Buying shares help

[Diogenes the Cynic]

i wouldnt buy anything until you know what you are doing,forget about day trading,youll lose all your money!
learn about the stock market,what it does and long term investing,theres plenty of info out there,books and youtube,most of it free!
open a stocks and shares isa when you are ready and keep your shares in there.
lastly and most important dont take any advice from the forum know it alls on here,because they know jack!

@Jack

Wouldn't stand for that mate.

 

[AndyC]

Of course there are bigger priorities at this time however with a lot of spare time currently at hand. It seems a lot of share prices have dropped as a result of covid 19 and it could be a time to invest in some of these as there is potential they could (in time) revert back to the heights of early this year.

I'ts all new to me however and It would be helpful for some advise of how to buy these shares and whether using a broker could be the way to go. Do these charge a commission?

Is buying shares as simple as for example....
Let's say john Lewis has dropped to half the price it was before the pandemic. If I buy now at potentially half the price it was earlier this year and then wait until it hopefully reaches that price again. I sell and make a huge profit?

What are the risks and what commission/fees are paid in the process of doing this. Cheers

Use a broker or better still a wealth management company like Aberdeen Assets, Hargreaves Lansdowne or St.James' Place - they all charge fees, but they'll give you better guidance after weighing up your circumstances and risk attitude.
Simplest advise is... don't invest more than you afford to lose if your investments go pear-shaped.

 

[toffee82]

Maybe think about an index fund. Fees are generally the lowest and it’s already diversified. Investing in only one company can be quite risky.

I was going to say this.

I have an index fund with Vanguard (low fees) with 80% in shares. It is a wide range of shares from many countries. You can set these up as an ISA.

Markets are low and should recover. They are jumping all over the place at the moment.

FTSE has actually gone up about 15% in the last three days but are still over 20% down on where they were. Long term they should recover but we might lose some companies on the way.

 

[orly]

@Bruce Wayne invested all his in a Lamborghini Gallardo and it ended up costing him his moderation position

 

[peteblue]

Of course there are bigger priorities at this time however with a lot of spare time currently at hand. It seems a lot of share prices have dropped as a result of covid 19 and it could be a time to invest in some of these as there is potential they could (in time) revert back to the heights of early this year.

I'ts all new to me however and It would be helpful for some advise of how to buy these shares and whether using a broker could be the way to go. Do these charge a commission?

Is buying shares as simple as for example....
Let's say john Lewis has dropped to half the price it was before the pandemic. If I buy now at potentially half the price it was earlier this year and then wait until it hopefully reaches that price again. I sell and make a huge profit?

What are the risks and what commission/fees are paid in the process of doing this. Cheers

I can sell you some shares in GOT if you wish, they’ve dropped by 75% but with a good membership base and shows great promise for a quick rebound. Currently trading at £1,25, I’ll let you have a 1,000 with no commission or fees, and you get a free mug to enjoy your coffee as you watch them rise quickly back to £5 or even £6 by June....but keep this quiet or they’ll all want some......

 

[PITA]

i wouldnt buy anything until you know what you are doing,forget about day trading,youll lose all your money!
learn about the stock market,what it does and long term investing,theres plenty of info out there,books and youtube,most of it free!
open a stocks and shares isa when you are ready and keep your shares in there.
lastly and most important dont take any advice from the forum know it alls on here,because they know jack!

I'm a CFA Charterholder and finance trainer. I agree.

 

[orly]

I can sell you some shares in GOT if you wish, they’ve dropped by 75% but with a good membership base and shows great promise for a quick rebound. Currently trading at £1,25, I’ll let you have a 1,000 with no commission or fees, and you get a free mug to enjoy your coffee as you watch them rise quickly back to £5 or even £6 by June....but keep this quiet or they’ll all want some......

Ah, I think @Archie Knox said he was interested in helping the site out financially

 

[PITA]

Ah, I think @Archie Knox said he was interested in helping the site out financially

You're like a dog with a bone.

 

[Catfish Blues]

Of course there are bigger priorities at this time however with a lot of spare time currently at hand. It seems a lot of share prices have dropped as a result of covid 19 and it could be a time to invest in some of these as there is potential they could (in time) revert back to the heights of early this year.

I'ts all new to me however and It would be helpful for some advise of how to buy these shares and whether using a broker could be the way to go. Do these charge a commission?

Is buying shares as simple as for example....
Let's say john Lewis has dropped to half the price it was before the pandemic. If I buy now at potentially half the price it was earlier this year and then wait until it hopefully reaches that price again. I sell and make a huge profit?

What are the risks and what commission/fees are paid in the process of doing this. Cheers

@wm02 has pretty much nailed it ( see below ) The vast majority of people who buy shares underperform the market. It's generally best just to let the market do the work.

Before even thinking about it, you should really :-

• Pay off any loans first ( unless they're all but interest fee )
• Think about overpaying on your mortgage ( if you have one )
• Build up a rainy day fund ( six months net income or something like that )

If you've got those sorted, drip feed the money ( probably monthly ? ) you're thinking of investing into a tracker

Also, to state the obvious, bear in mind markets can, and do, fall. If seeing a 25% drop in your savings ( which is pretty much what I'm sat on ) would give you sleepless nights, then it might not be for you.

Maybe think about an index fund. Fees are generally the lowest and it’s already diversified. Investing in only one company can be quite risky.

 

[Baines' left foot]

Always salt your pasta while boiling.

Little bit of olive oil stops it all sticking together too.

 

[roydo]

You're like a dog with a bone.

Dogs with a bone can occasionally be interesting. And original.

 

[Bruce Wayne]

@Bruce Wayne invested all his in a Lamborghini Gallardo and it ended up costing him his moderation position

True story. All he does is mope around talking about how he could have managed Everton.

 

[evilwebby]

Use a broker or better still a wealth management company like Aberdeen Assets, Hargreaves Lansdowne or St.James' Place - they all charge fees, but they'll give you better guidance after weighing up your circumstances and risk attitude.
Simplest advise is... don't invest more than you afford to lose if your investments go pear-shaped.

And 90% of them can't beat a simple tracker fund over 5 years.

 

[COYBL25]

@Bruce Wayne invested all his in a Lamborghini Gallardo and it ended up costing him his moderation position

We all laughed at @Joey66 for forcing his missus to scour rubbish dumps and car boot sales for Dyson parts.

We’re not laughing now are we.

 

[-Rob-]

I've been buying and selling shares for over 20 years. Luckily I've generally made a good long term profit from it but there are always losses along the way.

If you are going to buy shares my advice would be to get a Hargreaves Lansdown Funds & Share Account. I think it costs £11.95 per transaction and it lets you hold all your shares in one place with no need for any certificates. Buying and selling can be done instantly.

My advice would be to stick to large, well established companies that are unlikely to go bust because of the current economic crisis. Stick to FTSE listed companies. Avoid AIM listed companies like the plague as you'll more than likely lose your money quicker than you can afford to. I've picked out many an AIM share on my fantasy shares 'game' and have rarely picked any long term winners. I'd certainly never risk my real money there.

Good luck and don't forget us when you're rich.