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Interactive Investor

Hi,

I quite young (hence I dont know too much about stocks and shares) however I've managed to save a bit over the past year that I'd like to invest in shares.

I found this site or service called Interactive Investor on

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I have been looking for a site that I can use to easily buy and sell shares but haven't found any apart from this. Is this service reasonable (i.e. easy to use) for someone who is just beginner in trading? Do I need to deal with stockbrokers or can you do the buying/selling without their help? Or, could anyone recommend other sites?

Thanks.

Reply to
will_usher
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There are similar sites, including moneyextra.co.uk that provide such services, and act as the broker. But make sure you know what you are risking. Look and learn from

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(if you can find your way round it.)

Tiddy Ogg.

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Reply to
Tiddy Ogg

so can I, for example, just buy £10 worth of shares to begin with using these sites or do I need to invest £100's?

Reply to
will_usher
£100's at a minimum.

As the minimum commission per trade is £10 - £15, the commission would be more than the value of the shares, and just not worthwhile.

Rgds Neil.

Reply to
neil

Have a look at that money extra site. I think they charge a flat 8 quid, but I'm not sure. I really think you should find out more about the mechanics of this before you go into it. Maybe that's what you're doing now. If you're going to make money, you have to take this commission into account, plus the spread, that is the difference between the buy and sell price, which can vary quite a lot, depending on how much the share is traded.

Tiddy Ogg.

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Reply to
Tiddy Ogg

Plus 0.5% stamp duty on purchase.

Maybe a virtual account at Yahoo finance would be a good start?

Reply to
Virgils Ghost

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