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Practicing share investing.....

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willing2learn_3
willing2learn_3 Posts: 759 Forumite
in Savings & investments
Hi

A quick question for anyone in the know. I want to practice 'virtual trading' - that is not for real, just having a go and seeing if i can learn something. The challenge i have right now is that i wish to pick some companies from 3 sectors that i've chosen.......i cannot find a list of companies divided by sectors anywhere...

I've tried Sharewatch...

Anyone understand? Anyone know where i might find lists of companies divided up by their sectors?

thanks for listening
«13456789

Comments

  • cheerfulcat
    cheerfulcat Posts: 3,402 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Not working properly for me right now, but Digitallook should be of use.
  • wornoutmumoftwo
    wornoutmumoftwo Posts: 1,250 Forumite
    You could try here: http://www.bullbearings.co.uk
    Payment a day challenge: £236.69
    Jan Shopping Challenge: £202.09/£250
    Frugal Living Challenge: £534.64/15000
  • willing2learn_3
    willing2learn_3 Posts: 759 Forumite
    Cheerfulcat...thankyou! It's taken me all afternoon to find something like this! Thanks to you i've found it!

    Wornoutmumof two - thankyou also! I haven't got to grips with your site as yet but i will definitely check it out further tonight! Hope you are not too worn out :-)
  • willing2learn_3
    willing2learn_3 Posts: 759 Forumite
    now i've got that step out of the way.....anyone here doing any practice investing - or real investing for that matter? I don't have the savings to do it for real as yet.
  • cheerfulcat
    cheerfulcat Posts: 3,402 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    willing2learn, I would start with the posts in IPT, here ( read the whole lot from start to finish ).
  • unkle
    unkle Posts: 338 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    There's also;

    http://www.selftrade.co.uk/index.php?

    Set up a watch list and away you go. If you then want to start trading drop me a PM and i'll refer you.
  • willing2learn_3
    willing2learn_3 Posts: 759 Forumite
    Thanks Cheerfulcat and Unkle

    Unkle i will have a look at that site in a day or two as i have some time off work then. Cheerfulcat, looks like i have a lot of reading ahead, thanks again for the resource!

    I have a quick question. I currently receive some housing benefit, not a lot as i work full time and hopefully it won't be long as my salary is about to go up. However, in the meantime, how would investing in the stock market affect one's eligibility for benefit?

    If anyone knows i'd be interested. I'm not looking to make money without telling the housing people, I don't operate that way. I just thought of it tonight. My thoughts are that whilst practicing....or in the early stages of investing, if one lost housing benefit it could just make someone financially worse off. At the same time i totally believe that if someone is doing well and has made considerable sums on the stock market then they should not receive benefit.

    Anyone know how this would work? This is all theory right now, but i'm curious.

    Thanks for any responses
  • cheerfulcat
    cheerfulcat Posts: 3,402 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Hi there,

    I'm afraid that I don't know about the housing benefit but I believe that it is means tested - there's a section on the DWP website which suggests that you are allowed to have £6000 in savings before your benefit is affected.

    You could ask on the MSE benefits board, here.
  • willing2learn_3
    willing2learn_3 Posts: 759 Forumite
    Hey Cheerfulcat

    thanks for that site, i've just started reading and printing some stuff off for the train tomorrow. lol!

    One thing i would ask, i seem to have done a LOT of reading over the last 6-7 months....and still not sure what to do re investing (partly this is lack of money though). Can i ask would you say this is usual?

    I don't want to still be reading stuff in a year's time and not acting......unless of course this is advisable. It's such a huge subject.

    Do you mind me asking if you have invested in the stock market? I guess from your posts that you have. I'd love to hear about your experiences.

    Thanks again

    W2L
  • BigSpender2_2
    BigSpender2_2 Posts: 109 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I may pop and have a look at the 'practice' web site. I would love to invest but do not have the time to watch the markets. I think to make big money you need access to the market quickly. Hearing about something in the morning but not buying/selling till afternoon, could cost you dear...

    Save £12k in 2023 Challenge £12,000/£1,620
    The 365 day 1p Challenge 2023 Saver number 52 £667.95/£72.60
    CC debt 1/1/23 8385.21 

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