Barratt Developments (LON: BDEV) is one of the UK’s largest residential property development firms. They have been building homes since 1958 and as the operators of Wilson Bowden Developments Barratts also play a significant role in the construction of commercial properties.
Get our step-by-step guide to buying shares in Barratt Developments below.
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Step 1: Sign up with a broker
Barratt Developments is listed on the London Stock Exchange, which your broker must have access to if you are to buy shares in the company. Brokerages typically have access to international markets in addition, giving you access to invest in many other well-known companies.
When comparing options, check what commission and foreign exchange fee the broker charges as well as features like market access, tradable instruments (e.g. shares, funds, futures, options, commodities, etc.), whether they support fractional share investment, etc.
If you are unsure about a trading platform, some brokers have demo accounts so you can try out the service before depositing funds.
Step 2: Fund your trading account
You'll need to fund your account before you can buy any shares.
Funds can be deposited in your account with a bank transfer or a debit card. Credit cards may also be accepted, although this is less commonplace.
Depending on the method used to transfer funds, it can take some time before you can trade. Keep this in mind if you need to make a time-sensitive trade.
Step 3: Set your investing budget
It’s important to set an investing budget because shares can go down in value as well as up. Resist the fear of missing out and rushing into a trade with money you can’t afford to lose.
Step 4: Choose whether to buy shares or an ETF
An ETF (Exchange Traded Fund) is a way to diversify your investment portfolio because each fund holds shares in a number of companies, typically with a common theme. For example, there are funds specifically for construction, meaning you could invest in a range of construction companies and not just Barratt Developments.
The trade-off with an ETF is that while they are considered less risky due to their diversified structure, they tend to return a consistent but lower return than you might get from investing in a growth stock.
ETFs with shares in Barratt Developments include iShares Core MSCI EAFE ETF (IEFA), WisdomTree UK Equity Income UCITS ETF (WUKD), and SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDIS).
Step 5: Configure an order
Market orders are a quick and easy way to buy shares in Barratt Developments. With a market order, the broker will buy at the next available price once an order has been submitted. There can be a slight difference in price between what you are quoted and what you actually pay, especially in volatile markets.
If you have a strategy you would like to employ, you can use trigger orders that will be executed automatically under specific conditions, e.g. sell or buy shares at a price you have pre-defined.
If you would like to go long and build your position, you could consider using an order to buy shares periodically, e.g. once a month. This strategy means you can build your position over time and average down the cost per share.
Keeping up to date about what Barratt Developments is working on is not difficult since their website showcases their ongoing projects.
Given their high profile, you will also occasionally see stories about Barratt Developments in the news and in magazines.
It is also wise to monitor what their main competitors are doing, the most important of which are Taylor Wimpey (LON: TW), Balfour Beatty (LON: BBY), and Persimmon (LON: PSN).
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