If you applied – and got - Royal Mail shares, what should you do with them?
Royal Mail shares aren’t due to start trading until Tuesday, but ‘conditional’ trading has already got underway (which is when institutions trade with each other and some individuals can trade through a broker). Shares started conditional trading at £3.30, but soon rose sharply in value. So what should you do if you have shares in Royal Mail?
Stocks and shares ISAs; understanding how they work.
It's not the tax-efficient wrapper, but what's inside your stocks and shares ISA that matters.
Are you thinking of investing in an ISA? With interest rates on savings accounts so low it may be tempting to consider investing instead. This year (2013/14) you can pay up to £11,520 into a stocks and shares ISA (minus anything you have in a cash ISA) and these ISAs are popular in part because they have a tax efficient 'wrapper'. But it's what's underneath the wrapper that's important and ISAs that look very similar on the surface can be quite different in reality.
What are permanent interest bearing shares or PIBs?
PIBs are a type of bond that is supposed to pay a permanent income, but it's not that straightforward.
If you’ve never heard of PIBs, or permanent interest bearing shares, you’re not alone. Until the Co-op bank financial black hole, they rarely made the news. But they have been used by investors to generate an income for many years. However, they are certainly not without their risks.