I wish I understood this stuff. Can I just buy a share and make money in the next 24H? Haha
First, you need a time machine.
And a ton of money.
[This is not financial advice, just my philosophy when it came to setting mine up last year]
Otherwise, you can open an ISA via the Trading 212 app (other apps exist, T212 is either great because it doesn’t charge a fee, or sketchy as heck because it doesn’t charge a fee) and start trading. The general rule is you can’t outplay the market, the big banks have floors of people crunching the numbers to figure out which shares are worth buying and which to sell. You can’t expect to routinely beet that on a hunch and a google. For everyone that’s made a fortune on one share, there’s probably an almost equal loss somewhere keeping quiet (someone sold them that share after all, that’s how it works). You can stick the money in ETF’s which are big funds that buy lots of shares in everything (e.g. there are FTSE 100 ETF’s, S&P500 ETF’s etc) which are more predictable and might get you 8-12% growth each year, or they might crash, but then they might recover. In 20 years there will hopefully be more good years than bad and I can think about retiring. There’s also more specific ETF’s in things like mining, utilities, energy, etc if you want to bet on mining for example but want something easier than trying to figure out which specific mining companies stocks to buy.
[/This is not financial advice, just my philosophy when it came to setting mine up last year]
@martinhutch
To the moon, @thisisnotaspoon
I’m already down 5%
🤚💩✋
