Shares & Stocks

[Rab Kebab]

Hi Iam Looking to take �20 Off My Wages a week and buy Shares - Stocks , Heres My Questions :-

1. Do I Need A Special Type Of Bank Account ?

2. Broker No Broker ?

3. Any Tips , Advice ?

4. Can You Do It All Over The Internet ?

5. Any Good Web Sites That buy sell ?

Dont Have a Clue About Them , Just Asking Incase There's Any One Out There does PLZ reply Cheers .

p.s No Smart asses with witty answers

[WendyS]

Am unsure whether you want to buy stocks & shares in individual companies or whether you want to buy them collectively through a unit trust. Most unit trusts will let you buy units on a monthly subscription paid by standing order or direct debit from your current bank account and the usual minimum subscription is about �50 per month. Buying unit trusts (which invest in lots of shares) is less risky than buying the shares of one of two individual companies, and if you decide to go this route, have your unit trusts wrapped in an ISA where you can invest up to �7,000 a year tax free. I suggest you do a little more research before going ahead and Google the Hargreaves Lansdown website as it gives a lot of research and information on the various unit trust funds and other investments available. However, if you've got any debts I'd recommend you clear them first, and also have some "rainy day" money available for emergencies in a high yielding cash account as any kind of investing on the stock market can carry a risk of losing money.