Best vehicle to buying shares privately.

Best vehicle to buying shares privately.

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Discussion

Bomber Denton

Original Poster:

8,759 posts

269 months

Tuesday 13th July 2010
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I wish to purchase an amount of shares, low monetary value, last time I did this through my bank, is this the best way?

Cheers, Corin

oilydan

2,030 posts

272 months

Tuesday 13th July 2010
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I opened an account on-line with Jarvis: http://www.x-o.co.uk/

5.95 per trade.

Careful though....Mrs oilydan has so far lost me nearly 50 pounds furious

Do you have a hot tip as to how I might get it back thumbup


Stu R

21,410 posts

216 months

Tuesday 13th July 2010
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I'd use an online share account. I've used the bank quite a few times, but the charges tend to be a bit higher ( I think I pay about 15 a trade if I use the bank, or 9 quid if I use my share account).

Somewhere like moneysupermarket will have a comparison you can look at. X-O are about the cheapest I know of.

sinizter

3,348 posts

187 months

Tuesday 13th July 2010
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Through share trading firms where brokerage fees will be lower.

Pommygranite

14,275 posts

217 months

Thursday 15th July 2010
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oilydan said:
I opened an account on-line with Jarvis: http://www.x-o.co.uk/

5.95 per trade.

Careful though....Mrs oilydan has so far lost me nearly 50 pounds furious

Do you have a hot tip as to how I might get it back thumbup
She can work it off on my hot tip...


getmecoat

Bomber Denton

Original Poster:

8,759 posts

269 months

Thursday 15th July 2010
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Thanks for the help!

threesixty

2,068 posts

204 months

Thursday 15th July 2010
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Anyone use HSBC?

Im in the process of signing up to use their system (its taking a while since I have to setup internet banking as well). Just wondering If anyone has had any note worthy experiences with them.

They charge £12.95 that lows if you're a frequent user though.

The main reason we're using them is because they already hold the money and they have a physical presence, Im slightly nervous about using a company I've never encountered anywhere but online for this amount of money.


limpsfield

5,896 posts

254 months

Thursday 15th July 2010
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threesixty said:
Anyone use HSBC?
Yes I use First direct which is the same - I pay £11 and I think for the occasional purchaser of shares, like me, going with the bank is always the less hassle route as long as the commissions are not obscene

prand

5,916 posts

197 months

Thursday 15th July 2010
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I have a halifax Halifax shareb dealign account. I have also registered for their sharebuilder account.

There are restrictions, but you can buy for £1.50 a purchase. This is restricted to certain dates a month, adn UK equities only but it's worth looking at if you only want to purchase on-off or small amounts, or set up regular monthly purchases as part of a personal share saving/purchase scheme.

You can still purchase at £11.50 commission for buying and tax as part of the normal Share dealign account. £5 for selling is charged at all times.