold over the weekend and on Sundays big stories can break and you can't do anything about it till monday. Of course you can be on the right side of it - but either way you're taking on greater risk and for some people it's something they try to avoid.

[limpsfield]

g4ry13 said:

What's the problem? I don't see why you quoted me. Everyone knows buying shares just before the weekend is a mug's game as you have to hold over the weekend and on Sundays big stories can break and you can't do anything about it till monday. Of course you can be on the right side of it - but either way you're taking on greater risk and for some people it's something they try to avoid.

I have a cunning plan. The government should close the stock market on a Friday. No more weekend effect.

I should be chancellor me.

Edited by limpsfield on Friday 6th March 17:05

[g4ry13]

limpsfield said:

g4ry13 said:

What's the problem? I don't see why you quoted me. Everyone knows buying shares just before the weekend is a mug's game as you have to hold over the weekend and on Sundays big stories can break and you can't do anything about it till monday. Of course you can be on the right side of it - but either way you're taking on greater risk and for some people it's something they try to avoid.

I have a cunning plan. The government should close the stock market on a Friday. No more weekend effect.

I should be chancellor me.

Edited by limpsfield on Friday 6th March 17:05

Surely the solution is to just leave it open 7 days/week?

[limpsfield]

limpsfield said:

g4ry13 said:

What's the problem? I don't see why you quoted me. Everyone knows buying shares just before the weekend is a mug's game as you have to hold over the weekend and on Sundays big stories can break and you can't do anything about it till monday. Of course you can be on the right side of it - but either way you're taking on greater risk and for some people it's something they try to avoid.

I have a cunning plan. The government should close the stock market on a Friday. No more weekend effect.

I should be chancellor me.

Edited by limpsfield on Friday 6th March 17:05

Actually to be serious, the one thing that really winds me up about the various threads to do with investing or trading is all the experts who come out of the woodwork who because they once bought 50 quids worth of Barclays or did a binary on gold to get the free money at 5:30 suddenly think they are Soros.

Comments like "Everyone knows buying shares just before the weekend is a mug's game.." are just tosh.


And I personally thought that both posters were indulging in a bout of "tut tut you amateur" after the fact when the person was clearly under water on his investment. Which I thought was a tad out of order.

But as a market expert I will leave you with a top tip from Mark Twain on the right time to buy shares. have a good weekend whetehr you own Aviva or not.

“October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”

[timskipper]

limpsfield said:

And I personally thought that both posters were indulging in a bout of "tut tut you amateur" after the fact when the person was clearly under water on his investment. Which I thought was a tad out of order.

Yes I thought that too, but since it's just play money I'm not overly bothered. And I still think I'll be on the right side long term.

Every day is an education

[g4ry13]

limpsfield said:

limpsfield said:

g4ry13 said:

What's the problem? I don't see why you quoted me. Everyone knows buying shares just before the weekend is a mug's game as you have to hold over the weekend and on Sundays big stories can break and you can't do anything about it till monday. Of course you can be on the right side of it - but either way you're taking on greater risk and for some people it's something they try to avoid.

I have a cunning plan. The government should close the stock market on a Friday. No more weekend effect.

I should be chancellor me.

Edited by limpsfield on Friday 6th March 17:05

Actually to be serious, the one thing that really winds me up about the various threads to do with investing or trading is all the experts who come out of the woodwork who because they once bought 50 quids worth of Barclays or did a binary on gold to get the free money at 5:30 suddenly think they are Soros.

Comments like "Everyone knows buying shares just before the weekend is a mug's game.." are just tosh.


And I personally thought that both posters were indulging in a bout of "tut tut you amateur" after the fact when the person was clearly under water on his investment. Which I thought was a tad out of order.

But as a market expert I will leave you with a top tip from Mark Twain on the right time to buy shares. have a good weekend whetehr you own Aviva or not.

“October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”

I'm not making fun of him - i'm giving him a piece of advice. Buying shares before the weekend = rookie mistake. It might work, it might not - that's not in his hands now. But avoid doing it in future unless you know something will happen over the weekend. More advice than you've offered here i'm afraid. Anyway - we know who you work for and you're no trader.

[limpsfield]

ok

[limpsfield]

the amateur is up 7% today

[g4ry13]

limpsfield said:

the amateur is up 7% today

You don't get it do you? It's not about being right or wrong in this particular instance - it's about repeating this behaviour in the long run. It's not a good move unless you know something good can come of the weekend. Otherwise in this bearish sentiment and with lots of breaking business stories over the sunday it's not a risk worth taking.

Ok, so it's up 7% today - big deal, could lose it by the afternoon or tomorrow and he still needs a much bigger rise to break-even but I digress, my point is to you and not the OP.

[limpsfield]

g4ry13 said:

limpsfield said:

the amateur is up 7% today

You don't get it do you? It's not about being right or wrong in this particular instance - it's about repeating this behaviour in the long run.

That was quick. Now personally, I would go nowhere near stocks at the moment with a barge pole - the Nikkei hit a 26 year low, the FTSE today has briefly moved to near fresh 6 year lows today and US markets are at 12 year lows. And financial stocks are basket cases for now.

But the point I was making is the futility - not aimed at you - of pithy quotes like don't buy ahead of a weekend/there's more buying than selling/it can't go any lower than net asset value etc/ gold always does this at 5:30/you can't lose money with bricks and mortar etc. etc