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By *litterbabe OP Woman
over a year ago
hiding from cock pics. |
I don't really know very much about the stock market and shares.
A family member invested a few months ago via a company called Etoro.
He invested £400 in a mixture of bitcoin and Tesla and it's already gone up to £1,000.
That seems absolutely amazing to me.
I expect there is a good chance he was just lucky at the time they invested it but it has been a very steady climb.
It seems like such a good idea if you have the spare cash although if I was going to do it I should have done it back then a few months ago when they made their initial investment.
I have always found the stock market and share market interesting although I don't feel I don't have the knowledge or confidence, (never mind the cash), to know how and where to invest and when to buy and sell.
I do wish I found £400 to invest back when my relative did though, I'm very happy for him that they are doing so well.
Have you had any short-term lucky 'dabbles' that ended well for you?
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By (user no longer on site)
over a year ago
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Seems like there's some blurred lines between investing and speculating from what you've described.
I've made some money on the stock market but I tend to use statistical analysis using charts and predictive models. I'm not a professional trader and I think the odds are against me in the long run due to the sheer power of big institutions moving prices.
Id say your family member has been lucky to catch a good wave but I also think there's a correction of the markets waiting to happen. Bitcoin has had a mild correction in the past 2 days.
Biden:s policies may also affect investor confidence so keep a watch out of the news |
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By (user no longer on site)
over a year ago
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Tesla is probably a smart investment although their new shady subscription practices may work against them.
As for crypto currencies, I'll never understand why are people buying something that has no real value other than what other people are willing to pay for it  |
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By *litterbabe OP Woman
over a year ago
hiding from cock pics. |
"Tesla is probably a smart investment although their new shady subscription practices may work against them.
As for crypto currencies, I'll never understand why are people buying something that has no real value other than what other people are willing to pay for it "
I understand totally your point, and it reminds of something my dad used to say to me when I was little, "It's only worth what somebody will pay for it". (Referring to shop prices, not to Tesla) |
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I’m staying away from crypto currently I have a lot of trades open on ‘Trading 212’ currently. Mixture of ETF, dividend and speculative trades. I got into Nio ( Chinese Tesla) early so I’m seeing some good returns with them currently, I also hold fractional shares in Tesla as well,
You should only really invest in what you know or solid companies that should be around for the next few decades. That’s why I have shares in Tesco etc..they’ll bring a return and not be too much of a risk.
If you can spare a £100 a month with the right investments (low risk) you could make a decent return every year  |
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By (user no longer on site)
over a year ago
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"I'd personally stay away from bitcoin, its far too volatile"
Just tanked 22% in a day!
I've made some big money on the AIM market, and lost it all to an ex-wife....win some, lose some. |
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By *.D.I.D.A.SMan
over a year ago
London/Essex... ish... Romford to be exact |
There's always going to be some correction. This is nothing new in the crypto sphere. Institutions and whale movement can have seismic repercussions. That's the nature of the beast. Low to mid £20k should be the bottom range before bouncing back up. Then people will likely sell again to lock in some profit and it is healthy for the market to have cool periods. But yeah, crypto largely has no use currently. Blockchain technology may become widely adopted in the future years from now. Now is when the infrastructure is being built and if you believe in it, now is the time to get in. It is late in the game but there is still an extremely high ceiling for crypto to rise even further. There are many obstacles like regulations but if some large institutions are buying then maybe have a small interest in it. Buy some then leave it and check again in a few years. |
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By *htcMan
over a year ago
MK |
I recommend don't invest in the stock market unless you actually 100% know what you are doing. One of my work colleagues did that lost around 40k in around 3 months.
Better find the highest interest rate for a online bank saving account and save your money |
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By (user no longer on site)
over a year ago
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That's not entirely true.
I don't 100% know what I'm doing but my 17% annual return from investing in an index tracker will beat any UK high interest account! |
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By *litterbabe OP Woman
over a year ago
hiding from cock pics. |
"That's not entirely true.
I don't 100% know what I'm doing but my 17% annual return from investing in an index tracker will beat any UK high interest account! "
Sounds like you chose a fabulous investment there.
17% annually, consistently sounds like a winning situation. |
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