Tradefair & Financials
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17 May 11
20:02
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01 Jan 05
Hi all, am fairly new to shares and would appreciate some advice.
I have a stocks and shares ISA but have been told that I can't buy any shares from the AIM market to put in it, and I have my eye on one or two which look worthy of a punt.
Apparently I need a special account for this - how would I get one? Any recommendations re companies, charges etc?
Many thanks.
I have a stocks and shares ISA but have been told that I can't buy any shares from the AIM market to put in it, and I have my eye on one or two which look worthy of a punt.
Apparently I need a special account for this - how would I get one? Any recommendations re companies, charges etc?
Many thanks.
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Try CAD and RRL. Both can be purchased via ISA funds. Then either buy a tin hat or don't come back until October. I think you'll be pleasantly surprised. The word think may be replaced by hope.
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I use Hargreaves Lansdown btw. I like their set up.
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You can only buy AIM shares that are dual listed. RRL for example is (on LSE and TSX), so you can buy that. I think you can also buy shares that have been demoted down into the AIM (like CAD previously was, but has since gone back up into the FTSE all share index). I concur with banana man btw.
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got my fingers burnt on AIM with ENCORE & XCITE--only survived cos of stop-losses---market makers tend to rule the roost & dictate the state of play so be very careful...
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That's true Swiss but you can play them at their own game, especially with popular investments. Another thing to avoid is sentiment. I have one company that I always top up with even though there are better options. Totally sucked in but its for a life-changing amount of money so worth the risk I think.
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Thanks for the advice. Hargreaves Landsdown look pretty good, any others?
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interative investor (iii) are decent for the dealing charges (only £1.50 for buying, £10 to sell), plus they don't charge an annual admin fee. Hargreaves landown do charge a fee (0.5%), plus it costs ~£9.95 to buy/sell. If you are investing in funds, hargreaves landown might be cheaper though because I believe they offer the best discounts on fund purchases (iii also do as well, I haven't compared the two, so might not be much difference)
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Many thanks Whippet, I've noticed them as well, bit difficult to beat that charge
 I'll probably go with them, the all in one account looks good. Cheers again. |