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LadyDay
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Posted: Sunday January 16th, 2005 19:15 |
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| does anyone have any advise for getting into stocks and shares. what are the main things to know and what is the easiest way to get involved. also what would be the minimum money in pounds sterling£ to invest.
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BlackMatta
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Posted: Sunday January 16th, 2005 19:45 |
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Last edited on Sunday February 26th, 2006 21:31 by
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MyThoughts
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Posted: Sunday January 16th, 2005 21:07 |
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@BM
You spoke a truth like no other...
Become a risk analyst or go about finding someone and befriend them that does this type of job...or working in a hedgehunters firm...they are privy to information on bloomberg index a long time before the layman...
Banks are hedgehunters clients...it is absolutely sickening the amount of money they make...using that one £100 about 100 times...imagine a thousand ppl invest £100 used 100 times in different investments...
They make billions of profit literally off the richter...then they tell u... who invest your hard-earned money u get 8-11% return...and u think u are getting a good deal...by investing in one of those ISAs and such...while they are making at least 80% profit on your money...not to mention what the hedgehunters make...
That is why they have that clause where u can't take money out for about two years so they can maximise profits in as many ventures as possible...some fail of course...but the hedgehunters money is not at risk...
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Fredblack
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Posted: Sunday January 16th, 2005 22:06 |
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@LadydDay..Hmmm. Been investing in the market for over ten years now as a private investor and member of an investment club.
First investment skills and serious heavyweight power skills. So simply having a good grasp of these things will and can set you up for life in simply having a powerful grasp of business if you did not have one and improve it massively if you did.
Secondly, there is tons of excellent introductory information on this subject. One of the best and a classic is called the Astute Private Investor. I think by H Fry. Was searching my shelves for my copies and can't find them. But I am sure it is fry. A small little and easily explained book and very cheap. Can pick it up in W H Smith etc.
Thirdly, I will tell you stocks and shares is a wicked investment and that is why the economic system is based on it and it works and is the life blood of westen government systems. Wish it wasn't but the facts are the facts and don't see it changing none for now.
Let me illustrate my worse stock out performs easily my highest bank saving account and mine you that is not in this country and laughs at my highest account here.
The money is not to be made in seeking out best banks but owning the stocks of those banks. That is who makes the money not account holders. Of course it makes sense to do both if you can.
There is no maximum or minimum in investing. There is however common sense. You can buy shares for 30 pence. But common sense will tell you having more than 30 pence is a good idea. I suggest to start out with a pot of say £1,000 before you start purchasing. By the time you have fully researched etc your pot will be probably larger. This is why investment clubs and syndicates are good as they allow the group to purchase larger blocks or units of shares often at a cheaper price the profits of which are divided between the group.
A good convention in any type of investing is developing a portfollio consisting of several types of savings and investment mechanims and allocate how much you are prepared to invest in each section. For example ten percent is the figure usually given for the amount of your portfolio that should be invested in equities. Property of a ll sorts, investment in money markets and other mechanisms eg bonds, etc can be used to disrtiubute the rest. Hence not all eggs in one basket even though you can make minior adjustments acccordingly. It goes with the terrriority that if you invest you will lose at some point, so it is about protecting your potential loses for that event.
What you can invest in absolutely anyting personal values and principles not withstanding. For example I know you would not want to invest your money in some massive entertainment company that has a major line in porn films etc. Blackmatta is correct the key to good investment is information and lots of it and constant analysis. Hence why having a group of people is very helpful. But you don't need a group of people ,especially if you have the technology. There are tons of stuff to aid investors and material.
But your eyes and your intelligence is the key tools in this area and why it is fun. For example. I noticed when doing up the house the amount of money we spent in places like B&Q and the place was jammed. Anyway we went in the country, people speding silly money because of the house market and changes in taste etc. Wicked investment. Tescos just before they got mega. Wicked investment. A company that speciales in organica animal foods, pets and a specialists in animal care. Wicked investment. I found out via reseach that white people the more money they had the more they spend on their pets and they spend silly money on animal related products.
There are certain companies that we will not invest our money in with any faith and that is shaped by our values eg Cable and Wireless who are our enemies in the Caribbean. However if Digicell floated in the Caribbean exchange I would definitely be interested.
However with experience you can invest politically as we do, especially in a private context. For example. I despise Cable and Wireless. However, I know because of the kicking they have taken in the Caribbean and Latin America and the massive reorganisation they have launched. They will be back if only for the short term and have to keep investors interested. In that period their stock value will rise and I am not disclined to buy them. Knowing full well I have absolutely no interest in that country and in fact want to wreck it and pull my money out at the appropriate time.
So with experience you can develop some of the machievelian tricks of the game so to speak.
But I would encourage plenty people to develop these skills and knowledge and even try it, because the insight and education alone of how the sytem work is valuable and you can take that any where in the world and profit from it as we have.
FB
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Numair
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Posted: Sunday January 16th, 2005 23:21 |
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Kevin Goldstein-Jackson, 'The Astute Private Investor' - a must read.
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Fredblack
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Posted: Monday January 17th, 2005 16:28 |
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@Numair. Thanks. That is the author. Goldstein Jackson.
FB
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LadyDay
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Posted: Monday January 17th, 2005 18:03 |
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very interesting reading
alot to take in. mmm i am definitly going to do my research.
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Blu Oshun
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Posted: Monday January 17th, 2005 19:42 |
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| I'm extremely cautious with money, primarily because i've never really had any and my Sociology degree is hardly gonna have the £ coming in. i'm gonna look into investing. while i know next to nothing, i heard that a good tip is to invest in stock that you have a legitimate interest in. it makes it easier to research. Last edited on Monday January 17th, 2005 19:44 by Blu Oshun
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BlackMatta
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Posted: Monday January 17th, 2005 20:10 |
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Last edited on Sunday February 26th, 2006 21:24 by
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LifeofEgypt
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Posted: Tuesday January 25th, 2005 13:00 |
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| Get into a good family of mutual funds and then choose one that fits your growth needs. I prefer medium to high risk funds with Merril Lynch.
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LadyDay
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Posted: Tuesday January 25th, 2005 15:38 |
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| well i have subscribed to some share newsletters from msn just so i can get a feel for the jargon
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Fredblack
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Posted: Tuesday January 25th, 2005 16:29 |
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@LadyDay. Good start. Keep us informed.
FB
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LadyDay
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Posted: Saturday February 12th, 2005 18:32 |
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can you guys give me some share basics
the newsletters i am getting seem baffling not used to the lingo
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Fredblack
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Posted: Saturday February 12th, 2005 18:42 |
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@Ladyday. Got some family stuff to do. Soon come.
FB
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Fredblack
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Posted: Saturday February 12th, 2005 21:09 |
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@Ladyday. Put the newsletter aside for now. They will be useful shortly. I did not find them very helpful myself early on.
1. You need to decide clearly what your values are where investing is concerned What I mean what is wrong and right according to your beliefs to make money or invest your money in. I know if somebody was to ask to borrow them £3,000 to buy crack-cocaine with a 2000% percent return you would telll them to piiss off.
Equally there are various types of companies or products or areas of operation that you may or may not be happy about. So you have to decide what and who they are. I think I know most of your basic core values over the time we have known each other. I don't think for example you would be happy in investing in a company like Nike or other firms which make their money via slave labour and all kinds of nastiness.
2. Once you are clear on your basics. Then it is about thinking and observing and doing some reading eg daily paper financial page. For example you have products and things in your home which you like, things which maybe of good quality etc who you swear by. Things your friends rave about eg good offers. For example I simply had to walk into my first Tescos Superstore in Cookridge Leeds and said...I like this...
Frome there I just kept watching and every now again reading the papers, until I said let my try a thing here. Then I begun to do the serious work of obtaining company reports and going through the books so to speak and analysing stuff. Bough the shares and happy like Larry.
I made a good decision based on my exs judgement. She worked up West and use to lunch Tottenham Court Road etc and a group of us got in a convo about pizzas and the best places. My girl was adamant there was only one place to eat this was Pizza Express back in the day and she went into it.
She also noticed that there was an article in the financial section about a possible take over of bid going on and she said she would go for it, because it was an American company and she studied in the US and thinks the Yanks have theses things sussed. Furthermore the West End joints back in that time were always jammed almost 24/7. So did the research of the figures and it looked good. Held the shares for years and ate of them plenty before I let them go.
For example I noticed how our women lke to spend all their money in Argos and when you go down there it is like a meat market and money going through those tills like joke. I bought shares in the group who own Argos and all those other major white goods retailers.
Black women have the most extravagent tastes and always know whats in and what is not. So having a female instinct and peers is really a good place to start. But once you have an interest in a stock. You must research it disciplinely and witthout passion. Pure business head must rule.
FB
FB
Last edited on Saturday February 12th, 2005 21:12 by Fredblack
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Reuben
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Posted: Sunday February 13th, 2005 19:45 |
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| i wanna get into this too. i jsut turned 18 and got some money. is it a worth while investment.
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LadyDay
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Posted: Monday February 14th, 2005 20:27 |
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thanks fred
i am gonna work through some of these ideas. i may get a the financial times
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Fredblack
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Posted: Monday February 14th, 2005 22:18 |
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@Ruben. You are a very good age to start to learn about these things and wish to god that I knew this when I was your age, but entering the stock market in those days was very difficult for the unwashed. But now it is far more accessible. The amount of information is massive.
Are stocks and shares a good investment. Well if I say the whole captialist economic system is based on stocks and investment, it must be a pretty reliable source of income. Stocks plunge as well as rise but more likely to do the former than latter.
Read my earlier posts and a basic and very easy to read and understand recommended book mentioned.
@Ladyday. Place to start sis.
FB
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Reuben
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Posted: Tuesday February 15th, 2005 07:43 |
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| cheers fredblack ill go to the library and do my research.
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LadyDay
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Posted: Friday February 18th, 2005 18:22 |
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| fred i am trying to compile my list and boy did i get stuck but iknow i use nuff stuff. especially where hair is concerned
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Posted: Tuesday February 22nd, 2005 00:52 |
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Ladyday i have been spread trading for over 7 years now which is slightly more speculative than share dealing although similar. Here's some advice which you may or may not find useful
1, Always do your own research. There are hundreds of people out there willing to give share tips but if you do your research on a company you can avoid sometimes buying hyped up shares.
2, Think meduim to long term with your shares and you will increase your chances of success. Adrian Hall i think his name is the black investor from the states, says if your not thinking five years then you shouldnt be in it. Quite often certain shares do well in much shorter spaces of time.
3, Get yourself a good broker. Ring around for quotes for the rates of commission and deals. If you want help with this give me a shout and ill post some links
4, The internet is a fantastic source of information so use it to build up your knowledge, because you cannot learn the game overnight although you may have a flair for buying/selling shares.
5, Diversify your portfolio, the eggs in one basket phrase is very applicable here as this will help you manage your averages.
6, Golden rule never sit in a losing share. Always have a stop loss of about 15% maximum of which you will sell at to cut your losses. This way you can live to fight another day.
7, Only ever buy shares with money you can afford to lose. This will inevitably prevent you from making any rash decisions.
8, Learn how to read the fundamentals of a company. Ie learn about how to read company balance sheets etc. This will tell you the financial state of the company.
9, learn how to read a share's chart. There are hundreds of chartist books and info on the net about this subject. This will show you how a share price has trended over the years/months.
10, Stick to big company stocks at first eg the FTSE100 stocks. As these are less volitile than smaller company stocks.
They are a few pointers which i have just thought of but im sure theres lots more. Whatever you do do not rush into this until you have researched, learnt and practiced your startegy. However dont feel intimidated as he/she who dares wins.
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MarcusGarveyLives
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Posted: Tuesday February 22nd, 2005 17:38 |
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| Try this: http://www.fool.co.uk/
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COLTRANE
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Posted: Thursday February 24th, 2005 04:51 |
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lady day lady day....simple,Its a way for a company to raise money at no initial cost to start up their enterprise, then pay back the investments to the shareholders later once the profits come in (if any). So, in sense, a gambling site for capitalists. It either goes up if the company does well, or goes down if the company does bad, meaning your at a profit loss. Horrible thought to think that gambling is controlling the fate of our entire economies...
talk about how we making them rich.....knowingly
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Hitman2005
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Posted: Friday February 25th, 2005 01:12 |
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"I'm joking but that is so close to the truth. It's all about information, information, information. The big earners on these markets are very close to the information that circulates. By time it's public it's stale."
That's more true than you may know - I've worked in financial services for quite a while and at one stockbroker I worked for, those in the know circulated information about "hot tips" internally. By the time the public got the same info, the same guys were already moving on.
One danger during the 1980s were so-called "penny shares", ie: Asil Nadir's Polly Peck. During the eighties this stock went from 9p a share to £36 a share, until it turned out that Nadir was a fraud and was bankrupted (I believe Nadir is still in Cyprus, where he fled from this country).
However if you are serious about this, then look for developing your portfolio for the long term (because you will encounter bull/bear markets). For example, you could follow some churches who invest in the market and develop an "ethical" portfolio (avoiding companies who are involved in arms manufacture, alcohol, tobacco or animal testing).
Also go in with eyes open and expand your options besides equities and bonds.
Unfortunately, I can't say any more - my current employer is very particular about their staff discussing investment issues.
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Numair
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Posted: Thursday March 3rd, 2005 23:53 |
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| Fredblack and others, if you don't mind me asking - which stockbrokers do you use? I currently use stockbroking services provided by Barclays and Halifax but am considering a more personalised service. Do you prefer to trade online or by phone? How diverse are your portfolio's? How serious are you guys about your shares, just a hobby, an extra income, or pension fund? How often do you check the value of your shares and how often do you trade? And lastly, how come no one on here is letting off any tips!!!????
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Fredblack
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Posted: Friday March 4th, 2005 00:46 |
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| @Numair. Why should I mind you aksing we are here to share and learn and god willing develop. If you can get better than this let me know. I however would stay away from any service which is connected to high street institutions, because I can assure you you are not getting the best deal and throwing money away. I can't remember what they |
