Naomi from Manchester Posted April 4, 2014 Share Posted April 4, 2014 Hi, someone's just given my newborn daughter a few hundred $. I could open a savings account for her, but since we're not in a position to make much in the way of regular payments until I go back to work in 12 months time, I thought it would be more fun to buy her shares or something instead ... maybe in chocolate (for no other reason than I love chocolate and she probably will too). Can anyone advise on how to go about buying shares in trust for someone else; can I just do it myself on line? Or can anyone recommend something better to do with her present? Apparently I have a small amount in premium bonds back in the UK, but nothing's ever come of it! Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted April 9, 2014 Share Posted April 9, 2014 Hi Naomi It is pretty straight forward to set up an online share trading account however given the brokerage charge of buying and selling all for a few hundred dollars it may not be worthwhile, for example if it cost $30 to place the trade then that is 10% of the $300. That said there are sometimes offers by online share trading companies/platforms whereby they give the first few trades free or give a trade allowance of a few hundred dollars. Lots of online trading platforms out there, just google it. Regards Andy Link to comment Share on other sites More sharing options...
Naomi from Manchester Posted April 10, 2014 Author Share Posted April 10, 2014 Thanks for the info, much appreciated Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.