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GGDR



Member Since: 26 Nov 2016
Location: London
Posts: 3517

United Kingdom 2011 Range Rover Vogue SE TDV8 Stornoway Grey
Shark tank / shares newbie

For a while now I have had a casual interest in picking up some shares on a few companies I follow.

And the vulture in me is telling me to grab a few grand's worth on anything pretty much now.

So I might want a general fund and also (not so pressing) want to buy into some specific companies.

But as a 10000% newbie I would not know how to go about it. And aware I might be stepping into a shark tank.

Grateful for any advice from those more clever than I ! Bow down

. Cheers, Greg
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2011 Vogue SE 4.4 with lots of toys in Stornaway

Post #546659 10th Mar 2020 8:18am
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Mr Tee



Member Since: 13 Dec 2010
Location: Near Wackyjim
Posts: 2598

Scotland 

You need to Basically find an online platform that allows self trading without any interference , easy enough to find, google is very much your friend.
They key here is knowing when to sell, my advice is pick your sale price, as soon as they hit it, get rid. Folk are naturally drawn to chasing historic growth, which never ends well.
And lastly, only use what you are prepared to lose, that’s key .

Post #546660 10th Mar 2020 8:41am
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Bl4ckD0g



Member Since: 16 Feb 2020
Location: 127.0.0.1
Posts: 1322

Netherlands 2010 Range Rover Autobiography 5.0 SC V8 Santorini Black

It shouldn’t be underestimate the effort that goes in to make a profit. As a newbie I would probably recommend to put a few grand away in a fund for now. And then use some play money that you are willing to loose to learn. Udemy actually do some interesting courses regarding technical analysis to decipher the charts etc.

Also depends on how much time you have and how quickly you’d like returns.

Me, I mainly am active on the various Crypto markets. But are very active on the scene and do public engagements as well. This month (Coronavirus willing) I’m doing a guest lecture at big business school on the mainland. Also have done an initial offering myself so I know it from both sides of the coin.

Be prepared to learn, put a lot of time into it, and loose. Profits will come with experience, but even then can go wrong at times 😂

Post #546727 10th Mar 2020 7:41pm
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littlecub



Member Since: 02 Apr 2013
Location: Ulverstone,Tassie
Posts: 323

Australia 2003 Range Rover HSE Td6 Epsom Green

Hi GGDR,

As my brother is a stock broker,he has been playing the stock market for years for his family and I.
My current portfolio is only down 5%. Which is a lot better than most.
My brother told me years ago to look for stocks that were in the pennies basket. i.e. less than a pound
When they start going up,you dont have to wait ages for them to double/triple in price.
Do your RESEARCH. Most important.
Pick a segment of the exchange that you want to play with,eg retail,oil,mining,manufacturing etc.
I am mostly in mining and although can be slow at times, you can get some big winners.
Start slowly at first,dont go out and buy up everything at once.
Only put down what you are prepared to lose, until you get more experience.
Be prepared to hold some stocks for years for them to increase in value.
You never get rich overnight.
Go to the library and read books on stockbroking( Im sure they have them)
Good luck on your new adventure.
littlecub
ps,now would be a good time to dip your toes in the market,but wait for it to start to rebound,as it may drop more yet
as this covid 19 continues.

Post #546950 12th Mar 2020 8:25pm
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