Discussion
Thinking of having a dabble; are they reputable?
Online reviews are mostly positive, though one or two are very negative.
I just want somewhere to play with a few thousands (not tens), keeping fees to a minimum. Not looking to get rich quick, just do a bit better than regular saver/ISA.
Online reviews are mostly positive, though one or two are very negative.
I just want somewhere to play with a few thousands (not tens), keeping fees to a minimum. Not looking to get rich quick, just do a bit better than regular saver/ISA.
LordGrover said:
Thinking of having a dabble; are they reputable?
Online reviews are mostly positive, though one or two are very negative.
I just want somewhere to play with a few thousands (not tens), keeping fees to a minimum. Not looking to get rich quick, just do a bit better than regular saver/ISA.
They appear to be quite popular and if you click a referral link somewhere, you can get a freebie on signing up. MOs tof the finance Youtubers use T212.Online reviews are mostly positive, though one or two are very negative.
I just want somewhere to play with a few thousands (not tens), keeping fees to a minimum. Not looking to get rich quick, just do a bit better than regular saver/ISA.
I'm interested in how you propose on doing better than an ISA by trading shares/part shares though.
The generally accepted view would be that this is near impossible to do long term (even the best paid traders in the world don't manage it long term) and you are nearly always better off just investing in a stocks and shares ISA in some kind of market tracker.
If you want to use T212 for a bit of fun, then fine, but if you think you are going to beat the market, then you should probably just get a job as a proper trader now
fat80b said:
If you want to use T212 for a bit of fun, then fine, but if you think you are going to beat the market, then you should probably just get a job as a proper trader now
I'm at the wrong end of the scale for that, aiming to retire in the next four or five years. Pension's looking as though it'll do it's job, so just fancy a dabble with a few bob that's otherwise doing nothing.
Edited by LordGrover on Thursday 21st December 11:13
LordGrover said:
Thinking of having a dabble; are they reputable?
Online reviews are mostly positive, though one or two are very negative.
I just want somewhere to play with a few thousands (not tens), keeping fees to a minimum. Not looking to get rich quick, just do a bit better than regular saver/ISA.
I know a few folks who use them and they seem happy with the service.Online reviews are mostly positive, though one or two are very negative.
I just want somewhere to play with a few thousands (not tens), keeping fees to a minimum. Not looking to get rich quick, just do a bit better than regular saver/ISA.
Do you mean 212 for an ISA?
If so IG might be an option to look at, depending what you want/may want in the future. IG are one of the few providers of flexible ISA, meaning you can withdraw during any year AND as long as you pop the funds back in before end of the same financial year, you don't lose the 'tax wrapper'. Handy to be able to dip in to the pot and replenish.
I'm also just an amateur, far from a pro trader but enjoy the game. I've been at it for the year so far and up overall.
T212 is a good choice. It's free to use, free withdrawals and in GBP.
I use eToro, that's got withdrawal fee's and is in USD so you need something like a Wise account too to keep exchange costs down. I follow the US Stock Market.
I have a Watchlist of about 40 companies, all big names, and invest in around 5-7 of them at any one time. I only trade Stocks, never Short, no Penny stocks (smaller companies that are higher risk) and, crucially, have infinite patience and don't worry if they go down - as they did yesterday. - because eventually they'll come back up in my experience.
I try not to invest too close to what the Expert analysts believe the max upside will be and typically go for 75% long and 25% day trading/weekly.
BA (Boeing), AI (C3.ai Inc) and MU (Micron) are in my Watchlist and pre-market is looking ok at the moment, may have a quick in and out dabble if they look the same nearer to the US Stock Market opening today.
CCL (Carnival Cruise) have there Report today so that's expected to see a decent jump too - which is good, because my shares lost a bit yesterday so today could see a nice swing on that.
If one of my stocks goes down, I don't panic, I just wait, basically even if it is weeks or months since it seems to come back. I aim for small bites of profit on the day/weekly trades that I do.
For comparison, I have maxed out Premium Bonds and taking advantage of the 5%+ interest rates on savings at the moment and my stocks out-perform both very comfortably. I'll probably cash in my Premium Bonds and put that into stocks for 2024 too.
T212 is a good choice. It's free to use, free withdrawals and in GBP.
I use eToro, that's got withdrawal fee's and is in USD so you need something like a Wise account too to keep exchange costs down. I follow the US Stock Market.
I have a Watchlist of about 40 companies, all big names, and invest in around 5-7 of them at any one time. I only trade Stocks, never Short, no Penny stocks (smaller companies that are higher risk) and, crucially, have infinite patience and don't worry if they go down - as they did yesterday. - because eventually they'll come back up in my experience.
I try not to invest too close to what the Expert analysts believe the max upside will be and typically go for 75% long and 25% day trading/weekly.
BA (Boeing), AI (C3.ai Inc) and MU (Micron) are in my Watchlist and pre-market is looking ok at the moment, may have a quick in and out dabble if they look the same nearer to the US Stock Market opening today.
CCL (Carnival Cruise) have there Report today so that's expected to see a decent jump too - which is good, because my shares lost a bit yesterday so today could see a nice swing on that.
If one of my stocks goes down, I don't panic, I just wait, basically even if it is weeks or months since it seems to come back. I aim for small bites of profit on the day/weekly trades that I do.
For comparison, I have maxed out Premium Bonds and taking advantage of the 5%+ interest rates on savings at the moment and my stocks out-perform both very comfortably. I'll probably cash in my Premium Bonds and put that into stocks for 2024 too.
Edited by YorkshireStu on Thursday 21st December 11:36
YorkshireStu said:
I use eToro, that's got withdrawal fee's and is in USD so you need something like a Wise account too to keep exchange costs down. I follow the US Stock Market.
If its US stocks that you play with, wouldn't it be better in the long run to have a US account?Edited by YorkshireStu on Thursday 21st December 11:36
my trading account is with Tradetation and i set it up to be in USD, so just the 2 FX exposures - a/ to fund it b/ to withdraw.....
greengreenwood7 said:
I know a few folks who use them and they seem happy with the service.
Do you mean 212 for an ISA?
If so IG might be an option to look at, depending what you want/may want in the future. IG are one of the few providers of flexible ISA, meaning you can withdraw during any year AND as long as you pop the funds back in before end of the same financial year, you don't lose the 'tax wrapper'. Handy to be able to dip in to the pot and replenish.
Never knew that a flexible isa existed, thank you for that infoDo you mean 212 for an ISA?
If so IG might be an option to look at, depending what you want/may want in the future. IG are one of the few providers of flexible ISA, meaning you can withdraw during any year AND as long as you pop the funds back in before end of the same financial year, you don't lose the 'tax wrapper'. Handy to be able to dip in to the pot and replenish.
I use Freetrade which I understand provides a largely similar service to T212. They offer a (paid) ISA and just started offering access to UK 28 day treasury bonds. Also happy to provide a referral code!
I've found investing in ETFs from the likes of Fidelity and iShares is a relatively stress free way to invest in S&S without the worry of choosing individual stocks.
I've found investing in ETFs from the likes of Fidelity and iShares is a relatively stress free way to invest in S&S without the worry of choosing individual stocks.
I have 212 just for a bit of fun and to get a better understanding of what is happening to the market and the other money I have invested that others ‘look after’. Took out the account about 9 months ago and have about 10 companies invested in. It’s just under £1000 now and I’m almost 30% up. Simple to use and easy to set up.
My Portfolio was up 4.42% yesterday alone thanks to CCL and MU mainly. Closed both around 4pm UK time and will re-invest. My others all up too.
Amateur trading is not nearly as onerous as many make out providing you don't take big risks. According to the Delta app, my risk level is just 1.68.
I started out with a $5k stake and then gradually increased it as I grew more confident. It's significantly more than that now and enough to give me a monthly income should I choose to cash in each month.
If a total noob in all things financial like me can do it, anyone can!
Amateur trading is not nearly as onerous as many make out providing you don't take big risks. According to the Delta app, my risk level is just 1.68.
I started out with a $5k stake and then gradually increased it as I grew more confident. It's significantly more than that now and enough to give me a monthly income should I choose to cash in each month.
If a total noob in all things financial like me can do it, anyone can!
Do it, it's fun.
I started with 212 a couple of years ago. Tend to buy in when a reputable company posts bad news and the shares take a dive. So the majority of my research is listening to David Buick on LBC talking to Nick Ferrari. As long as it doesn't look terminal they usually bonce back. Having said that on some of them I've been waiting a while.
Started off with £1k as play money until I found my way around. Chucked in another £7k once my confidence grew and my shares are now at £18k.
It's a total gamble the way I play but unlike the horses you don't tend to lose your whole stake every time you don't pick a winner so you've got to go some to lose the lot.
Every single one of my get rich quick penny type shares has failed so I've stopped playing in that area. Still got a few left that aren't worth selling so you never know though.
I started with 212 a couple of years ago. Tend to buy in when a reputable company posts bad news and the shares take a dive. So the majority of my research is listening to David Buick on LBC talking to Nick Ferrari. As long as it doesn't look terminal they usually bonce back. Having said that on some of them I've been waiting a while.
Started off with £1k as play money until I found my way around. Chucked in another £7k once my confidence grew and my shares are now at £18k.
It's a total gamble the way I play but unlike the horses you don't tend to lose your whole stake every time you don't pick a winner so you've got to go some to lose the lot.
Every single one of my get rich quick penny type shares has failed so I've stopped playing in that area. Still got a few left that aren't worth selling so you never know though.
Used T212 for a while now. Put in a total of £8300 over two or three years as my other GIA shares account cost me more to buy/sell so transfered sales to T212. That £8,3k is this morning now worth £11.2k.....
I use the Intelligent Money PH funds as a guide for buying, they are right more times than they are wrong and far better at selection than I am.
I use the Intelligent Money PH funds as a guide for buying, they are right more times than they are wrong and far better at selection than I am.
Harry H said:
Do it, it's fun.
I started with 212 a couple of years ago. Tend to buy in when a reputable company posts bad news and the shares take a dive. So the majority of my research is listening to David Buick on LBC talking to Nick Ferrari. As long as it doesn't look terminal they usually bonce back. Having said that on some of them I've been waiting a while.
Started off with £1k as play money until I found my way around. Chucked in another £7k once my confidence grew and my shares are now at £18k.
It's a total gamble the way I play but unlike the horses you don't tend to lose your whole stake every time you don't pick a winner so you've got to go some to lose the lot.
Every single one of my get rich quick penny type shares has failed so I've stopped playing in that area. Still got a few left that aren't worth selling so you never know though.
I avoid penny stocks like the plague. Research is key and if investing in the Top 500 companies, it's hard to go wrong if you are patient and don't buy close to what the analysts have as the average upside for the forthcoming year. That's worked for me, anyway. I do my homework on the companies I invest in, check out their last 5 years, watch what is happening in the World that might affect them continually. If you enjoy it, it's very interesting but done properly is very time consuming. I'm basically retired so it gives me something to do. I started with 212 a couple of years ago. Tend to buy in when a reputable company posts bad news and the shares take a dive. So the majority of my research is listening to David Buick on LBC talking to Nick Ferrari. As long as it doesn't look terminal they usually bonce back. Having said that on some of them I've been waiting a while.
Started off with £1k as play money until I found my way around. Chucked in another £7k once my confidence grew and my shares are now at £18k.
It's a total gamble the way I play but unlike the horses you don't tend to lose your whole stake every time you don't pick a winner so you've got to go some to lose the lot.
Every single one of my get rich quick penny type shares has failed so I've stopped playing in that area. Still got a few left that aren't worth selling so you never know though.
It's a risk like any other but so is letting others do it for you too - people still lose money with reputable investors - all investing is a risk but you can control the level of that risk with good discipline.
“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett.
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