Financial Wizard Required

[DaBouncer 13]

I want to buy some shares in a british company.

Not many shares - just a hundred quid or two.

 

Can anyone help me do this cos I have NO IDEA how to do it and what costs are involved.

 

[Skatiechik 10]

The best way would be to set up a Maxi Isa,

 

Have a look at http://www.comdirect.co.uk for setting up an ISA, and how easy it is to do share trading through them.

[wendy 10]

You can find out most share prices on the internet - run a search on FTSE 100. Most banks provide a share dealing scheme look on their websites, it usually tells you how much they charge too.

 

Not something I have much experience in looking at as I have only ever sold shares (Abbey National ones we were issued when they became a bank). If you need specific advice I would recommend you see an independent financial adviser as they will be more impartial than one in bank for instance.

[JoeP 11]

Depends whether you want to buy to trade, as part of a long term investment, because your Uncle Bill runs the company, and so on.

 

For a long term investment vehicle with the tax advantages, go for an ISA.

 

http://www.fool.co.uk/isas/isas.htm

 

If you plan on doing some trading - you may want to look at setting up some sort of 'deal only' trading account. Take a look at :

 

http://www.fool.co.uk/lrninvint.htm?ref=leftnav

 

The Motley Fool is an excellent site! You have to sign up but it costs nothing and there's some good stuff on there.

 

Joe