So the Royal Mail Shares IPO has been and gone and many newcomers bought Royal Mail shares to become shareholders for the first time.
If you’re one of them then now what?
Your actions from here will depend on whether you are planning to stay a shareholder or are just looking for a quick profit.
If you’re looking to stay a shareholder and add more shares to your portfolio then stick with me because I’m going to talk about that later in this post.
But if you’re looking to sell your Royal Mail shares and don’t know how, then here’s what you need to do next.
How To Sell Your Royal Mail Shares
Many people buying Royal Mail shares were very disappointed to only receive 227 shares, worth about £750.
At the time of writing this post, Royal Mail shares are trading at 526p each and therefore showing a nice short-term gain of 59%.
Thus your shares will now be worth £1,194 in total.
If that money is burning a hole in your pocket or you’d like to invest it into something else then you’ll need to find a broker to sell your Royal Mail shares for you.
If you already have a broker who bought them for you then it’s easy – just go back to your broker and ask them to sell them.
However, if you’re new to share investing and don’t have a broker yet and you bought your shares via the official Government website then you’ll need to take a different route.
As your shares are held in paper form known as a share certificate, you need to find a broker that will let you trade your shares in this paper certificate form (not all will).
One option is via Equiniti, which is mentioned on the official Government site but if you trade them over the phone it is very expensive – £50. My advice is not to do this.
Other brokers will allow you to trade via share certificates for less than half this cost – typically in the £17.50 to £25 price range.
High Street banks are a reasonable bet such as Barclays Stockbrokers, Halifax Share Dealing or Natwest Brokerline.
Either look them up online, phone up your local branch or just call in to see them and they’ll sort you out.
What If I Want To Keep My Royal Mail Shares And Start Building My Portfolio?
If you want to keep your Royal Mail shares and start buying others to create a little share portfolio for yourself then that’s tremendous – welcome to the brave new world of investing!
In your case, you’ll still need a broker to buy and sell your shares for you in the future but you need to consider a whole lot more besides.
You really need to think about what your investment strategy is going to be.
You need to think about how long you will be investing for and the level of risk you are prepared to take with your money.
You’ll need to learn how to work out which shares to buy from all the thousands of different ones available.
You’ll need to work out when it’s the best time to buy and sell.
And it will also help if you know how to build a balanced portfolio, putting the right amount of money into each share.
How To Start Investing In Shares
Of course, you can learn all this stuff yourself by trial and error methods or you can get some help.
A good place to start is by entering your name and email address into one of the boxes on this page to get a free copy of my e-book – “How To Invest In Shares.”
Secondly, you can try my home study course, which teaches you everything you need to know to transform yourself from a saver to an investor and start tripling your investment returns at the same time.
Alternatively, if you’d like to speak to me about anything then you can apply for one of my “Stock Market Success Breakthrough” sessions.
I only have a few slots available each month, but if you’re lucky, you’ll get to speak to me directly in a free coaching session and you’ll get started on your personal investment journey much quicker.