Stocks & Shares
- Thread starter Nova2k7
- Start date
Having said that just made £350 on the post office Yes. I started a thread a while back but it seems there aren't too many on here with advice (I guess all the doctors and pilots on here are so set with high salaries and lovely big pensions that they don't have to clutch at straws like the normal folk). Either that or they are all making blinding profit and don't want to share the booty.
Anyway. I'm mostly in AIM oil exploration companies. It's not for the faint hearted. I hold some stable FTSE stock as well such as Tesco as a long term thing. Jumped on Burberry when it plummeted a year or so ago but I'm more of a careless player looking to get rich quick so I tend to go for volatile penny shares, win some lose some. Been up slightly at the end of every year but I have made some horrible mistakes over the years.
I started out playing a virtual portfolio on Bull Bearings to get to grips with how things work. I then set up a share dealing account with Halifax. The advice I was given when I started venturing into this was to stick to what I know, as in stick to the industry that I work in. I didn't take the advice, maybe i'd be rich now if I had
. The reason I started dabbling is because i had contributed to stocks and shares ISAs and various managed funds for years with little return. I figured I couldn't do any worse and I believe I haven't, I also haven't done massively better though. After a bit of reading i've also just started a passively managed fund. All the evidence seems to suggest that over time these perform better than managed funds due to nobody filling their own pockets from the pot.
Anyway. I'm mostly in AIM oil exploration companies. It's not for the faint hearted. I hold some stable FTSE stock as well such as Tesco as a long term thing. Jumped on Burberry when it plummeted a year or so ago but I'm more of a careless player looking to get rich quick so I tend to go for volatile penny shares, win some lose some. Been up slightly at the end of every year but I have made some horrible mistakes over the years.
I started out playing a virtual portfolio on Bull Bearings to get to grips with how things work. I then set up a share dealing account with Halifax. The advice I was given when I started venturing into this was to stick to what I know, as in stick to the industry that I work in. I didn't take the advice, maybe i'd be rich now if I had
. The reason I started dabbling is because i had contributed to stocks and shares ISAs and various managed funds for years with little return. I figured I couldn't do any worse and I believe I haven't, I also haven't done massively better though. After a bit of reading i've also just started a passively managed fund. All the evidence seems to suggest that over time these perform better than managed funds due to nobody filling their own pockets from the pot.Mowflow said:Yes. I started a thread a while back but it seems there aren't too many on here with advice (I guess all the doctors and pilots on here are so set with high salaries and lovely big pensions that they don't have to clutch at straws like the normal folk). Either that or they are all making blinding profit and don't want to share the booty.
Anyway. I'm mostly in AIM oil exploration companies. It's not for the faint hearted. I hold some stable FTSE stock as well such as Tesco as a long term thing. Jumped on Burberry when it plummeted a year or so ago but I'm more of a careless player looking to get rich quick so I tend to go for volatile penny shares, win some lose some. Been up slightly at the end of every year but I have made some horrible mistakes over the years.
I started out playing a virtual portfolio on Bull Bearings to get to grips with how things work. I then set up a share dealing account with Halifax. The advice I was given when I started venturing into this was to stick to what I know, as in stick to the industry that I work in. I didn't take the advice, maybe i'd be rich now if I had
it all seems very complicated tbh!
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Anonymous
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Mowflow said:
+1 and yes you can say that again!!
Applied for the Post office offering for myself and both my daughters but received no shares!!!
Nova2k7 said:
It was, although since July they seem to have been going really well.
Facebook launched at $38 and fell all the way to $17. They are currently at $51 (rallying since July). Probably missed the boat for decent ROI, but certainly not the train crash they could have been.
I was involved in some stock market linked investments a few years ago, I lost more than I care to think about. Luckily I had other, safer investments so its not been disastrous in the long term.
I wouldn't touch this type of investment again, and certainly not if I didn't know what I was doing.
I wouldn't touch this type of investment again, and certainly not if I didn't know what I was doing.
I dip in and out using an inverstor site, I've made a bit of money in the past - when I was more involved, but mainly I leave it to the experts now...
I'm currently using M&G, I've picked 3 different funds, give them the money each month and just get on with life...
I'm currently using M&G, I've picked 3 different funds, give them the money each month and just get on with life...
By the seaside...
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Anonymous
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pvr said:
Yes I would agree with this, that's why I'd have been selling on the first negative price movement, but as I say no shares
I steered well clear of the Royal Mail. Quick cash no doubt about it but I feel that on any high profile stock like that you really need to get in quick, set a limit, get out and never look back. Sounds simple but when ou see your investment still growing it takes real balls to jump out of a rising stock.
I thought this would happen with Facebook but the fact they told porkies changed things a little. My theory is that market makers and institutions will already be putting deposits on their holiday homes and McLarens based on a pump and dump. So many first time investors and casual players are sucked into the float of these high profile stocks and get further romanced by seeing their investment grow by the hour. Causes them to hold too long, the price only goes one way as demand is all flowing in 1 direction. The MMs will then leap for it. I could see it being at the governments valuation within the year. Don't quote me though, it's not often i'm right when it comes to the market
Either that or PVRs prediction. They are already talking about striking.
I thought this would happen with Facebook but the fact they told porkies changed things a little. My theory is that market makers and institutions will already be putting deposits on their holiday homes and McLarens based on a pump and dump. So many first time investors and casual players are sucked into the float of these high profile stocks and get further romanced by seeing their investment grow by the hour. Causes them to hold too long, the price only goes one way as demand is all flowing in 1 direction. The MMs will then leap for it. I could see it being at the governments valuation within the year. Don't quote me though, it's not often i'm right when it comes to the market
Either that or PVRs prediction. They are already talking about striking.
If you don't know what you're doing, invest in a fund.
If you want to buy individual shares, consider:
- Diversity. All your eggs in 1 or 2 baskets is gambling. Diversity means cross industry investments as well
- Time frame. People new to stocks and shares should be buying to hold for long term (3+ years). If you think you'll need the cash in that time frame save it
- Amount. If you invest less than ~£1k in a particular share the buy fees will eat up any positive returns you'll see for months into the future
- Market cap. Don't invest in penny stocks or shares, that is huge gambling and scam ridden. The buy fees are also usually considerably higher and they are often very illiquid assets. £1b+ market caps are probably a good starting point, harder to be manipulated, generally lower risk and more liquid.
To be smarter than the market and find an edge takes considerable research. Investing in Stock X because you think quality Y is good is probably a mistake, often because they are obvious qualities that have already been factored into the price.
Avoid Forex like the plague, it's highly competitive and ruins people daily especially due to the huge amount of leverage they offer people.
Also worth mentioning is cash ISA's perform better on average than most other things, so you should always max out this allowance before considering anything else.
If you like to gamble, I like Bitcoin. Nothing at the moment is higher risk higher reward. I've got a gambling history, and one thing I've learnt is that other people will tell you they are prepared to take losses at the time but when the losses actually happen it hurts them. Also psychology wise it's easy for people new to gambling/investing to obsess over the price on a daily or even hourly basis. As you probably want to be investing long term this is very unhealthy and risky behaviour. Better to buy, hold and forget.
If you want to buy individual shares, consider:
- Diversity. All your eggs in 1 or 2 baskets is gambling. Diversity means cross industry investments as well
- Time frame. People new to stocks and shares should be buying to hold for long term (3+ years). If you think you'll need the cash in that time frame save it
- Amount. If you invest less than ~£1k in a particular share the buy fees will eat up any positive returns you'll see for months into the future
- Market cap. Don't invest in penny stocks or shares, that is huge gambling and scam ridden. The buy fees are also usually considerably higher and they are often very illiquid assets. £1b+ market caps are probably a good starting point, harder to be manipulated, generally lower risk and more liquid.
To be smarter than the market and find an edge takes considerable research. Investing in Stock X because you think quality Y is good is probably a mistake, often because they are obvious qualities that have already been factored into the price.
Avoid Forex like the plague, it's highly competitive and ruins people daily especially due to the huge amount of leverage they offer people.
Also worth mentioning is cash ISA's perform better on average than most other things, so you should always max out this allowance before considering anything else.
If you like to gamble, I like Bitcoin. Nothing at the moment is higher risk higher reward. I've got a gambling history, and one thing I've learnt is that other people will tell you they are prepared to take losses at the time but when the losses actually happen it hurts them. Also psychology wise it's easy for people new to gambling/investing to obsess over the price on a daily or even hourly basis. As you probably want to be investing long term this is very unhealthy and risky behaviour. Better to buy, hold and forget.
Met an interesting guy at work, 24yrs old, he spent a small fortune getting training from a well known guy in London (can't remember his name but he was on a programme on BBC2 about learning to trade earlier this year and made millions in his early 20's).
He now makes £5-7k a year trading and would like to make it a full time income/ success... fact is though like most things, you've got to invest big to see decent returns, and you've got to be able to afford to lose it.
He now makes £5-7k a year trading and would like to make it a full time income/ success... fact is though like most things, you've got to invest big to see decent returns, and you've got to be able to afford to lose it.