Not seen much talk of this topic on the forum. Always been taught talking money is not a topic to talk openly about, specifically figures wise but wondering if any here manage their own portfolios, which application they use and have had any recent success or any ideas on the future? Sounds terrible but now cash is king and a perfect opportunity to buy in if your not needing the money for a few years. I've had some nice success with Tesla in the last week and terrifying moments with oil that have made the blood drain from my face but luckily came out OK. Predicting how long this bear will last is like trying to guess Scott Redding's next hair colour but what are our predictions? Cheers
Savings are dead. Most I can get is 1.29%. Even high risk fund managed by the banks are only producing similar. Go all in on Tesla and BP and this time next your you'll be sitting pretty.
Oxford university and astra zenica are worth keeping an eye on in regards to a vaccine as to oil, the minute a vaccine is agreed as working, the oil prices wil go back up from it's current low
Always fancied it, never got past grinding out how to trade. Seems very complicated... a couple fo grand, holiday money, would be fun to have a mess about with. Is there a way you can bet on the ‘market’ ie FTSE 100 performance rather than buy individual shares?
I wouldn't trade mate, easier way to double your money in a short time is fold it in half and put it back in your wallet. But sticking your holiday money on the FTSE 100 and leaving it due to what's happened. In a year or two you will see gains better than any savings rate that is just science.
But how do you ‘sticK it in’? Serious question. Do you have to buy shares in companies or can you buy ‘shares’ in the FTSE 100 o performance overall (ie betting)
Reading on Yahoo finance its gonna drop even further, they're running out of space to store it so it'll get chucked out for nothing again soon. You'd need a big margin to hang on.
I use the Ap trading 212, free to trade. As shown you can go in as a whole on the ftse 100 or go in on individual companies.
Yeah there's plenty of videos online. Can I just say as a disclaimer here I literally studied it day in day out for about a month before then going on to their pretend money simulation before investing any real money. So yeah, trade is bad, invest is good.
You need to ask yourself if you have the right personality for investing. Money is numbers, but decisions can be very emotional, especially taking losses. 99% just leave it in the bank. 99% are very skilled at something else. 99% never got taught anything about finance. 99% already have exposure to stocks in their pension. The good news is, after living through multiple bull/bear cycles since 1979, the falls are always steeper than the rises and buying the dips when everyone else is heading for the exits has eventually worked out. I now prefer real assets like Ducatis. Difficult to buy and sell of course, but very pleasurable to own, occasionally go up in price and no HMRC liability.
