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How do I purchase direct shares??

Discussion in 'Shares' started by Jenny, 21st Nov, 2007.

  1. Jenny

    Jenny Well-Known Member

    Joined:
    15th Aug, 2005
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    103
    Location:
    Canberra
    OK, let me set the scene.

    I casually rang my sibling a short while ago just for a short chat. He said it wasn't a good time as he was meeting with colleagues, but to write this down.
    Somebody had shared with him that it may be a good idea to buy xxxx shares, and perhaps I should too.

    I don't have any direct shares, only managed funds. My question is, what is the quickest simplest way to purchase shares. (I'm a novice).

    cheers
    speccy Jenny
     
  2. hiflo

    hiflo Well-Known Member

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    Sydney, NSW
    You'll have to open a trading account- netwealth, Etrade, commsec or any other providers- fill out forms and post it.

    Once the account is open you place the money (or borrow the money to purchase) into that trading account. You could send the money by cheque on application.

    Then you execute an order on line or via phone.
     
  3. Jenny

    Jenny Well-Known Member

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    Location:
    Canberra
    Thanks Hiflo

    I was hoping to avoid opening an account as I hear this is a long process. Isn't there a quicker way??

    Jenny
     
  4. Nigel Ward

    Nigel Ward Team InvestEd

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    Are you sure this "hot tip" is such a good idea? Should you base your investment strategy around urgent gossip or a sound set of well considered and tested principles. I guess this is possibly just speculation. If you feel like a flutter why not wander down to the casino and stick it all on black :D

    Had you heard of the company before? Do you know what they do and what the key drivers for their business are?

    How reliable is your information? Is it inside information such that there may be potential liability for insider trading?

    Just some observations. Not trying to be critical, just trying to help you reality check the situation. ;)

    Cheers
    N.
     
  5. Jenny

    Jenny Well-Known Member

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    Thanks Nige for your concern. Boy you sound just like me. And I understand exactly where you are coming from.

    All is above board.

    Yes, this is a flutter.

    Never been to a casino, got as far as the front door once and the stench of stale cigarette smoke sent me reeling backwards and hurriedly retreated.

    Never been to a tab either.

    But just sometimes that little voice within says "why not".

    The kids wont starve and this won't compromise the shirt on my back so........................why not?

    Jenny
     
  6. Nigel Ward

    Nigel Ward Team InvestEd

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    Fair 'nuff. :)

    As I said good luck with the "flutter"! :D
     
  7. Glebe

    Glebe Well-Known Member

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    Jenny

    Did you end up having a go?
     
  8. Simon

    Simon Well-Known Member

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    Location:
    Newcastle
    What was the stock? Not that I would buy on the strength of a lady on the internets tip from her brother :eek: but I am curious as to how you went.

    I have had two tips from a family friend about companies he was aware of in his industry - not insider stuff. On both times I didn't buy but other family members did. The companies did very well. Sometimes a hot tip can be terrific.

    Difficulty is telling which ones are worth buying :D:D