bishbosh
Member
Registered: 25th Sep 06
User status: Offline
|
quote:
Originally posted by Cosmo
Oh, and as for where to do trade dealing, I use fool.co.uk
Set up a Stocks and Shares ISA with them and pay money into that, you wont pay any interest on profit you make then. If you also do it via the Share Builder package you'll pay very little in charges for buying and selling.
Can you expand on that please, how much do you pay per transaction? Thanks...
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
quote:
Originally posted by bishbosh
Im currently looking to buy into RBS, 55p or so
Aye, I have been looking at the same.
The Govt. has put strict quotas on how much they have to invest as to stimulate the economy. Obviously this could go tits up should the economy crash again, but if you're of the opinion that we're on the way up then those shares should increase dramatically over 12-18months.
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
quote:
Originally posted by bishbosh
quote:
Originally posted by Cosmo
Oh, and as for where to do trade dealing, I use fool.co.uk
Set up a Stocks and Shares ISA with them and pay money into that, you wont pay any interest on profit you make then. If you also do it via the Share Builder package you'll pay very little in charges for buying and selling.
Can you expand on that please, how much do you pay per transaction? Thanks...
It costs nothing to set up a stocks ISA (you can put in £4k into a min and £7k into a maxi over a year period). Any money you make (say you made £1k in profit on some shares) can go into the ISA and you wont get taxed on this and it also wont take up any of the allowance either.
It means you could effectively, over 3 years, have up to £21k (thats just £7k per year in a maxi, ignoring any profit you may make over the 3yrs) you can invest in shares where you pay nothing on the profit you make.
As for costs...if you use the sharebuilder then it'll cost from just £1.50 per trade, as they'll only trade a select number of dates per month so they can group all the trades together and lower costs drastically.
|
|
