| Interactive Investor [message #383590] |
Do, 27 April 2006 16:13 |
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Hi,
I quite young (hence I dont know too much about stocks and shares)
however I've managed to save a bit over the past year that I'd like to
invest in shares.
I found this site or service called Interactive Investor on
www.iii.co.uk. I have been looking for a site that I can use to easily
buy and sell shares but haven't found any apart from this. Is this
service reasonable (i.e. easy to use) for someone who is just beginner
in trading? Do I need to deal with stockbrokers or can you do the
buying/selling without their help? Or, could anyone recommend other
sites?
Thanks.
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| Re: Interactive Investor [message #383594 ] |
Do, 27 April 2006 16:39 |
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On 27 Apr 2006 07:13:20 -0700, will_usher [at] yahoo.co.uk wrote:
>Hi,
>
>I quite young (hence I dont know too much about stocks and shares)
>however I've managed to save a bit over the past year that I'd like to
>invest in shares.
>
>I found this site or service called Interactive Investor on
>www.iii.co.uk. I have been looking for a site that I can use to easily
>buy and sell shares but haven't found any apart from this. Is this
>service reasonable (i.e. easy to use) for someone who is just beginner
>in trading? Do I need to deal with stockbrokers or can you do the
>buying/selling without their help? Or, could anyone recommend other
>sites?
>
>Thanks.
There are similar sites, including moneyextra.co.uk that provide such
services, and act as the broker.
But make sure you know what you are risking. Look and learn from
www.fool.co.uk (if you can find your way round it.)
Tiddy Ogg.
http://www.tiddyogg.co.uk
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| Re: Interactive Investor [message #383595 ] |
Do, 27 April 2006 16:53 |
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so can I, for example, just buy =A310 worth of shares to begin with
using these sites or do I need to invest =A3100's?
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| Re: Interactive Investor [message #383596 ] |
Do, 27 April 2006 16:59 |
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=A3100's at a minimum.
As the minimum commission per trade is =A310 - =A315, the commission
would be more than the value of the shares, and just not worthwhile.
Rgds
Neil.
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| Re: Interactive Investor [message #383625 ] |
Do, 27 April 2006 22:27 |
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On 27 Apr 2006 07:59:01 -0700, neil [at] invidion.co.uk wrote:
>£100's at a minimum.
>
>As the minimum commission per trade is £10 - £15, the commission
>would be more than the value of the shares, and just not worthwhile.
>
>Rgds
>Neil.
Have a look at that money extra site. I think they charge a flat 8
quid, but I'm not sure. I really think you should find out more about
the mechanics of this before you go into it. Maybe that's what you're
doing now. If you're going to make money, you have to take this
commission into account, plus the spread, that is the difference
between the buy and sell price, which can vary quite a lot, depending
on how much the share is traded.
Tiddy Ogg.
http://www.tiddyogg.co.uk
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| Re: Interactive Investor [message #383629 ] |
Do, 27 April 2006 23:04 |
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"Tiddy Ogg" <tiddyogg [at] madasasheep.com> wrote in message
news:32a252tnvsene9lp03ggfj13r29ndnj0tl [at] 4ax.com...
> On 27 Apr 2006 07:59:01 -0700, neil [at] invidion.co.uk wrote:
>
>>£100's at a minimum.
>>
>>As the minimum commission per trade is £10 - £15, the commission
>>would be more than the value of the shares, and just not worthwhile.
>>
>>Rgds
>>Neil.
> Have a look at that money extra site. I think they charge a flat 8
> quid, but I'm not sure. I really think you should find out more about
> the mechanics of this before you go into it. Maybe that's what you're
> doing now. If you're going to make money, you have to take this
> commission into account, plus the spread, that is the difference
> between the buy and sell price
Plus 0.5% stamp duty on purchase.
Maybe a virtual account at Yahoo finance would be a good start?
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| Re: Interactive Investor [message #383645 ] |
Fr, 28 April 2006 11:44 |
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yeh, ok I might try a virtual account. I'm working as a product
designer and spending a lot of time researching future products and
predicting their market trends... and I'm assuming that this could be a
good asset for trading shares in these companies. How do other traders
go about looking into company trends... do they just simply watch the
graphs of all companies and choose which would be best to buy and sell
shares or are they working on tip offs or info from sites like
fool.co.uk?
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