How do you buy shares?

pocketdooz · 21-07-2008 01:19PM

Mosey101 wrote: »

I'm surprised nobody's mentioned Paddy Power Trader...they seem to be very popular...they are even running a free seminar on Oil Trading this weekend...or is there something i'm fundamentally missing about PP?

As far as I know PP only provide a spreadbetting service, not and actual brokerage service.

As such you never actually own a position when using Paddypower , you are simply taking a position on a 'bet' on which direction the market will move.

Therefore, it is not possible to use PP to buy shares or create a portfolio of assets, from what I know of the service.

Mosey101 · 21-07-2008 05:29PM

Ah right... i thought they offered more than that

Thanks:)

knoxor · 30-07-2008 05:07PM

Couple I use are

http://www.iii.co.uk
and
http://www.advfn.com/

ZWEI_VIER_ZWEI · 07-09-2008 04:52PM

Hi,

I've done my research and I'm planning on investing in the stock market but I have a few questions, some which aren't answered in this thread, some which are sort of ambiguously answered

So I'd appreciate it if anyone could answer some of these questions before I take the plunge...

1) I want to invest in the NYSE, but I'm wondering, are there any currency conversion liabilities that I have to deal with if I do this? i.e. if I set it up with my AIB bank account or whatever, will there be a currency conversion fee everytime I put money into the electronic trading account before it actually goes to buy a share? Or does it work completely differently? Will I have to open up an account in USD? I have no idea how these firms work!!

2) Questions about tax liabilities answered, thank you

So I know I'm going to get taxed no more than the Irish tax rate, but how is the tax on investments decided? I looked on revenue.ie but the site's a bit of a nightmare...if anyone has a link I'd be really grateful!

3) What is a good online brokerage to start off with, bearing in mind that I'm going to start off with investing rather small amounts, i.e. €200 every 2 months or so (I'm not a man of very ample means!)

4) If I want to re-invest dividends, is this something that can be done automatically? or do I have to manually do it? Is there any weirdness associated with re-investing dividends, like do I have to pay any extra charges on them, e.g. if a company pays out $1 per share in dividends, and I own 100 shares, and each share trades for $1, can I buy 100 more shares with my dividends or do I lose any to transaction charges, etc.

So these are pretty much the main questions that are stopping me from investing right away...like I said I'd be really really grateful if someone could help answer some of them

Thanks,

Mark.

karen3212 · 17-09-2008 05:52AM

paulocon wrote: »

Looking to invest circa 2k in shares initially and invest a further 2k every 6 months or so. These would be long term investments (10+ years) - have money invested elsewhere and on deposit so trying to spread my investments a wee bit.

Looking around (and reading on here) and think that I'll go with sharewatch - just not sure whether to open an account or go on an execution-only basis.

I like the fact that sharewatch offer free crest membership to account holders - from my research, this is the electronic equivalent of holding share certs in that you are a true shareholder, registered in the books of the company and divs are payable directly to you as opposed to a Nominee Account where they are re-invested.

I suppose the difficulty I am having is determining the advantage of holding certs as opposed to opening an account. If I take the certs, I'll need to have them securely stored but it probably offers more peace of mind.

So I suppose the question I am asking is what is the advantage of holding shares over opening an account which is inclusive of Crest membership? I saw on-here some people opted to take certs, was their any reason why you took that decision.

Thanks in advance for the help (and sorry for the long-winded post)

It seems the paper certificates are going to be phased out here anyway as they are being in other countries.

From the plain english :pac: it's your money, the pros and cons

http://www.itsyourmoney.ie/index.jsp?pID=126&nID=330

Ways of holding shares

Share certificates
(paper-based)

• You legally own the shares.
• You receive all documents.
• You can deal through any stockbroker.
• You get your dividend direct.

• They are costly to replace if lost or stolen.
• They expose you to fraud if they fall into wrong hands.
• You must present them if you decide to sell your shares.
• A time delay in selling could lose you money (if the share price falls).

Nominee account
(electronic)

• You can avoid unnecessary documents.
• You get regular statements showing the shares you hold and any trading you have carried out.
• You can instruct your stockbroker to buy or sell instantly using your reference number.

• You are not the legal owner of the shares.
• You pay an account service fee.
• You must deal with your own broker.
• The stockbroker controls your shares, including dividends.

Crest personal accounts
(electronic)

• You legally own the shares.
• You receive all documents.
• You get your dividend direct.
• You can instruct your stockbroker to buy or sell instantly using your reference number.

• You pay an account service fee.
• You must deal with your own stockbroker.

Wise Investor · 17-09-2008 07:46PM

Investing in anything to get a profit/return requires many aspects One of the best analagies over the recent years was property and the old adage "Location, Location, Location" was the key to making a good desicion. Think of all the time people spent going around looking /checking etc. Lump sum imvetmnet should be approached the same way The Finacial regulator site for lump sum is a good start .

Stocks/Shares/Equities are the same however have a plan i e why am I buying them e g short profit or long term hold other considerations where are they now , i e is there value in them? are they at a yerary or longer low ??. why are they at that low.?? is it just that the oversoldl marke?? is low or is it bad mangement e.g. sub prime loans . what is the potential growth. ?

Important what price will i get out if the price turns down . have a plan and write it down. Inform your broker that u want to sell if u at a certain level of profit or LOSS maybe 3/4 per profit and 1 to 1.5 loss. I could go more into the technicals here but to summerise do your resaerch , use the net yahoo Finace is as good a start as any.. Build up other websites like Marke watch or thise that take yr fancy

BOLuck

shrapnel222 · 24-09-2008 02:34PM

knoxor wrote: »

Couple I use are

http://www.iii.co.uk
and
http://www.advfn.com/

although very good, you need to be a UK resident to trade on these sites

AugustusMaximus · 29-09-2008 10:37PM

Can anyone provide me with a stockbroker in Cork City which does execution only stock trading ?

Am looking to buy some shares and I'd imagine the easiest way would be to just pop into an office. I'm guessing I'd need ID ?

phantom_lord · 14-11-2008 06:00PM

anyone have any experience dealing w/ Internaxx?

elsimate · 17-11-2008 03:58PM

Can anyone recommend a decent Irish based share trading simulator?
I'd like to lose some fake money before I earn some real money!

Thanks:D

animaX · 20-11-2008 06:20PM

Does anyone know which of the online share accounts (davys, goodbody etc) offer Crest personal accounts?

elsimate · 21-11-2008 11:08AM

If you sign up with Sharewatch you get a crest account as part of the deal...

animaX · 21-11-2008 08:34PM

cool thanks!

suehayes1 · 09-12-2008 08:07PM

Hello,

It is a quite a simple process really;

1.Open a broker account;
- There are a range of traditional brokers i.e. Davy, Goodbody's, Merrion etc.

- There are also a range of online discount brokers i.e. ODL Securities, Sharewatch, National Irish Bank.

It is a cost versus service issue - traditional brokers provide more service, but cost more, whereas online brokers provide less service, but cost less.

2. Fund the account

3. Buy shares by either;

- pick up the phone to your broker either traditional or online

- execute the trade yourself online if you are using an online broker (they will either have their own software or you log into your account with a username and password and place your trade from there).

If you would like to talk to me in greater detail about this, please free to send me a private message.

tantipie · 09-12-2008 09:39PM

is anyone buying Ryanair shares,,and if so,,how??:D

matty888 · 16-12-2008 11:50AM

Is it possible to buy canadian shares here in ireland?

swimgal08 · 06-01-2009 01:12AM

one quick question if i want to set up an online account with goobody what is the minimum amount i have to lodged ... and whats the minimum amount of shares i can buy... like can i buy 200 euros worth ?

oh and any idea of minimum age ?

femur61 · 09-01-2009 08:39AM

Baqnk of Ireland don't sell shares anymore! To buy and sell on Goodbody you need to have a bank account open with AIB, you can do it on line or go into any of their branches. It is cheaper to do it online. Sharewatch offer the best commission rates but i don't know much about them.

neil.p.b · 21-01-2009 01:56PM

I want to:

Trade online
Make instant transactions
Trade daily i.e buy 1000e of shares one day and be looking to sell them on at any given point in the near future i.e 2 hours, 2 days, a week

Who should i use?

Thanks

Compton · 24-01-2009 12:55PM

Whats the best way to buy shares in Bank of Ireland?

Outkast_IRE · 24-01-2009 01:21PM

What is the best way to go about it do i have to pay a broker or whatever every year i want to buy E100 worth of shares for each comapny and hang onto them for the Long term just to see where they will be in 10 years time or whatever .

rugbyman · 24-01-2009 01:41PM

neil.p.b wrote: »

I want to:

Trade online
Make instant transactions
Trade daily i.e buy 1000e of shares one day and be looking to sell them on at any given point in the near future i.e 2 hours, 2 days, a week

Who should i use?

Thanks

Following advice on here a year ago I signed up with NIB, takes a day or two.
then you are in Biz. There is always a 20 min delay when you are dealing. . I have no idea why.

regards Rugbyman

MadsL · 24-01-2009 03:52PM

Have been considering a similar punt on banks shares at the moment (€100 - €200)

I understand how to buy shares, but for such a low investment I'm considering spread-betting this instead of buying. At the moment these are basically 'penny stocks' and the spread downward (short) to worthless is not a significant one (40 - 70 points) and therefore seems to offer terrific value.

With a spread bet taking a long position on these the return seems significantly better than buying shares.

However - these would be a long term punt, possibly several years - is there significant disincentive to make long-term spread bets with the overnight financing charged by spread-betting companies? Would the financing kill my profit? And is this specifically built in to protect the spread-betting companies from long-term 'investors'?

roosterman71 · 28-01-2009 05:17PM

Whats the minimum amount of time you have to hold shares for? Say I bought shares in AIB/BoI today, when can I sell them? Is there a law in place about short term trading?

suehayes1 · 05-02-2009 11:47PM

Following on from my previous post, ODL Securities are coming over to Ireland and delivering a (FREE) Presentation in Dublin on Wednesday 11th February.

It will take place at 7 p.m. at the Stillorgan Park Hotel.

It may be of interest to you, to have a look at a UK online broker and meet the personnel behind the company.

I have had my own account with them over the past two years and find them quite helpful.

Angel28 · 11-03-2009 12:40PM

Has anyone bought shares through NIB online service? If so how did you find it. Can anyone highlight the pros and cons of a nominee account for me? Thanks

Bytheway · 11-03-2009 04:28PM

Zecco prices are great but they only deal with American stock, but only FTSE100. Trades are around $4 or so and can be free if you are a very frequent trader.
Americatrade only deals with american Stock also but very cheap to trade in also.
I like E trade as you can deal with the American stock exchange, the FTSE all shares and the AIM.
The thing is that you need to set up a separate account with them if you want to trade in UK stock.
0 -5 trades £11.50,
6 -19 a month £9 ,
20 + trades a month £7
There is a penalty for non active traders: If you don't trade in a 3 month period, for each month afterwards, you are charged £4.
They said the shares were held in a crest account but investors are in a nominee account.....can it be both ???

If you make 4 or more day trades(round trip) in a 5 day period you are classified as a pattern day trader and have to have a balance of 25k...is this law and every American trade account ?

Even at £11.50 a trade, they beat Davys and all the other Irish stock brokers hands down. As Davys want €25 min or 0.75% on the for the first 25K than 0.25% on the balance.

Is there a broker that deals in American and FTSE Allshareand AIM for less than £11.50 a trade ?

failsafe wrote: »

Hi guys,

I can tell you how I buy stocks and shares if it's of help.

I use an internet stock broker called www.zecco.com, but friends/workmates use www.firstrade.com, www.etrade.com etc. and all are quite similar.

Zecco offer free trades (there is a monthly limit, although I've never hit it so I don't know what it is, after that it's $4.50 per buy/sell, which is a fairly good price).

To set up an account, it's roughly similar to setting up a bank account. Just click "sign up" and follow the steps. You'll need to fill out and sign two forms, and post them along with a photocopy of an id (passport).

When you've got an account set up, you can wire transfer some money accross. This is the only step where I've ever incurred a cost with buying shares. I used to only be able to do it online with AIB, and they charged €15 per transfer, and I used to transfer roughly €1k at a time so it wasn't bad. BOI now offer €1 transfers on 365online so I use them (because I have my current account with them)

Once the money arrives in my Zecco account (usually a week after it leaves my BOI account) it's as simple as picking the stock(s) I want to buy, typing in an amount of shares I would like and clicking buy.

These American online stock brokers generally only let you trade on the american stock exchanges, which is fine by me. If you want to buy shares on the ISEQ (although alot of the big Irish companies are traded on the NASDAQ etc too) you could use an Irish Stock broker, or the one built into aib online. These charge €25 per transaction, and because I have no overwhelming desire to buy from the Irish stock exchange, I'm sticking with my free zecco account!

I'd reccommend anyone who's considering it to take the plunge. It took me a year of procrastinating before I eventually got around to doing it and I wish I'd started sooner!

Zascar · 16-03-2009 11:10PM

Guys quick question - who has the cheapest rates for buying Irish shares?

Special K · 20-03-2009 10:40PM

Right lads thinkin of buying shares for 1k with BOI. Can I do it online? I'm a pure novice to shares and the likes but want to make an investment and not touch em for like a year or so. Any advice?

femur61 · 21-03-2009 08:31AM

We bought some through AIB which are agents for goodbody but to be honest now I know you can buy for less than €10 a trade (paid €200). On line we used a company called Interactive Brokers but they don't do Irish companies. Davy her in Ireland charge less if you do tradesonline.

How do you buy shares?

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