Buying shares - advice please

[Deleted Member 1156]

I'm thinking about buying some shares in a company that trades on the NASDAQ. Is it as simple as registering with an online broker then sending all my hard earned pennies off to some scam in Nigeria never to be seen again or a bit more scientific than that?

Thanks in advance

 

[Rooter]

I use TD Direct Trading. Can all be done via their App. pretty decent rates etc.

Longer term advice, don't check the share price daily and panic sell! LOL

 

[Deleted Member 1156]

Thanks Scott :thup:

 

[Foxholer]

Just don't follow the Phil Mickelson approach!

http://www.golfwrx.com/378156/sec-files-931k-suit-against-phil-mickelson-for-insider-trading/

http://www.bbc.co.uk/news/business-36331078

 

[hors limite]

Have a look at Hargreaves Lansdowne.

 

[Ethan]

Set a price at which you will sell, with a cash-in price and a bail out before it goes down for the last time price.

Some clever, or more likely, lucky, sell on a certain size of rise and wait for it to fall again, then buy back more than you had to begin with, and so on. Some shoes have a rather cyclical course and you can do well if you understand the trigger levels. Apple used to be pretty good for that game.

 

[SocketRocket]

It can be good fun to be a member of a 'Shares Club' where you pay a monthly amount then meet once a Month in a Pub and decide how to invest. We put a Stop/Loss value on a share and sell when if reaches that level. We also have a sell rate for a share and if it reaches that level we sell half of them and reinvest the gain. It is a good little hobby.

 

[guest100718]

I use Hargreaves lansdown but only trade on the ftse.

 

[Del_Boy]

Try spread trading. Lower cash outlay, and tax free. You gets divs as well but no voting rights

 

[Deleted Member 1156]

Thanks everyone. I'm looking at blue chip shares to hang on to for long term growth.

 

[SocketRocket]

Thanks everyone. I'm looking at blue chip shares to hang on to for long term growth.

Look out for ones that traditionally pay out a good dividend.

 

[Backache]

I'm thinking about buying some shares in a company that trades on the NASDAQ. Is it as simple as registering with an online broker then sending all my hard earned pennies off to some scam in Nigeria never to be seen again or a bit more scientific than that?

Thanks in advance

WIth most long term investments one of the most important factors is to keep your costs down, including tax and brokerage charges. This can be a bit more difficult for US shares as it is less easy to compare charges for things like foreign exchange and management of forms.
You will usually be better off holding them in an ISA or SIPP wrapper depending on personal circumstances.
To avoid some US witholding tax as a foreign investor you need to complete something called a W-8BEN, some brokerages will charge for this.

This website gives a list of cheap brokers.
http://monevator.com/compare-uk-cheapest-online-brokers/

This one explains a litlle about overseas investing.
https://the-international-investor....im-withholding-tax-foreign-dividends-isa-sipp

You may find it easier to just invest in a low cost ETF or OEIC tracker based in the UK/Ireland for ease of handling taxes if you are not doing it in a big way.

The iSHares NASDAQ 100 UCITS ETF investws in the top 100 non financial shares onthe NASDAQ or you could just invest in an American all shares ETF such as the ones from Vanguard which would be a little cheaper.


[h=1][/h]

 

[Deleted Member 1156]

WIth most long term investments one of the most important factors is to keep your costs down, including tax and brokerage charges. This can be a bit more difficult for US shares as it is less easy to compare charges for things like foreign exchange and management of forms.
You will usually be better off holding them in an ISA or SIPP wrapper depending on personal circumstances.
To avoid some US witholding tax as a foreign investor you need to complete something called a W-8BEN, some brokerages will charge for this.

This website gives a list of cheap brokers.
http://monevator.com/compare-uk-cheapest-online-brokers/

This one explains a litlle about overseas investing.
https://the-international-investor....im-withholding-tax-foreign-dividends-isa-sipp

You may find it easier to just invest in a low cost ETF or OEIC tracker based in the UK/Ireland for ease of handling taxes if you are not doing it in a big way.

The iSHares NASDAQ 100 UCITS ETF investws in the top 100 non financial shares onthe NASDAQ or you could just invest in an American all shares ETF such as the ones from Vanguard which would be a little cheaper.


[h=1][/h]

Excellent advice cheers :thup: