Investment & Investing

Let me know how you guys get rich from this OK?

I'm sure it's worth all the hassle and the fees.

wallstreetbets ->

Link below....we both get a free share just download and sign up through the app and fund with £1. Was quite simple for me and their chat function is good.

http://www.trading212.com/invite/FMOC1Aow

budget tomorrow ? i heard
could be a positive or if they get it wrong a negative to investments

which way will it go ?

Saudi Arabia are ramping up their oil price war into April so our little budget probably won’t affect things too much.

Probably better off just doing premium bonds really.

Or wait until COVID19 and the oil price war have done their maximum damage in about a month before making any decisions.

Sold up today for 3% 24hr gain.
Not made me rich but a good point to sell when lots of risk in the markets.
Looking to buy again soon.

3%? Hardly worth it unless you bet the farm, surely?

And if you did bet the farm - so presumably could afford losing it - you must be so rich that 3% is nothing other than a minor distraction?

And now you have to continue with this quasi day trading because 3% of anything other than a really big number is very little, and you end up paying more fees and getting exposed to more risk.

Not wanting to rubbish it. 3% in a day is obviously not to be sniffed at. But it's also easily wiped out. The danger we all have as consumers is making the platforms rich whilst taking home too little based on the risks we take.

Thoughts on bank shares?

I'm not rich by any stretch...but index fund can just be held if the trade goes sour...still producing dividends and no stamp duty. So only the £12.50 commission.
Over trading, and account fees are one to watch out for.

Until interst rates rise..they aren't gonna do well..which could be a long time yet.
They are cheap in relation to book value.
And even decent dividend payers..but not sure that will last.

If anyone is interested in Trading 212 here's a referral link: http://www.trading212.com/invite/FMXUmR29

Another day another massacre on the markets...absolute blood bath.
Will we laugh about this one day?

I will. Once I've finished buying all this cheap stock and it's worth a shitload in a few years.

It’s going to get way crazier. Next two weeks will be like nothing we’ve seen before.

Exciting stuff.

You think? I have to put some money in my pension, already added some but waiting until the last min before the rest. Limited by the tax year.

I moved a large chunk into S&P 500 yesterday lets see how that works out for me...

Good man - hope it works out for you.

I moved a large chunk into S&P 500 yesterday lets see how that works out for me...

I sold my house a few months back. Split the chain so had sale cash sitting around for a little while before the purchase goes through (hopefully) in the next couple of weeks.
Really quite pleased I didn't invest it in the interim.

I found out that the FSCS covers temp large balances over £85k for this very situation.

(Not really to do with investing just an interesting point)

After seeing my retirement fund drop 15-20% in two weeks I parked it in safe interest based funds instead. Today they would’ve gone back up 2%if I had left them sitting...

When will I learn to just leave things alone?

Is this the right place to chat ISAs? I'm specifically interested in Stocks and Shares ISAs.

Can anyone explain to me like a 5 year old if they;re any good or high risk? If not where's best to put savings for a mortgage deposit?

Imagine if you'd put your house deposit in S&S only two weeks ago! We're seeing a perfect illustration of why it's risky.

I’m thinking of converting my retirement fund in to Rolex so I have something to barter for toilet roll in the post Covid economy

That said putting in yesterday and in few years time you could be sitting very pretty indeed.

If you have surplus cash, long term outlook and a certain amount of risk aversion, this is most likely a great time to plunge in.

Yeah, but you have to adjust your definition of "surplus". People won't want to be stuck with devalued intangibles if they need to get emergency medical care or their company goes bust or something. If you've enough cash/whatever to ride out whatever may come it's a good time to buy, sure.

(you may know this but just pointing it out in case others don't and lose their life savings)

I know! Brrrr