stocks

[bear puncher]

right , i want to make a quick bit of money ( who doesnt) anyways is there an easy way to get into stockmarkets and what is the minimum amount you can buy? cheers

[tuffer]

Send me a cheque for £2m and I will sort you out.

[anonymous-user]

Probably not worth getting into unless you know a bit...

The stock market is the same as gambling. You should only put money on the stock market that you can afford to lose.

Anyway, you can get a share trading account with your bank, and they will handle all the trades for you, you just have to tell them what you want to buy. Or alternatively, you can bet on the stock market fluctuations (spread betting) but this can result in huge losses if you get it wrong because your risk is unltd.

www.finspreads.com - betting

www.lloydstsb.com - for share trading for example

[bear puncher]

tuffer said:

Send me a cheque for £2m and I will sort you out.

i could do, i probably wouldnit be investing in stocks if i had 2million though.

[bear puncher]

nickg_44 said:

Probably not worth getting into unless you know a bit...

The stock market is the same as gambling. You should only put money on the stock market that you can afford to lose.

Anyway, you can get a share trading account with your bank, and they will handle all the trades for you, you just have to tell them what you want to buy. Or alternatively, you can bet on the stock market fluctuations (spread betting) but this can result in huge losses if you get it wrong because your risk is unltd.

www.finspreads.com - betting

www.lloydstsb.com - for share trading for example

thank you, will give these a look into

[anonymous-user]

How much have you got to invest?

Usually, its not worth investing less than £1000 because of the fees involved.

[bear puncher]

nickg_44 said:

How much have you got to invest?

Usually, its not worth investing less than £1000 because of the fees involved.

well id be doing it joint with a few friends between us maybe 2kish , heard barrat stocks would be good at the momeny as they will rise in future? likely?

[spikeyhead]

bear puncher said:

nickg_44 said:

How much have you got to invest?

Usually, its not worth investing less than £1000 because of the fees involved.

well id be doing it joint with a few friends between us maybe 2kish , heard barrat stocks would be good at the momeny as they will rise in future? likely?

Can you afford to lose the money? and I mean all the money?

There's a reason that housing stocks are cheap at the moment, one of the three big housing companies, in my opinion, won't exist by next spring.

[anonymous-user]

Its hard to say.

Just advising to be careful. Well worth getting into spread betting at £2k level.

e.g. you can bet on stock market point fluctuations. So, today, if you put on £10 per point up, then you would have made £4300.

[anonymous-user]

equally, you could have lost £4300.

[J_S_G]

bear puncher said:

right , i want to make a quick bit of money ( who doesnt) anyways is there an easy way to get into stockmarkets and what is the minimum amount you can buy? cheers

Wrong day to be asking that question. Now, if you'd asked 24 hours ago.

In fact, really, wrong YEAR to be asking that question as a starter! Especially if you're not going to be able to short-sell on a falling market.

There's a very easy way to get into it. If you want to go direct for equities, you can start researching companies at a hundred places. Try www.bloomberg.com for starters. Have a read of this: http://www.moneyextra.com/guides/online-share-deal... Then Google somewhere that does cheap online share trading.

If you want to do something a BIT less risky and invest in funds, then you can start researching them here: http://www.fidelity.co.uk/direct/research/fundsupe... as a simple place to being.

Suggest finding yourself a nice financial dictionary to explain all the terms. And a good introduction to it all full stop. Fidelity are a good place for investing in funds through the FundsSupermarket thingy.

Moneywise, you can start with a few quid in equities, or a few hundred in funds (usually). Not really worth it given trading costs unless you've got a bit to go at, though.

Oh, and once you've tried it, realised it's like playing poker without knowing the rules, and lost all your money... Take a step back, spend a LOT of time researching what's going on in the world - what companies you're interested in are up to, what peoples' sentiment towards that is now, what opportunities there are, and what peoples' reactions are likely to be to things that may/may not happen to them. Then figure out what's most likely to happen/what looks underpriced/whatever approach you adopt, and lose some more money. Eventually, you'll might start losing less.

Seriously, whilst now is a good time to see what drives people and the markets... it's not necessarily a good time to start throwing money at the markets!

Cheers,

-JS

[J_S_G]

nickg_44 said:

Its hard to say.

Just advising to be careful. Well worth getting into spread betting at £2k level.

e.g. you can bet on stock market point fluctuations. So, today, if you put on £10 per point up, then you would have made £4300.

Yes, let's use that one as an example. So if we use simple logic of "the market has been dropping because of all of this banking lark this week, I'll have some of that action... and I'll put £10 on per point down today - I'll make a killing"...

... You'd have lost THOUSANDS in a day.

I'd leave spread betting well alone until the basics have been understood; great opportunity for massive gains OR bankruptcy...

(Edited to add: I'm agreeing with you, Nick )

Edited by J_S_G on Friday 19th September 21:11

[bear puncher]

thanks for all the advice, its been playing on my mind a while , i want monies. but seriously thanks , will be reading up on it tonight

[anonymous-user]

:-) good luck

[J_S_G]

bear puncher said:

thanks for all the advice, its been playing on my mind a while , i want monies. but seriously thanks , will be reading up on it tonight

We're in a recession. Forget it for a couple of years unless you've got a gift for it/balls of steel... it's like trying to swim against a river rather than with one at the moment.

My advice: offset your mortgage with savings for the rest of the year until some normality returns to the market and you can see how heavily we're heading downhill/back up. Or, if you want a *bit* of a gamble without risking your money, and to see if you're a lucky person when it comes to money, you could always try premium bonds (www.nsandi.com). Lousy average interest rate if you don't win one of the £1m prizes, though.

For what it's worth: I've been averaging 25-30% per annum return on the markets for the last 7-8 years. As of right now, I've cashed in a *lot* of it to offset the mortgage rather than risk it in the current turmoil. Guess my balls just aren't big enough for this game at the moment.

[Boris.]

I will give you form advice from just reading your first post. DON'T

[bear puncher]

J_S_G said:

bear puncher said:

thanks for all the advice, its been playing on my mind a while , i want monies. but seriously thanks , will be reading up on it tonight

We're in a recession. Forget it for a couple of years unless you've got a gift for it/balls of steel... it's like trying to swim against a river rather than with one at the moment.

My advice: offset your mortgage with savings for the rest of the year until some normality returns to the market and you can see how heavily we're heading downhill/back up. Or, if you want a *bit* of a gamble without risking your money, and to see if you're a lucky person when it comes to money, you could always try premium bonds (www.nsandi.com). Lousy average interest rate if you don't win one of the £1m prizes, though.

For what it's worth: I've been averaging 25-30% per annum return on the markets for the last 7-8 years. As of right now, I've cashed in a *lot* of it to offset the mortgage rather than risk it in the current turmoil. Guess my balls just aren't big enough for this game at the moment.

mortage? i pay 200 a month to stay at home, im 18

[J_S_G]

bear puncher said:

J_S_G said:

bear puncher said:

thanks for all the advice, its been playing on my mind a while , i want monies. but seriously thanks , will be reading up on it tonight

We're in a recession. Forget it for a couple of years unless you've got a gift for it/balls of steel... it's like trying to swim against a river rather than with one at the moment.

My advice: offset your mortgage with savings for the rest of the year until some normality returns to the market and you can see how heavily we're heading downhill/back up. Or, if you want a *bit* of a gamble without risking your money, and to see if you're a lucky person when it comes to money, you could always try premium bonds (www.nsandi.com). Lousy average interest rate if you don't win one of the £1m prizes, though.

For what it's worth: I've been averaging 25-30% per annum return on the markets for the last 7-8 years. As of right now, I've cashed in a *lot* of it to offset the mortgage rather than risk it in the current turmoil. Guess my balls just aren't big enough for this game at the moment.

mortage? i pay 200 a month to stay at home, im 18

Then just invest *consistently* rather than looking for a quick win. If you can put away £250 a month till you're 40 (feels like a long time, I know, but trust me - you'll be halfway there before you realise)... at 12% return per annum (the top funds have historically averaged weeeeeeellllll over this over years - with ups and downs along the way), you'll have over £300k in the bank by then:

2008 £3,000.00
2009 £6,360.00
2010 £10,123.20
2011 £14,337.98
2012 £19,058.54
2013 £24,345.57
2014 £30,267.04
2015 £36,899.08
2016 £44,326.97
2017 £52,646.21
2018 £61,963.75
2019 £72,399.40
2020 £84,087.33
2021 £97,177.81
2022 £111,839.14
2023 £128,259.84
2024 £146,651.02
2025 £167,249.14
2026 £190,319.04
2027 £216,157.33
2028 £245,096.21
2029 £277,507.75
2030 £313,808.68

(Admittedly, inflation'll devalue that).

Assume that you can increase the investment to £500 a month by the age of 25 (or the equivalent at that time, inflation adjusted), and £1k a month at 30... and that you pick REALLY GOOD funds, averaging 20% PA return... that'd then look something like:

2010 £10,920.00
2015 £52,497.25
2020 £181,279.57
2025 £540,380.77
2030 £1,433,939.49

It doesn't always take a bit of a "quick win" to really make money here... for us mere mortals that don't work in Canary Wharf (ok, I do, but still!), patience and consistent investing is probably a better option...

[bear puncher]

J_S_G said:

bear puncher said:

J_S_G said:

bear puncher said:

thanks for all the advice, its been playing on my mind a while , i want monies. but seriously thanks , will be reading up on it tonight

We're in a recession. Forget it for a couple of years unless you've got a gift for it/balls of steel... it's like trying to swim against a river rather than with one at the moment.

My advice: offset your mortgage with savings for the rest of the year until some normality returns to the market and you can see how heavily we're heading downhill/back up. Or, if you want a *bit* of a gamble without risking your money, and to see if you're a lucky person when it comes to money, you could always try premium bonds (www.nsandi.com). Lousy average interest rate if you don't win one of the £1m prizes, though.

For what it's worth: I've been averaging 25-30% per annum return on the markets for the last 7-8 years. As of right now, I've cashed in a *lot* of it to offset the mortgage rather than risk it in the current turmoil. Guess my balls just aren't big enough for this game at the moment.

mortage? i pay 200 a month to stay at home, im 18

Then just invest *consistently* rather than looking for a quick win. If you can put away £250 a month till you're 40 (feels like a long time, I know, but trust me - you'll be halfway there before you realise)... at 12% return per annum (the top funds have historically averaged weeeeeeellllll over this over years - with ups and downs along the way), you'll have over £300k in the bank by then:

2008 £3,000.00
2009 £6,360.00
2010 £10,123.20
2011 £14,337.98
2012 £19,058.54
2013 £24,345.57
2014 £30,267.04
2015 £36,899.08
2016 £44,326.97
2017 £52,646.21
2018 £61,963.75
2019 £72,399.40
2020 £84,087.33
2021 £97,177.81
2022 £111,839.14
2023 £128,259.84
2024 £146,651.02
2025 £167,249.14
2026 £190,319.04
2027 £216,157.33
2028 £245,096.21
2029 £277,507.75
2030 £313,808.68

(Admittedly, inflation'll devalue that).

Assume that you can increase the investment to £500 a month by the age of 25 (or the equivalent at that time, inflation adjusted), and £1k a month at 30... and that you pick REALLY GOOD funds, averaging 20% PA return... that'd then look something like:

2010 £10,920.00
2015 £52,497.25
2020 £181,279.57
2025 £540,380.77
2030 £1,433,939.49

It doesn't always take a bit of a "quick win" to really make money here... for us mere mortals that don't work in Canary Wharf (ok, I do, but still!), patience and consistent investing is probably a better option...

you seem to know what youre talking about, what we h ad planned was buy up whatever barrats shares we could then just wait a few years for it to rise again..hopefully

[eldar]

bear puncher said:

right , i want to make a quick bit of money ( who doesnt) anyways is there an easy way to get into stockmarkets and what is the minimum amount you can buy? cheers

Stick 95% of the cash you have to invest in a high interest account. Buy lottery tickets with the other 5%.

Its unlikey you'll win anything, but you'll only lose 5% of your money. You just might win, though....

To make money out of stocks you either need to think long term, or be lucky