JRM
- 08 Aug 2011 15:13
Hello,
I'm a bit of a traditionalist and like to deal with certificates but my financial prudence is taking a battering as my broker keeps pushing up the cost of me dealing in this manner.
I don't want a nominee account, but does anybody know a low cost broker who allows certificated deals to be done> I'm at the point of giving up because the buy cost, sell cost and certifiction costs mean every share I buy needs to do amazingly well just to break even!
kimoldfield
- 08 Aug 2011 16:11
- 6 of 8
There are a few more to trawl through here:-
http://www.moneyam.com/azbrokers/
;o)
JRM
- 08 Aug 2011 19:00
- 7 of 8
Thanks, I'll be busy for a while> Despite all the bargains I've no urge to buy....................
hangon
- 09 Aug 2011 10:42
- 8 of 8
Whilst Nominee has some advantages yr Broker may make a quarterly charge just for doing nothing, - that's worse than ISA charges I hear.
Certificated stocks are the only "real" investments - all the others are bets in one form or another. ISA (and PEP before) were a bad idea dreamt up by Brokers as an alternative to Funds, which never seems to do very well against FTSE Trackers. Of course there are some Funds that are good, but you have to buy at a low to be sure of much action.
Nominee accounts can freeze - if your Broker is overloaded, or has a computer failure, etc. so they are never as flexible as Certs - which could be used as collateral whereas I doubt anyone would accept a Nominee stockholding. Most companies still don't recognise individals that don't have Certificates.
I agree you need to see a good rise to achieve a real profit, after all the snouts have been filled, but perhaps that should make us a bit more selective? However, over Time, good stocks do rise, but you must not be tempted to buy when everyone else is...that way you (and I) pay too much!
Er, not that applies to me, I still buy rubbish whenever I deal - kiss of death, my buys.
This is not a buyers market . . . although some rotten stocks are bouncing about, the real value stocks are losing what was never there.
Dividends, year on year - The only measure - along with the votes at an agm by folk whose money is in the shares, not Institutions who hold sway, with our pension money - the whole system is rotten, IMHO.