-Mongrel- Posted July 22, 2013 Report Share Posted July 22, 2013 Right! On a slightly more serious note... I have a relatively modest sum that I wish to attempt to convert into a slightly less modest sum. I understand that the value of your investment can go down as well as up and that yout home may be at risk....etc etc. I could probably earn more off it playing penny-up-the-wall than putting it in a bank/ISA etc, and fancy buying some shares. Can anyone advise me on how best to do this. I want to be able to decide for myself if I want to buy/sell and ideally want to do all of this online I spend that much time on the PC I have plenty of opprtunity to do my homework, but who/what works for you? Quote Link to comment Share on other sites More sharing options...
the pigeon man Posted July 22, 2013 Report Share Posted July 22, 2013 There's an app on iPad that dose up to the second shares and it talks you threw how to do it and all the tricks like wacking 10k on a share that's not doing well making other people think oh il put some more on that it must be doing well then sell at a huge profil .. Quote Link to comment Share on other sites More sharing options...
Thunderbird Posted July 22, 2013 Report Share Posted July 22, 2013 Be very, very careful. Don't spread-bet unless you really really know what you're doing. Also, set stop-losses and STICK TO THEM WHATEVER HAPPENS. But seriously, don't do it Quote Link to comment Share on other sites More sharing options...
the pigeon man Posted July 22, 2013 Report Share Posted July 22, 2013 There's a man that used to work with me he sold his Bussiness for a large some and was going to buy a house ... He thought make his large amount of money into more money he got addicted now he lives with his mum on the dole Quote Link to comment Share on other sites More sharing options...
beeredup Posted July 22, 2013 Report Share Posted July 22, 2013 share dealing can be fruitfull but so can betting down william hills or in a casino which is just what your doing when your share dealing gambling with your money be carefull and lucky Quote Link to comment Share on other sites More sharing options...
la bala Posted July 22, 2013 Report Share Posted July 22, 2013 as thunderbird has said stick strictly to stop losses, good advice. Quote Link to comment Share on other sites More sharing options...
Reeceknight Posted July 22, 2013 Report Share Posted July 22, 2013 my brother is a broker earns very good money, all his money is safe in the bank (I say safe we all know its not) and that tells me one thing, all his work mates don't invest either but earn an awful lot being brokers. I would buy 2 original mk1 escort mexicos or a lotus cortina and sit on it for a while lol it's fun and will earn money over time. a friend of the family bought a Peugeot t16, wich to all you non petrol heads is a group b rally car, bought it for 48 grand at auction and sold it for over 70 about 3 years later. but I think u need to know a thing or to about classic and rare cars. Maybe give it to me to look after can't promis a good return ok it, Quote Link to comment Share on other sites More sharing options...
la bala Posted July 22, 2013 Report Share Posted July 22, 2013 my brother is a broker earns very good money, all his money is safe in the bank (I say safe we all know its not) and that tells me one thing, all his work mates don't invest either but earn an awful lot being brokers. I would buy 2 original mk1 escort mexicos or a lotus cortina and sit on it for a while lol it's fun and will earn money over time. a friend of the family bought a Peugeot t16, wich to all you non petrol heads is a group b rally car, bought it for 48 grand at auction and sold it for over 70 about 3 years later. but I think u need to know a thing or to about classic and rare cars. Maybe give it to me to look after can't promis a good return ok it, a lotus Cortina was sold at goodwood for 150k Quote Link to comment Share on other sites More sharing options...
Chris Bb Posted July 22, 2013 Report Share Posted July 22, 2013 The only people to always make money from the stock market are the stock brokers. They take their percentage whether you buy or sell, having made your profit or loss. It's a casino, if you can't afford to lose, don't play. Quote Link to comment Share on other sites More sharing options...
Reeceknight Posted July 22, 2013 Report Share Posted July 22, 2013 When u look at it like that, some very rich people have brought my brother some very nice cars and watches lol Quote Link to comment Share on other sites More sharing options...
HDAV Posted July 22, 2013 Report Share Posted July 22, 2013 http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=STET&univ=U If you can do what this has over 3 years..................Go for it..........if not perhaps take another approach Quote Link to comment Share on other sites More sharing options...
-Mongrel- Posted July 22, 2013 Author Report Share Posted July 22, 2013 http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=STET&univ=U If you can do what this has over 3 years..................Go for it..........if not perhaps take another approach You'd have wanted to jump on Vodafone a couple of months ago! In theory it's money I can afford to lose, but It's not enough to make earning 2.3% over 3 years in an ISA appealing, so looking for other options! Quote Link to comment Share on other sites More sharing options...
DSPUK Posted July 23, 2013 Report Share Posted July 23, 2013 Word from the wise - pee it up wall - will come to same thing - I had choice of two companies to put money on - one was BHP Billington at £1.75p and other was - ??? anyway I put it on ???? - BHP topped at £33. Dave Quote Link to comment Share on other sites More sharing options...
e2000e2000e Posted July 23, 2013 Report Share Posted July 23, 2013 head down the gunshop and buy what you fancy! Quote Link to comment Share on other sites More sharing options...
Chris Bb Posted July 23, 2013 Report Share Posted July 23, 2013 You'd have wanted to jump on Vodafone a couple of months ago! In theory it's money I can afford to lose, but It's not enough to make earning 2.3% over 3 years in an ISA appealing, so looking for other options! Up to £30K try Premium Bonds. On average they pay out about the same as savings accounts and there's always the chance of getting the big one. Quote Link to comment Share on other sites More sharing options...
stroudwaterboy Posted July 23, 2013 Report Share Posted July 23, 2013 Research is the name of the game. Keep your money safe for the time being, but research a number of possible stocks, once you have got a couple you are happy with, use one of the on-line portfolio tools to record imaginary purchases and then watch them go up and down. After a few months see what lessons you have learnt and start again, this time buy a few, only small positions mind you, this gets more interesting because it is your money you watch gaining or going down the drain. Gradually increase as you gain experience. You will never see huge rates of return unless you take huge risks but you can keep well ahead of bank rates. In my experience brokers are only in it to line their own pockets, use an on-line trading account. Quote Link to comment Share on other sites More sharing options...
fl206 Posted July 23, 2013 Report Share Posted July 23, 2013 If you're looking for an online sharedealer, try the MSE forums. This is discussed every now and again. Some will provide a barebones services: others bells, whistles and everything inbetween. If you will only be trading in relatively small amounts/infrequently, I'd recommend finding a dealer that provides a "regular investment" option. Most providers allow you to trade shares, CFDs, and/or spread-bet. The latter two options provide tax advantages but I re-iterate what Thunderbird said and warn that they are generally leveraged. Quote Link to comment Share on other sites More sharing options...
junctiontwo Posted July 23, 2013 Report Share Posted July 23, 2013 Shale gas is the one to invest in. I've gained 56% on some UK shares since April and 48% on some Australian ones in the last 5 weeks. I forecast at least a doubling of the original by the end of the year, if not sooner. Show me a bank that can match these! I've sunk my entire savings in these 2 and only wish I had more. I even contemplated taking out very-short-term cash on a credit card at the start and really regret not doing so now.....it would have been worth paying the fee. Quote Link to comment Share on other sites More sharing options...
Jega Posted July 23, 2013 Report Share Posted July 23, 2013 http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=STET&univ=U If you can do what this has over 3 years..................Go for it..........if not perhaps take another approach More over unless you FULLY understand EVERY-THING on the page that HDAV linked, please keep your money where it is . Quote Link to comment Share on other sites More sharing options...
-Mongrel- Posted July 23, 2013 Author Report Share Posted July 23, 2013 More over unless you FULLY understand EVERY-THING on the page that HDAV linked, please keep your money where it is . What, in a sock under my pillow? Thanks for the comments all, it certainly has dampened my enthusiasm. If nothing else it will ensure I do a LOT more homework before deciding what else to waste my money on. Another shotgun won't work, as nice as it may be, I don't seem to be able to sell them once I've bought them, and certainly not for a profit! Quote Link to comment Share on other sites More sharing options...
LondonLuke Posted July 23, 2013 Report Share Posted July 23, 2013 How about a buy to let? Quote Link to comment Share on other sites More sharing options...
Footu Posted July 23, 2013 Report Share Posted July 23, 2013 Try a website like iii.co.UK or sharecrazy.com trade an account for six months with no real money. See how much you would have lost then compare it to your tax free 3% isa and make a better decision ? Quote Link to comment Share on other sites More sharing options...
ME Posted July 23, 2013 Report Share Posted July 23, 2013 The guy that works for me put £6000 that he couldn't afford to lose on the FTSE just before the Tsunami. He also didn't put any stops in. When the Tsunami struck it all went norks up and he was lucky that it stopped dropping when he was ONLY £7500 down! Good luck! Quote Link to comment Share on other sites More sharing options...
-Mongrel- Posted July 23, 2013 Author Report Share Posted July 23, 2013 How about a buy to let? Love one, a good few grand light of that kind of dosh though and another mortgage isn't an option at the moment.. Quote Link to comment Share on other sites More sharing options...
p@cman Posted July 23, 2013 Report Share Posted July 23, 2013 Cemetery burial plots investment..? http://www.international-commercial-investment.com/cemetery-plots/ They are stating a minimum 37% return on your investment over 2-3 years; might be worth a look at. And if you don't live to see it through, you'll have a plot already booked! Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.