Considering dabbling with about 500 quid. A mate of mine does it and has overall made more money than
The banks would have given him but importantly gets loads of enjoyment out of trading
Bike Forum
anyyone play the markets
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Posted 2 years ago #
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Posted 2 years ago # -
I used to buy the odd share here & there. Did well on some things & not so well on others. Overall made a decent profit. Bought my Nikon D80 + 2 lenses etc. with the profit from one particular share with an initial £500 purchase.
With the commission u pay I reckon £500 is the min u need to speed on one share to make decent gains.Buy a book, something like The Naked Trader by Robbie Burns ( I think) and get yourself a portfolio set-up online & pick shares & track them for a while ; see how u do.
Don'follow advice in the shares forums or you will end up losing money - lots of people ramping shares etc.Posted 2 years ago # -
I do a bit. If I were you and just starting out then I'd get something like an iii ISA account and set up a monthly subscription to them for £50 or £100 quid or whatever. You then decide how you want to allocate that each month. You choose to buy your shares on, iirc, one of 3 dates in the month, they bundle everyone's purchases together so commission is low. £1.50 or so. I'd set up to put a third each month into a nice high divi paying oil stock BP or Shell (set up for autoreinvest of divi) , a third into something like Tesco and a third into a speculative stock. I like Arm holdings but valuation is getting a bit rich. This gives benefit of pound cost averaging and gives you some skin in the game so you can see if it's for you
Posted 2 years ago # -
Motley fool had a book that was worth reading plus this
http://www.fool.co.uk/Investing/guides/The-Best-Books-On-Investing.aspxPosted 2 years ago #
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