stock market....anyone dabble?

Evilmags

Start by reading the financial news. Look for areas of the market that your job or studies gives you an understanding. Plenty of Web based newsreels and pricefeeds to start getting knowledge ( ig.com) and getting used to markets. Zero hedge is good on economics.

VimFuego

the key to success for investing in any financial vehicle is to make yourself so large that any losses you may incur will destabilise the economy thus forcing the taxpayer to bail you out. You gotta think big

Fretwired

VimFuego said:

the key to success for investing in any financial vehicle is to make yourself so large that any losses you may incur will destabilise the economy thus forcing the taxpayer to bail you out. You gotta think big

Isn't that called banking?

VimFuego

it is now.

spark240

bingefeller said:

I've often thought about investing money in stocks but have absolutely no idea where to start so will be following this thread.  

I don't even understand the stock market to be honest....just interested in making some money.

Get yourself a virtual portfolio, ( I think Google may do one?)  pick a few popular stocks, Blue Chip i.e. Vodafone,Glaxo, banks etc and invest some virtual cash...just dont kick yourself if they go up !

I suppose the brave buy stocks on the downward slope, as I said earlier I am tempted with Tesco and some more Morrisons at the moment.   

thomasross20

I did the same when Rolls dipped.
Not sure about a major Tesco recovery though.
I'm looking at oil companies like petrofac.

Evilmags

I'd hold off on oil. It was overpriced for a long time and it's current price is down to wanting to take a few regimes down a peg. And try and read some proper market research. France going tits up and an upcoming Greek election make shares quite dangerous atm.

Phil_aka_Pip

I only bet what I can afford to lose.

Which is not a lot

DulcetJones

After reading a book by Michael Lewis titled "The Flash Boys", about how Wall St companies destroyed the market a few years ago I will never invest in any stock market.

Hootsmon

Officer Dibble who is fond of a nibble, dabbles a bauble or two....gets trouble from Mabel, the nubile, if he doesn't treble the rouble..........tits and acne tae you 

Hootsmon

*meemaw  meemaw* it's the silence police

"nothin' tae see here Bert,there's naebuddy aboot.lets just tazer yon cat then we'll go hame"

Hootsmon

meeoooowjowza.....ya pair o' bastirts

01 01

02 01 15

sober an' bored

HNY

thomasross20

Evilmags said:

I'd hold off on oil. It was overpriced for a long time and it's current price is down to wanting to take a few regimes down a peg. And try and read some proper market research. France going tits up and an upcoming Greek election make shares quite dangerous atm.

I was considering selling at 10% up on my entire holding, to be honest! 

Evilmags

A profit is never bad.

Neil

Evilmags said:

A profit is never bad.

Wisdom.

capo4th

Stocks and shares ISAs are a good bet and tax free if you are happy to tie the money up for long term and find one with low fees....

TTony

Evilmags said:

A profit is never bad.

But a false prophet is.

spark240

Has anyones workplace started the new pension schemes yet?

Are you paying in....is the company contributing?

Hows it working out?

Evilmags

The real difficulty in getting performance is tax, and paying capital gains each time you sell, despite the fact you wish to reinvest the money. That is why mutual funds deliver a big performance advantage over amateur investors. A SIPP structure at least let's you invest pension money without that structural disadvantage. Otherwise spread betting is great for short term punting.

I'd also be sure to have reasonable diversity (30 or more stocks) but not so much that you can't manage them. Stick them on an excel spreadsheet and link in price, earnings and bookvalue from a markets website. Set buying and selling prices and set stop losses.

And always look at money supply movements. They tell you a lot about the cycle.

Phil_aka_Pip

spark240 said:

Has anyones workplace started the new pension schemes yet?

Are you paying in....is the company contributing?

Hows it working out?

No. And I'll kick bite & scratch to stay out of such a scam. It's designed only to line the bankers' pockets, there's no guarantee you'll even get back what you put in.