Query about buying small amount of shares / how to?

kizzabel

Hi all,

I wish to buy some share - only a small amount initially 5 shares with a view to buying some more in the future.
The only reason I want to buy these shares is for the benefits of a shareholders club attached to the company.
I am utterly clueless as regards shares / share buying.

Where would you recommend I buy them from?
BOI are a no go and AIB seems to be a bit of a painful route to head down?
I might need to be walked through the whole process so I will apologise in advance for my complete ignorance

christeb

kizzabel wrote: »

Hi all,

I wish to buy some share - only a small amount initially 5 shares with a view to buying some more in the future.
The only reason I want to buy these shares is for the benefits of a shareholders club attached to the company.
I am utterly clueless as regards shares / share buying.

Where would you recommend I buy them from?
BOI are a no go and AIB seems to be a bit of a painful route to head down?
I might need to be walked through the whole process so I will apologise in advance for my complete ignorance

Brokerage charges for such a transaction would likely make any trade not worth your while, unless the share is of a massive value e.g. GOOG or Berkshire Hathaway.

kizzabel

It is worth my while.
I need 5 shares for shareholders club membership.
I need to know what company is most straight forward to go through as BOI no longer offer share accounts and AIB seems like a lot of bother.

Raskolnikov

I'm a bit confused, are you talking about buying 5 shares in 1 company, or 1 share in 5 companies? To be honest, doing either is just going to be a waste of money. Since transaction costs are quite high (TD Waterhouse let you buy or sell for €20 a time), you really need to be spending €1,000 minimum each time you make a trade.

christeb

kizzabel wrote: »

It is worth my while.
I need 5 shares for shareholders club membership.
I need to know what company is most straight forward to go through as BOI no longer offer share accounts and AIB seems like a lot of bother.

If you just need 5 for membership, then go to tdwaterhouse and buy through them. Again I would disregard these shares completely as any selling fees will likely wipe out their value, but if this is what you need for 'membership', then it's the best way to go.

kizzabel

Sorry, I should have made it clearer.
Im buying the shares not to have them with a view to making money but to have the opportunity to join the company's shareholders club (5 shares required to join shareholders club).

There are substantial benefits (discounts) which shareholders are entitled to and thats the reason I want to but 5 shares.

Do TD Woodhouse charge an annual fee?

The share prices are running between €8.50 and €9.50 each.

Raskolnikov

kizzabel wrote: »

Sorry, I should have made it clearer.
Im buying the shares not to have them with a view to making money but to have the opportunity to join the company's shareholders club (5 shares required to join shareholders club).

There are substantial benefits (discounts) which shareholders are entitled to and thats the reason I want to but 5 shares.

Do TD Woodhouse charge an annual fee?

The share prices are running between €8.50 and €9.50 each.

Ok, so you need to buy shares in 5 companies? Well, assuming you just want to buy 1 share in each, that means you'll be looking at brokerage costs of €100 with TD Waterhouse. Since it's unlikely it will be even worth your while selling these (you'll pay €20 to sell as well), surely you'd be better off just buying penny stocks? Or is it a case you have to buy specific companies? TD Waterhouse don't do annual fees, but if you don't trade frequently, then you have to pay more.

kizzabel

Ok im still confusing things!!!

Its 5 shares in one company.

Has anyone used ODL? I think its through Sharewatch

jackiebaron

kizzabel wrote: »

Ok im still confusing things!!!

Its 5 shares in one company.

Has anyone used ODL? I think its through Sharewatch

OK, it depends on what exchange the company whose share you wish to purchase trades on. If it is only trading on the Irish Exchange then you maye have to go to Davy Brokers or Goodbody. If it is trading on several exchanges then you can open up an account with an English bank. I opened a share trading account with Royal Bank of Scotland. It's a piece of cake. You don't have to be resident in the UK and you can buy/sell your shares online. But you will have to fill out a form first AND get it notarised to prove you are not involved in money laundering. That's just the way it goes.

If you just want to pick up a few shares for the benefits then email these guys:

csu@davy.ie

Thargor

To be honest Id be wary of advice from any group with a ridiculous rule like having to own 5 shares in one company (if its a serious rule and not some kind of joke), that sounds like the person making the rules doesn't understand market cap etc.

harry21

OP........Just wanted to let you know I understood immediately what your were asking and why you were asking. I found all the replys very amusing...... thanks!!:D

Just walk in any brokerage, pay for the fees and the commision and thats it. You now own 5 shares forever. No more fees. Just pray the company don't increase their 5 share requirement for the benefits!!;)