When will you go back in?

setmefree2

At what point would be tempted back to invest in British shares. If the FTSE reaches 3500 would you be tempted? Any thoughts about the DOW?

IT_nerd

The DOW? I have no idea to be quite honest.
As for the FTSE, I'll be entering in at some point soon. No pain, no gain.
If you don't take risks then lifes pretty boring. And I've been waiting for a crash so I can try my hand at this.

k8r4u

Tempted back ? I've never left.

Google "pound cost averaging" ...

steady__eddie

I tested the temperature of the water this afternoon and decided that it was to my liking so I had a little paddle.
Don't know if my choice of company really complies with your definition of "British" though, (VOD) but I also have been following the strategy of k8r4u and at £1.08, I thought that they looked tempting.
I do however have a long line of failures under my belt, Aviva Petroleum (anyone remember them ?), Eurotunnel, Iceland (the freezer shop, not the bl**dy country), Northern Rock (they did provide a considerable gain last year though when I day traded them continually for about 3 weeks ) and finally B + B (Like a pratt, I took up the rights issue :eek: ).
I had a few bob in cash in my PEP and don't like Gordon taxing the interest now so I thought that I'd do a spot of bottom feeding but with my record, I'm probably just skimming the surface.

DocMartin

I'd buy shares now if I had the first clue how to go about it. I looked at a couple of the DIY websites (e.g. selftrade and others) mentioned in this forum but couldn't understand the terminology - far too much detail and too many options(no pun) for a complete novice. All I want to do is pick a few likely candidates and buy some shares (presumably "ordinary shares" ???) at a specific time and then be able to sell them whenever I want to. A friend said "the bank will do it" and pointed at Barclays but I don't have an account with them.

Richard_Cocks

The golden rule is never invest in anything you don't understand.

Stick to that, and don't overstretch yourself so you can't afford to lose it. Then just sit back and don't get obsessed with checking performance too often. (NNT's black swan (I think? or fooled by randomness) has a good chapter on why this is bad for health!)

amcluesent

Never. It's quite clear that 'the stock market' is a gigantic fraud, carefully orchestrated by en elite few who pay-off the politcos to keep the sheeple happy with footie, page 3 'stunnas' and beer.

RayWolfe

Yes, but just a little and then a little more each month.

IT_nerd

Pound cost averaging seems perfect.
All you have to do is have overall confidence in your company and you're onto a winner in the long term.

k8r4u

IT_nerd wrote: »

...
All you have to do is have overall confidence in your company and you're onto a winner in the long term.

Or indeed whatever you're investing in (trackers, ETFs, commodities, FX etc.) ...

cheerfulcat

Hi, DocMartin,

DocMartin wrote: »

I'd buy shares now if I had the first clue how to go about it. I looked at a couple of the DIY websites (e.g. selftrade and others) mentioned in this forum but couldn't understand the terminology - far too much detail and too many options(no pun) for a complete novice.

Is it just the buying process which is confusing you? It's pretty simple - you just choose the " dealing " option and you'll be asked details of the stock ( name or ticker ), whether you want to buy or sell and how much/many. You need to open an account before you can see the dealing screen.