£500 to play with stocks & shares...!!!!!
Discussion
What do you want to get from this? £500 is too small to really be called investing, because you'll need to make a lot to cover your dealing charges and spread.
Right now, I'd just put it all into an emerging markets fund and watch how it performs. They're all on a strong up now so you'll probably see it grow pretty well.
Right now, I'd just put it all into an emerging markets fund and watch how it performs. They're all on a strong up now so you'll probably see it grow pretty well.
otherman said:
What do you want to get from this? £500 is too small to really be called investing, well.
I invested 500 quid in crypto's a few years back, returned about 20k.Probably not now though too 'high', but there are loads of other options now, revolut offers fractions of shares and lost trade buys.
There are also seed investments, a bit more dodgier but can get in at the ground level, I invested in miso robotic.
OP always buy and incest what you like not what others, it should be personal and look for an edge. You will be looking at riskier investments due to lower start capital.
i'm fascinated by the robotics companies, and looking at Teradyne now. I think they have a lot of potential overall.
if you are interested in cryptos there are loads of cheap ways to get coins, coinbase will give you about 50 usd for opening an account and watching videos.
Join BTC talk and join one of the many airdrops, aka free coins, they don't require much, maybe a signature in your profile on there.
Even 100 quid could invest in mining like genesis, interesting but generally pointless.
The biggest mistake i made though was constantly trying to increase capital instead of leaving the investments, aka day trading.
Edited by anonymous-user on Wednesday 17th February 00:49
The Spruce Goose said:
I invested 500 quid in crypto's a few years back, returned about 20k.
Probably not now though too 'high', but there are loads of other options now, revolut offers fractions of shares and lost trade buys.
There are also seed investments, a bit more dodgier but can get in at the ground level, I invested in miso robotic.
OP always buy and incest what you like not what others, it should be personal and look for an edge. You will be looking at riskier investments due to lower start capital.
i'm fascinated by the robotics companies, and looking at Teradyne now. I think they have a lot of potential overall.
if you are interested in cryptos there are loads of cheap ways to get coins, coinbase will give you about 50 usd for opening an account and watching videos.
Join BTC talk and join one of the many airdrops, aka free coins, they don't require much, maybe a signature in your profile on there.
Even 100 quid could invest in mining like genesis, interesting but generally pointless.
The biggest mistake i made though was constantly trying to increase capital instead of leaving the investments, aka day trading.
The 'c' and 'v' are right next to each other on the keyboard but a simple miskey totally changes the tone of the sentence. Probably not now though too 'high', but there are loads of other options now, revolut offers fractions of shares and lost trade buys.
There are also seed investments, a bit more dodgier but can get in at the ground level, I invested in miso robotic.
OP always buy and incest what you like not what others, it should be personal and look for an edge. You will be looking at riskier investments due to lower start capital.
i'm fascinated by the robotics companies, and looking at Teradyne now. I think they have a lot of potential overall.
if you are interested in cryptos there are loads of cheap ways to get coins, coinbase will give you about 50 usd for opening an account and watching videos.
Join BTC talk and join one of the many airdrops, aka free coins, they don't require much, maybe a signature in your profile on there.
Even 100 quid could invest in mining like genesis, interesting but generally pointless.
The biggest mistake i made though was constantly trying to increase capital instead of leaving the investments, aka day trading.
Edited by The Spruce Goose on Wednesday 17th February 00:49
I've money in L&G Robotics and, separately, L&G Cyber security through ETF's. What's an ETF?, a basket of companies with businesses focussed on that industry. So your investment is across a wide number of companies - I think that's less risky. Also the management charge per annum is low, in one of mine it's 0.75%. I’m hoping to get good double digit growth per annum.
If you actively trade then with the best will in the world, I predict you'll have lost the lot inside a month. Almost all amateur traders (and a good proportion of the professionals) lose money https://www.cnbc.com/2020/11/20/attention-robinhoo...
Plus with only £500 to play with, trading fees will gobble up a much larger percentage of any gains you make, meaning that it's even harder to make money.
There will always be those who say "I made thousands in a week" but 90% of those stories either aren't true or miss out the year of losses either side - and the other 10% were simply in the right place at the right time. So great if you can easily afford to lose it all, and just want an alternative to betting on the horses, but don't go in expecting that it's anything other than gambling.
Your safest option for actually making money is to pick a fund that reflects what you think is doing well and hold onto it for a few years (emerging markets as above are pretty strong right now, or equally you'd be unlikely to lose long-term with a US-based fund). Or for a bit more risk/reward, pick a decent-looking stock that you believe has strong fundamentals and again hold onto it (I've done nicely out of Apple this year and have no intention of selling any time soon, for example).
But frequent amateur trading is, sad to say, almost certainly doomed to failure.
Plus with only £500 to play with, trading fees will gobble up a much larger percentage of any gains you make, meaning that it's even harder to make money.
There will always be those who say "I made thousands in a week" but 90% of those stories either aren't true or miss out the year of losses either side - and the other 10% were simply in the right place at the right time. So great if you can easily afford to lose it all, and just want an alternative to betting on the horses, but don't go in expecting that it's anything other than gambling.
Your safest option for actually making money is to pick a fund that reflects what you think is doing well and hold onto it for a few years (emerging markets as above are pretty strong right now, or equally you'd be unlikely to lose long-term with a US-based fund). Or for a bit more risk/reward, pick a decent-looking stock that you believe has strong fundamentals and again hold onto it (I've done nicely out of Apple this year and have no intention of selling any time soon, for example).
But frequent amateur trading is, sad to say, almost certainly doomed to failure.
Not advice obviously, but ARB's a pretty good place for a punt right now. They're bitcoin miners and the share price is doing unbelievable things at the mo. If you'd put £500 in it just a couple of weeks back it would be heading to £2000 now. I obviously sold out just before all the fun began.
https://www.google.com/search?q=arb+stock+price&am...
DYOR.
https://www.google.com/search?q=arb+stock+price&am...
DYOR.
Edited by Luke. on Wednesday 17th February 09:46
I'd probably just put it in a fund and add to that fund with a monthly transfer if you have no other investments. If you already have investments and are happy to play then..
I've got some shares that go and up and down to play with. I use the AIM penny stock for fun (gambling really) but wouldn't put money in there I would care lots if I lost it.
I know somone who put in a relatively small amount in GGP that got up to £270K but has fallen down by £120k over the last week. I've got some money in there but got in late and am currently down too.
I've got some shares that go and up and down to play with. I use the AIM penny stock for fun (gambling really) but wouldn't put money in there I would care lots if I lost it.
I know somone who put in a relatively small amount in GGP that got up to £270K but has fallen down by £120k over the last week. I've got some money in there but got in late and am currently down too.
Nothing wrong with £500. Use something like freetrade or 212 to keep fees down (I have refereal for free shares if you want.)
Have a think on how big a gamble you want to take but I'd stay away from day trading. People knock investing £100 here and there but there is nothing wrong with building up. Some nice shares that have returned 20%/month recently.
Have a think on how big a gamble you want to take but I'd stay away from day trading. People knock investing £100 here and there but there is nothing wrong with building up. Some nice shares that have returned 20%/month recently.
bazza white said:
Nothing wrong with £500. Use something like freetrade or 212 to keep fees down (I have refereal for free shares if you want.)
Have a think on how big a gamble you want to take but I'd stay away from day trading. People knock investing £100 here and there but there is nothing wrong with building up. Some nice shares that have returned 20%/month recently.
212 aren't taking on new accounts at the moment. I'm using etoro...Have a think on how big a gamble you want to take but I'd stay away from day trading. People knock investing £100 here and there but there is nothing wrong with building up. Some nice shares that have returned 20%/month recently.
I started using Freetrade late last year and put a small amount into Moderna and AstraZeneca before they announced their vaccine on the off chance I’d make a little profit. It was just to have a little ‘fun’ and planned to invest in other companies if I had the confidence later on. I sold the Moderna shares just after they were losing value and made about £60 (about 50% of my total investment). I started looking about for other markets to invest in and bought mainly into energy companies. They started to do really well so cut my losses with AstraZeneca, losing £30, and put it into Ceres Power and Ballard Power. So far I’ve got £475 ‘invested’ and last week had made £120 ‘profit’, today that’s down to £40! I set up a Google Alert for Moderna/Ceres etc which threw up some news info into what was going on (it’s how I found out that Modena were going to tank!) and quite often the news articles mentioned other companies worth investing in. Also have a look at The Motley Fool for some ‘tips’.
These are my top performers so far if it gives you some inspiration where to invest? It’s small beer but using Freetrade (or similar) might give you an insight into how the markets work and also how much you could potentially make/lose in a day! I reckon Freetrade is great, it’s a really easy way to start investing and costs virtually nothing when buying/selling.
PS Ceres, Ballard and Plug power have been up by +-30%, recently, I need to to find out what’s going on!
These are my top performers so far if it gives you some inspiration where to invest? It’s small beer but using Freetrade (or similar) might give you an insight into how the markets work and also how much you could potentially make/lose in a day! I reckon Freetrade is great, it’s a really easy way to start investing and costs virtually nothing when buying/selling.
PS Ceres, Ballard and Plug power have been up by +-30%, recently, I need to to find out what’s going on!
Edited by _Hoppers on Wednesday 17th February 20:32
Edited by _Hoppers on Wednesday 17th February 20:37
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