How do you buy shares?

SerialComplaint · 21-03-2009 10:34AM

Special K wrote: »

Any advice?

1) Only invest money that you can afford to lose
2) Wait until you have about €5k saved to invest. The transaction costs (about €50) make investment of €1k unviable.
3) Don't invest in equities with a 1-year timeframe in mind. Be prepared to lock your money away for 5 years.

ppthink · 22-03-2009 03:22PM

Special K wrote: »

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?[/quote
Personally I wouldnt touch financials at the moment.
If you have a brokerage or online account already, shot the financials in the U.S. with ETF`s i.e. exchange traded funds. You can buy them and sell them like shares. Unless you are buyng to hold for whatever period I wouldnt touch banks at the moment. Their share price have gone up in the last couple of weeks. Question is what way next. I can see them drop back in the next few days.

wackojacko · 23-03-2009 08:44PM

it was asked already ,how quick can you sell shares after buying? bought boi shares through aib account. if banks are nationalised does this mean i lose all my shares?
thanks

pirelli · 25-03-2009 03:18AM

easyontheeye wrote: »

www.sharewatch.com its practically free, its regulated and its irish!

Is it not a minimum of 14 euro per trade,

Smcgie · 03-04-2009 05:05PM

Regulated and irish.... Now there's 2 words that fill me with trust :P

Daragh101 · 06-04-2009 08:42PM

sharewatch is based in glasgow!!!!!!!!!!

femur61 · 07-04-2009 07:05AM

Do you think sharewatch are a good reputable company to buy with. My husband is so enthusiastic to buy shares at mo. But we know nothing about shares.

Bytheway · 07-04-2009 05:43PM

I was with Davys but they are rip off merchants. E Trade are a far better deal especially for bigger purchases. Don't think you can trade on the Iseq though.
I set up an account for E TRADE UK trade. If you want to trade in American stock, than you need an E TRADE American account also.
E TRADE UK deals oin the FTSE and the AIM.
Easy to set up and more user friendly than Davys.

Mont · 08-04-2009 10:46AM

I want to buy around a €1,000 worth of BOI shares - how do i do that? Should i buy them at a BOI branch? Surely if i buy them through a share company like sharewatch etc, even if that company closes down it doesnt matter to me as the shares would be in my name?

But as of now what should i do?

gaherne · 08-04-2009 10:53AM

why use brokers. Esp witg CGT gone up in April Budget.

I have been using www.worldspreads.ie over the last year or so and cant complain at all.

No charges and best off all no Captial Gains or stamp duty. Dealing platform is very easy to use and the dealers can talk you through your first few trades and how to place stop orders and take profit.

No hassle opening account and took less than 24hrs after my online application.

me_right_one · 08-04-2009 11:02AM

Would it be wise to get into share trading at the moment? Not for novices methinks!!!

SerialComplaint · 08-04-2009 10:11PM

femur61 wrote: »

But we know nothing about shares.

Be very, very careful. Don't put in any money that you can't afford to lose.

HegaCork · 09-04-2009 04:04PM

I, like you hadn't a clue how to buy shares. Davy's and the major brokers will only deal in medium to large stock and know how to charge for it. The banks will sell shares but add a few cent per share for themselves as well as €165 charge. So I used Sharewatch, you lodge money into their account, put your name on the lodgement slip. Phone them up to confirm, they will take €50 admin and the rest you use to buy shares over the phone with their broker at the going rate, usually whats onscreen on Aertel p141 (AIB) or p142 (BOI). Its easy, and you dont need to be buying €thousands

silverpaddy · 16-04-2009 02:13PM

has anyone dealt with fexco stockbroking?

TTNYWWBM · 23-05-2009 01:18PM

Hi Everybody, I make a living Share trading and I'm happy to help:

Davy and similar IRISH stockbrokers do have online services. Davy in particular has a minimum deposit to start of 2,000 euro. But that's still your money!

You need to download all their forms and get a certified copy of your passports and 2 bills to prove your address and something with your PPS number on it. A Garda will sign these copies for you! I have found Davy to be most helpful and reliable and I think this makes up for any marginal difference in their charges compared to bargain basement online services.

Send all forms and a draft for 2K off in registered post and in a few days you're an online trader. www.davy.ie

Oh I don't giving advice on what to buy but here are a few "no brainers", Bank of Ireland and AIB, buy them as low as you can and ride them till they just start falling, check past graph performance for a dip but buy when it's just starting to rise.

LOOK AT THE NOT SO OBVIOUS ones too! Little cent shares like Siteserv, Newcourt Group, Providence Resources etc. as if you buy 50,000 at 6cent that's 3000 euro but sell them at 8 cent that's 4000 euro less commissions, earning you about 840ish! What bank will give you that interest?

Most trading services have a minimum charge, Davys is 25 euro.

-- Actually Newcourt Group is 2/3rds in the UK 1/3rd IRL and their UK Govt funding is due any day now. They are primarily in the student housing market. When that happens they're share will be far more valuable and prices will rise sharply. :cool:

-- Siteserv shares went to 9 cent yesterday, sell the days they're 12 cent!!! :eek:

-- Providence are 4 cent and most likely but don't take my word for it! See it rise back to 5.5 cent or higher soon!

Again simply buy all shares as low as you can and sell as high as you can. It's not rocket science!

For years it was only the domain of the rich and powerful, high minimum commission rates NOW ANYONE CAN MAKE SERIOUS MONEY.

Remember Irish Revenue Capital Gains Tax is 20% on everything you earn from investments over about 1,300 euro (2008)

Handy sites to know.
http://www.advfn.com
Ideal for REALTIME irish and uk share prices. Nominal price per month!

http://www.google.ie
Sign up for an free account and get iGoogle homepage, add
Google Finance Chart, Google finance portfolios and other tickers and gizmos that give you good info data and stock news. Most are 20min delayed, but advfn is realtime, which is important!

Zascar · 23-05-2009 01:55PM

Thanks! More of that type of advice please!

liberal · 26-05-2009 02:01PM

GreenDoor wrote: »

Could somebody fill me in. I havn't a clue how to get started but it's something I'm interested in doing.

im a rookie and i had a student account with aib and tried to open a a share trading account (via goodbody) so i had to open a regular current account cause the student account won't do, mind you i kept the student account open for the no fees n loans etc.

so now with the goodbody+aib account i can trade online with no minimum (no minimum was wat i was looking for) they charge me €60 a year plus buying/trading fees, its handy enough

but low sell high, sell aib

TTNYWWBM · 26-05-2009 04:33PM

Zascar wrote: »

Thanks! More of that type of advice please!

Your welcome.

Why do I have a (!) Alert on all my posts? As a moderator can you remove this, thanks?

Just one thing I'd like to add as I did rightly get a bit of criticism from a few seasoned investors for other posts, so...

"Stop Loss" Set your limit you will let the share fall to, if it drops below sell to prevent further losses. So if the price continues to fall you can buy even more stock at an even lower price. If it is a blue chip you can set your tolerances a bit wider than a higher risk stock. Why?

BOI today (1.50 to 1.33 back up to 1.54). was a classic example of holding ones nerve and/or stop loss selling.

Say you bought BOI at 1.49 the price falls to 1.42 so you sell, it continues to drop to 1.30 so you buy again, you're better off than holding your nerve till the share floats back to 1.49 or higher!

However check your numbers carefully!

With commissions and stamp duty of 1% for Irish shares (0.5% for UK) (when buying them), holding ones nerve in small fluctuations can save you fees. If the price dips in the day a few points (on an over a euro share) don't knee jerk sell. Set a realistic limit, if it's and obvious freefall of course sell quickly, and buy back when the base price is reached. This is why realtime streaming data is essential!

BTW I don't spread bet. Just a personal preference.

RockCastle · 26-05-2009 11:47PM

Thanks TTNYWWBM your posts have been great! Very helpful. If you buy in the moring and say sell at lunchtime and buy again later in the afternoon will you have access to your funds that quickly to re-use or is that like day trading?

I read a lot about day trading but you seem to need €25k to open a propper day trading account.

I have never traded but have read a lot of books over the past 18 months or so but was to nervous to get into the market the way it was. I would love to get into it in a sensible way maybe sub my income a little as its back c.50% from the good old days and that hurts but I do have access to funds to get going! I also know Rome wasn't built in a day

!

TTNYWWBM · 27-05-2009 07:19PM

When you have a Davy online account within a few minutes of trading the shares your account it credited with funds, and within a few minutes of buying them you can trade them again. I can't speak for other online systems, but the simple answer is yes for buying and selling within 1 day on Davy.

However Davy's fee structure is really high and their client website technically works but really is stone age compared to other realtime sites. Only having all shares only 2 off the decimal place is so stupid, particularly as most shares trades are to 3 off decimal place eg 0.044 cents or 1.203 euro??? In some trades that 0.003 can cover the fees!

You can specify to the 3rd place when buying and selling anyway on Davy.

Can you day trade on Internaxx or any other site does anyone know?

strmin · 27-05-2009 10:11PM

RockCastle wrote: »

Thanks TTNYWWBM your posts have been great! Very helpful. If you buy in the moring and say sell at lunchtime and buy again later in the afternoon will you have access to your funds that quickly to re-use or is that like day trading?

I read a lot about day trading but you seem to need €25k to open a propper day trading account.

After I sell shares I don't have access to those funds until trade settles (3 days). At least that's the case with Interactivebrokers and Davy. You can trade the same stock as many times as you want as long as you have sufficent funds.

RockCastle · 28-05-2009 10:32AM

That's where I could get caught out Strmin! Better keep funds up my sleeve. Can anyone recommend a good trading simulation site? There seem to be a lot out there have any of you found some very good??:rolleyes:

Daragh101 · 28-05-2009 01:11PM

vse.marketwatch.com

mervuedude · 09-06-2009 09:35AM

I recently opened a custody account with NIB. My first trade was with a company in the USA. Within one week the shares had risen nicely and I was up $3,100. Time to take the profit so I cashed in my chips. Boy was I in for a surprise. There was a brokerage fee of $180 for buying the shares and $196 for selling them (which I was never informed of). I was told I'd have to pay €20 for each transaction. Anyhow, taking this into account I was now up around $2,700. Boy was I in for another surprise! I had bought the shares at 73 cents and sold at 69.6 cents. When NIB had finished their calculations my $2,700 was now worth €1,002.

So that's it folks, I busted my nuts studying the markets for months. Picked a share and took the plunge (first time ever) only to see the bank taking 60% of my profit. I'm sure there has to be a better way cos this has totally put me off playing the markets in future.

Idu · 09-06-2009 09:43AM

mervuedude wrote: »

I recently opened a custody account with NIB. My first trade was with a company in the USA. Within one week the shares had risen nicely and I was up $3,100. Time to take the profit so I cashed in my chips. Boy was I in for a surprise. There was a brokerage fee of $180 for buying the shares and $196 for selling them (which I was never informed of). I was told I'd have to pay €20 for each transaction. Anyhow, taking this into account I was now up around $2,700. Boy was I in for another surprise! I had bought the shares at 73 cents and sold at 69.6 cents. When NIB had finished their calculations my $2,700 was now worth €1,002.

So that's it folks, I busted my nuts studying the markets for months. Picked a share and took the plunge (first time ever) only to see the bank taking 60% of my profit. I'm sure there has to be a better way cos this has totally put me off playing the markets in future.

That's a loss though isn't it?? I'm confused

TTNYWWBM · 09-06-2009 10:26AM

mervuedude wrote: »

I recently opened a custody account with NIB. My first trade was with a company in the USA. Within one week the shares had risen nicely and I was up $3,100. Time to take the profit so I cashed in my chips. Boy was I in for a surprise. There was a brokerage fee of $180 for buying the shares and $196 for selling them (which I was never informed of). I was told I'd have to pay €20 for each transaction. Anyhow, taking this into account I was now up around $2,700. Boy was I in for another surprise! I had bought the shares at 73 cents and sold at 69.6 cents. When NIB had finished their calculations my $2,700 was now worth €1,002.

NIB? You obviously did not look at their schedule of charges before doing this?
There is something wrong with the calculations, even though they are the most expensive. I would recommend using Davy.ie or Internaxx.lu in the future!

mervuedude · 09-06-2009 11:02AM

Apologies if the post was a bit confusing. I finished up with a profit of €1k after expenses. I have spoken to NIB and got the usual garbage about exchange rates etc etc. The fact remains that I made a profit of $3,100 on the deal but by the time they imposed brokerage fees and exchange rate fluctuations I came clear with just over €1000. I'll have a look at internaxx.

Cheers.

Daragh101 · 09-06-2009 11:46AM

if you use sharewatch the total charge for trades up to 15k is 50euro!!!!

the drifter · 10-06-2009 04:45PM

i just contacted sharewatch

below is the response

For a small trader account you don't need to complete any application form, and it allows you to trade up to €15,000 via telephone dealing before needing to complete the registration process.

If you are wishing to sell shares you already own then please ensure you have the certificate to hand when calling us.

To buy shares you need to transfer funds up front to our Ulster Bank Account or send a cheque made payable to Direct Sharedeal Limited.

Sort Code 98-55-63

A/c number 73364110

The account is in the name of Direct Sharedeal.

When transferring the funds please ask the bank to put your full name as a reference to allow us to identify the funds when they come in.

Once that is done you call our cash team who will confirm receipt of the funds and transfer you to a dealer.

Phone - Lo-Call 1890 946 649 from within Ireland

If you wish to trade online or over €15,000 then you need to complete our Sponsored Member Registration pack, which I have attached for your information. Shares are held electronically in your name at Crest and there is an annual fee of €60 for this account.

Please contact me if you require anyfurther information.

silverpaddy · 10-06-2009 05:41PM

dont know where you arrived at the figures? if you sold at a price less than you bought at, how would you have any profit? also did you do the trade in euros or in usd? as the exchange rates amy have moved if you paid for the deal in euro and then converted back sale proceeds to euro after....? cant see how 1700usd could be taken in any chares even high ones!

How do you buy shares?

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