Current Affairs Stocks and shares and stuff

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Paulie said:
How come if you don't mind me asking?
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It is not as easy as made out by youtube videos/influencers. Often these people just get you to trade using their referral link so they make money wether you win or lose.

There are hundreds of indicators out there that show you market trends, but even with the best analysis you can never really predict market/human behaviour.

It is a zero sum game, meaning not everyone can win, there will always be losers. Not just that but everytime you 'win' someone on the other side is losing. You will spend all your time looking at screens, getting stressed out and it will be bad for your health and relationships.

The list goes on really...
 
DuuuncanHadaPigeon said:
It is not as easy as made out by youtube videos/influencers. Often these people just get you to trade using their referral link so they make money wether you win or lose.

There are hundreds of indicators out there that show you market trends, but even with the best analysis you can never really predict market/human behaviour.

It is a zero sum game, meaning not everyone can win, there will always be losers. Not just that but everytime you 'win' someone on the other side is losing. You will spend all your time looking at screens, getting stressed out and it will be bad for your health and relationships.

The list goes on really...
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Yeah I notice they get the free share when someone used their link. Alarm bell right there.

What about not buying and selling shares but buying ones who pay dividends. Is that not worthwhile?

Thanks.
 
Paulie said:
Yeah I notice they get the free share when someone used their link. Alarm bell right there.

What about not buying and selling shares but buying ones who pay dividends. Is that not worthwhile?

Thanks.
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Ye the worst part is they also promote leverage trading too, absolute scum.

Yes buying shares in a company with a long term plan in mind is a million times better than short term trading.
 
DuuuncanHadaPigeon said:
Ye the worst part is they also promote leverage trading too, absolute scum.

Yes buying shares in a company with a long term plan in mind is a million times better than short term trading.
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Some people have zero morals when it comes to money unfortunately.

Yeah I may look at ones with dividends then.

I take it constantly buying on a dip and selling on a high is not a good plan then?

I really need to do some research. I'm not exactly investing hundreds or thousands but would like to see what's about and maybe invest more.
 
Paulie said:
Some people have zero morals when it comes to money unfortunately.

Yeah I may look at ones with dividends then.

I take it constantly buying on a dip and selling on a high is not a good plan then?

I really need to do some research. I'm not exactly investing hundreds or thousands but would like to see what's about and maybe invest more.
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Its a good plan in theory but much harder to execute than you would imagine, otherwise everyone would be doing it. What happens when the dip keeps dipping...
 
Paulie said:
Anywhere I can read up on these?

Ta.
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From the information that @Bruce Wayne has linked, one of the standout bits of advice is that you can set these up as an ISA so you don't pay any tax on your interest.

Depending on your circumstances, using salary sacrifice to make additional pension contributions might be a good way to save. You basically get a 20% return if you are a basic rate taxpayer. You might have to pay tax when you draw your pension depending on how much you have. If you already have a sizeable pension it might not be worth it.
 
toffee82 said:
From the information that @Bruce Wayne has linked, one of the standout bits of advice is that you can set these up as an ISA so you don't pay any tax on your interest.

Depending on your circumstances, using salary sacrifice to make additional pension contributions might be a good way to save. You basically get a 20% return if you are a basic rate taxpayer. You might have to pay tax when you draw your pension depending on how much you have. If you already have a sizeable pension it might not be worth it.
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Salary Sacrifice is a good idea. Most employers like it as well, but, and its an important but, it does reduce the salary you would use to qualify for mortgages and the like. Also, death in service benefits would reduce as well.
 
Paulie said:
Some people have zero morals when it comes to money unfortunately.

Yeah I may look at ones with dividends then.

I take it constantly buying on a dip and selling on a high is not a good plan then?

I really need to do some research. I'm not exactly investing hundreds or thousands but would like to see what's about and maybe invest more.
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Extremely difficult and more down to luck.

Index funds can be "self cleansing". Take an S&P 500 index fund. You are essentially buying a spread of shares from the top 500 companies in the US. A struggling company drops out and your fund will drop the shares to pick up the replacement. As long as the entire market goes up then it does not matter that one of the companies did particularly badly.

I think that the main thing that might put people off is that these are not get rich quick. If you invested £100k, you will have had a very good year to make £10k interest.
 
toffee82 said:
Extremely difficult and more down to luck.

Index funds can be "self cleansing". Take an S&P 500 index fund. You are essentially buying a spread of shares from the top 500 companies in the US. A struggling company drops out and your fund will drop the shares to pick up the replacement. As long as the entire market goes up then it does not matter that one of the companies did particularly badly.

I think that the main thing that might put people off is that these are not get rich quick. If you invested £100k, you will have had a very good year to make £10k interest.
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This past year even the Vanguard tracker has done fantastically as the big tech firms have been gangbusters.
 
DuuuncanHadaPigeon said:
I don't encourage anyone to trade. I am encouraging people to buy and stake HEX, which is just a savings account on the blockchain. Are you saying that if HEX fails, which is a huge if, then it would collapse the crypto market?
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The person behind the HEX project is a scam artist with a violent history and the project is nothing but a giant ponzi scheme. It will of course shake people's confidence in cryptocurrency when it goes tits up. You also need to outline the risks of staking if you are going to encourage people to do it.
 
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hex will pump then dump,rinse and repeat,
just like all the other penny stock casino crypto sh!tcoins!
the only good thing i can say is that for the first time there is tribalism around finance and money,
gets everyone talking about it,
people shilling doge,hex and all the other rubbish,it all gets converted to bitcoin in the end.
 
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