Advice Required: Medium-Term AIM

AlexAlex

Newbie
4 0
Hi there,

I would like to buy around £500 worth of a particular AIM stock and I expect to keep it for 1-2 years. That is all. What platform would you recommend for minimising commission and other costs?

Thanks in advance!
 
M

member275544

0 0
Hi there,

I would like to buy around £500 worth of a particular AIM stock and I expect to keep it for 1-2 years. That is all. What platform would you recommend for minimising commission and other costs?

Thanks in advance!

which stock?
 
M

member275544

0 0
Rosslyn Data Technologies (RDT)

I was thinking of a platform that would potentially have been the cheapest, using spread betting without overnight financing. Unfortunately they don't provide RDT.
I'd probably have said the cheapest would be an account with iweb which will charge you £5 plus any stamp duty.
hold it for as long as you like, pay another 5 when you sell the shares

(if that isn't clear, I mean purchase shares in RDT using an execution only broker called iweb)
if you can, open a shares ISA account and purchase it through that, and any gains is tax free as long as you haven't used your quota for the year
 

AlexAlex

Newbie
4 0
I was thinking of a platform that would potentially have been the cheapest, using spread betting without overnight financing. Unfortunately they don't provide RDT.
I'd probably have said the cheapest would be an account with iweb which will charge you £5 plus any stamp duty.
hold it for as long as you like, pay another 5 when you sell the shares

(if that isn't clear, I mean purchase shares in RDT using an execution only broker called iweb)
if you can, open a shares ISA account and purchase it through that, and any gains is tax free as long as you haven't used your quota for the year

Thank you very much for your advice; really appreciated. Not entirely sure that it would be worth buying the shares if I have to pay £25 to open the account and then £10 to open+close the trade.
 
M

member275544

0 0
Thank you very much for your advice; really appreciated. Not entirely sure that it would be worth buying the shares if I have to pay £25 to open the account and then £10 to open+close the trade.

No problem Alex, with regard to the £25 that I believe is just for the isa account. So yes, that said £500 I can't see a return taking you over your CGT allowance for the year so I'd stick with the traditional account. I can't see any cheaper way of purchasing the shares..iweb are the cheapest I believe. You can get one (I forget the broker) for 4.50 or 4.75 but they charge a quarterly inactivity fee.
anyway, good luck with that

the alternative I had in mind, was formerly Gecko (now ayondo) which allow you to spreadbet without any leverage/margin so you don't incur any overnight charges. For your timescale, that would have been ideal but they are limited in their products. If you find something else, you could check with them to see if you can trade that stock.
Post edit:it seems the 25 is for the traditional account also (which sucks). apologies for that Alex. however advice still stands if (and thats a big IF) you were indeed hellbent on RDT. personally, I look to buy things that are on the way up, rather than down but that is just me and my philosophy.
 
Last edited by a moderator:

AlexAlex

Newbie
4 0
No problem Alex, with regard to the £25 that I believe is just for the isa account. So yes, that said £500 I can't see a return taking you over your CGT allowance for the year so I'd stick with the traditional account. I can't see any cheaper way of purchasing the shares..iweb are the cheapest I believe. You can get one (I forget the broker) for 4.50 or 4.75 but they charge a quarterly inactivity fee.
anyway, good luck with that

the alternative I had in mind, was formerly Gecko (now ayondo) which allow you to spreadbet without any leverage/margin so you don't incur any overnight charges. For your timescale, that would have been ideal but they are limited in their products. If you find something else, you could check with them to see if you can trade that stock.
Post edit:it seems the 25 is for the traditional account also (which sucks). apologies for that Alex. however advice still stands if (and thats a big IF) you were indeed hellbent on RDT. personally, I look to buy things that are on the way up, rather than down but that is just me and my philosophy.

I'll look into Ayondo. My interest in RDT was sparked when I sat in on a meeting with the CEO and some other management person. They seemed pretty positive and, having read about RDT, I thought I'd give them a shot. But as a newbie to all this I don't know how much BS it all is.
 
M

member275544

0 0
I'll look into Ayondo. My interest in RDT was sparked when I sat in on a meeting with the CEO and some other management person. They seemed pretty positive and, having read about RDT, I thought I'd give them a shot. But as a newbie to all this I don't know how much BS it all is.

I'm a mngt consultant, I sit in meetings all the time with CFOs and of course they feel positive, not a great leadership style to go around saying to all your minions "we're doomed" :LOL:
Premier foods is one example, they did a transformation program with Accenture on board, top management brought in from M&S to oversee it all and me of course, and look what happened to them!
Keep an eye on the stock, but wait for things to turn around is all I'd say
 
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Hate2Lose

Active member
155 3
Hi there,

I would like to buy around £500 worth of a particular AIM stock and I expect to keep it for 1-2 years. That is all. What platform would you recommend for minimising commission and other costs?

Thanks in advance!

CFDs or conventional?

Accendo Markets give you most AIM stocks on CFDs, Share Centre for conventional shares. Both very reasonable.
 
 
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