selling shares

"stuart noble" particularly want an online trading account but I don't want to pay 1%

know that you get half price dealing through Lloyds bank registrars for selling Lloyds bank and BT shares. Might be worth a look. Eric

"stuart noble" particularly want an online trading account but I don't want to pay 1%

Frankly, you may as well open an online account. It only takes a week or so, usually. Depends how much you stand to lose in the charges. GBP

10.00 per sale at iwebsharedealing.co.uk (and other similar dealers) can make the effort well worthwhile, if it's a substantial holding. [DISCLAIMER: what follows is my opinion. It is not paid professional advice. You follow it entirely at your own risk.]

Do you need to sell the shares urgently? The market's taken one dip already in the past month or so, and there are many downwards indicators suggesting a second one, perhaps stronger, during the next month. Past trading patterns also show a double-dip pattern like this during the Summer recess, followed by a strong recovery in late September onwards. (9/11 notwithstanding, of course.)

If you want a chance to get the best price, time your shares sales carefully, and use online resources to understand their yearly cyclical trading patterns, if they show any such.

Jon

Thanks Jon. No, there's no real urgency, so the trading account makes sense (10 x 10 being a hell of an improvement over 1% on 80K). The only reason for selling early would be to reduce the amount someone has to borrow on a new mortgage but, with the option to pay off 10% a year, waiting till the autumn sounds a better bet.

Thanks Eric. I'll check that out.

Try Jarvis stockbrokers on 01892 510515. 9.50 per certificated deal AFAIK.

Rob Graham

Thanks. The person concerned is probably more likely to trust someone like Barclays if she has to part with her precious share certificates but I'll continue to shop around.

Care to elaborate? These are mainly FTSE 100. Would Motley Fool or Yahoo have this kind of info? Thanks.

"stuart noble"

Thanks, Jon. I really appreciate your detailed reply. Could drive you crazy couldn't it?