Southern California Bank Levies to Enforce a Judgment: You Need to KNOW

Here are some need to KNOW tips to ensure the success of your levy.

KNOW the Bank

Since AB 2364 was passed and enacted into law in California Code of Civil Procedure Section 684.115, as of January 15, 2013, banks with more than nine branches in the state had to either elect a specific branch for services, including bank levies, or, their failure to elect is deemed an election that any branch is proper for service. Under the new law, the California Department of Financial Institutions (now, the California Department of Business Oversight) had to publish the bank’s designations on their website.

So, go to the CDBOs website, and under the “Service of Legal Process”, you will find the list. Pay close attention to the information. First, determine whether the bank is on the list. If they aren’t, you can serve a bank levy at any branch. A glaring example of absence on the list is Wells Fargo. On the other hand, if they are on the list, for instance, Bank of America, you should note three things, 1) the proper name of the bank, not just the trade name, “Bank of America, N.A.”; 2) the address for service, which in Bank of America’s case, is only one address, and it’s in downtown Los Angeles. That means every bank levy in the State of California for Bank of America has to go through the downtown Los Angeles location listed and is done through the downtown Los Angeles Sheriff’s Office; 3) the days and hours for service, Bank of America only allows service from 9-2, Mon-Fri.

KNOW the County Sheriff

Now that you KNOW the bank, you KNOW which Sheriff’s office (the “Levying Officer”) you are going to have to go through for the levy, and that means you can order your Writ of Execution from the court that issued your judgment for the county where the bank’s designated branch for service is. Now, you need to familiarize yourself with the Sheriff. Go to their website, and read all their information regarding Civil Processes. You’ll note for the Los Angeles Sheriff that they have a nice tracking system on-line that shows when service was made, information on the writ, and pending and past payments. Also, if the Sheriff has form Sheriff’s Instructions specifically for a bank levy on their system, it’s not mandatory, but it’s a good idea to use them simply because the Sheriff will be familiar with the form.

Next, you need to decide whether you are going to open the bank levy file and have the Sheriff serve the bank levy or you are going to utilize a Registered Process Server (RPS). This depends on several factors: 1) Do you need the service to occur on a specific date? 2) Are you in a rush to complete the bank levy? 3) Do you want to complete the bank levy as inexpensively as possible? You might want to call the Sheriff and ask how long it takes for them to serve a bank levy. At the time of the writing of this article, the Los Angeles County Sheriff’s backlog for levies was well over three months, so unless you are okay with waiting and not knowing when the bank levy will “hit”, you might want to use an RPS.

KNOW your RPS

Only use an RPS that is experienced with bank levies. Don’t just hire the cheapest RPS and assume they know what they are doing. In fact, some RPSs won’t do full bank levies, which includes: opening the file with the Sheriff, serving the levy on the bank, and closing the file with the Sheriff. And, as far as I know, none of them will prepare the paperwork. There’s a reason for that. It’s a lot of paperwork, and it must be prepared perfectly, and the steps must be timed correctly. You usually only get one bite at the apple when it comes to bank levies, so, if the Sheriff rejects your paperwork after your RPS makes service on the bank, you will be S.O.L. (which is not an acronym for Statute of Limitations), because your Judgment Debtor will find out about the levy from the bank, and he or she will likely close the bank account or withdraw all or most of the money.

Suffice it to say that doing a bank levy using the Sheriff as the server is much easier than using an RPS because of the complications involved with the paperwork and the number of steps. In fact, caveat-you should carefully consider using a judgment enforcer or attorney if you are going to do a bank levy and need to use an RPS. It’s quite the ordeal. There are five distinct steps and no less than 13 documents that have to be prepared for an RPS bank levy.

KNOW your Judgment Debtor

This ties in to KNOW your Sheriff and RPS and your decision on whether to proceed with the Sheriff or with an RPS. If it’s a small dollar judgment and you have no idea how much money, if any, the judgment debtor has in the bank, or if you are certain the judgment debtor has a good Claim of Exemption and you just want to get their attention, you might want to use the Sheriff and save yourself some money.

However, if you KNOW the judgment debtor gets paid via auto-deposit on every other Thursday, you might want to have an RPS serve the bank levy on the following Friday. Or, if you know, the judgment debtor just sold his house and you know the close of escrow date, again, you might want to have an RPS serve the bank levy. Or, maybe you know the judgment debtor always gets a company bonus on a certain date… the scenarios are endless, and hopefully, so is your success.

So… KNOW your bank levy.

California Specific Documents Vs Generic Forms

California has its own laws and requirements. When we use generic forms that are intended to be used in any state, these California specific laws may be overlooked. For example, I have had a great deal of trouble finding the proper California notary language on legal forms online. If the document is not properly notarized, it may not work. You can’t afford to have your documents not work because when you most need them you won’t be here to fix them.

Another big difference lies in the fact that California is also one of nine community property states. This status provides a great deal of benefit from a capital gains perspective for married couples upon the first death. It is important to use community property language in the legal estate planning documents. Determining what is community property and what is separate property in California could be the worst part of the whole estate plan if it isn’t addressed from the beginning. You can only give away what you own. You may not own what you think. Community property formulas are very messy and often require hiring forensic accountants to trace back how assets were acquired and paid for over the many years of the marriage. My clients always sign an aggregate property agreement to clearly opt-out of California “item theory” which states that each person owns one-half of each item. The problem with item theory is that it limits the surviving spouse’s ability to choose which items should be placed in to the tax shelter trust that is often created at the first spouse’s death.

Using California specific forms makes it more likely that California banks and financial institutions will honor them. Banks are often the hardest part of the estate planning process from a practical perspective because they have their own rules and protocols which may or may not conform to state law. Many banks have their own powers of attorney and refuse to honor any other form, regardless of state law to the contrary. In my entire career, I have never seen a bank honor the generic check-the-box power of attorney form that can be found freely online.

What is worse than having nothing in place? Thinking you are all set and finding out that the forms don’t work after it is too late. You may want to check with your banks about their policies with regard to honoring Durable Powers of Attorney for Financial Management.

How to Levy a Bank Account

I am not a lawyer. This is my opinion and a summary of what I have learned and observed. If you need legal advice, contact a lawyer.

Although this article uses the State of California as an example of specific costs and procedures, the concepts will be similar in most States.

A levy (also known as a garnishment) of a debtor’s bank account is one of the least complex ways to get paid, if you know where your debtor banks.

Even this simple method can seem complex, but after you do this once, it will be easier next time. Your court may have an advisor to offer some help.

If you do not know where a debtor banks, finding their bank account is sometimes difficult. Of course if the debtor has almost no money in their account, a levy is a waste of time and money.

Bank accounts can be found by having an old check from the debtor, having someone buy something from the debtor, a debtor examination, examining third-parties such as a friend or business partner, or hiring a private investigator.

Most States let you levy on any branch of the bank within the State. In California, the law is (unless the bank agrees otherwise) one must serve the exact same branch of the bank where the debtor first opened their account.

This law (CCP 684.110) was written in days of the typewriter, where one had to refer constantly to filed signature cards. Those days are long gone, and since money is fungible, it is silly to pretend the debtor’s cash is only at one specific branch. As an example, you can get cash from your bank account at any branch.

Some banks such as Wells Fargo are modern and smart enough to let you serve any branch. Most other California banks make it harder to enforce judgments by making you serve the specific branch. Some banks, like Chase, are particularly uncooperative on bank levies. If the bank does not cooperate, you might be able to sue them, but that is beyond the scope of this article.

The first step of a bank levy is to get a writ. The writ is a paper form showing that the Court agrees you have permission to have a Sheriff take a debtor’s assets. Writs cost $25, and generally last for only six months.

The writ has a math work sheet, that must be carefully inspected. It will be checked carefully by the Court and then will be endorsed with the Court’s seal.

If you want the writ to include costs you incurred (such as debtor exams, liens, previous levy costs) and interest earned on a judgment, you need to fill out a Memorandum Of Costs (MC-12) form, and if there are costs, serve the MC-12 by mail to the debtor.

The requirements for proof of service may tip the debtor off that you are going after their assets. Sometimes it’s better not to claim costs until the first bank levy results are known.

Without a Writ, the Sheriff will not be able to levy. You cannot levy the debtor’s bank account yourself. You need the Sheriff and/or a process server to serve the levy on the bank.

Specific Instructions:

1) Get a writ from the Court (currently $25) and fill it out. The best way to do this is to have a PDF program like Adobe Acrobat, and find and download download the fillable EJ-130 writ form. Fill out the writ on your computer and print out two copies. Make sure the writ is for the same County the debtor’s bank account is at. If you do not have a PDF setup, you must type or very neatly write in ink on one original copy, and make a copy of it.

2) Bring the two copies to the court. Don’t be surprised if the court says something is wrong, and you have to repeat step one a few times. When you get it right, you will have it ready to use as a template for future levies.

3) After the court accepts your writ and stamps it, they will make a copy for themselves. They will then stamp one of your copies as the official copy, and one as a receipt copy. Keep the receipt copy, but it does not do much as only the court-stamped copy of the writ counts.

4) Take the official copy, and make four copies of it, because they will likely be needed on future steps.

5) Make a letter of instruction for the Sheriff. This must be signed and dated by you, here is an example:

To the Sheriff of COUNTY, STATE Your Name, address, phone, and email.

Please execute this bank garnishment against judgment debtor Barny Rubble, residing at 123 Pebble Lane, Bedrock, CA, 99999. Enclosed is a check for $30.00. If the levy is not fully successful, please hold the Writ Of Execution until it expires.

Please garnish (the amount necessary to satisfy this Judgment and all fees) all accounts in which the judgment debtor has any interest, including but not limited to any and all bank saving or checking accounts (including any remaining overdraft protection balances and lines of credit), CDs, safety deposit accounts and boxes, lock boxes, money market accounts, pledged securities, or notes – to satisfy Judgment Case # 1099-CV-123456

Thank You. Your name (Judgment creditor for judgment # 1099-CV-123456) Signed and Dated.

6) In some Counties, the Sheriff does bank levies for you. In this case, all you need is the original and the copies of the writ, a signed Sheriff letter, and a check to the sheriff for $30.

6a) If the Sheriff (in the County where the debtor’s bank is) does not serve levies themselves, there are more forms and another check to write.

You must still pay the Sheriff ($30), and also pay a registered process server (about $85). You can find process servers easily, or Google NAPPS to find one.

You still need the signed Sheriff letter. You also have to provide two filled out (fillable PDF is best) copies of both EJ-150D and EJ-150G (notice of levy to both debtor and the bank) forms. Finally, you need two copies of EJ-152 (Memorandum Of Garnishee for the bank) form.

The old-school thoughts on when the best time to do a bank levy were based on dates of the month. Rent is due on the first, home loan payments are due on the 15th, so the old rule was to levy right before the end of the month or right before the middle of a month.

Less people have traditional jobs, and not every payment comes on the 1st and the 15th. Some levies are timed for when tax refunds are due. If you know your debtor’s situation, you should attempt to time your bank levy.

If you don’t know your debtor’s schedule, or if the Sheriff serves it (the Sheriff levy processing time is not always quick), maybe just let fate determine the exact day the levy hits the debtor’s bank account.

When your levy hits, you need to be very patient. The bank freezes funds for about 15 days, and then sends it to the Sheriff. The Sheriff usually keeps funds for at least 30 days.

Note the debtor can file a “Claim of Exemptions”, and you must show up in Court on the specified date to prevent them from automatically canceling your levy.

If you get a notice of this in the mail, visit your court and ask them how to proceed. In general you must file an opposition to their claim. If the debtor does not have a valid reason, their attempt will not work.

The bank levy is a relatively simple way to Enforce a judgment. It’s not as simple as it should be, and this leads some people to find a judgment enforcer to enforce their judgment.

Best CD Rates in California Banks in 2010 – Benefits of Investing

Do you want to get more returns by investing in certificate of deposits? You should spend some time by analyzing the various banks. There are many famous banks in California. Some of them are:

Bank of the West – Jensen Avenue, California
Union Bank – Park Boulevard, California
Comerica Bank
National Bank of California – Brentwood, California
Excel National Bank – Beverly Hills, California
These are some of the banks in California and you can also find more banks near to your location. If you visit the bank website, you can also spot the other branches of the same bank near to your location.

Certificate of Deposit Rates:

There are lot of CD plans available for investing. They are 3 months CD, 6 months CD, 12 months CD etc. You can choose the best based on your choice. The banks are offering best interest rates for this current year 2010.

Excel National Bank located in Beverly Hills in California is offering a rate of 1.44% (as on July, 2010) for a 12 month CD with a minimum amount of $ 10,000. These CD rates vary periodically and it is your duty to check the latest rates by visiting the bank or by looking into the bank or related websites.

Benefits:

If you spend some time and spot the best CD rates for the year 2010, then you could earn a good return for your investments in a short period of time.
It is one of the safe ways to invest your money.

A Beginner’s Guide to Buying Shares Intelligently

Practically everyone takes a flawed approach to buying stocks. So, practically everyone ends up with a rotten loss-making portfolio.

So here’s a beginner’s (or for that matter, even an expert’s) list of dos and don’ts…

But remember… you have to do lots of “donkey” work to become a successful “bull” on the stock markets. You must also have monumental patience and play stocks with a long-term perspective. Hoping to multiply money in quick time is a definite recipe for disaster.

1. First and foremost, you have to understand and appreciate that when you are buying stocks you are NOT buying some symbols on the screen. Instead, you are buying an underlying business. You are becoming a partner in that business. Therefore, you share its profits and its losses. That is why the term… shareholder.

2. It is but obvious that you have to buy sunrise businesses. If the products and services of any industry are not in demand, it would be foolhardy to become a partner in such businesses.

3. However, quite often, two companies in the “same industry” follow diametrically opposite paths… one profitable and the other losing money. The answer to this oddity lies in the quality of entrepreneurship. Good managements make good businesses. Bad managements fail frequently. Backing proven managers is, therefore, the most sacrosanct and inviolable principle of investing in stocks.

4. Sometimes even good managements and good businesses go through tough times. Therefore, apart from ascertaining that the company is running a good business and managed by a good team, you have to ensure that it makes good sales and earns good profits. Never invest in a loss-making company, unless you see strong signs of a turnaround in the near future.

5. Operational performance is one part of the story. The other significant aspect is its financial foundation. All businesses have to withstand the vagaries of the economy. For example, too much debt may not be an issue during good times. But it can seriously threaten even the existence of the company when economic conditions turn bleak. As such, strong balance sheets always make a dependable choice.

6. Wait… a company with excellent business, excellent management, excellent financial strength and excellent profits, is not the green signal to cut your cheque. No. There is one more critical parameter – its market price. If the price is too high relative to its underlying valuation, even excellent shares will not make money for you. A reasonable PEG ratio determines a reasonable stock to buy.

This is the safe, sensible and steady approach to buying shares. It would surely give you a lot more winners than losers. And, to succeed you don’t need ALL the players to do well. A few good performances, backed by at least average play from others will definitely win you most matches.

Buying Shares – Tips For Beating The Stock Market

In the present uncertain economic climate, many investors are wary of investing in the stock market. Some are even asking whether they should stop buying shares, and invest in items that are traditionally viewed as less risky, such as gold or government bonds. While it is true that investing in stocks and shares is risky at the moment, it should be remembered that such risk always exists, even in the middle of a stock market boom. There is no reason why the astute private investor cannot buy shares today and secure a handsome return overall in the long term, and this article offers tips on how to achieve that.

It is important to say that profit can’t be guaranteed on individual share purchases. For a variety of reasons – wider market conditions, global recession, issues specific to the company or group in question – it can happen that the price of a stock falls below the level at which it was purchased, and stays there. In this case, a classic strategy by small investors is to hang on to the stock until they can receive how much they paid out. This is wrong, as it can lead to an investment tied up long term in a moribund stock: it would be much better to sell at a loss and invest in shares that are likely to rise and make a healthy profit, over and above the money originally paid out. When buying shares it pays not to be too inflexible in strategy, but to be open to opportunities to make money, even at the risk of taking a temporary loss.

When buying shares initially, or when selecting which shares to buy, research is the key to avoiding losses. Never buy on a whim: always thoroughly research all of the issues surrounding any purchase. There are a number of different areas it is essential to research.

The first is to conduct general research on the stock market as a whole. Is the recent market trend for shares to rise or fall in price? Are any sectors performing better than others? Will any recent national or international events affect the performance of the market as a whole, or of individual sectors? All of these can determine which types of shares may be ripe for purchase. Places to research this information can be national newspapers and magazines, financial and political websites, and publications and websites particular to the stock markets themselves.

Once a sector or even individual company worthy of investment has been selected, then the relevant sector of the economy must be researched. Who are the big players? What are the trends in that sector? Is any new technology imminent that will change how the sector operates, bringing in new companies? Are any companies in danger of failing, and if so what is the cause? An effective analysis of these factors is of great use in finding a company to invest in whose stocks are undervalued and likely to rise. Sources of information can be trade magazines and websites, trade association publications, specialist scientific/technical magazines, and the usual financial publications and sites.

Finally, once a company has been selected it must be researched in detail before shares are purchased. What is the company’s trading record over the last five, ten or even twenty years? Is it profitable? Are there any potential threats to its income? Are there any new innovations it is developing that could boost income? How does it perform in relation to comparable companies in the same sector? All of these factors must be researched in detail before a decision is made to buy shares: a large amount of money could be lost if any corners are cut.

So it can be seen that many factors can influence the decision on which shares to purchase. Here are some key points to remember:

Be prepared to make a loss on individual stocks to ensure long term profits.
Never buy stocks and shares on a whim.
Research the stock market as a whole. What sectors are ripe for investment?
Research the target sector. Which companies’ share prices are undervalued compared to their potential?
Research the target company in detail. Are there any hidden problems? How does it compare to the rest of the sector?

Buying Shares

There are two different ways you can purchase shares; the first is from the actual company right when the shares are first being offered. This is when the company is trying to raise money by offering out shares to be bought by the public. The second way is to buy shares from other investors through the share market.

Before buying shares, you will probably need your funds available, as this will be required by most firms when buying shares of stock. In addition, you should also set up a trading account before trading as most brokers require this. Shares are always bought through stockbrokers, so before you start buying stock shares, you’ll need to find a stock broker.

There are many different types of brokers, some deal over the phone, some use post, and many use online services. Online dealing is the cheapest and most brokers use that nowadays. When choosing a broker, make sure that they are suited to fit your specific trading requirements, and that they provide you with quality information and quick execution when buying and selling stocks. Also, they should be well versed on the markets available and the different costs of services and shares.

When buying shares, many people like to do their own research on which shares to buy, they educated themselves and research on certain shares and then make well informed decisions on which ones to buy. People who do this will only need a broker to execute the actual act of buying the shares; these brokers are called execution-only brokers. These brokers will not provide you with any types of advice on which shares to buy, because the decision is yours, they’re only job is to buy or sell the shares for you. They may, however, offer a variety of different types of research tools and online tools to help get a background on the market.

The second type of share buying service is called the Rolls Royce service. These brokers will offer you a large amount of advice, they will help you to form trading strategies and try their best to suit your personal financial plan. These brokers will also help to advice you on buying shares and help monitor your investments, although the final decision rest on the client. There are some broker services however, which enable a broker to buy or sell different shares without having to ask for approval from the client. To do this, one must have a high amount of trust in the skills of the broker, this service can also prove to be very expensive as it is very highly tailored to the individual and require a lot of research from the broker.

For those who are very new to the market, you may need a broker that can help to advise you on which shares to buy or sell. Execution-only brokers are much cheaper services, however, and some brokers will not accept you as an advisory client unless you have a large amount of money to invest.

Shares Trading – How to Buy Shares

A share is defined in the world of finance as a unit of account for various financial instruments including stocks, mutual funds, limited partnerships, and REIT’s (Real Estate Investment Trust). In the English language the use of the word share to refer solely to stocks is very common and it has come to be synonymous with the word stock itself.

In laymen terms, a share or stock is a document issued by a company that entitles its holder to part ownership in the company. A share can be issued by a company or may be purchased from the stock market via a stock broker. We often hear the term “dividend” in the news media but people new to share trading can be sometimes be confused as to what exactly a dividend is. Dividends are payments made by a corporation to its shareholders. It is the portion of profits that the company has earned paid out to shareholders. Corporations can either re-invest their profits in the business, or pay profits out to the shareholders as a dividend. Often times, corporations will retain a portion of their earnings and pay the remainder as a dividend.

Dividends are one reason why share trading is so popular amongst investors and traders. If the company you own shares in makes a profit and pays out a dividend, you will earn the dividend and still hold your share position. If you choose to sell your shares you will make a capital gain in addition to the dividends you have earned over the years, a capital gain is the money you gain if your shares have increased in value since the time of purchase. However, it is also possible to incur a capital loss if you sell your shares at a price below what you bought them for. Proper research before buying shares in a company is crucial; if you find a company with good long-term growth prospects you can reap the benefits of increasing capital gains while simultaneously collecting dividend pay outs.

Buying shares is very easy today with ease of access that the internet has brought about. There are a few different ways in which to buy shares however, some people prefer to use a stock broker, this is a person or a firm that trades on behalf of the client, you tell them what you want to invest in and they will issue the buy or sell order. A full service stock broker will provide various services, at a fee, some of these services include investment research advice, tax planning, and retirement planning. There are also discount brokers who will allow you to buy and sell shares at a low rate but don’t provide any investment advice. Finally, for people who do not need or want assistance from an actual stock broker there are online brokers that allow you to buy and sell shares entirely over the internet with no need for a human stock broker.

Share trading has exploded in popularity recently with the advent of wireless internet and ever expanding Wi-Fi “hot spots”. It is entirely possible to now buy and sell shares in a company over certain cell phones that are internet enabled. For most retail traders and investors who spend the time to do a little extra research on shares of companies they are interested in buying, share trading is very lucrative and is a great way to diversify your finances. Share trading allows people to participate in all kinds of sectors, brands, and services. The ease and simplicity of internet share trading has made it possible for anyone who is interested in buying shares to do so.

Buying Shares – A Simple Share Buying Strategy

Have you been wanting to buy some shares but haven’t been sure when to take that leap? Taking the leap to buy shares can be hard to judge. So when do you buy into the market? It can be especially difficult for you if you are new to share trading. I think it is always a good idea to watch your chosen share for at least a week, maybe even a month if possible before deciding when to buy your chosen share. If you can stretch the watching out to the month it will be worthwhile as you will have a better idea of how the share works, and what price would be fair to buy the share at. If you wait much longer than the month you may miss an ideal buying opportunity.

This strategy is simple to execute and will ensure that you’ve bought at a fair price, it may not be the best price to buy the share but it will be fair. So here is a simple share buying strategy that you can use anytime regardless of how the market is tracking.

Divide the purchase of your chosen share into three parts. You will be buying your shares at three different prices. When buying shares this way it doesn’t matter when you get into the market, as it will even out the purchase price of your shares. If after your first share purchase the market goes up you have gotten you first share purchase at a discount, if it goes down then your next share purchase will be at a discount.

So while this may not guarantee that you will buy your shares at the best price it will give you an even buy every time. It doesn’t matter whether the stock market is bullish, bearish or even neutral you will have a high price, a low price and a price somewhere in the middle.

Tip: Set up a watch list

If your not sure what shares you would like to purchase set up a watch list of five to ten shares that you are interested in and watch how they perform. Most trading platforms will allow you to do this free of charge.

One Last Tip: Check the last five days

The Australian Stock Exchange website gives you the details of the last 5 days closing prices, high & low prices. It’s a great way to review where the share has been and if there are any trends. Most other stock exchange websites should be able to provide you with the same information.

Buying Shares Online

Post, telephone or online are just some of the media used to purchase and sell shares. These days however, people are taking more interest in buying shares online because it is the cheapest, fastest and most convenient way of dealing shares. Internet share dealing is considered as “execution only” which can be described as a system in which it is up to a broker who carries out instructions on your dealing like selling and buying shares online.

Some companies who offer internet share services, the activities are done in real time so that the client, in this case, you, are aware of the stock prices that you are paying for. There are many companies, however, that bundle up buying shares online, and most of them choose to trade during the end of the business day when the costs are down.

In and online share purchase, yours will most likely be a nominee account, which pertains to accounts held by another person for a beneficial owner. It is usually held by a stockbroker on your behalf. This is way your name won’t appear on the company’s register. However, since you are not registered, you will not receive company reports and any other perks associated to registered accounts. All the activities will involve a broker who will charge an agreed upon fee per stock that you buy and sell.

One important thing to remember when buying shares online is to always compare prices on the board. It will be towards your benefit to inquire about the current prices for basic trade and services applicable to those who trade daily called frequent trader service. There may be extra service fees like the cost of ISA wrappers that are self-selecting. Being familiar with these rates will help you become aware of the going fees and will also help you avoid hidden costs being attached at times when the offer is suspiciously low.

Buying shares online have gained wide popularity over the years because of the convenience it offers. For people who are busy and do not have the time to update, buying shares online is the best option for them. Aside from convenience, the internet offers numerous options in companies offering online share trading, this way; an interested buyer or seller can compare companies and what they have to offer.

There are many resources one can find on the internet regarding buying shares online. One of the most reputable companies that offer offline and online share trading is TD Waterhouse which is based in UK. The company offers convenient and inexpensive options for share dealing services and regular trading as well.

Learning the ropes of buying shares online is basically uncomplicated and easy even for those who do not have the experience. The rates are much lower than that of a broker who will buy and sell stocks for you, so you save more money which you can then use to buy more shares. Buying shares online is the most practical way when it comes to share trading.