First I'll assume UK (and that you are over 18 and paying Tax in UK).
First you need to have a Bank or Building Society Account - if so, then ask your Building Society or Bank about a "Stocks & Shares ISA".
You can put in a max. of £7,000 per year and all gains are tax free (Dividend tax is paid by the Companies befor yyou gte the money = you can't recalim it anymore).
If you have more than £7,000 to invest this year, most Banks/Building Societies will open a 'normal' share dealing account almongside the ISA.
Their are also many 'share dealing only' comnpaines ..
Check out 'Fool' etc for best deals ..
NB> Avoid 'Financial Advisors' and Agents like the plague untill you have learnt enough to understand how they rip you off .. ESECIALLY don't get involved with any of the con-artists and scam merchants that post here :-) ... people with a Yahoo mail address are NOT members of major financial institutions
Day Trading, Spread Betting and Currency speculation is for peolle who can afford to loose every penny they 'invest' (and have about £100,000 to loose) .. and talking of 'pennies, DON'T get fooled into 'investing' in 'penny shares' (it's very easy for a share to drop a few pence .. if they start at 5p you don't have far to go before thy are worthless)
Finally, remember the world is full of people trying to part you from your money .. anyone who contacts YOU is on par with the double glazing and time-share salesman .. or is likley to be an out & out con-merchant (check out 'boiler rooms') or total scam artist (check out stock scams and penny share spammers)
2007-08-12 19:54:39
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answer #1
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answered by Steve B 7
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Assuming you reside in the U.S., there are several ways. You can open an account with a UK brokerage. You can open an account with a U.S. broker that allows trading in the UK market (check out Interactive Brokers). You can trade American Depositary Receipts (ADR) on UK stocks. Or you can simply buy an index fund tracking the performance of the UK market, such as iShares MSCI United Kingdom Index Fund (EWU).
2007-08-12 19:04:58
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answer #2
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answered by NC 7
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Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/ed075
2015-01-25 03:38:58
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answer #3
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answered by Anonymous
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