Current Affairs Stocks and shares and stuff

[Bruce Wayne]

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.

Has there ever been anyone promoting cryptocurrencies that isn't the owner of a cryptocurrency?

 

[nikom court]

Has there ever been anyone promoting cryptocurrencies that isn't the owner of a cryptocurrency?

has there ever been anyone promoting anything that doesnt have vested interest?

 

[Bruce Wayne]

has there ever been anyone promoting anything that doesnt have vested interest?

I think people have said "buy shares" because historically it's a good thing, but it seems Bitcoin advocates are more akin to folks with Tesco shares urging everyone to buy Tesco shares.

 

[nikom court]

I think people have said "buy shares" because historically it's a good thing, but it seems Bitcoin advocates are more akin to folks with Tesco shares urging everyone to buy Tesco shares.

yeah i get your point except tesco shares are trash and bitcoin is the best performing asset of the decade and goes up average 200% a year!

 

[Paulie]

People who invest in an Index fund, do you do the dollar cost averaging method of investing?

 

[nikom court]

People who invest in an Index fund, do you do the dollar cost averaging method of investing?

if you want to go down this route,open a stocks and shares isa with someone like HL and every month after you have paid all your bills put some spare cash in.
L&G and vantage have the best low cost funds,IMHO.

 

[toffee82]

People who invest in an Index fund, do you do the dollar cost averaging method of investing?

Not really for my circumstances. Although I top it up each month with a proportion of my wages.

The s&p has had a good run the last couple of weeks so I'm not expecting that to continue but also not necessarily drop too much.

I think that index funds are a long game. The index will likely be significantly higher in 5+ years.

You could mix a portfolio to have a lower risk fund that will hopefully still grow a little. If there was a crash then it wouldn't be as badly affected and then you could switch to the more aggressive fund.

 

[Paulie]

if you want to go down this route,open a stocks and shares isa with someone like HL and every month after you have paid all your bills put some spare cash in.
L&G and vantage have the best low cost funds,IMHO.

Thanks. It won't be much like £50 and maybe upto a £100 a month but for a long time though. That worth it?

 

[Paulie]

Not really for my circumstances. Although I top it up each month with a proportion of my wages.

The s&p has had a good run the last couple of weeks so I'm not expecting that to continue but also not necessarily drop too much.

I think that index funds are a long game. The index will likely be significantly higher in 5+ years.

You could mix a portfolio to have a lower risk fund that will hopefully still grow a little. If there was a crash then it wouldn't be as badly affected and then you could switch to the more aggressive fund.

Thanks for your advice.

 

[toffee82]

Thanks. It won't be much like £50 and maybe upto a £100 a month but for a long time though. That worth it?

Sooner the better if you have a long time.
As @nikom court said, make sure its an ISA as there will be no tax on your interest.

 

[toffee82]

Sooner the better if you have a long time.
As @nikom court said, make sure its an ISA as there will be no tax on your interest.

Also, you can have more than one fund in your ISA. It can be a mix of funds (varying the risk).
e.g. Ftse index, s&p index and funds where it is not all in stocks and shares.

 

[Paulie]

Also, you can have more than one fund in your ISA. It can be a mix of funds (varying the risk).
e.g. Ftse index, s&p index and funds where it is not all in stocks and shares.

Yeah was having a little look at my plum account. They do ISAs and showed the varying risks. I'll do some research and start as of next month.

Nice one.

 

[Yarrgh]

Thanks. It won't be much like £50 and maybe upto a £100 a month but for a long time though. That worth it?

It's £50 more than if you don't. Regular small savings and investments add up over time.

 

[Paulie]

It's £50 more than if you don't. Regular small savings and investments add up over time.

Very true. I'll end up upping it once I've paid a few things off.

 

[Mrk]

People who invest in an Index fund, do you do the dollar cost averaging method of investing?

Yes mate - great way to avoid market volatility and has been shown to outperform people who try and time the market by making big bets sporadically.