How do you buy shares?

RoadKillTs

Im starting to think an account with National Irish Bank might be the way to go for me:

http://www.nationalirishbank.ie/en-i...e-Trading.aspx

Ill only be making a couple of trades a year though, long term value investing mostly but it'll be nice to have the online service there aswell, no annual fee is the main thing for me because I mightnt be making any trades for long periods.

Hi Thargor,

NIB look good. Do you know if you would get a SC when dealing with them?

Adam E

I am interested in getting into the shares world and maybe making some pocketmonies, didnt have the faintest clue about investing though.

After reading every page in this thread I have a much clearer view of what it involves and where to start looking, just wanted to say thanks to everybody that shared their knowledge with us newbies.

Thanks.

cojack101

Can anyone tell me, do I have to buy shares online or is there somewhere I can go and physically hand money over the counter?

cybersnow

From my expierence are best:for online trading,stock,futures,forex,investing and etc...

www.interactivebrokers.com
www.tradestation.com

Esel

cybersnow wrote: »

From my expierence are best:for online trading,stock,futures,forex,investing and etc...

www.interactivebrokers.com
www.tradestation.com

Interesting first post! Is this a snowjob? Do you take Western Union?

cybersnow

snowjob...no,those companies are real and not mine..Its serious brokers companies for international stock shares trading,investing,forex..
Some of them required min deposit 25000us dollars for daytrade account,some of theme 500us for non daytrade..

Just google it..

Here is more(some review,prices,ratings about top brokers companies):

http://online-stock-trading-review.toptenreviews.com/
http://www.forbes.com/bow/b2c/category.jhtml?id=218
http://dailyreckoning.com/the-best-online-brokers/

RR2026

AIB share dealing - little expensive but the bank is at least covered by the Irish Government Guarantee
http://www.aib.ie/servlet/Satellite?pagename=ShareDealing/sdo_main&section=S001

RR2026

AIB share dealing - little expensive but the bank is at least covered by the Irish Government Guarantee
http://www.aib.ie/servlet/Satellite?...n&section=S001

freeze4real

how good is sharewatch.com

http://www.sharewatch.com/tradingfees.php

it seems that they've changed their trading fees.

tryinmebest

hi everyone,I would like to apologise in advance for my lack of knowledge on this topic but when i saw this thread I had to post my question. I am twenty years of age and am interested in investing in stocks,i do not have huge amounts of money but i have lots of time to put into this and i hope over the course of the next ten years I can make some money. Could omebody please give me instructions on how to start,how much i need to initially invest,where to research ect? all help would be appreciated. Thank you.

freeze4real

I'm in the same situation as you're in. You need at least 150e to start. Choose a good company or broker to buy the shares from e.g goodbody.ie. Then you must know what to buy.

I've started yet as I'm short if cash.

MathewBracken

Really nice post. I must be share it.

irishh_bob

i recently opened an execution only online account with goodbody and tbh i dont rate it all that high , sorry i didnt go with davey

take this particular stock

power shares db agriculture fund , not a sign of it on goodbody despite the fact that its listed on the nyse

yankinlk

failsafe wrote: »

Hi guys,

I can tell you how I buy stocks and shares if it's of help.

I use an internet stock broker called www.zecco.com, but friends/workmates use www.firstrade.com, www.etrade.com etc. and all are quite similar.

Zecco offer free trades (there is a monthly limit, although I've never hit it so I don't know what it is, after that it's $4.50 per buy/sell, which is a fairly good price).

To set up an account, it's roughly similar to setting up a bank account. Just click "sign up" and follow the steps. You'll need to fill out and sign two forms, and post them along with a photocopy of an id (passport).

When you've got an account set up, you can wire transfer some money accross. This is the only step where I've ever incurred a cost with buying shares. I used to only be able to do it online with AIB, and they charged €15 per transfer, and I used to transfer roughly €1k at a time so it wasn't bad. BOI now offer €1 transfers on 365online so I use them (because I have my current account with them)

Once the money arrives in my Zecco account (usually a week after it leaves my BOI account) it's as simple as picking the stock(s) I want to buy, typing in an amount of shares I would like and clicking buy.

These American online stock brokers generally only let you trade on the american stock exchanges, which is fine by me. If you want to buy shares on the ISEQ (although alot of the big Irish companies are traded on the NASDAQ etc too) you could use an Irish Stock broker, or the one built into aib online. These charge €25 per transaction, and because I have no overwhelming desire to buy from the Irish stock exchange, I'm sticking with my free zecco account!

I'd reccommend anyone who's considering it to take the plunge. It took me a year of procrastinating before I eventually got around to doing it and I wish I'd started sooner!

Maybe it was easy when they started but it aint like that anymore. Cant say zecco are any good at all. I jumped thru hoop after hoop to submit mutiple documents for the account, tranferred the money and eventually had to give up. Everytime i thought i had provided the info they required they "messaged" me with a new requirement.

freeze4real

I went to bank of Ireland last week and they said they charged A minimum of 8 - 15 for wire transfers especially to the states.

I wanted to open an account with Avafx.com when I saw ego k trading but it was cfd's.
But firstrade would be a good option to start with.

I am waiting for their mobile platform.

Brians.ssm

Does anyone have comments, good / bad, on Davy Stockbroker's online product ?

Anyone others you would point me to ?

norming09

well to be quiet honest with you i have had plenty of dealings with Davy and I just find them the rudest people to do business with, when you ring to buy shares I dont think their one bit polite to honest, i try and avoid ringing which is wrong cos i would love to buy shares enless i could another company to deal with, so anyone who knows another stock broker out there could you please let me know

norming09

does anyone know what shares to buy for 2011, on the irish stock exchange?? id appreciate any advise, trying to build a house in a yeears time so any good returns would be a plus!!

Fr Dougal Mcguire

Anyone know what the current price to walk in off the street and buy shares in boi,aib or one of the stockbrokers.

my online account is on the blink and wont be sorted until monday. need to buy shares tomorrow and am wondering which is the cheapest way to walk in and buy

mac123

Just wondering what research sites if any do people on here use? Morningstar and the likes?

davmigil

Buying/Selling Shares Online options:

1. www.sharewatch.com
€14.95 (or 0.3% commission)

2. www.tdwaterhouse.ie

Frequent trader €15 per trade
Standard €20 per trade
€15 charged per quarter for inactive accounts

3. www.nationalirishbank.ie
€20 minimum (or 0.75% commission)
Not sure on annual fees.



Any gotchas (e.g. poor currency exchange rates, quality of service etc.) with any of the above. Anywhere else I should be looking, preferably EU based. Thinking of going with sharewatch at the moment

jellybeans

Adam E wrote: »

I am interested in getting into the shares world and maybe making some pocketmonies, didnt have the faintest clue about investing though.

After reading every page in this thread I have a much clearer view of what it involves and where to start looking, just wanted to say thanks to everybody that shared their knowledge with us newbies.

Thanks.

Hi I am in the same position as you and am wanting to get into buy shares. Just wondering how you got on and did you have any tips you wanted to share?? tahnsk

jellybeans

failsafe wrote: »

Hi guys,

I can tell you how I buy stocks and shares if it's of help.

I use an internet stock broker called www.zecco.com, but friends/workmates use www.firstrade.com, www.etrade.com etc. and all are quite similar.

Zecco offer free trades (there is a monthly limit, although I've never hit it so I don't know what it is, after that it's $4.50 per buy/sell, which is a fairly good price).

To set up an account, it's roughly similar to setting up a bank account. Just click "sign up" and follow the steps. You'll need to fill out and sign two forms, and post them along with a photocopy of an id (passport).

When you've got an account set up, you can wire transfer some money accross. This is the only step where I've ever incurred a cost with buying shares. I used to only be able to do it online with AIB, and they charged €15 per transfer, and I used to transfer roughly €1k at a time so it wasn't bad. BOI now offer €1 transfers on 365online so I use them (because I have my current account with them)

Once the money arrives in my Zecco account (usually a week after it leaves my BOI account) it's as simple as picking the stock(s) I want to buy, typing in an amount of shares I would like and clicking buy.

These American online stock brokers generally only let you trade on the american stock exchanges, which is fine by me. If you want to buy shares on the ISEQ (although alot of the big Irish companies are traded on the NASDAQ etc too) you could use an Irish Stock broker, or the one built into aib online. These charge €25 per transaction, and because I have no overwhelming desire to buy from the Irish stock exchange, I'm sticking with my free zecco account!

I'd reccommend anyone who's considering it to take the plunge. It took me a year of procrastinating before I eventually got around to doing it and I wish I'd started sooner!

I'm curious about finding the companies you want to buy shares in and I was wondering....Im sure this is a stupid question but for example....do you browse through the companies on zecco stock screener that, lets say, have made 8% yield dividend and (do a little further research on the company on your own) and then buy according to the information provided on that page??

Thargor

Jellybeans you sound very hung up on dividends here and in your PMs, they're not the most important thing just a nice bonus, you should look for shares that are going to increase in value way more than the value of a dividend, I don't know anyone that pays an 8% dividend anyway theres probably a catch there somewhere.

freeze4real

There's no way that bank of Ireland charges €1 for online transfers outside the eu. There minimum charge is €8.

jellybeans

Thargor wrote: »

Jellybeans you sound very hung up on dividends here and in your PMs, they're not the most important thing just a nice bonus, you should look for shares that are going to increase in value way more than the value of a dividend, I don't know anyone that pays an 8% dividend anyway theres probably a catch there somewhere.

ye I suppose, I am so annoyed that after 9 years my fund has not made me a red cent and I just want to see some profit! how long would you expect to hold onto shares thargor - approximately??

also have you any thoughts on etf's?

Thargor

Every share is different you cant have a general rule for how long you hold onto something, as long as it takes to get a good return if you think there's potential for a good return, could literally be a few hours or 20 years, no thoughts on ETFs either, total noob here sorry, only to say a lot of ETFs can go nowhere even though the market they're supposed to reflect is doing well, a lot like your managed investments, do your research before you hit Buy.

jellybeans

Thargor wrote: »

Every share is different you cant have a general rule for how long you hold onto something, as long as it takes to get a good return if you think there's potential for a good return, could literally be a few hours or 20 years, no thoughts on ETFs either, total noob here sorry, only to say a lot of ETFs can go nowhere even though the market they're supposed to reflect is doing well, a lot like your managed investments, do your research before you hit Buy.

Oh ye I will, its all a bit daunting though this whole area.....and making sense of the research is another matter altogether!

Lord TSC

Question: Trying to make an account with Sharewatch and they say they need two letters as proof of address. Problem is I'm living at home with parents with no bills. I can get a bank statement but I simply don't have a second utility bill which I can use. What do I do? :S

freeze4real

I am against using sharewatch or goodboddies.

Lord TSC

Well, even Davy seems to want the two proofs of address so the problem remains <_<

Will ask though...why?

freeze4real

If you have two bank statements of different bank. College letters or letter from the principal of your college or school.

kizzabel

Hi all,

I wish to buy some share - only a small amount initially 5 shares with a view to buying some more in the future.
The only reason I want to buy these shares is for the benefits of a shareholders club attached to the company.
I am utterly clueless as regards shares / share buying.

Where would you recommend I buy them from?
BOI are a no go and AIB seems to be a bit of a painful route to head down?
I might need to be walked through the whole process so I will apologise in advance for my complete ignorance

FA

I have started to use TeamTraders, its kinda like fantasy football, but its with shares instead - its basic enough but allows you to buy shares and enter competitions...

Ronaldo*

You may be interested in exploring an investment club. Investment Club webinars and other investment information is available from
http://www.fxdynamite.com/unisec1106
I have been a member for some time and can recommend this as a great place to look at.

kizzabel wrote: »

Hi all,

I wish to buy some share - only a small amount initially 5 shares with a view to buying some more in the future.
The only reason I want to buy these shares is for the benefits of a shareholders club attached to the company.
I am utterly clueless as regards shares / share buying.

Where would you recommend I buy them from?
BOI are a no go and AIB seems to be a bit of a painful route to head down?
I might need to be walked through the whole process so I will apologise in advance for my complete ignorance

Ronaldo*

kizzabel wrote: »

Hi all,

I wish to buy some share - only a small amount initially 5 shares with a view to buying some more in the future.
The only reason I want to buy these shares is for the benefits of a shareholders club attached to the company.
I am utterly clueless as regards shares / share buying.

Where would you recommend I buy them from?
BOI are a no go and AIB seems to be a bit of a painful route to head down?
I might need to be walked through the whole process so I will apologise in advance for my complete ignorance

Depending on what shares you would like to buy (which company) and where they are traded (London Stock exchnge, New York, Nasdaq, CME, Irish SE) you can find execute only brokers - no advice given.
These are generally low cost for online transactions 0,5% or so of your purchase value. Look at fxcm, TD waterhouse, internaxx as a start.

Duff Man Jr.

I spent a while on this thread and still cant get my head around it sorry.
All I want to do is buy a few k of google shares (on nasdaq) and leave them alone for a few years, everywhere I look (daveys etc.) there are annual fees, so obviously this is for more active people. And they dont mention share certs or dividends (I know google dont pay dividends, but thats not the point). Can someone tell me the easiest way to do this.
Thanks

Edit I see goodbody is 26 euros a year, If I "only" buy 2k of shares is 26 way too much?

martyoo

Hi Duff Man,

I use Keytrade Bank. They don't do share certs.
Dividends are paid straight into the account.

You are only charged for trades, no annual fees or anthing like that.

Duff Man Jr.

martyoo wrote: »

Hi Duff Man,

I use Keytrade Bank. They don't do share certs.
Dividends are paid straight into the account.

You are only charged for trades, no annual fees or anthing like that.

Looks perfect thanks.

anfieldrd

Hi lads, just wondering if anyone could tell me the price of vodafone shares to buy and to sell?

Duff Man Jr.

anfieldrd wrote: »

Hi lads, just wondering if anyone could tell me the price of vodafone shares to buy and to sell?

http://www.google.com/finance?q=LON%3AVOD

anfieldrd

Don't mean to seem silly but is that 164.85 for one share, say i was to purchase ten shares it would cost just over 1600?

Duff Man Jr.

anfieldrd wrote: »

Don't mean to seem silly but is that 164.85 for one share, say i was to purchase ten shares it would cost just over 1600?

I'm just getting into it so I'm not 100%, but you are correct. However most people buy shares by money amount, so if you invest 1000 at that price you get ~6 shares, if they 16.48 each you'd get ~60, but if they rise by 10% they'll now be worth 1100 no matter which price they're bought at.

Isoaxe

No, they're £1.6585. Prices quoted are in pence sterling.

Amaru KGB

Hi Folks, I'm looking at getting in to buying a few shares and I was wondering if someone could give me advice on a company to use.

I'm a novice at this so any help would be appreciated.

Joeyjoejoe43

Sharewatch.ie would be a good one, €15 per transaction and no annual fee, not much better options out there as far as I know..

the goon

Hi guys I was wondering if anybody here maybe could give me info on a good online brokerage that deals in far east markets. Sepcifically, I am looking to buy Korean stocks on the Kospei. All help greatly appreciated!

noelo

Amaru KGB wrote: »

Hi Folks, I'm looking at getting in to buying a few shares and I was wondering if someone could give me advice on a company to use.

I'm a novice at this so any help would be appreciated.

If you want to get to know how to buy and sell stocks and shares,do it for a month or two with this platform "wall street survivor", it a real life game to train people and get them in the know how, try it , i think its good, it use real live info and they give you 100k to fuc3k around with........... mind you i am still learning on it, I am affraid to make that first step in ireland. I also want to avoid brokers to cut expenses and increase profit.

Seifer

I opened an account through sharewatch.ie and got my login details today. I successfully logged in earlier in the day; about 1pm.
However now the login page (https://secure.fxcmstocktrading.com/logon) is incredibly slow and it's timing out every time I try to login.
Has anyone else ever experienced this problem with the site? Is it a frequent occurance? It seems like it can't handle the traffic.

Seifer

Seifer wrote: »

I opened an account through sharewatch.ie and got my login details today. I successfully logged in earlier in the day; about 1pm.
However now the login page (https://secure.fxcmstocktrading.com/logon) is incredibly slow and it's timing out every time I try to login.
Has anyone else ever experienced this problem with the site? Is it a frequent occurance? It seems like it can't handle the traffic.

I forgot that the finance industry isn't exactly at the cutting edge of technology; Chrome was the problem incase anyone else has similar issues.