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Minimum Bank Share Purchase

  • 09-10-2008 10:26am
    #1
    chazwazza
    Closed Accounts Posts: 27 ✭


    Hi,

    CAn any one help me? I am trying to find out what the general rule for minimum bank share purchase is and how to go about it.

    THanks


Comments

  • #2
    rockal
    Registered Users, Registered Users 2 Posts: 757 ✭✭✭rockal


    Technically you can buy just one share of anything, depending on the liquidity of the relevant market. The relevant factor is the Brokers commission charge, which would make any such purchase very costly.


  • #3
    silliegillie
    Registered Users, Registered Users 2 Posts: 156 ✭✭silliegillie


    I was thinking something similar myself. Is there any website that you can go onto and purchase stocks and sell them. Im sure that this would be run by a broker. But lets say for argument rather than putting 5 euro on a horse I by share of 5 euro in some business.(Maybe this is too small just an eg), And then 3 days later if I have made a profit I can sell and at this point Im sure the Web site would take their commision.

    Is there such a thing ? Is there a market for such a site. Or is the whole stockmarket too complicated and only really for people with large investments to look at. I too am really a novie on this.


  • #4
    dotsman
    Registered Users, Registered Users 2 Posts: 3,636 ✭✭✭dotsman


    I'm afraid €5 would be way too small. There are plenty of online brokers, some operating here (such as AIB internet banking/Goodbody etc), others operating globally and open to Irish customers (such as internaxx).

    However, with all brokers they charge you a commission on a trade. That's no problem in itself, it's the fact that most commissions will be a minimum of, say, €30, means that it would cost you €35 just to but a share worth €5!

    To be honest, you should be looking at a minimum of €1,000 to make the commission negligible.


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