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buying shares

  • 25-10-2005 1:30pm
    #1
    ublinia2
    Closed Accounts Posts: 114 ✭✭


    I have about 1k to 2k and wish to buy a few shares. I think i would like to have a share certificate rather than have them held in a nominal account?

    How do I buy the shares ?
    Where is the cheapest place to buy shares in Ireland ?
    whats the advantage or disadvantage of buying with different companies and the different methods of holding the shares ?
    I might want to buy into companies which trade on the American exchanges and in the UK , is this possible to do in all brokers?
    How quickly can the shares be sold when I need to sell them ?


Comments

  • #2
    Reyman
    Registered Users, Registered Users 2 Posts: 1,297 ✭✭✭Reyman


    You can't make money trading small amounts like E1-2k. Minimum commissions and stamp duty take any profit you make (in Ireland). but if you just want to get some experience it's a good idea to have a go.

    Try Sharewatch website for online trading at a good rate but even they have a minimum charge, probably around E30 or 3% on E1k.

    You can trade more or instantly and in the overseas markets with no restriction except perhaps higher commissions.


  • #3
    celt2005
    Registered Users, Registered Users 2 Posts: 327 ✭✭celt2005


    You are better off going for a quinn direct fund, deal in Irish European and American Markets


    f you want to deal, try

    [url]HTTP://www.tradingdirect.com[/url] for NAS , DOW
    [url]HTTP://www.hoodlessbrennan.com[/url] for FTSE

    Have lowest charges at present.


  • #4
    ublinia2
    Closed Accounts Posts: 114 ✭✭ublinia2


    How much would I really want to invest in order to make it worthwhile ?

    At the moment investing 1-2k , i hope to hold on to the share for a few years and then cash it in

    Does share watch charge commision on every trade and every sell of the share you make ?

    Who can I go to in order to trade and receive a share certificate because if i keep them in an account , wouldnt i have to sell them back through the same broker ?

    Does anybody have any experiences of aib / goodbodys online service ? How much do they charge on comission?


  • #5
    Reyman
    Registered Users, Registered Users 2 Posts: 1,297 ✭✭✭Reyman


    I think Celt is giving you the best advice for your situation i.e. go with Quinn direct who offer low cost products.

    Buying shares is really a long term play i.e. 5 years plus. That way you cancel the heavy entry/exit costs and hopefully get above bank rate average performance.
    You neeed to be dealing with 5k-15k minimum by my reckoning. The serious guys would have upwards of 200k in the market.

    Sharewatch take 0.3% of each buy or sell trade (min. E30) and the Government takes 0.75% stamp duty on buy trades only.

    You'll get a share cert if you trade normally i.e. not on-line. Though you should note that certs are being phased out and are not likely to be around much longer.

    I've no experience with Goodbody - I use Davy - they're dearer than Sharewatch but very competent and reliable (so far)


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