Shares

[Sutch]

Anybody else being putting money in shares now rather than a savings account?
Got just under £2000 tied up in them now, in a company whos shares have lost 2/3rds, heres hoping for around tripling my money in a few years.

Wise choice? ;)

[kcsaxo]

wise choice if you know what to buy and sell, unless youre doing a low-risk approach and allowing your building society to take charge of them. is it a 5 year plan youve taken out?

[Sutch]

wise choice if you know what to buy and sell, unless youre doing a low-risk approach and allowing your building society to take charge of them. is it a 5 year plan youve taken out?

Sod letting anyone else have any of my profits, just got them direct through a broker (so very minimal percentage difference from company price), tis a risk but have thought it through..

Can sell them whenever I like.

[alex19]

I'd love to learn about it to be honest.

[potatopete]

Buying and selling shares is an easy, easy way to lose loads of money.

If you can afford to, invest in the really big companies. If not, dont bother. You'll lose out.

[Sutch]

I'd love to learn about it to be honest.

Hope you are lucky, or look where you reckon the world and money is going to go, buy low, sell high ;) I could be a teacher lol

[jmt84]

i've got shares in wolseley uk, they're rock bottom at the mo, but WILL go up again, so i'd put my money there if i was looking to invest

[Mr_X]

remember its just a gamble, unless short selling ;)

[Paul]

Too big of a risk atm.

Yeah you could win quite alot...

But with all the companies going bust lately, you stand to lose it all.

I was going to put 4,000 into shares last month, and do the plan you're thinking. I thought shares are low now but will triple in a few years. Yeah they might do, but the credit crunch is far from over yet and the likely hood of it is that you'll lose your money.

I'd recommend high-savings account. Atleast til the market is abit more stable.

Paul

[potatopete]

i've got shares in wolseley uk, they're rock bottom at the mo, but WILL go up again, so i'd put my money there if i was looking to invest


You sure about that?

What proof do you have? You done your research?

[alex19]

I'm thinking of just sticking my money in an ISA tbh.

[VTEC-Saxo]

My uncle works with 3 other men who just buy and sell shares in companies n shit his rollin in it sounds like a great job his just moeved in his 1/2 million quid house wit his beamer :(, anyway he recomended to us that we invest in theses bargain shares at the start of decemeber so weev put 4k on them and theve gone pretty high already, made more than our money back, so i would rekomend it if you no what your doing / no anyone who can help you, hes going to tell us wen to take them out

[Paul]

I'm thinking of just sticking my money in an ISA tbh.

Good choice.

[Sutch]

Too big of a risk atm.

Yeah you could win quite alot...

But with all the companies going bust lately, you stand to lose it all.

I was going to put 4,000 into shares last month, and do the plan you're thinking. I thought shares are low now but will triple in a few years. Yeah they might do, but the credit crunch is far from over yet and the likely hood of it is that you'll lose your money.

I'd recommend high-savings account. Atleast til the market is abit more stable.

Paul

High savings account at this time? Good luck on finding one.

I dont need the money for anything other than wasting, so it was as good there as it is anywhere for a couple years ticking up. When I first looked into it they have fluctuated by about £6 each from then, and watching them I'm now entered at the lowest ever, even if I were to sell at that £6 rise if that little rise happens again, that £600 profit if I get scared and wanna run..

As with 95% of making money its a gamble though...

[Mr_X]

there are loads of high interest saving schemes. you just have to search.

[Sutch]

there are loads of high interest saving schemes. you just have to search.

4.6-5.5% Doesnt appeal as much as a possible 200/300% though.

And you cant tell me a bank is a safe option (okay there are some, but this may turn out bloody good I didnt stick it in a bank)

[Mr_X]

tbh im not giving out financial advice online, i do enough of that at work.

just do what you want to.

[Paul]

and you cant tell me a bank is a safe option

I'm sure you're £2,000 will be much safer in a bank than a company right now mate

High savings account at this time? Good luck on finding one.

I dont need the money for anything other than wasting,

Lol ^

Good luck anyway.

[Sutch]

tbh im not giving out financial advice online, i do enough of that at work.

just do what you want to.

I'm not asking for advice, just seeing what other people are doing with their money?

Its your job, good for you, doesnt mean your knowledge will beat a (as well as can be) judged gamble ;)

[Mr_X]

lol. just try your luck, if you dont get lucky then at least you tried.

[JCs_VTR]

premium bonds ftw! you could be the next millionaire. Ive got some bonds and won 250 quid the other month lol got something was a pleasant surprise when I found out

[alex19]

premium bonds ftw! you could be the next millionaire. Ive got some bonds and won 250 quid the other month lol got something was a pleasant surprise when I found out

Share some information?

[Sutch]

Share some information?

You have no clue about anything money related ? ;) jk.

Hihihihi for Bonds (http://www.nsandi.com/products/pb/index.jsp)

Only ever won 2x £50 on them :(

[matt_vtr_15]

personally if i had any savings i would keep them in a safe bank savings account or under my bed....

at this time i would not invest any money in shares as it is just so uncertain what will happen to companies with so many going into admin....


it's just risky at this time...if you get unlucky you could have nothing....

personally though when this credit crunch gets a little better i know exactly who to invest any savings i have with.... due to designing buildings for a company who are taking advantage of the current market to try and capitalise....

[Heliosphan]

You have no clue about anything money related ? ;) jk.

Hihihihi for Bonds (http://www.nsandi.com/products/pb/index.jsp)

Only ever won 2x £50 on them :(


and you're a financial fookin whizz-kid ! ;)

[bullit]

i wish i had some savings to do anything with

[matt_vtr_15]

and you're a financial fookin whizz-kid ! ;)

hahaha....

i thought the same....i wouldn't sound so hot headed until my shares had made a tidy profit and that profit transferred to my bank account and sold....


you put on shares.... so what really...it's easy to do let's just hope you invested wisely which i am sure you would of done.... but your information and resources shouldn't be easily known...need some un derground intelligence lol....

[Mark51]

you cant guarentee that the shares will go up again. this is a risky business. many people think they can play like the big boys but when things go wrong they loose everything.
I used to do quite abit of buying and selling and i did make a profit but havnt done it in some time and im glad i havnt.
may be tempted to invest in something soon depending on how the econemy goes

[potatopete]

I love how there's people posting in this thread, trying to sound like they know about shares and investments.....



Reminds me of the saying, "Better to be silent and be thought of as a fool, than to open your mouth and remove all doubt".

[alex19]

You have no clue about anything money related ? ;) jk.


I'm just trying to learn, and trying to use my head at a young age so I can maximise the money I have now while I have no commitments and outgoings for the future when I will have bills to pay.

Thank you for the link :y:

I love how there's people posting in this thread, trying to sound like they know about shares and investments.....
Reminds me of the saying, "Better to be silent and be thought of as a fool, than to open your mouth and remove all doubt".

I'm just wanting to learn :y:

[potatopete]

I'm just wanting to learn :y:


Wasn't aimed at you specifically.

[Sutch]

you cant guarentee that the shares will go up again. this is a risky business. many people think they can play like the big boys but when things go wrong they loose everything.
I used to do quite abit of buying and selling and i did make a profit but havnt done it in some time and im glad i havnt.
may be tempted to invest in something soon depending on how the econemy goes

Tis why not many people are willing take that risk, money is always a gamble to make big (on the percentage you put down)
Only rule is make sure you can cope if the shits would happen.

Is definitely taking a lot more judgment now, just have to take into account what has happened in the past during crappy times and hope for the best. End of the day, £2k down wont ruin my life, unlike the scale people get into.

Just got to try an forget about them, as checking them daily will just wind me up with any (inevitable) loses at points.

[Ash-VTR]

Realisticly how much money do you reckon you need to get started?