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Shares A Beginners Guide to Making Money Contents

14 Safety Tips

It's important to keep keep track of your portfolio and to print out a record of each of your share deals on paper if you use on-line broking as you may need them for the tax man.

If you have shares fore a long time you may still hold a share certificate but when you buy new shares you will find you only get a statement as certificates have been abolished.

Allotment letters

A missing renounceable allotment letter is dangerous. Should you lose this piece of paper tell the bank which dealt with the issue immediately, either by contacting them direct or through your own bank. A thief could forge your signature on the back of the document and make it marketable - although he would have to do this before the latest date for registration of the renunciation.

Never sign the form of renunciation on the back of the allotment letter until you are ready to post the letter to your stockbroker to meet a sale.

Remember to diarise the dates by which any instalments have to be paid. Failure to pay an instalment can cost you dear. Make a note to send your cheque a few days before the deadline.

Dealing

When telephoning an order to buy make sure that you give the exact number and description of the shares. Also see that your stockbroker has the correct name and address in which the shares are to be registered and check the details on the share certificate when you receive it. Phone calls to stockbrokers are now usually recorded so in the event of a mistake, it can be ascertained whether the fault was yours or the brokers.

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Last updated 19 January 2008.