FCA regulated stocks and share starting small

[alitech]

Hope some people here have some experience with this stuff. I dont have any experience in trading and would like to start somewhere. Can anyone recommend a firm where I can open a small account say £1000 for investment opportunities in stocks, shares or hedge funds? Dont care about the size of the company as long as they are FCA regulated. I recently got cold called by a company called Globus Capital Limited who offer this service and I looked them up and they were not FCA regulated and have only started the company so I have not really taken them up, however it gave me an idea to go and search for other companies who offer similar services but are regulated so the money is secure.

Just want to dabble in this. Dont have the time to actively work on this which is why I prefer to open an account and let the traders do their thing. I am obviously aware of the risks here which is why I want to open a small account just to try things out. Again, because I dont have a lot of experience, I may seek guidance on what sort of stocks should be considered, penny stocks, property or fast eastern markets, not sure of all that.

Any ideas?

 

[tony84]

Your bank?
There is a central register on the stock exchange website I think.

 

[alitech]

What do you mean by my bank? I'll have a look for this register but I was asking for advice from people who have actually done something similar and with which company

 

[alitech]

In other words, if you have done something like this, what was your experience? Who did you do it with? What would you recommend? Was it worthwhile for you?

 

[tony84]

I just meant with your bank - they will be FCA regulated, examples below.

http://personal.rbs.co.uk/personal/investments.html
http://www.barclays.co.uk/BarclaysInvestorZone/InvestmentISAStocksandsharesISA/P1242586422530

No experience personally investing in stocks and shares.

 

[alitech]

Not interested in ISAs really. It's boring and sluggish and gains (or losses) are tiny. Need something a bit more exciting. Like +0-8% to 10% monthly. Will pay tax on it obviously.

 

[garyk]

Yes but many banks offer share dealing as an added service. If you want to go with one of the bigger brokers then hargreaves lansdowne are a reputable firm. Avoid any firm that is not FCA regulated as by law they have to report all trades to the FCA.

 

[Bob]

I had a nice man telephone me last year who told me he could make 40% a month and would I like to "invest"

 

[alitech]

Bob yeah I would definitely steer clear of those guys. I'm happy with 10% really. I want to dabble into this as an extra income source.

Garyk. I will call my bank barclays to see what they offer. I just need someone to do the trading for me because they will know what they are doing, just using my money. Happy to pay a commission but I want gains.

 

[CKG]

You wont make anything quickly in the 'retail' markets with £1000. It's a capital and percentage game - you'll be eaten alive in fees or be making huge gambles. The best investors in the world average 20% annually over decades with acceptable levels of risk. You probably wont beat the market unless your do your own deals and are using leverage - risk then rises exponentially.

Shove the grand in an exchange traded index tracking fund and over the long term you'll do better than most.

I'm not a financial adviser - just an enthusiastic private investor.

 

[Matt1959]

I use hargreaves lansdown. They charge 11.95 per transaction which comes down to 8.95 if you more than 10 in a month. Not the cheapest but their website is really intuitive and they do live prices free of charge if you have an account.

 

[pentel]

10% per month.... if only..... if anyone suggests this is possible over the long term then be very scared..... if it were possible your £1000 would turn to £2,700,000 in 7 years... if this was possible do you think anyone would invest in a pension? or anywhere else....

Discretionary trading usually needs a minimum investment of £250,000 and in my experience the trader will be the winner earning far more in fees than you will gain.

Probably a better chance of making that sort of return putting in on an odds on favourite...

 

[alitech]

Thanks for all your replies guys. They are making total sense. All I need is your knowledge so go easy