Beginner with stocks/shares

[hammerrr7]

Hi guys,

I've been thinking about buying/selling stocks and shares as a little side interest and hopefully become successful to save for the future. A friend of mine recommended the NatWest stock app as that's what he uses and is fairly easy to use with low fees. I use NatWest personally so could be a good match. Are there others you use?

As I'm a beginner, I wonder what advice or tips others have for somebody starting out? Don't worry I'm not asking for your portfolio details however tips and what to look out for/avoid for someone completely new?

[hammerrr7]

Yeah good advice. I'm not looking at quick wins to make me rich overnight - purely readung the news and connecting what industry is likely to be affected.

I'm eager to buy some in Man Utd as I know (hope) things will get better!

[hammerrr7]

Steve Campbell said:

hammerrr7 said:

I'm eager to buy some in Man Utd as I know (hope) things will get better!

You're going to lose it all ;-)

My fault for going off topic!

[hammerrr7]

Thanks for the advice chaps - really useful.

How do I go about creating a dummy account?

[hammerrr7]

Thanks a lot for the advice all - I wasn't expecting such a great response however I was wrong. I'm going to be purchasing the book shortly and given I'm on holiday, perfect time to read it. I'll have a look at the NatWest App and see if I can create a dummy account - as like you, I also bank with them so made sense to begin with to keep everything simple!

[hammerrr7]

A few of my mates use the same app so my thinking was as I'm new to it all and should I get stuck or need help, I can point in there direction and get some help! Having had a look around NatWest seem to be there or there abouts as the system/software to use. Plus, as I bank with them it might make the transfer side a bit easier - who knows?

[hammerrr7]

Very true. I think its one off fees for buying and selling and it's either £15 one off fee to buy and £30 one off few when you decide to sell. Don't hold me on those but it's something along those lines.

[hammerrr7]

Defiantly. NatWest is just one option amongst several out there. It'll be finding out that works out best for me once I've read around the subject more and certainly created a dummy account.

[hammerrr7]

Absolutely. Otherwise my next thread on the business section would be 'how to file for bankruptcy'

[hammerrr7]

Good job I'm reading the book and have watched the film!

[hammerrr7]

Hollerout said:

hammerrr7 said:

Good job I'm reading the book and have watched the film!

Just wondering, 4 months on - did you do it and how's it going. I'm 6 months in and getting on pretty well with share.com, I have purchased a variety of shares to date.

I went in a slightly different direction. I started reading about Spreadbetting which I felt more comfortable with knowing I place bets on stocks/shares/gold etc. and place a limit on it, so I know in the worst case scenario how much I was going to lose.

I opened a free account with IG Index, which has a very neat operating system and user friendly. I spend an hour or so in the evenings researching certain companies and what's happening in the world. I then place a bet whether I think the price of that share is going to drop or increase. Every point it moves up, I earn 50p and vice versa in the other direction.

It's not going to earn me thousands of pounds but I'm learning every time but limiting my loses in a way so it's controlled. I'd recommend it to anyone thinking of starting just to look around. Initially, I opened my IG account and didn't place a ticket for 2 weeks as I was learning the screen, reading and analysing what was happening.

Very useful tool.