Buying Shares

sponge_bob

Just looking for a bit of info on buying shares.
Can I buy shares online, Pay a once of fee for the service, and receive a share certificate or what ever it is called that proves proof of ownership.
Also Iam currently living in OZ but want to but the shares in Ireland, Not sure if the company is on the OZ stock exchange or not, If they are available on the OZ stock exchange would I be better off buying them here, bearing in mind that when the time comes to sell them I will most likely be back in Ireland.
If it makes any difference Iam an Australian permanent resident.

sponge_bob

So I guess nobody knows,,,,,,

Sonnenblumen

sponge_bob wrote: »

Just looking for a bit of info on buying shares.
Can I buy shares online, Pay a once of fee for the service, and receive a share certificate or what ever it is called that proves proof of ownership.
Also Iam currently living in OZ but want to but the shares in Ireland, Not sure if the company is on the OZ stock exchange or not, If they are available on the OZ stock exchange would I be better off buying them here, bearing in mind that when the time comes to sell them I will most likely be back in Ireland.
If it makes any difference Iam an Australian permanent resident.

You can buy Irish shares from OZ (via a local broker or you can also buy Irish shares using an Irish broker. The stricter rules on money laundering etc means there are a few forms to be filled out. Apart from that buying shares (execution service only) is a straightforward and getting a share cert is a good way, especially if you are not intending on buying/selling regularly ie active trading. Buying to hold also has a slight cost advantage in that tyou avoid account fees/charges.

Why not place the order with a local broker? It may save on the admin side and cost a little more, but very doable.

simongurnick

Do you want the cert for a specific reason?
Easiest and cheapest thing to do is just but online and hold them in your account with that broker

lotusm

Sharewatch.com

ArseBurger

sponge_bob wrote: »

If it makes any difference Iam an Australian permanent resident.

You will need to declare the shares in your Australian tax return irrelevant of where you buy them.

Sonnenblumen

simongurnick wrote: »

Do you want the cert for a specific reason?
Easiest and cheapest thing to do is just but online and hold them in your account with that broker

Sorry disagree, and holding shares in electronic form is more suitable for someone who plans to trade actively and regularly. But for a buyer who plans to hold, electronic crest files exposes one to more charges and more risk etc. Certificates are ideal for lots of reasons, not least security.

SpongeBob, go for certs, you can take them with you! The benefits are obvious.

OO7FITZY

Folks - New to all this and read all the posts with great interest...

I have some questions I hope you can help me with.

I am reading an old newspaper article in Independent.ie and did not see some of the traders called out - http://www.independent.ie/business/i...-26828219.html

According to the report, Sommerville advisory markets (SAM) are cheap and reliable? Anyone any info on them?

Also any experience with Danske Bank (formally NIB)?

or Sharewatch?

Another question and apols if this is a silly one as I am starting from scratch but the shares I buy, will I receive a dividend if the business can pay it?
Secondly how "secure" are these online trading houses, if they go pop will the state guarantee me up to 100K?

Appreciate it if someone could help with this?

OO7FITZY

Does anyone have any advice here? Like I asked above, do I need to specify the type of share I buy (in order to get a dividend) or is it a case of all publicly quoted and available share pay a dividend (at the business' discretion, obviously)

lotusm

sharewatch.com... have a fxcm account...works ok for me.. not all Plc gives dividends.... CRH and kerry do

OO7FITZY

Thx for the feedback lotusm

question I have is in relation to the purchasing of the shares - do I need to specify a certain type of share to get a dividend? (assuming the PLC pays one in the first place)

I don't want to buy a load of shares and not get a dividend if the PLC pays out because the fine print said I have share type A when I should have got type B

lotusm

You are looking to buy "ordinary" shares as oppose to preference shares which pay a coupon i.e. Fixed interest rate. Any share qouted on the ISEQ e.g Kerry group is€53. They pay a dividend twice yearly.

OO7FITZY

ok thx...only need to decide on online broker now...any last words of advice there?

lotusm

OO7FITZY wrote: »

ok thx...only need to decide on online broker now...any last words of advice there?

Don't Bet.... oh excuse me "invest" more than you can afford. Best of luck

OO7FITZY

no problem there as I am risk averse anyway

who do you think is the best online broker - not looking for the cheapest but middle of the road on price and decent customer service and charges?

JohnnieA

I've been using Davyselect for 5 years now. Slightly more expensive (when buying Irish/UK shares it's 0.5% with a minimum 14.99euro per transaction. 20eur + vat quarterly maintanance fees) but the service is great.

Saxo has been getting good reviews here too. From what I heard it's cheaper and the service isn't bad either.