What is Halifax ShareBuilder?
Halifax ShareBuilder allows you to make small, regular investments and hold shares in lots of different companies. Buying small parcels of shares on a regular basis gives a pound cost averaging effect. This simply means that buying over the long term averages out any peaks and troughs in the share price. This is a cost effective way of buying shares that can minimise risk and enables you to hold a wider portfolio.
How does it work?
You save a regular monthly amount into your Halifax ShareBuilder Account by direct debit (or debit card). Starting from as little as £20 per month, you then invest these savings directly into the stocks and shares of your choice by setting up an online investment plan. You set up an investment plan by choosing one of the four pre-advised days per month to buy your shares and then you choose any number of individual company shares to put in your investment plan. The commission is an incredibly low £1.50 per purchase.
Here's an example
If you were to select XYZ plc and invest £75.00, and the shares cost £3.63 each, you will buy 20.146005 shares (that's £75.00 less £1.50 dealing costs, less £0.37 Stamp Duty, divided by £3.63 per share).
Here's how it's done
On the investment day you select, Halifax ShareBuilder takes your order and those of other customers and buys the shares of each company as one bulk deal. The shares are then allocated to you and each of the other customers according to the amount invested.
Additional purchases
As well as planned monthly investments AT £1.50 PER TRADE, you may wish to make additional immediate purchases into your Halifax ShareBuilder Account using Halifax Share Dealing's real-time online dealing system. The charge for buying and selling shares real-time is a flat rate of £11.95.
To take advantage of this offer, apply for the Halifax ShareBuilder.
Continue to Halifax ShareBuilder.
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