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Best way to buy one off €100 purchase of shares

  • 12-01-2015 9:14pm
    #1
    Closed Accounts Posts: 5,482 ✭✭✭


    what would be the best way to buy €100 worth of shares. I'm not interested in becoming in trader or anything I just want to find the cheapest way possible
    Thanks


Comments

  • Registered Users, Registered Users 2 Posts: 7,501 ✭✭✭BrokenArrows


    what would be the best way to buy €100 worth of shares. I'm not interested in becoming in trader or anything I just want to find the cheapest way possible
    Thanks

    Why do you want 100 in shares. It would be almost impossible to make a profit unless they double in price.
    Regardless of where you go you're going to spend about 40% of that on fees and taxes to buy and sell.


  • Registered Users, Registered Users 2 Posts: 1,208 ✭✭✭bren2002


    A present maybe? €100 of your favourite football club? That might be a nice little earner actually.


  • Registered Users, Registered Users 2 Posts: 2,005 ✭✭✭veetwin


    Why do you want 100 in shares. It would be almost impossible to make a profit unless they double in price.
    Regardless of where you go you're going to spend about 40% of that on fees and taxes to buy and sell.

    €100 of BOI bought less than a year ago would be worth close to €400 now. Who is to say they won't be worth over €1k in another year? What might it be worth in 5 years? Property is nearing Celtic tiger prices again. Why not BOI over €20 also from €0.29 today? The €100 investment would look pretty sweet then. Or am I missing something?


  • Closed Accounts Posts: 4,180 ✭✭✭hfallada


    veetwin wrote: »
    €100 of BOI bought less than a year ago would be worth close to €400 now. Who is to say they won't be worth over €1k in another year? What might it be worth in 5 years? Property is nearing Celtic tiger prices again. Why not BOI over €20 also from €0.29 today? The €100 investment would look pretty sweet then. Or am I missing something?

    http://www.independent.ie/business/personal-finance/stay-sharp-if-youre-buying-shares-and-beware-monster-fees-30116471.html

    The fees for buying and selling shares are pretty steep. They will eat into any profit you have make


  • Closed Accounts Posts: 5,482 ✭✭✭Hollister11


    I'm not looking for advice on if it's good or bad thanks.
    Just if you can advice me how I go about it.


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  • Registered Users, Registered Users 2 Posts: 8,671 ✭✭✭GarIT


    Most banks allow it, probably cost about €40 in fees before you get started though


  • Closed Accounts Posts: 337 ✭✭Value Hunter


    veetwin wrote: »
    €100 of BOI bought less than a year ago would be worth close to €400 now. Who is to say they won't be worth over €1k in another year? What might it be worth in 5 years? Property is nearing Celtic tiger prices again. Why not BOI over €20 also from €0.29 today? The €100 investment would look pretty sweet then. Or am I missing something?

    Missing a lot, look up BOI share dilution and you'll see why BOI shares are now measured in cents


  • Registered Users, Registered Users 2 Posts: 1,788 ✭✭✭Cute Hoor


    veetwin wrote: »
    €100 of BOI bought less than a year ago would be worth close to €400 now. Who is to say they won't be worth over €1k in another year? What might it be worth in 5 years? Property is nearing Celtic tiger prices again. Why not BOI over €20 also from €0.29 today? The €100 investment would look pretty sweet then. Or am I missing something?

    I'm not sure where you're getting those figures, as far as I can see the lowest price that BOI was at in the last 12 months was €0.24 (a couple of times in July), am I missing something?


  • Registered Users, Registered Users 2 Posts: 2,435 ✭✭✭ixus


    Stay on topic Please. Help the OP only.


  • Registered Users, Registered Users 2 Posts: 5,834 ✭✭✭Sonnenblumen


    OP - for a clean straightforward no fuss transaction etc, best to go to a local stockbroker. For example in Dublin, I would recommend, Campbell O'Connor, but there are others.

    Most charge a similar % commission and you'll also be liable for Gov Fee (Stamp Duty). For small transactions like € 100, expect to pay € 25.00 +.

    Good luck!


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  • Registered Users, Registered Users 2 Posts: 1,788 ✭✭✭Cute Hoor


    what would be the best way to buy €100 worth of shares. I'm not interested in becoming in trader or anything I just want to find the cheapest way possible
    Thanks

    Here is a link to an article in the Sindo from last year, it would appear that the cheapest broker (Campbell O'Connor) will charge you €40 for the transaction, you will also pay 1% tax (another €1), so in total it will cost you at least €41 to buy €100 worth of shares, and the same again to sell (no tax on sales) - unless of course you can wangle a better deal from the broker than the charges they have advertised.

    http://www.independent.ie/business/personal-finance/stay-sharp-if-youre-buying-shares-and-beware-monster-fees-30116471.html

    http://www.camocon.ie/charges.html


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