Speedy PLC – Shares for Beginners
Speedy PLC – Shares for Beginners
I have only recently started looking into buying and selling shares and I have learnt a few things along the way, I will share these with you and if you have any advice as well for us beginners then feel free to comment.
- Volume – It sounds really simple but if you want to earn a quick few hundred/thousands of pound then buy in bulk. I have found that by buying in quantities of 20,000 shares that I’ll gain £200 for every 1p increase, but it can go the other way, if it goes down 1p then you lose £200.
- Share Account – I’m with Lloyds TSB and I find that if you regularly buy and sell shares (I forget the figure) you can decrease the commission they charge from £15 to £11.50 per transaction.
- Best Buy – Although it allows you to buy or sell shares at that exact moment in time by offering you a quote that second (which you must accept within 10 seconds otherwise it expires) can be very good but I have found it doesn’t necessarily give you the ‘Best Offer’ that you can get, only at that time with the amount of shares you want to sell or buy etc.
I have found by setting a stop limit amount, either sell no less than or buy no more than can sometimes be the better option. I usually set it close to the market price but by a penny either side.
Don’t forget share prices can be affected by a number of factors, it’s good to know what to look for, see my previous articles for what affects share prices.
