Help Buying Shares

[Calaen]

Anyone have any experience in buying and selling shares?

My wife has just had a business meeting in London and was handed a hush hush tip, but I have no idea even where to begin

 

[Chilly]

iii.co.uk - and well done you've just admitted to conspiracy to commit insider trading.

 

[old.user4556]

My advice and experience in buying and selling shares, is to not listen to other people's advice in buying and selling shares.

 

[Jupitus]

Ooops - and my brother is a trading cop for the FSA

 

[Calaen]

Looking at it I already need to be a millionaire in order to buy enough shares to see a worthwhile profit anyway.

Pile of shite.

 

[rynnor]

Dont forget Capital Gains Tax and tax payable on dividends

I would wait for the next BP bad news then buy BP shares - its an incredibly undervalued share currently - imo ofc.

If you do want to buy shares go for a self dealing share isa - if you do make any gains they wont be taxable.

 

[Calaen]

Ooops - and my brother is a trading cop for the FSA

I'm suprised he's still in a job after letting the banks get away with day light robbery for so long

 

[Calaen]

Dont forget Capital Gains Tax and tax payable on dividends

I would wait for the next BP bad news then buy BP shares - its an incredibly undervalued share currently - imo ofc.

If you do want to buy shares go for a self dealing share isa - if you do make any gains they wont be taxable.

Oh that sounds interesting, cann you point me in a sensible direction to find out more info?

 

[rynnor]

Should you choose a self-select Isa? | This is Money

 

[Calaen]

much appreciated!

 

[taB]

Sod shares - buy wine. Pagodes de Cos 2009 released today at £400 - a mere 60% price increase on the near comparable quality 2008. Bargain...

 

[Scouse]

well done you've just admitted to conspiracy to commit insider trading.

Like insider trading doesn't go on all the time. The higher up you get, the more it happens...

 

[Calaen]

It's all just text to me anyway. I'll stick to just spending money on myself over gambling it to be honest.

 

[Jupitus]

I'm suprised he's still in a job after letting the banks get away with day light robbery for so long

He's not been there that long

 

[Calaen]

Ah new blood!!! Anyway tell him to buy shares in Thundercats I hear it's going to explode!

 

[Marc]

Im in a bit of a pickle at the moment. I know of a company that is going to become a PLC soon. I also know the industry that the company is in and I know that within 5 years of flotation, the share price will rocket, but im unsure wether its insider trading or not if I was to buy shares on flotation

 

[Calaen]

Well fucking tell me then

 

[gunner440]

Do you even understand the consequences?

 

[Marc]

Do you even understand the consequences?

No, I meant as to wether it is insider trading. Basically, they were clients of ours, and I was the audit manager for 4 years. Because they want to float they changed accountants to a bigger firm so when they actually float, I wont have anything to do with the company. My boss reckons its not insider trading but im not so sure.

 

[Jupitus]

They are not currently a listed company and have no shares trading right now so having knowledge of them is of no importance. When they float you are perfectly entitled to buy some shares if you think the price is good and they have good prospects, no insider trading angle there.

 

[Marc]

They are not currently a listed company and have no shares trading right now so having knowledge of them is of no importance. When they float you are perfectly entitled to buy some shares if you think the price is good and they have good prospects, no insider trading angle there.

Sweeeet!

 

[gunner440]

Im in a bit of a pickle at the moment. I know of a company that is going to become a PLC soon. I also know the industry that the company is in and I know that within 5 years of flotation, the share price will rocket, but im unsure wether its insider trading or not if I was to buy shares on flotation

It'll most likely be linked to how you came across the information. Has it been announced to the public? Or is it just the 'knowledge' (referred to as if it were a tangible item) getting leaked via 3rd parties from someone supposedly directly involved?

If it's the latter, it's a form of stealing if I remember correct.

If suspected they'll probably assess the remoteness of you buying shares to the situation. Whether you want to risk it is another thing.

 

[Marc]

It'll most likely be linked to how you came across the information. Has it been announced to the public? Or is it just the 'knowledge' (referred to as if it were a tangible item) getting leaked via 3rd parties from someone supposedly directly involved?

If it's the latter, it's a form of stealing if I remember correct.

If suspected they'll probably assess the remoteness of you buying shares to the situation. Whether you want to risk it is another thing.

The infomation hasnt been announced to the public no. The info I have is from my time as audit manager and all the meetings I had with the directors during the audit

 

[gunner440]

No, I meant as to wether it is insider trading. Basically, they were clients of ours, and I was the audit manager for 4 years. Because they want to float they changed accountants to a bigger firm so when they actually float, I wont have anything to do with the company. My boss reckons its not insider trading but im not so sure.

The consequences remark was aimed more at Calaen. I hope he realises it's not like a tip on a horse race. These things have serious consequences.

@ Marc Now you've said audit manager, that adds a bit of spice to the whole independence mix :| Working in audit myself I'd go with no. Just no

As an auditor, the authorities would probably deem your duty of care regarding insider trading would be expected to be higher than that of an 'average man'.

 

[dysfunction]

..."knowing" the share price will rocket...well, nothing is guaranteed!

 

[Scouse]

No, I meant as to wether it is insider trading. Basically, they were clients of ours, and I was the audit manager for 4 years. Because they want to float they changed accountants to a bigger firm so when they actually float, I wont have anything to do with the company. My boss reckons its not insider trading but im not so sure.

No it's not.

It's called common sense, and businessmen use it all the time.

If you're sure its shares won't just hit the floor then buy buy buy

..."knowing" the share price will rocket...well, nothing is guaranteed!

Yep. Every director of a company that's about to float thinks the share price is going to go up....

 

[Chilly]

 

[Calaen]

The consequences remark was aimed more at Calaen. I hope he realises it's not like a tip on a horse race. These things have serious consequences.
.

I've already counted myself out, it's far too much fuck on for a simple guy like myself.

I imagine it goes on though everyday. And it is a gamble after all!

 

[WPKenny]

The consequences remark was aimed more at Calaen. I hope he realises it's not like a tip on a horse race. These things have serious consequences.

@ Marc Now you've said audit manager, that adds a bit of spice to the whole independence mix :| Working in audit myself I'd go with no. Just no

As an auditor, the authorities would probably deem your duty of care regarding insider trading would be expected to be higher than that of an 'average man'.

I have no idea about shares but have always thought about buying them. What do you mean by "consequences"?

 

[Roo Stercogburn]

Shares <> Savings

Dabblers should only invest money they can afford to lose.