Make your money work as hard as you do
So the quest for a new online broker is complete.
As I embark on my new venture as the Amateur Investor, I want to be able to concentrate on investing and not be worrying about dealing commissions and other fees. I envisage I will be a regular trader, and regular trading usually means regular dealing commissions!
And I’ve now made my decision. Continue reading “And the winner is…”
To re-cap, I’ve decided that I want a new online broker so that I can benefit from cheap share dealing.
I think I’ve narrowed it down to a shortlist of two .
If I think back to when I first ventured into the world of shares, I find amazing just how much information is available at the fingertips of today’s investor.
Back when I first started buying and selling shares I subscribed to a service called ShareScope, which is still around today.
I seem to remember having to download a file at the end of the day which contained updates to news, share prices etc.
In my quest to make my hard earned money work as hard as possible, I need to find a cheap online broker so that the dealing fees I incur have the minimum effect on my portfolio’s profitability.
As I mentioned in a previous post, dealing fees can eat into your capital, so the less I spend buying and selling shares, the more money I have to invest.
Continue reading “Cheap Online Share Dealing”
By know you will have worked out that I’m an amateur (investor). So how will I be deciding which shares to buy?
Well for a few years now, I have been a subscriber to both Investors Chronicle and Shares magazines. They are a good starting point for me as (I assume) a lot of time has gone into the articles in the magazines and the share tips they make.
Continue reading “Share Tips”
In my quest to find a new online broker to use as I take on my new role as the “amateur investor” I have come across an interesting offer from The Share Centre.
Continue reading “Watch those dealing fees…”
So first things first. If I’m going to embark on my new life as an amateur investor, I need to find an online broker.
I already have online accounts with Hargreaves Lansdown (for my SIPP) and Norwich & Peterborough Building Society (N&P) for general share dealing, but I’ve decided that I’m going to open a new account with an online broker.
Continue reading “Finding an online broker”
Hello, and welcome to the first entry on the new Amateur Investor website.
As a small time amateur investor for years I have been buying and selling shares, bonds, PIBS and the like for more years than I care to remember. I have also (especially in recent years) made sure that my cash is earning as much interest as possible.
But after nearly 2 years of exceptionally low interest rates, I have decided that I am going to step up my investing a notch or two.
With the base rate standing at 0.5% and inflation well above the Bank of England target rate (2%) cash on deposit is losing value in real terms. So in an attempt to make my hard-earned cash work harder I have decided to move some of my cash into the stock market.
So this is the start of my journey. It could be a bumpy ride!