tezOfCity Posted May 29, 2016 Report Share Posted May 29, 2016 Have been looking in to ways to grow my money over the long term (8-10 years), and have come across the Halifax sharebuilding account. Essentially you set up a direct debit to pay in a regular amount, which is then insvested into shares that you pre select. It charges you £2.00 per transaction which seems pretty good compared to similar brokers. You are free to sell shares at any time or trade in real time, and receive dividends which you decide where to allocate. Just wondered if anyone had any experience/advice/cationary tales relating to this particular type of account. I've done as much research as one can on google but would appreciate hearing from anyone with personal expertise. Many thanks Link to comment Share on other sites More sharing options...
... Posted June 1, 2016 Report Share Posted June 1, 2016 Have you got 3 months worth of savings in a cash account, in case of emergencies? If not, DO NOT invest in shares until you have this back-stop. Investing in individual shares is pure gambling. Always spread the risk. If you feel the need to gamble in this way, start with investment trusts, which spread the risk. Alternatively, spread the risk over high-yielding UK stock market based funds. Look for blue-chip companies, as dividends are often as valuable as outright price performance. Oh yes. And ALWAYS wear a condom. Uncle TFR Link to comment Share on other sites More sharing options...
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