Hello newby to the site needing some share advice

[richwebb26]

Hey

I have finally got round to joining the site what a good site it is. Any how to my quiston hopefully someone can answer lol . I have started up my share portfolio and these are the companys which i have invested into so far

Tesco
3 i
llyods
Rockhopper
acs
BP

I read the timesonline from time to time to get some hints from the guys in the know, but what do you guys think i should invest into next in the shares what companys do you recommend. I have allready got ISA and also premium bonds and the intrest is pretty bad.

thanks
rich

[driverrob]

Santander's pretty solid with good returns and a price which, though below its peak (name one that's not), is holding well and likely to rise again, I'd say.

[richwebb26]

thanks i shall keep a eye on them got to wait untill i get paid at the end off the week lol. Should i start looking into gas shares etc just have a broder share portfilo

[Jackleman]

I subscribe to Money Week magazine which is full of good advice and gives a good overview on the economy and investments. They predicted the recession 100% all the way so far and I have done well from some of the tips in it.

Once thing I would say is make sure your portfolio is balanced so for example, you might like to hold some oil stocks but it would be a good idea to hold some green energy stocks to balance it out.

I would also read up on "Portfolio Theory" http://en.wikipedia.org/wiki/Modern_portfolio_theo...

Cheers

The Jackle Man

[richwebb26]

Thanks jackelman

I am a complete novice to all off this hoping to make some sort off profit lol. I did have bt shares but sold them thinking they arn't doing to well then the share price went up. learn by your mistakes lol. Is buying gold a good investmant ive been reading on other forums about the gold coins or the bars i know there quite exspensive but im thinking off a long term investmant. has any one had any amd got a good profit out off them.

[Jackleman]

In my view (please only use my posts as something to research fully first, I would hate to be responsible for another sub-prime crisis!).

I would spend some time researching every share thoroughly first, understand the market. I would look at penny shares to start with, slightly riskier but the upside is greater and you can generally always study the sector each business is in a bit easier.

As for gold, at the moment I still think it is worth a punt, perhaps look at gold sovereign coins as I believe they are exempt from tax if you make a profit! and are not too expensive to buy in to.

[richwebb26]

Yeh i was looking at the gold coins but i don't want to put my money into something i don't know anything about, i shall read up on it a bit more untill i make a decision. I have started to do a spread sheet so i can work out how the shares are doing over say a month keeping a track off them. But ive been reading now is the time to buy the shares with the economy being so sh*t at the moment lol. Thanks for your advice jackelman, Anybody else got any other companys that they can recomend for me to have a look at. thanks

Edited by richwebb26 on Monday 28th June 20:36

[Jackleman]

You could always set-up a test portfolio in Google finance to test your investments out before you buy.