Online share dealing growing in popularity, according to Saga Share Direct

Source: Saga Share Direct

Research from Saga Share Direct has shown that online share dealing is now the most popular vehicle via which to trade shares, with three in four (73%) active share-traders now managing their trading accounts online**, up from 65% in January this year.

Most providers offer customers a far better deal via the web than by telephone, and with rates as low as £9.75 per trade for frequent dealers over 50 with Saga Share Direct, now is the time to get online.

The research shows that women are typically more savvy when it comes to their investments, with a third of women share-traders (31%) saying they have never made a loss on a trade, compared to just one in ten men who said the same (13%).

When it comes to selecting which shares to invest in, almost two in three of those aged over 50 (63%) will pick up tips from the personal finance pages in newspapers, as well as specialist investment magazines, compared to 50% of those aged under 50.

When asked why they chose share-dealing as part of their financial portfolio, well over half (57%) of all traders said it's to get a better return on their investments and 56% said they like the personal control over their investments that share-trading offers them. Saga Share Direct offers one of the best value share dealing services available on the market to the over 50s, for both frequent and occasional traders, so they can really make their money work in their favour.

Andrew Goodsell, Chief Executive of Saga, said: "Since the unsteady start of early summer, the FTSE 100 has rallied well and is now peaking at just over 6100. With more people returning to the market, demand for a well priced and comprehensive online share-trading service is high."

Saga Share Direct gives people over 50 access to an excellent value share-dealing service, whilst also offering a user-friendly share research centre, through which investors can plot charts, compare share prices against markets and market sectors and those registered with an account can obtain real-time quotes.

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