blue blood Posted 7 September 2010 Posted 7 September 2010 Do we have any PI's amongst us? After a sweet win in vegas i have decided to invest the winnings in the markets. A few weeks back i knew virtually nothing about shares or spread betting on financial markets. After learing about bulls and bears i must admit it is addictive stuff!! At the moment i hold in RRL, Petro, BP and MCRO. Lets talk shares....
Bellend Sebastian Posted 7 September 2010 Posted 7 September 2010 I'm qualified as a financial adviser (no, honestly I am - it's bonkers, it really is) and without wishing to piss on anybody's fire in too harsh a manner, I'd say all but the most experienced investors should be extremely wary of holding single shares in any quantity, unless you're only doing it for a bit of fun and it's money you can afford to lose (a bit like the attitude you should have down the bookies).
JoeyB Posted 7 September 2010 Posted 7 September 2010 i had shares in leicester, they went tits up, thats about my experience with shares!!!
Bellend Sebastian Posted 7 September 2010 Posted 7 September 2010 Oh yes, and never, ever be tempted to buy shares in a football club unless you actually want to own it outright, and even then think long and hard about it
Narborough_fox Posted 7 September 2010 Posted 7 September 2010 Got shares in Rangers, well got given them by my grand dad.
Babylon Posted 7 September 2010 Posted 7 September 2010 Had some spare cash during the market slumps and decided it was a good time to buy. Took a chance on a 8p share that went up to 30p and then got bought out by a bigger company whose shares are now worth £11. I got about 1 share in the larger company for every 20 shares I had in the smaller one. Needless to say I made a killing... shame I sold them at £6 each to buy a house which then fell through. If I still have them now and be laughing all the way to the bank. Also bought EGU for under a £1 and they are now £6.29. Got CSN for just over £1 and they are now £2.34. Bought Taylor Wimpey for 5p and sold at 50p. I had a bloody good run and decided to leave it to the experts.
Tommeh Posted 7 September 2010 Posted 7 September 2010 Really new to this share game but had a bit of spare cash knocking around my account so brought £1k of GKP the other day and £500 in Solo Oil. Expecting to keep them for a good year or so to get the right price.
Joe. Posted 7 September 2010 Posted 7 September 2010 A bit of spare cash?! What kind of student has £1.5k to spend on shares?! Give me some of your money Tom, you're clearly not worthy.
lcfc"weasel" Posted 7 September 2010 Posted 7 September 2010 Is it possible to buy shares aged 16 and if so, how do you do it?
Bellend Sebastian Posted 7 September 2010 Posted 7 September 2010 Is it possible to buy shares aged 16 and if so, how do you do it? I'm pretty sure you've got to be 18, I'm afraid. You could get an adult to buy some and then they can be transferred into your name when you reach 18, although this will count as a disposal for capital gains tax purposes. Look at me knowing what I'm talking about. Share purchases have to go through a stockbroker but in practice it's pretty easy as most major banks offer online share dealing facilities. This is usually cheaper than going to a dedicated stockbroker and actually talking to them
blue blood Posted 7 September 2010 Author Posted 7 September 2010 I'm qualified as a financial adviser (no, honestly I am - it's bonkers, it really is) and without wishing to piss on anybody's fire in too harsh a manner, I'd say all but the most experienced investors should be extremely wary of holding single shares in any quantity, unless you're only doing it for a bit of fun and it's money you can afford to lose (a bit like the attitude you should have down the bookies). Yep only play with spare cash, money you can afford to loose.
blue blood Posted 7 September 2010 Author Posted 7 September 2010 Had some spare cash during the market slumps and decided it was a good time to buy. Took a chance on a 8p share that went up to 30p and then got bought out by a bigger company whose shares are now worth £11. I got about 1 share in the larger company for every 20 shares I had in the smaller one. Needless to say I made a killing... shame I sold them at £6 each to buy a house which then fell through. If I still have them now and be laughing all the way to the bank. Also bought EGU for under a £1 and they are now £6.29. Got CSN for just over £1 and they are now £2.34. Bought Taylor Wimpey for 5p and sold at 50p. I had a bloody good run and decided to leave it to the experts. Babylon, you have done alright!! sounds like you were in during a good cycle. the penny shares are great fun, all news driven like. I am not confident holding penny shares in any great quantity unless it is on a trade. There are a few companies out there on AIM that can become real companies and investing in them is a good call. BP is what got me into shares. Bought in at 311 sold out at 420 and bought back in at 377. I was a bit trigger happy when buying shares then i decided to build a strategy including entry and exit points - much more controlled. it also incourages me to do proper research.
blue blood Posted 7 September 2010 Author Posted 7 September 2010 I'm pretty sure you've got to be 18, I'm afraid. You could get an adult to buy some and then they can be transferred into your name when you reach 18, although this will count as a disposal for capital gains tax purposes. Look at me knowing what I'm talking about. Share purchases have to go through a stockbroker but in practice it's pretty easy as most major banks offer online share dealing facilities. This is usually cheaper than going to a dedicated stockbroker and actually talking to them i guess you will be investing amounts that would be comparable to an average 16 year old. Get someone over 18 to open an online share dealing account - there are loads out there, have a look at charges and fees to see what is best for you. Make sure you only play with money you can afford to loose - esp at 16. I would say its worth opening a virtual account to practice with before you dive in.
blue blood Posted 7 September 2010 Author Posted 7 September 2010 Really new to this share game but had a bit of spare cash knocking around my account so brought £1k of GKP the other day and £500 in Solo Oil. Expecting to keep them for a good year or so to get the right price. I have GKP on my watchlist. Im watching CAZA too. Hopefully bongo will be bonkers if it is may see a little profit on that. Would like an entry point in the low 20s
Thracian Posted 7 September 2010 Posted 7 September 2010 Shares mentioned to me this morning as likely to show a return before Christrmas. Xcite Energy (XEL) Mariana Resources (MARL) Merchant House Group (MHG) RPS Group (RPS) I've no personal interest in any of them and cannot see that changing - I am simply the messenger. There's also been strident pushing of the prospects for gold. It has surged over the last two years as everyone knows and the insistence of the "pushing" makes me decidedly guarded. But I still wouldn't be without it, but then I do have an interest in saying that.
Tommeh Posted 7 September 2010 Posted 7 September 2010 A bit of spare cash?! What kind of student has £1.5k to spend on shares?! Give me some of your money Tom, you're clearly not worthy. Haha, I've had a fairly prosperous summer and really not spent a great deal holiday aside.
jonthefox Posted 7 September 2010 Posted 7 September 2010 what commission do banks charge for buying and selling shares?
Alexikokopops Posted 7 September 2010 Posted 7 September 2010 The closest I've come is through the share save scheme with work. I'll have just over £3600 to buy the shares at the end of it for the price set last year (about £5.70). They're currently worth £13.89, so fingers crossed things don't go tits up. To be fair though, if the share price does plummet I can just take the £3600 anyway.
DJ Barry Hammond Posted 7 September 2010 Posted 7 September 2010 what commission do banks charge for buying and selling shares? dito, what are the comparable charges, likely minimum purchase? 1p shares interested me as well, but not sure where i would start - any advice on portfolio's would be good. Oh and to our financial advisor friend - to prove it, what is a EFRB or FURB as it was and is more commonly known?
Ozwin Posted 8 September 2010 Posted 8 September 2010 I don't get how they work, where are you meant to sell them?
ACF Posted 8 September 2010 Posted 8 September 2010 I don't get how they work, where are you meant to sell them? eBay.
blue blood Posted 8 September 2010 Author Posted 8 September 2010 dito, what are the comparable charges, likely minimum purchase? 1p shares interested me as well, but not sure where i would start - any advice on portfolio's would be good. Oh and to our financial advisor friend - to prove it, what is a EFRB or FURB as it was and is more commonly known? I would reccomend a book called the naked trader by robbie burns, really easy to read and will give you a great insight into the inso and outs of share trading/investing. There are many types of accounts out there now. All the major banks offer a share dealing account online as well as specific trading companies and your traditional broker. The fees usually depend on the service you get. If all you want to do is byu electronic shares, hold them online and then sell them you would be looking at about £10 for a buy + stamp duty and another £10 for a sell (all approx). If you buy shares more regularly an account with an admin fee may be better as the more often you buy the cheaper it gets. If you want more 'advice' and services in your trading account expect to pay £12+ per buy in addition to stamp duty and then another £12+ for the sell. here is a url http://www.iii.co.uk/sharedealing/
The Doctor Posted 8 September 2010 Posted 8 September 2010 Is it possible to buy shares aged 16 and if so, how do you do it? 18. I was opening an isa couple of weeks ago. Looked at a stocks and share isa but you have to be 18.
Unit Posted 8 September 2010 Posted 8 September 2010 18. I was opening an isa couple of weeks ago. Looked at a stocks and share isa but you have to be 18. What's the difference between that and a normal Isa? do they put your money into shares of a company of your choice?
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