Stocks & Shares

TommyGG said:
Monetary amounts are fairly irrelevant. What's actually more important and impressive is ROI as a %. For all we know his ROI might be less than a government bond (a benchmark you should compare all investments to) or an index.
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Absolutely agree, but he wasn't sharing that information, likewise as you'd expect he wasn't so open about his 'less profitable' periods.

I can only assume, given he works to partly fund his 'hobby', the ROI can't be hugely impressive or he'd already be earning a living from it.
 
I've heard you can sometimes find small edges which don't scale well, so he might be doing alright. As you say though people are far less willing to share their losses! A lot of pride goes into this sort of thing which can be very damaging individually.

I'm always sceptical of paying to "learn how to trade" courses though. From a purely monetary point of view it doesn't make much sense for the instructor to be teaching this to people if they can make more just doing it themselves. I guess if they enjoy teaching though... but then I find the fact they are often very expensive to be distasteful (why's a millionare charging people to learn how to trade?) Skeptecism is probably the best default position for that sort of thing.
 
Any of you guys have sharesave schemes at work?

Probably never going to make millions as you're restricted to 250 per month (for 3/5 or 7 yrs) in most schemes but its fail-safe in that you have the option to take shares or your cash with interest at the end of the term.

Ive dont this for the last 7 or so years. The company offers shares at a slightly reduced current rate, then after the 3/5 or 7 years term you flog 'em or get your savings & interest back if they have dropped below the buying price. One 1 occassion ive doubled my money & the most recent lot i made 4.5 pounds per share!

Good option if your company offers it, takes all the risk from buying & selling independantly.
 
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