Penny shares/ low cost shares where to buy ?

[earsup]

Agreed to help an 82 year old neighbour who said he would like to purchase some penny shares for a hobby....i have spent hours on internet going round and round...searches and links seem to lead to articles and more articles about the bloody thing...just want to know where to buy them....help !!

Read this to give you a start:
https://www.finder.com/uk/penny-stocks#:~:text=Yes%2C%20you%20can%20buy%20and,for%20larger%2C%20better%20established%20companies.

Freetrade

I'll send you a referral code if you like and we both get a free share 😉

hi
yes please !!

seems like it broke rules ??

@earsup I've pm'd you x

I just buy them in my interactive investor account ( both in stocks and shares ISA and regular shares account). though to be fair my penny stock holdings are mainly llloyds bank.

Why penny shares? Just because they are low in cost per share doesn't mean they will increase any more. Ask yourself why they are penny shares in the first place. Buying individual shares is likely to be cost prohibitive anyway once you factor in buy/sell fees.

There are platforms such as Freetrade where you can buy fractional shares of larger companies for low/no cost, although they are becoming more restrictive what shares you can buy on their free account.

I would be cautious with how much you get involved, incase you get any backlash if your neighbour loses money from these investments.

I totally understand that you're just trying to help them out, but from a legal stand point, it could be seen as unqualified financial advice. If they want to invest, then they should either be doing the research themselves so that they know and understand exactly where their money is going, and is 100% their own choice, or contact a financial advisor.

appreciate the comment, roger is 82, retired scientist, he only wants to spend about 100 quid for a bit of fun..have directed him to the sites etc suggested...he then gets on with it...!..he is quite wealthy and has lots of investments so knows his stuff !

DH and his colleagues used the tea money to invest in 1p shares.
This was in 1997. When they retired they cashed in and made a very small profit.
Retired in 2017.