I'm thinking of buying some shares, how do I go about it? and can you buy shares short-term or do they have to be over a long period?
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32CaptainFlak postedYou don't seem to have a lot of knowledge on the subject are you sure investing in shares is the right thing for you, for instance on what basis are you going to select which shares to buy?
I trade online through a share dealing account with my bank, you can basically buy a share and sell it an hour later if you want to, generally shares are regarded as a longer term investment.
I would suggest you seek further advice before committing yourself.
Posted on 22 August 2010 |
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83SmudgeButt posted
Try the beginners board on Motley Fool & read The Naked Trader.
http://boards.fool.co.uk/absolute-beginners-investing-50014.aspx?mid=12015112
Posted on 23 August 2010 | Love 0 loves
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881MikeGG1 posted
You would need to buy individual shares in lots of at least £1,000 to keep expenses to a minimum.
For a beginner, it is better to buy a Tracker, or Exchange Traded Fund (ETF) which has much lower expenses and doesn't require the same degree of knowledge. You can buy them in much smaller lots.
Please be aware that investment in shares is a long term matter. They can go down as well as up in the short term. You should be able to leave the investment for at least 5 years.
Mike
Posted on 23 August 2010 | Love 0 loves
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1petematthew posted
It's always worth asking (and answering) WHY you want to invest in shares. Is it to make a quick buck? That's a mug's game. Shares are too volatile in the short term and you're just as likely to lose as you are to gain.
If you are investing to achieve a certain target, like to pay for a daughter's wedding in the future for example, then work out how much you will need, what you have to put away now and over the term, and then you can decide how what return you need. This is financial planning and is easy to do, or you can get professional help.
Mike is right (as usual) that a tracker fund like an ETF is a good way to invest in a broad basket of shares, and you can buy these like shares, either through a stockbroker, your bank, or an online platform like Selftrade
Pete
Posted on 02 September 2010 | Love 0 loves
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