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Purchasing Shares directly or using a broker?

  • 22-08-2015 1:08am
    #1
    StyleKillah
    Registered Users, Registered Users 2 Posts: 25 ✭


    Hi there!
    I'm a 19 year old student and I want to begin investing and purchasing shares! I've done a bit of research and I've gotten to grips with buying shares. I've a €1000 to begin investing and I know that to continue investing, it's best to do so with amounts of €1000 at least due to trading fees, selling fees etc. I've my stocks picked out and researched dividend reinvestment strategies and so forth.

    I'm wondering if it's better to buy shares directly from the company via Computershare or use a broker like Goodbody. I understand that buying shares directly means waiting for weeks for it to go through and the same goes for selling but if I'm purchasing shares long term it's not an issue for me. The question is if I decide to keep the dividend, will I be taxed lodging a cheque in a different currency into AIB to an extent that it's better to put up with the fees of Goodbody giving the fact I can buy and sell when I want to.

    Also if I decide I want to re-invest my dividend does Goodbody offer that function automatically?

    Thanks everyone! :)


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