Share Dealing

SCR Pedro
SCR Pedro Posts: 912
edited January 2009 in The bottom bracket
Hey there,

I have my eye on some shares, but it's quite a big risk, so I don't really want to bet much more than £50. The charges for buying can be quite high though. Does anyone know a website with reasonable charges, say a tenner or less for a one of buy?

If it helps, I am only looking to buy one stock and hold it for a while.

Cheers
Pedro
Giant TCR Advanced II - Reviewed on my homepage
Giant TCR Alliance Zero
BMC teammachineSLR03
The Departed
Giant SCR2
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Comments

  • gkerr4
    gkerr4 Posts: 3,408
    not being funny here (i;m really not) but in my experience you are doing well to take 10-20% out of a stock - so with a tenner to trade either way - you'd have to exceed 40% gain just to make a penny - it really isn't worth it.

    that said, you mention the word 'bet' so are you actually planning on buying the shares or spread-betting on them?
  • SCR Pedro
    SCR Pedro Posts: 912
    Hey there,

    I use the word bet in a literal sense; as that's all the stock market is.

    The stock can only go up again, but as you said, dealing fees eat into the gains. Then again, if I don't buy now and the stock goes up to over a quid then I'd be kicking myself for it.

    Hmmm :?
    Giant TCR Advanced II - Reviewed on my homepage
    Giant TCR Alliance Zero
    BMC teammachineSLR03
    The Departed
    Giant SCR2
    Canyon Roadlite
    Specialized Allez
    Some other junk...
  • gkerr4
    gkerr4 Posts: 3,408
    "the stock can only go up again" -

    if I had a tenner for the times I have heard this then I wouldn't need to 'gamble' on the stock exchange!

    out of interest - which stock is it?
  • SCR Pedro
    SCR Pedro Posts: 912
    Get ready to laugh. RBS :shock: :D

    As far as share dealing accounts go, Iweb seems to be among the best (at least as far as I can see.) Deals incur a flat fee of a tenner with no admin charges.

    Pedro

    Edit: I'm going away into the Highlands for the weekend, so I'll see what the stock is doing when the market opens on Tuesday before parting with my hard earned. I don't think it'll rebound to 4 quid before then!
    Giant TCR Advanced II - Reviewed on my homepage
    Giant TCR Alliance Zero
    BMC teammachineSLR03
    The Departed
    Giant SCR2
    Canyon Roadlite
    Specialized Allez
    Some other junk...
  • Bronzie
    Bronzie Posts: 4,927
    SCR Pedro wrote:
    I don't think it'll rebound to 4 quid before then!
    You'll be lucky if it re-bounds to £4 before 2012 - presuming it doesn't end up getting nationalised in the meantime.
    It's a Lifestyle! -+-+- Coggan Training Levels
  • il_principe
    il_principe Posts: 9,155
    Try hoodless brennan, but tbh honest £50 is waste of time really. You need to commit a bit more to make it worthwhile after they take their fee.
  • SCR Pedro
    SCR Pedro Posts: 912
    Well, I've slept on it and have come to agree that it's not worth investing £50 when it'll cost at least £20 to buy and sell.

    I'm going to get a Garmin Forerunner 50 and some new shades instead 8)

    Cheers
    Pedro
    Giant TCR Advanced II - Reviewed on my homepage
    Giant TCR Alliance Zero
    BMC teammachineSLR03
    The Departed
    Giant SCR2
    Canyon Roadlite
    Specialized Allez
    Some other junk...
  • keef66
    keef66 Posts: 13,123
    Much better investment than RBS shares I think you'll find.

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