Barclays stockbrokers share tips

By: Docha Date: 26.05.2017
barclays stockbrokers share tips

We no longer check to see whether Telegraph. To see our content at its best we recommend upgrading if you wish to continue using IE or using another browser such as Firefox, Safari or Google Chrome. Your Money today publishes the shocking account of a couple who lost their life savings, in part because an online stockbroker allowed them to borrow thousands of pounds to invest in shares. The case emerges just as many stockbrokers, which traditionally served wealthy and experienced investors, enter the mainstream.

These brokers now seek to attract savers with smaller pots of money and less experience of the stock market. Despite never having traded in shares before, the couple were given access to thousands of pounds of borrowed cash to invest immediately in As share prices plummeted, Mr Prinzi and Mrs Freitas panicked and tried to use the credit facility to recover their losses.

Share of the Week - Barclays Stockbrokers

They borrowed extra money, making speculative bets on shares they hoped to sell at a profit. Is buying shares any better than backing horses?

How The Stock Exchange Works (For Dummies)

The cheapest ways to invest in shares. Cost of investing to tumble this week. But the first-time investors soon became embroiled in a vicious cycle: Using the account without any experience or advice destroyed our life. They moved to Portugal, where they now live, as a result of the losses. The credit tool in question is available to all investors, regardless of age, expertise or wealth, who open a MarketMaster account.

Subsequently, the more they invest, the more they can borrow. This is designed to allow investors to grab stock market opportunities if their account balance is low. But it also allows for extreme risk-taking — accidental or intentional — whereby savers can borrow multiple times before repaying the debt.

Posts on internet forums suggest that other novice investors, including students, have suffered after using the credit tool this way. Such cases raise questions about whether inexperienced investors should be given access to high-risk trading tools, often when they have not been requested and when the consequences can be so extreme.

Barclays insisted its tool was never intended to be used in the manner adopted by Mr Prinzi and Mrs Freitas and cited only a handful of similar complaints. If share prices fall and their money is called in, investors are finished. The Financial Conduct Authority, the City regulator, will within months publish an investigation into whether DIY investing services should improve to stop customers making grievous mistakes.

A spokesman for Barclays Stockbrokers said: We offer a range of products to meet the needs of different investors.

The 10 overseas shares most popular with British investors - Telegraph

The story of Gianpaolo Prinzi and Fernanda Freitas pictured above began in late , when Mr Prinzi sold his three-bedroom house in Wembley. The rest was invested in shares for retirement. Mr Prinzi, who worked for the Jordanian royal family in Kensington and later as a security engineer, opened a MarketMaster account with Barclays.

This provides instant credit to buy shares. The money must be repaid within three days by card or direct debit. Mr Prinzi saw 98 direct debits returned unpaid, using credit in a series of manoeuvres to invest up to pc of the value of his holdings.

barclays stockbrokers share tips

Howard Marks, an Oxford University graduate turned drug smuggler, made millions. Now he eagerly awaits royalty cheques. Paul Daniels wasted too much on Ferraris but has made a fortune on his home - despite the flood. Following George Osborne's announcement of the Budget, The Telegraph looks at the numbers on the UK's economy and financial health.

George Osborne should simply abandon changes that will reduce incentives to save and create yet more uncertainty. A light-hearted quiz about the gaping maw of financial misery that perpetually threatens to devour us all. Accessibility links Skip to article Skip to navigation. Saturday 17 June James Bartholomew The real reason stock markets plunged in January.

Online Share Dealing & Stock Trading - Barclays Stockbrokers

William Littlewood China in crisis? Another credit crunch in the West is far more likely. Andrew Oxlade Time to panic? No, follow the investment rulebook. James Anderson This is why I'm worried for investors in the FTSE The kitchen coup — how cash shifted the balance of power over household chores. The inspector calls — and house prices jump. How the Ofsted effect could add thousands to the value of your house or send it sliding.

George Osborne's speech in charts. Just stop tampering with pensions, Chancellor. How much should you be panicking about your finances? More people in their 70s in higher tax bracket than those in their thirties.

HOME Finance Financial Crisis Debt Crisis Live Markets Banks and Finance City Diary. Economics Transport Media and Telecoms Energy Retail News. Personal Finance Your Business Investing Savings Student Finance Jobs Job Search. Companies China business Money Deals Money Transfers Comment Alex Find an IFA. Contact us Privacy and Cookies Advertising Fantasy Football Tickets Announcements Reader Prints.

barclays stockbrokers share tips

Follow Us Apps Epaper Expat Promotions Subscriber Syndication.

inserted by FC2 system