On a whim investment.... ish!
Discussion
Greetings, fellow PistonRings.
Maybe this is boredom coming to the fore, or my insatiable appetite for the finer things in life which are sadly off the readout on my affordability scale.. Eg the 997 GT3.
But, I'm looking at investments, and where to put them. I'm a fairly new starter to this, but at little about me and my current assets (or asset!).
I have one house. Its a nice fairly sizable house in the countryside that is almost paid off, and is appreciating nicely, as it has for years. This is my one main asset. I have a few grand in company shares, which in fairness I have just left. Over the years, they've gone up, which gives a nice warmth in me incase things ever hit the fan.
I'm a long haul airline pilot, the money is good in a professional sense, what I mean by that is it is a good professional salary, in line with Dotors, most solicitors etc, but its not what I would respect as wealth. Thankfully thats not what i'm after, as I'm happy and grateful the way things are. Whats brought this on is that due to the laws which limit and govern my flying time and time off, I have more time than I know what to do with. Typically I have say, 3-4 nights away from home when I leave. I also have the vast majority of the time in the cruise to peruse newspapers/general research etc... I then have a few days off when I get home before going away again...
I fancy a new challenge, a little danger, but conversely rewards if executed properly. To this end I'm looking to invest in something quite dynamic, but I can't quite decide what!
I think the 2 main ideas are Forex (currency trading) or stocks n' shares. I do like the idea of forex, its very cheap (in terms of brokerage fees). It operates whenever I want it to, and I'm not locked in to anything when I dont wish to be, so its highly 'governable'. Is that a word? It also can be traded at whatever tempo, rapid minute by minute stuff or the fundamental, long term trades.
I dont profess to be an expert economist, not even close. I manage to get through most issues of 'The Economist' and the FT, so have a reasonable laypersons grasp on the theories behind Forex. Does anyone know much/care to share what they know about it? I'd be happy to discuss what I know in return, and equally does anyone think its a bloody stupid idea full stop. Does anyone know any good books on the subject also, or websites/forums?
If im honest, I've no idea about what can be made with x amount of cash, whereas with property (a plan for a few years time) it much easier to indicate. Any experiences this side of things would be well recieved too.
I plan an initial outlay of 10k, obviously its not all going to go on one trade, but thats what I've got as a base, and its what I wish to use as an indication of what can be achieved without bankrupting myself. The possibilities to re-invest or pull out alltogether and revert to cozy homelife and cutting the grass every other hour (yes, I have that much time on my hands!) will rest on what happens!!
I know its a little 'out there', but any advice and tips would be greatly appreciated!
Blue Skies..
Maybe this is boredom coming to the fore, or my insatiable appetite for the finer things in life which are sadly off the readout on my affordability scale.. Eg the 997 GT3.
But, I'm looking at investments, and where to put them. I'm a fairly new starter to this, but at little about me and my current assets (or asset!).
I have one house. Its a nice fairly sizable house in the countryside that is almost paid off, and is appreciating nicely, as it has for years. This is my one main asset. I have a few grand in company shares, which in fairness I have just left. Over the years, they've gone up, which gives a nice warmth in me incase things ever hit the fan.
I'm a long haul airline pilot, the money is good in a professional sense, what I mean by that is it is a good professional salary, in line with Dotors, most solicitors etc, but its not what I would respect as wealth. Thankfully thats not what i'm after, as I'm happy and grateful the way things are. Whats brought this on is that due to the laws which limit and govern my flying time and time off, I have more time than I know what to do with. Typically I have say, 3-4 nights away from home when I leave. I also have the vast majority of the time in the cruise to peruse newspapers/general research etc... I then have a few days off when I get home before going away again...
I fancy a new challenge, a little danger, but conversely rewards if executed properly. To this end I'm looking to invest in something quite dynamic, but I can't quite decide what!
I think the 2 main ideas are Forex (currency trading) or stocks n' shares. I do like the idea of forex, its very cheap (in terms of brokerage fees). It operates whenever I want it to, and I'm not locked in to anything when I dont wish to be, so its highly 'governable'. Is that a word? It also can be traded at whatever tempo, rapid minute by minute stuff or the fundamental, long term trades.
I dont profess to be an expert economist, not even close. I manage to get through most issues of 'The Economist' and the FT, so have a reasonable laypersons grasp on the theories behind Forex. Does anyone know much/care to share what they know about it? I'd be happy to discuss what I know in return, and equally does anyone think its a bloody stupid idea full stop. Does anyone know any good books on the subject also, or websites/forums?
If im honest, I've no idea about what can be made with x amount of cash, whereas with property (a plan for a few years time) it much easier to indicate. Any experiences this side of things would be well recieved too.
I plan an initial outlay of 10k, obviously its not all going to go on one trade, but thats what I've got as a base, and its what I wish to use as an indication of what can be achieved without bankrupting myself. The possibilities to re-invest or pull out alltogether and revert to cozy homelife and cutting the grass every other hour (yes, I have that much time on my hands!) will rest on what happens!!
I know its a little 'out there', but any advice and tips would be greatly appreciated!
Blue Skies..
I agree that searching for that get rich quick fix is a mugs game in over 99% of cases. I am also a believer in charity, do unto others etc. and I do my bit for the cause. That said, I'm merely pointing out that I could be better spending my time at home (and away) doing something more productive than moping around the house. This seems like an interesting challenge.
Many thanks John, Oanda is a site I've been looking at.
My reason for not investing in property just yet is because where I live, property prices are set to lull a little, even drop a shade. I wouldn't make a substantial loss I'm sure but I'd make that little extra in delaying slightly.
My reason for not investing in property just yet is because where I live, property prices are set to lull a little, even drop a shade. I wouldn't make a substantial loss I'm sure but I'd make that little extra in delaying slightly.
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