By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions. We in turn value your personal details in accordance with our Privacy Policy.
Please log in or register. Registered visitors get fewer ads.
I've downloaded Trading 212 to take advantage of their interest rate on uninvested cash, and am interested in dabbling with the stock market.
The money would be coming from round-ups on card payments, so I could happily lose it all if it all goes to pot.
Would the 'dummies' guides to investing and investing in shares (the UK editions) be decent jumping-off points in terms of learning what I'm doing? Or are there better beginner-level resources out there?
Investing for beginners on 17:32 - Mar 19 by Swansea_Blue
Invest in some whisky. If it doesn’t go as well as you expected and least you can drink it to forget!
In all seriousness, I quite fancy getting some whiskey stock just for the novelty of it. I’ve no idea if it provides a decent return, but that wouldn’t bother me if it was just for a bit of fun.
Edit - that doesn’t answer you question and wouldn’t be the place to start. I’d be paying off any debts/mortgage and putting a lump sum aside first. And then go down a biting managed fund. That’s very hands off though, so doesn’t sound like what you’re after.
[Post edited 19 Mar 17:33]
I almost did this in January. Then chickened out as the broker was really pushy. In my mind that made it feel unsafe. But whisky, wine etc is potentially a decent investment with a reasonable return. I am not brave which is my problem.
0
Investing for beginners on 19:50 - Mar 19 with 783 views
Investing for beginners on 19:23 - Mar 19 by djgooder
I almost did this in January. Then chickened out as the broker was really pushy. In my mind that made it feel unsafe. But whisky, wine etc is potentially a decent investment with a reasonable return. I am not brave which is my problem.
I think you really need to know what you’re doing with vintages and the like, which rules me out! I’d only brave enough to dabble for a bit of fun.
Investing for beginners on 19:23 - Mar 19 by TractorWood
I've been doing it for years through share dealing and stocks and shares ISA and have been in finance for ages.
However, I live and breath it and absolutely love it beyond anything. I don't do social media or the news. Instead, every working day I'm on the markets, I'm endlessly trawling earnings, LSE forums, movements on foreign indices, M&A impact etc etc.
I've had some nice results in the last few years. My honest advice would be do your own research and invest with confidence or don't do it at all. Don't punt.
If you can't do the research with the required skills, as others have suggested, perhaps play it safe and stick it in your pension for the tax relief, take it off the mortgage or put in a ready made fund etc.
As always, do your own research (DYOR).
[Post edited 19 Mar 19:57]
Same, I love it as well.
Wish I had trained to be a financial advisor.
Love getting a notification that one of my price alerts has been triggered.
Investing for beginners on 19:13 - Mar 19 by J2BLUE
I own some (not very much) Bitcoin and Ethereum so not trying to talk it down but it can be decimated with the stroke of a pen.
Each to their own and I hope it works out for you but I wouldn't want to be holding more than 5-10% crypto and even then it would be with the knowledge it was gambling, not investing.
The chances of Bitcoin going to zero is very low now I think. Plenty of sh1tcoins will, and they are the real gamble. Of course some will return crazy % as well.
ETH could do well in 2025, but it's been a pretty slow couple of years. Don't hold any but good luck!
I would definitely agree that 10% is a sensible starting point for Crypto. 90% of that in BTC.
0
Investing for beginners on 08:24 - Mar 20 with 656 views
Firstly make sure a trading company is authorized and regulated by the FCA as that gives you protection if they go bust*.
*a lot of trading firms only obtain FCA authorisation for some of their funds, so people invest thinking their funds are covered, firm goes bust, and hmmm discover they're fund isn't covered.
But if you're happy to lose it all, why are you worrying about understanding how it works? Just give it to some bod in the pub.
That said Trading 212 has a good reputation, I think they still use IBKR as a broker, and that is huge in the US, although not too big to fail.
0
Investing for beginners on 08:41 - Mar 20 with 621 views
This is by no means any advice and i'm sure someone will tell me this isn't good but when the interest rates were really low a few years ago (i.e. less than 1%) I just took a "risk" and opened an investment ISA with my bank and put some money in these "portfolio's", at different risk levels. I did a bit of looking at the history of the funds etc and it seemed safe enough that I wouldn't lose loads as they seem to spread the risk within the portfolios.
My aim was to keep these in for years and years, a bit like having a 5 year fixed rate savings and it has gone up more than i'd have got in interest. It was probably about 1/3rd of my overall savings after I have been topping it for a while.
I'm not sure if this trading212 is the same (?) or you actually have to trade yourself.
I literally knew nothing except some things my dad and me had discussed.
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
