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Thread: Share Dealing / Royal Mail IPO

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    Share Dealing / Royal Mail IPO

    On a whim I bought into the public offering of shares in the Royal Mail and was awarded 227 shares.

    Over a few days they have grown in value by c.£300. Not a bad profit if I sell now, which I don't intend on doing.

    I am now looking at starting a portfolio and drip feed funds into it for my retirement / mid life crisis. Anyone have any recommendations of brokers, platforms, stock types etc?

    Also, anyone else buy the royal mail shares? Opinions?

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    Re: Share Dealing / Royal Mail IPO

    The problem is the answers to these all depend on your financial situation, and the options you want open to you, this depends on your age, dependants, desire to move etc.

    The best thing you can do, is sign up for news alerts like Google News, keep an eye on everything that will effect the value of your portfolio.
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    Re: Share Dealing / Royal Mail IPO

    First up - I'm not a financial adviser so all comments are on a completely 'I havn't a clue' basis, m'kay?


    Assuming you're Joe Average Earner...

    I just do it through my bank (HSBC) so I can easily transfer money in / out and makes the ISA aspect of it simpler. Did I mention do it all in an ISA - limits your choices a bit but you pay no tax on the first (IIRC) £11500 of stocks. There are better ways than through your bank (for me fees are high and they can be a bit slow to respond), but if you're dabbling like me having it all linked into your main account is one less piece of hassle.

    I'd suggest you look for a shares for income type deal to begin with. You get a feel for dividends better that way and the kick of watching money trickle in is satisfying if you're new to it. Then look to growth type shares later.

    As the saying goes, remember the value of shares can go down as well as up. I've made thousands and I've lost thousands. Still quids in, but it isn't magic and just takes one government boondoggle behind closed doors to go belly-up for a company's share price to plummet overnight. Spread your risk - don't bet the farm.

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    Re: Share Dealing / Royal Mail IPO

    I have tried a few broker and I like (and currently use) iii.co.uk (which I believe is part of Lloyds, through HBOS)

    Its simple and charges low fees. They used to charge no ongoing fee at all but they relatively recently introduced a standing charge of £20 per quarter. However this also gives you "Trading Credit" of £20, which at £10 a trade means you get 2 trades a quarter for this basic fee.

    Wasabi gives some good pointers. I also must stress that this is not investment advice but income shares are how I started. I Looked for companies that are well known (ideally that I myself use the products of) and that also pay a decent dividend and that the dividend is going in the right direction.

    iii themselves posted this a few days ago
    http://www.iii.co.uk/articles/121309...ead-royal-mail

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    Re: Share Dealing / Royal Mail IPO

    Also try http://www.x-o.co.uk/ no charges expect £5.95 per share dealing. Do you own research put them in a stocks and shares isa upto £11,000 tax free. Fund mangers and 'experts' can advise which costs but to be honest if they knew they'd all be millionaires too. One so called expert admitted he got his dog to pick his stocks!!!

    You have to decide whether to play safe or risky. I remember BP shares were trading at £6.50 paying a good dividend. Then disaster in the US Share price is now £4.00 didn't pay dividends for a few years, nobody could saw that coming.

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    Re: Share Dealing / Royal Mail IPO

    Talking of which, time to put in my sell order. £330 for free is too good to pass up IMO.

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