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By (user no longer on site) OP
over a year ago
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Does anyone dabble?
I got into it about 9 months ago and I'm doing OK, but it's certainly not the get rich quick scheme that a lot of amateur investors/traders seem to think that it is. |
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By (user no longer on site)
over a year ago
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I've dabbled over the years. Just invested in some funds at the moment.
It's more a long term thing (generally the stock market goes up over the long term).
The way to think about it is how to minimise loss not how to maximise gain. |
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By (user no longer on site)
over a year ago
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Been a hobby of mine for years got to be money you can wait for as some shares you have to wait for to come back.
Like when the virus struck everything was down.
On the flip side a war virus or 9/11 were good buying opportunities |
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By (user no longer on site)
over a year ago
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As long as you are making more than the rate of inflation then you are moving in the right direction. The average is 8% a year, if you are not sure what stocks to pick I'd reccomend an ETF that will follow the market, Vanguard are usually a good choice for that, im in a clean energy ETF myself that has done me very well.
I'm a bigger fan of dividend stocks personally (although I do buy a few growth stocks if I think they will rocket) my goal is to retire at 50 and have the dividends basically keep paying me a wage.
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By (user no longer on site)
over a year ago
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A little tip not many know about, buy low and then sell high, I repeat buy low and then sell at a higher price than you paid for them, keep this information to yourself, otherwise everyone will be doing it, good luck in all your stock market endeavours. |
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By (user no longer on site) OP
over a year ago
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"A little tip not many know about, buy low and then sell high, I repeat buy low and then sell at a higher price than you paid for them, keep this information to yourself, otherwise everyone will be doing it, good luck in all your stock market endeavours. "
I'll keep that on the down low, thanks for the tip!
I was absolutely killing it with crypto currencies when I started, but then the big crash came a couple of months ago. I'm back in the green now though so it's all good and have managed to use some of the profits to diversify into more stable investments. |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"As long as you are making more than the rate of inflation then you are moving in the right direction. The average is 8% a year, if you are not sure what stocks to pick I'd reccomend an ETF that will follow the market, Vanguard are usually a good choice for that, im in a clean energy ETF myself that has done me very well.
I'm a bigger fan of dividend stocks personally (although I do buy a few growth stocks if I think they will rocket) my goal is to retire at 50 and have the dividends basically keep paying me a wage.
"
That’s not really true because there is tax and fees on top. Trading fees can be high especially UK markets, NYSE can be much cheaper.
There is no average 8% a year.
Invest in something you know about. I cashed out of tech stock in 2020 and cashed out of BTC this July making enough to buy some property and I also hold P2P loans in retail and property that provide 10-15% with some defaults, and a few stocks snd bonds in emerging telecom markets like Latin America amd Africa that I’ll hold for 10 years. I like gold but don’t have enough for it to be classed as wealth protection, but it’s shiny and nice  |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"A little tip not many know about, buy low and then sell high, I repeat buy low and then sell at a higher price than you paid for them, keep this information to yourself, otherwise everyone will be doing it, good luck in all your stock market endeavours. "
This is only true if trading , stocks can be devalued and still pay great dividends. Plus if you follow this advice some of your trades willl have no value. Take Bitcoin, eventually it will be worth £0 , so those fools insisting on holding will lose the lot |
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By (user no longer on site)
over a year ago
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Yes played for years, this year everything bounced i sold and bought back recently at rockbottom. Keep your eye on blackberry if you want long term, theres going to be a boom in a year or so. Bt is also at the lowest point since 84, they have had big french investment and are supplying 80% of new build properties with 5g.   |
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By (user no longer on site)
over a year ago
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"Yes played for years, this year everything bounced i sold and bought back recently at rockbottom. Keep your eye on blackberry if you want long term, theres going to be a boom in a year or so. Bt is also at the lowest point since 84, they have had big french investment and are supplying 80% of new build properties with 5g. "
Think you will find bt were under £1.00 last july they have doubled since middle of last year.
Although i do agree they have a bit more to go but not to the extent of the last year |
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By (user no longer on site)
over a year ago
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"Yes played for years, this year everything bounced i sold and bought back recently at rockbottom. Keep your eye on blackberry if you want long term, theres going to be a boom in a year or so. Bt is also at the lowest point since 84, they have had big french investment and are supplying 80% of new build properties with 5g. "
Personally wouldn’t touch blackberry at the Moment with all the short interest and Reddit fomo |
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By (user no longer on site) OP
over a year ago
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"A little tip not many know about, buy low and then sell high, I repeat buy low and then sell at a higher price than you paid for them, keep this information to yourself, otherwise everyone will be doing it, good luck in all your stock market endeavours.
This is only true if trading , stocks can be devalued and still pay great dividends. Plus if you follow this advice some of your trades willl have no value. Take Bitcoin, eventually it will be worth £0 , so those fools insisting on holding will lose the lot "
Why do you think it will go to zero? |
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By *oodmessMan
over a year ago
yumsville |
This interests me but knowing top's or market bottoms is a near impossibility. The manipulation and boosting of prices can easily catch in/experienced investors out. Shares can dive on good reports but with a minor caviat or rocketing because a few funds believe in their future.
You certainly gain more than you do in an isa but people really need honest independent advice, which is so hard to get. Shares can slide or grow for no reason other than sentiment or wider global issues any one investor is completely unaware of. |
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I have quite a few shares currently my ISA sits around 11% currently but I do my homework when it comes to buying shares or ETF’s. Certainly the S&P 500 has made me a nice profit over the last year.
My portfolio has both growth and dividends paying stocks as it’s nice to receive a text telling you that a few quid has gone into your account.
However I’m in for the long run, hopefully some stocks (Chinese especially) will make me a nice nest egg in the future. |
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By (user no longer on site)
over a year ago
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"A little tip not many know about, buy low and then sell high, I repeat buy low and then sell at a higher price than you paid for them, keep this information to yourself, otherwise everyone will be doing it, good luck in all your stock market endeavours.
This is only true if trading , stocks can be devalued and still pay great dividends. Plus if you follow this advice some of your trades willl have no value. Take Bitcoin, eventually it will be worth £0 , so those fools insisting on holding will lose the lot "
Interesting points all taken on board, but I have to disagree. |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"A little tip not many know about, buy low and then sell high, I repeat buy low and then sell at a higher price than you paid for them, keep this information to yourself, otherwise everyone will be doing it, good luck in all your stock market endeavours.
This is only true if trading , stocks can be devalued and still pay great dividends. Plus if you follow this advice some of your trades willl have no value. Take Bitcoin, eventually it will be worth £0 , so those fools insisting on holding will lose the lot
Interesting points all taken on board, but I have to disagree. "
Which bit ? |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"A little tip not many know about, buy low and then sell high, I repeat buy low and then sell at a higher price than you paid for them, keep this information to yourself, otherwise everyone will be doing it, good luck in all your stock market endeavours.
This is only true if trading , stocks can be devalued and still pay great dividends. Plus if you follow this advice some of your trades willl have no value. Take Bitcoin, eventually it will be worth £0 , so those fools insisting on holding will lose the lot
Why do you think it will go to zero? "
Eventually regulation , corruption , cost of maintaining the ledgers, block chain is also becoming a big no no for the environment |
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By *oodmessMan
over a year ago
yumsville |
I always thought buying shares was to find the Google, Amazon, Microsoft. I'd love to hear peoples thoughts of where they see any value, upside or potential in where the next 5-10 years may go (cryto aside). |
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By (user no longer on site)
over a year ago
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"I always thought buying shares was to find the Google, Amazon, Microsoft. I'd love to hear peoples thoughts of where they see any value, upside or potential in where the next 5-10 years may go (cryto aside)."
Trying to predict the stock market is virtually impossible - especially in that length of future time. The best way is to have a diverse portfolio and sit on it for 5-10 years and hope your gains outweigh your losses.
It's not about making money but minimising loss. |
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