Stocks and Shares

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bellis_efc

bellis_efc

Player Valuation: £500k
Ok....My mate wants to invest £1000 on the stock market and wants me to go halves (£500 each) I have politely declined and I have advised him against this...as we both know literally nothing about it...unless you count watching The Wolf Of Wall Street!

I have always been interested in it and love reading stories of people buying the stocks early and selling for mega money, now obviously this is extremely rare and guessing 90% lose/ don't gain many profits from doing this.

So, my question is, has anyone on here had experience of buying stocks and shares? Any success/failure stories? Tips?

P.S I don't want shares in Sawdust. Cheers.
 

bellis_efc said:
Ok....My mate wants to invest £1000 on the stock market and wants me to go halves (£500 each) I have politely declined and I have advised him against this...as we both know literally nothing about it...unless you count watching The Wolf Of Wall Street!

I have always been interested in it and love reading stories of people buying the stocks early and selling for mega money, now obviously this is extremely rare and guessing 90% lose/ don't gain many profits from doing this.

So, my question is, has anyone on here had experience of buying stocks and shares? Any success/failure stories? Tips?

P.S I don't want shares in Sawdust. Cheers.
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Done okay with Spanish banks, at .36c a share Sabadell is worth a look. They were going to merge with BBVA but it didn't go through,but if they manage it with Santader there might be a win. In saying that in times of Covid it's not a good time to take the plunge.
 

bellis_efc said:
Ok....My mate wants to invest £1000 on the stock market and wants me to go halves (£500 each) I have politely declined and I have advised him against this...as we both know literally nothing about it...unless you count watching The Wolf Of Wall Street!

I have always been interested in it and love reading stories of people buying the stocks early and selling for mega money, now obviously this is extremely rare and guessing 90% lose/ don't gain many profits from doing this.

So, my question is, has anyone on here had experience of buying stocks and shares? Any success/failure stories? Tips?

P.S I don't want shares in Sawdust. Cheers.
Click to expand...

Normal people make modest returns by investing in index funds over long periods of time. A very small number of people make an extremely large amount of money when they have an extremely large amount of information (not just insider trading, but that fits as well). You are unlikely to make a large amount of money unless you are an expert in a field and can accurately predict growth and trends (and invest accordingly!) Sometimes you can earn greater than modest amounts on your investments if the timing is right. For example, the Mrs Nigh and I sold a house last year in March and invested a large portion of the proceeds when the markets were depressed. We have earned a larger than usual return on these investments in the past 10 months than is typical, due to unusual market activity over the past 10 months.

Get separate brokerage accounts (not sure what is available in the UK, but most accounts in the US are free and trades are increasingly free as well) and both of you invest £500 in your own picks. Let your pal pick random stocks and you pick broad indexes (I would not suggest any FTSE indexes at the moment, but take all investing advice with a grain of salt) and check in on the progress once a month at the pub.
 
bellis_efc said:
Ok....My mate wants to invest £1000 on the stock market and wants me to go halves (£500 each) I have politely declined and I have advised him against this...as we both know literally nothing about it...unless you count watching The Wolf Of Wall Street!

I have always been interested in it and love reading stories of people buying the stocks early and selling for mega money, now obviously this is extremely rare and guessing 90% lose/ don't gain many profits from doing this.

So, my question is, has anyone on here had experience of buying stocks and shares? Any success/failure stories? Tips?

P.S I don't want shares in Sawdust.
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I have been for a couple of years now not doing to badly to be honest, the second lockdown hit me hard but they have recovered now and we’ll in the green.

Another thing to look into if you half contemplating investing/trading is compound interest, just google a video of it. That’s more long term (think of it as your pension over 30 years)but by placing consistent small payments a month, say off £100 or whatever you can spare, on the S&P 500 (which on averages rises by 8% a year compare that to the terrible interest rates you get from the bank). Your money grows massively the later on you get into it, like I said it is very prolonged but is well worth it.
 
SerenityNigh said:
Normal people make modest returns by investing in index funds over long periods of time. A very small number of people make an extremely large amount of money when they have an extremely large amount of information (not just insider trading, but that fits as well). You are unlikely to make a large amount of money unless you are an expert in a field and can accurately predict growth and trends (and invest accordingly!) Sometimes you can earn greater than modest amounts on your investments if the timing is right. For example, the Mrs Nigh and I sold a house last year in March and invested a large portion of the proceeds when the markets were depressed. We have earned a larger than usual return on these investments in the past 10 months than is typical, due to unusual market activity over the past 10 months.

Get separate brokerage accounts (not sure what is available in the UK, but most accounts in the US are free and trades are increasingly free as well) and both of you invest £500 in your own picks. Let your pal pick random stocks and you pick broad indexes (I would not suggest any FTSE indexes at the moment, but take all investing advice with a grain of salt) and check in on the progress once a month at the pub.
Click to expand...
Not sure that's the case at the moment. Last year, for instance, the NASDAQ rose 40%, and while it's far from clear that those kinds of returns will be sustained, it's also far from a modest return. Even if you go back over the last 10 years, the NASDAQ has gone up 17% a year on average, which is a heck of a lot better than you'd get in any bank account at the moment.

I would definitely go down the index route, however, rather than investing in individual shares, which is a mugs game. I'd also make sure you put any investments into a stocks and shares ISA so that you don't get hit with capital gains tax on any profits you make.
 

Put you 500 on black. if you win well done walk away.if you lose.at least it was over quickly.you wont make a great deal of money quickly on 500 quid.its a gamble and only gamblw what you can afford.thats my best advice.or bitcoin.but probs too late on that
 

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