Anyone dabble in Shares?
Discussion
Tiggsy said:
the problem with small share holdings is the research and time to do it right doesnt yeild a good return on your time. depending on your job/investmnet you may find you make more money by working harder/overtime than faffing about with 10k of shares.
That is very true. Although, it isn't so bad if you develop a skill with a view to scaling up in the general share trading sense as you become profitable, but you do make a very good point.rickybouy said:
Hey Shadowninja,
feel a bit daft now! i do know the Elliot Wave Theory, but was thinking it was some yoof speak
my thoughts about RBS shares are based on some friends i know who work in this field and they talk in ways i don't really understand, but basically the shares are undervalued at the moment as rbs net worth is very high and once they pay the government back the prices will obviously rise again.
hope that makes sense
Ah, dat's cos I iz street, innit... I iz wall street.feel a bit daft now! i do know the Elliot Wave Theory, but was thinking it was some yoof speak
my thoughts about RBS shares are based on some friends i know who work in this field and they talk in ways i don't really understand, but basically the shares are undervalued at the moment as rbs net worth is very high and once they pay the government back the prices will obviously rise again.
hope that makes sense
And the serious reply: Ah, do your friends think this will happen at the end of the year, then?
ETA: Dognammit. I ruined my chav speak by using decent punctuation!
Edited by ShadownINja on Sunday 26th July 14:40
mercGLowner said:
Fittster said:
Have you considered reading some of the books available on share dealing?
Haven't done so yet, there is stacks of stuff online and I have just subscribed to Moneyweek.
t. Take that Robert Preston, for instance. Middle aged housewives probably worship him for being so apparently clever. If he's so clever, he'd be kicking back on his sun lounger sipping cocktails on his yacht in the Barbados having shorted Dow futures from 2007 rather than standing outside the LSE when it's pissing down with rain giving us the latest news on what happened in the markets. Rant over. 
Books:
Trading in the Zone (Mark Douglas)
Money Management (Ryan Jones)
Market Wizards, Stock Market Wizards and New Market Wizards (all by Jack Schwager)
None of these books tell you how to trade. Interesting, eh?
Some people recommend Reminiscences of a Stock Operator. I am in two minds as to whether Livermore was a genius or just a lucky punter. Read the book later.
ShadownINja said:
mercGLowner said:
Fittster said:
Have you considered reading some of the books available on share dealing?
Haven't done so yet, there is stacks of stuff online and I have just subscribed to Moneyweek.t. Take that Robert Preston, for instance. Middle aged housewives probably worship him for being so apparently clever. If he's so clever, he'd be kicking back on his sun lounger sipping cocktails on his yacht in the Barbados having shorted Dow futures from 2007 rather than standing outside the LSE when it's pissing down with rain giving us the latest news on what happened in the markets. Rant over. Books:
Trading in the Zone (Mark Douglas)
Money Management (Ryan Jones)
Market Wizards, Stock Market Wizards and New Market Wizards (all by Jack Schwager)
None of these books tell you how to trade. Interesting, eh?
Some people recommend Reminiscences of a Stock Operator. I am in two minds as to whether Livermore was a genius or just a lucky punter. Read the book later.
mercGLowner said:
'kin hell. Those books aint cheap!
Trying to avoid another ROFL, here, if I'm honest.C'mon! You don't make much money selling your secrets for peanuts. But you can make a bit of money selling your books for £50.
If I'd made a billion on the markets, I wouldn't bother digging out the typewriter.
grumbledoak said:
mercGLowner said:
'kin hell. Those books aint cheap!
Trying to avoid another ROFL, here, if I'm honest.C'mon! You don't make much money selling your secrets for peanuts. But you can make a bit of money selling your books for £50.
If I'd made a billion on the markets, I wouldn't bother digging out the typewriter.
Won't win me friends on this thread but I'd recommend:
The Little Book of Commonsense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
I quite enjoy reading moneyweek, no idea how good its share tips are though. Certainly a better read than the other magazines out there.
The Little Book of Commonsense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
I quite enjoy reading moneyweek, no idea how good its share tips are though. Certainly a better read than the other magazines out there.
Edited by Fittster on Sunday 26th July 15:26
mercGLowner said:
Why would you ROFL because I made a comment about pricey books!
Sorry. My original ROFL was due to your seeming naivity about the markets. You didn't much appreciate it, though I confess I was a little 'terse', to say the least. I felt another ROFL due to your seeming naivety on the book front. Has it occurred to you that these people make more money from their books than from the markets?No-one, and I mean no-one, who has made a mint on the markets either wants, or needs, to tell you how they did it. And, even if they were real, every professional trader on the planet would be doing it.
mercGLowner said:
I doubt whether they give you the key to making a fortune.
Quite.Do read a few books, my own preference I've already given. It won't promise you endless riches, but it is informative and entertaining. And, cheaper than most of the others.
grumbledoak said:
mercGLowner said:
Why would you ROFL because I made a comment about pricey books!
Sorry. My original ROFL was due to your seeming naivity about the markets. You didn't much appreciate it, though I confess I was a little 'terse', to say the least. I felt another ROFL due to your seeming naivety on the book front. Has it occurred to you that these people make more money from their books than from the markets?No-one, and I mean no-one, who has made a mint on the markets either wants, or needs, to tell you how they did it. And, even if they were real, every professional trader on the planet would be doing it.
mercGLowner said:
I doubt whether they give you the key to making a fortune.
Quite.Do read a few books, my own preference I've already given. It won't promise you endless riches, but it is informative and entertaining. And, cheaper than most of the others.
The authors of the books I recommend don't claim, as far as I know, to have made money on the markets. That's why I mentioned my final comment: "None of these books tell you how to trade. Interesting, eh?" They do not hold the key to raping the markets. They do, however, hold the key to not being raped by the markets.
But otherwise, Grumbleoak is right. Why would anyone bother teaching, coaching, writing books or giving seminars? If you were a stockmarket millionaire, you'd help out people FOC like we do on PH but you wouldn't charge for regular seminars, would you?
But otherwise, Grumbleoak is right. Why would anyone bother teaching, coaching, writing books or giving seminars? If you were a stockmarket millionaire, you'd help out people FOC like we do on PH but you wouldn't charge for regular seminars, would you?
Edited by ShadownINja on Sunday 26th July 15:57
mercGLowner said:
Fittster said:
Have you considered reading some of the books available on share dealing?
Haven't done so yet, there is stacks of stuff online and I have just subscribed to Moneyweek.Used my Isa allowance this year and put some into RBS / LLOY - currently down £300 with RBS , up £650 with LLOY. Intention is to hold them long term.
If you check them everyday these 2 shares can give you the s
ts - was close to £1k down with RBS at one stage.Had a tinker with Lookers shares just before the Govt announced scrappage scheme +£425
Bought Glaxo when swine flu news started breaking +£150
Research research research and oh yeah - be prepared to lose it all!
mercGLowner said:
Thanks for that. The trouble with having a few holding is that it increases dealing costs markedly. I do consider that I have a 'plan', and it doesn't involve being greedy, I would just like a decent return, in fact just to break even after 6 months would give me valuable experience.
On reflection the banks are too higher risk at the moment, I am going to take a watching brief on them and see what happens. The consensus appears to be that RBS may well dip down again anyway. I have been looking at Vodafone, a 'medium' risk FTSE100 company. It seems to be in favour at the moment and I have read about a possible takeover of T-Mobile in the future, which wouldn't do the share price any harm.
More holdings in varied sectors also spread the risk.On reflection the banks are too higher risk at the moment, I am going to take a watching brief on them and see what happens. The consensus appears to be that RBS may well dip down again anyway. I have been looking at Vodafone, a 'medium' risk FTSE100 company. It seems to be in favour at the moment and I have read about a possible takeover of T-Mobile in the future, which wouldn't do the share price any harm.
How will taking a punt on a mainstream share (or two) and holding it for 6 months give you "valuable experience" regardless of the outcome?
Why, in your opinion/research are Vodafone a "buy" and why would the acquisition of T-Mobile result in a share price increase? The potential bid is old news, and arguably the share price already reflects the (some of) the potential. What if a bidding war develops Vodafone miss out, or saddle themselves with a load of debt - each of which could negatively affect the share price.
If you have done your research and believe that this is not the case, then fine (I haven't, I don't know). I'm not having a go, but you should have answers for these questions if you are going to invest in a company.
I think around the 7th of August RBS results are out and are meant to be a little better than previously forecast, there was quite a surge on friday up to i believe around 43/44p i think it'll obviously take time to recover but i think 70p by xmas is more than possible as for 2-3 years i would say 1-2 pound mark, but no one really knows the thing with RBS is trhat they will pay back the government as soon as they can and then there price obviously will increase, if your in it for the long haul i think it's a safe bet, they will never go bust they own coutts which i believe is where the queen banks
Jazzer77 said:
mercGLowner said:
Fittster said:
Have you considered reading some of the books available on share dealing?
Haven't done so yet, there is stacks of stuff online and I have just subscribed to Moneyweek.Used my Isa allowance this year and put some into RBS / LLOY - currently down £300 with RBS , up £650 with LLOY. Intention is to hold them long term.
If you check them everyday these 2 shares can give you the s
ts - was close to £1k down with RBS at one stage.Had a tinker with Lookers shares just before the Govt announced scrappage scheme +£425
Bought Glaxo when swine flu news started breaking +£150
Research research research and oh yeah - be prepared to lose it all!
The 'be prepared to loose it all' statement is acknowledged but then again that applies to every investment we all make, putting money in banks, investing in pensions, cash ISA or whatever, it is 'just' the risk level that varies I suppose. I would have thought that most FTSE 100 companies are a relatively 'safe' bet.
UpTheIron said:
mercGLowner said:
Thanks for that. The trouble with having a few holding is that it increases dealing costs markedly. I do consider that I have a 'plan', and it doesn't involve being greedy, I would just like a decent return, in fact just to break even after 6 months would give me valuable experience.
On reflection the banks are too higher risk at the moment, I am going to take a watching brief on them and see what happens. The consensus appears to be that RBS may well dip down again anyway. I have been looking at Vodafone, a 'medium' risk FTSE100 company. It seems to be in favour at the moment and I have read about a possible takeover of T-Mobile in the future, which wouldn't do the share price any harm.
More holdings in varied sectors also spread the risk.On reflection the banks are too higher risk at the moment, I am going to take a watching brief on them and see what happens. The consensus appears to be that RBS may well dip down again anyway. I have been looking at Vodafone, a 'medium' risk FTSE100 company. It seems to be in favour at the moment and I have read about a possible takeover of T-Mobile in the future, which wouldn't do the share price any harm.
How will taking a punt on a mainstream share (or two) and holding it for 6 months give you "valuable experience" regardless of the outcome?
Why, in your opinion/research are Vodafone a "buy" and why would the acquisition of T-Mobile result in a share price increase? The potential bid is old news, and arguably the share price already reflects the (some of) the potential. What if a bidding war develops Vodafone miss out, or saddle themselves with a load of debt - each of which could negatively affect the share price.
If you have done your research and believe that this is not the case, then fine (I haven't, I don't know). I'm not having a go, but you should have answers for these questions if you are going to invest in a company.
rickybouy said:
I think around the 7th of August RBS results are out and are meant to be a little better than previously forecast, there was quite a surge on friday up to i believe around 43/44p i think it'll obviously take time to recover but i think 70p by xmas is more than possible as for 2-3 years i would say 1-2 pound mark, but no one really knows the thing with RBS is trhat they will pay back the government as soon as they can and then there price obviously will increase, if your in it for the long haul i think it's a safe bet, they will never go bust they own coutts which i believe is where the queen banks
Thanks for that. I think I will watch RBS with interest, and see what happens.Edited by mercGLowner on Sunday 26th July 17:24
mercGLowner said:
Anyone dabble in this field?
I dabble a tiny bit and would give the following advice.I you don't have much time to 'invest' in you investment then I'd stay clear of volatile shares or anything too risky, because chances are by the time you hear about a problem or run, it will no doubt be too late for you be able to do anything significant to rescue your situation.
If you are just looking to buy some shares and sit back and maybe sell in 5+ years time, then the banks you mention should not do too bad for you. Other things to consider would be e.g food retailers, builders, energy companies etc. Most of these will also give you a reasonable dividend that you can re-invest or spend as you wish.
I'm not saying all companies in the above markets are certs to do well, but you will be less likely to lose the lot in one day.
In the past I've taken speculative punts that have worked well in short term, and have also held some shares too long, being greedy trying to wait till the price had quadrupled instead of selling when it had tripled, and they are no virtually worthless....
Good luck, but don't risk what you may need in the future.
mercGLowner said:
The 'be prepared to loose it all' statement is acknowledged but then again that applies to every investment we all make, putting money in banks, investing in pensions, cash ISA or whatever, it is 'just' the risk level that varies I suppose. I would have thought that most FTSE 100 companies are a relatively 'safe' bet.
I wouldn't say it applies to a bank account, pension plan or ISA, traditionally (and they are largely protected to a certain degree despite the current financial problems), whereas high risk activities such as trading options or even just FTSE 100 shares ( 
), I'd say that it is possible to lose the lot.Gassing Station | Finance | Top of Page | What's New | My Stuff