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How do I purchase Stocks and Shares

  • 11-03-2012 2:22pm
    #1
    27061986a
    Registered Users, Registered Users 2 Posts: 61 ✭✭27061986a


    Hi folks, I wanted to know how do I go about purchasing Stocks and Shares. As you can guess I am a beginner in this area. Do I have to go through a financial institution? If so what are the costs involved or what are the cheaper alternatives available in purchasing shares? Your replies would be greatly appreciated.


Comments

  • #2
    odnauq
    Registered Users, Registered Users 2 Posts: 73 ✭✭odnauq


    I like TD Ameritrade. Lots of good info for beginners and low cost trading, of course you have to do your own research and make decisions.


  • #3
    27061986a
    Registered Users, Registered Users 2 Posts: 61 ✭✭27061986a


    odnauq wrote: »
    I like TD Ameritrade. Lots of good info for beginners and low cost trading, of course you have to do your own research and make decisions.

    Many thanks for the reply. Is there any company in Ireland that I could use? Also what shares are worthwhile to invest in at the moment? I have a budget of €20,000 -€25,000 to invest. What mix of companies should I be investing in if I were to go ahead?


  • #4
    odnauq
    Registered Users, Registered Users 2 Posts: 73 ✭✭odnauq


    Park your funds somewhere safe and study companies you like before investing money you can't afford to lose. My friend suggested the race track is a good bet :-)))


  • #5
    Malaya Hallowed Mimicry
    Posts: 0 CMod ✭✭✭✭ Malaya Hallowed Mimicry


    you could read the stickies :confused:


  • #6
    odnauq
    Registered Users, Registered Users 2 Posts: 73 ✭✭odnauq


    I've read all the stickies and I'm still confused :confused:


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  • #7
    Tech3
    Closed Accounts Posts: 3,010 ✭✭✭Tech3


    What part are you confused about? Be careful investing that amount of cash. Purchasing an introduction to investment book before delving into the market might be a good idea.


  • #8
    dchitz
    Closed Accounts Posts: 23 ✭dchitz


    odnauq wrote: »
    I've read all the stickies and I'm still confused :confused:

    Il second that


  • #9
    radioactiveman
    Closed Accounts Posts: 324 ✭✭radioactiveman


    27061986a wrote: »
    Many thanks for the reply. Is there any company in Ireland that I could use? Also what shares are worthwhile to invest in at the moment? I have a budget of €20,000 -€25,000 to invest. What mix of companies should I be investing in if I were to go ahead?

    Feck it I had a big long boring reply about what to invest in but browser crashed :D
    Go with an online broker not necessarily in Ireland they're much cheaper and charge a fixed fee rather than a comission. AIB and BOI charge ridiculous prices.

    You could get an index share, a single one is ok to diversify. Your investment will go up and down anyway no matter what you invest in and you just have to learn to ignore short term changes in the stock market.

    Warren Buffet had an example: if you buy a farm, and there's a short term drought would you be afraid about the value of your farm? It's the same with the stock market, the price goes up and down constantly in response to tiny bits of news but it doesn't reflect the actual value of the company.

    Also you could read the Intelligent Investor before investing in individual stocks.


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