theconrodkid
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| posted on 11/11/07 at 12:27 PM |
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anyone know about stocks and shares?
i have some shares,i would like to sell,anyone care to give me some advice as to how to go about it?
who cares who wins
pass the pork pies
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Paul TigerB6
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| posted on 11/11/07 at 01:01 PM |
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Its worth asking your local bank if they can sell them for you which may be your cheapest option (followed by them ringing you to offer their own
financial advice once the funds clear!!! ).
Barclays Bank are worth a try too as they have a stockbroking arm
http://www.stockbrokers.barclays.co.uk/?category=publicproductsandservices&middleusecase=publicproducts&usecase=publicstocksandshares&topu
secase=publicstocksandshares
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thunderace
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| posted on 11/11/07 at 01:23 PM |
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one big tip is to sell them half b4 april and half after to save on your tax bill.
i would see an advisor or join a forum if you dont know much about them.
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Paul TigerB6
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| posted on 11/11/07 at 01:40 PM |
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quote:
Originally posted by thunderace
one big tip is to sell them half b4 april and half after to save on your tax bill.
i would see an advisor or join a forum if you dont know much about them.
Depends on how much profit you are making on them but it would have to be a heck of a lot to mean you will pay capital gains tax (£9200 allowance for
the current year).
If the transaction is going to be in the tens of thousands then its worth seeking advice for sure.
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theconrodkid
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| posted on 11/11/07 at 02:25 PM |
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they seem to be free falling faster than an alfa romeo at the mo.
so i dont look a complete numpty,what do i do/take to barclays etc to grab the cash?
who cares who wins
pass the pork pies
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russbost
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| posted on 11/11/07 at 02:27 PM |
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You'll need the share certificate(s) & probably some ID. HTH
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Macbeast
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| posted on 11/11/07 at 02:43 PM |
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As said, you need to contact bank,say Barclays, Share Dealing arm. They will sell the shares for you either at current price or at a price you
specify. You have to have some proof that the shares are yours. If under the non-computerised system you actually have paper certificates you will
have to send them in at some point.
Be aware that Barclays will take commission. I have a few shares in something or other and it would cost more in the minimum commission than I would
get for them so they just sit there.
I don't think you could just roll up at your local branch and walk out ten minutes later with cash in your pocket. As far as I remember, you
have to wait until next settlement day (a fortnight? month? later before the deal is done and you get your money.
Confused ? Don't blame you
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theconrodkid
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| posted on 11/11/07 at 02:50 PM |
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i dont have paper shares as such,just the original i was given (now taken over by aviva) and the 1/4? dividend thingies (tech term).
ill give them a bell and see what gives,cheers for your help peeps
who cares who wins
pass the pork pies
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slim Jim
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| posted on 11/11/07 at 03:53 PM |
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If you have an acount with RBS you can 'do the deal' in one of their branches for a flat fee of £15. Natwest used do the same for their
account holders and may still do.
Most banks probaly do for existing account holders just by going in with the certificate and id.
See here
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Peteff
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| posted on 11/11/07 at 04:21 PM |
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If you contact the number on the shares dividend letter ans ask them they will most likely do the deal for you and get you a better price than a
trader.
yours, Pete
I went into the RSPCA office the other day. It was so small you could hardly swing a cat in there.
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wheelfelloff
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| posted on 11/11/07 at 05:01 PM |
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quote:
Originally posted by theconrodkid
i have some shares,i would like to sell,anyone care to give me some advice as to how to go about it?
I'm no expert but when settling up an estate recently we found the cheapest place to sell was the share centre:
http://www.share.com/webp/cert.htm
They charge 1% with a £7.50 minimum charge. The banks we approached had a much larger minimum and some charged more commision. These handled a variety
of share quantities quickly and without problems. Make sure you understand how the price is set (usually at a set trading time on the day you
authorise the sale). This site is for certificate sales but they also handle the others. No connection just a satisfied customer.
Keith
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