: Because his sale was over £10,000, a small £1.50 levy was charged for the Panel on Takeovers and Mergers .
: He realized the "price" he saw was actually the "offer" price (what sellers wanted). The "bid" price (what he could sell it for right now) was slightly lower. This gap, the spread , meant he was technically "down" on his investment the moment he bought it. The Hidden Maintenance charges for buying and selling shares
Leo’s first lesson was that buying shares often comes with three immediate charges: : Because his sale was over £10,000, a small £1