After saving some pennies, considering buying some shares.
With the pitiful rate of interest you get with a bank, thinking of a gamble.
For those in the know, any tips/advice?
Thinking to go down this route, rather than my weeekend acca letting me down each weekend.
I am of the impression that shares in pubs (Wetherspoons, etc) may be worth a punt this time of year?
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Look at the profit made (if any) and then see if you could have done better with 'safe' savings schemes...
You find just how much a gamble it all really is...
You'll be buying low and should be able to make a profit...
Lot's of companies that have sudden catastrphes and strikes etc always see their shares fall only for them to pick up at some point...
The trouble is, to make a tidy profit you have to buy in thousands of pounds at a time...
especially with stamp duty/commission
Individual shares are risky if you are aren't a pro or really on top of it and if it's more than a few bob you want to invest or you have regular amounts, think about spreading the risk with a fund investment. Contrary to popular belief, there are some good fund managers out there.
Artemis Strategic Assets and CF Ruffer Total Return are excellent "absolute return" funds (i.e. they seek to protect capital [no guarantees of course but they've got a good record of doing so; Ruffer over a long period and including in 2008]) and both have the flexibility to invest anywhere that the manager thinks will be profitable, including gold (i.e. they don't stick to following any particular index). Both have reasonable management fees.
You can buy funds via a broker (as you would shares) or an IFA (if you have one) but check the up-front charges (a broker and some IFAs should be able to get you in without any up-front charge, other than the broker's usual brokerage commission).
Whatever you buy (shares, fund, gold [you can buy the ETF Physical Gold via a broker]), again if it ain't tiny, you ought to think about doing it through a Stocks & Shares ISA - capital gains tax rate is virtually certain to go up and the Lib Dems want the annual capital gains (tax-free) allowance to be reduced from £10,100 to £2,000.
However, don't put any money in shares that you can't afford to lose; I agree it is just another form of gambling, but more interesting and occasionally fun.
and the occasional footie match
or alternitively give it to me i will back a good horse and try to win you some dosh its about as reliable as the stock market
Buy low sell high.
Really? : - )
I think I'd listen to Peanuts on this or maybe just wait for his national tips next April.
Boy, have I got a share tip for you Big H................it's a doozy.
Give me a bell sometime.
OK, will do.
Sorry, been up't North and was on the motorway when you rang yesterday.
Hester is on a big wedge of money if the shareprice hits 85p or so in 2012 (or maybe end 2011)
Can be snapped up around 45p now.
Also Telford homes are worth a look
Even those in the know have a hard time coming up with a successful forecast.
Protection against the financial and economic turmoil remains GOLD. Its price has soared but can only
continue to rise, simply because it will take a hell of a long time to stabilize the situation and restore
confidence.
I'm a numismat - a coin collector. If you don't follow my advice, fair enough, I know my analysis is biased.
But i'll come back to you later.
To acknowledge the plaudits.
legal and general run a UK index fund which would fit the bill.
probably not as much fun as picking individual shares but much safer
Fact - Risk and reward cannot be separated. The bigger the profit you make the bigger was the risk of losing it along the way. The "sensible" approach is seeking a particular return (which fixes the risk profile)and employing strategies which reduce the risk without reducing target returns. Lowering risk mostly means spreading your eggs across many baskets That is what modern diversified funds or absolute return funds try and do. The fund we favour for long term investment uses more than 12 different managers and strategies with an aim to beat cash returns by about 3.5%. It has large cash holdings and uses hedge funds to reduce risk. Problem for the investor is that manager skill, the least reliable attribute, is the most important factor in a successful diversified fund. We have to employ experts to check out the experts.
Yes it's a gamble or it must be a calculated risk, but few have the ability to make an informed judgement on the risks, I couldn't.
If you can afford to lose the money and enjoy the buzz of playing the market its fun but don't let anyone tell you there is a magic secret to making easy money apart from investing huge sums at low risk e.g you are a bank (who doesn't get it wrong!)