Tempted to buy some shares?

sabretoothtigger

Sounds less risky.
I read about a fund that is going to invest in bank shares, you get 11% back if no dividends in the first year, 22% is nothing in the second year and so on. Sounded too good

Wantosave

Hi All

I am doing some 'aggressive' saving at the moment and so far have saved about 5,500 pounds in a relatively short time.

I have thought about dabbling in stocks and shares. I suppose, being in my mid forties, I am not sure that I want to tie up my savings in this area for say 10 years. I would prefer the quick killing that may be had with buying/selling stocks and shares if you are astute and a little bit lucky You could say I am making up for lost time, having made a few financial mistakes along the way and I am trying to boost my savings as quickly as possible.

Does anyone have any advice for me as this would be appreciated.

I am enjoying reading the posts on this site so far.

Best regards

Money Angel
:A
x x x

tradetime

Wantosave wrote: »

I have thought about dabbling in stocks and shares. I suppose, being in my mid forties, I am not sure that I want to tie up my savings in this area for say 10 years. I would prefer the quick killing that may be had with buying/selling stocks and shares if you are astute and a little bit lucky

Be wary that you don't end up being the one getting killed, statistically there is an 80% - 20% split roughly, amongst those who "short term trade" the markets, that is 80% killed (lose money) whilst 20% profit. Luck is irrelevant, if you are relying on it in any part of your trading you will belong to the 80%.

Wantosave wrote: »

You could say I am making up for lost time, having made a few financial mistakes along the way and I am trying to boost my savings as quickly as possible.

Does anyone have any advice for me as this would be appreciated.

I am enjoying reading the posts on this site so far.

Best regards

Money Angel
:A
x x x

If you intend to try to make money as a short term trader then I suggest you prepare for a lot of work to justify a position in the top 20%. I'd also suggest you do not try to "cut your teeth" in this market as the volatility is insane currently. But if you're serious things should have calmed down by the time you've finished studying.

sabretoothtigger

How about investing that 5k monthly, is that not a good way to buy into even a volatile market. So long as he spreads it thin enough to be buying as it averages into a rise

StevieJ

StevieJ wrote: »

I am fan of the oil majors, eg Shell based on the share price yesterday was paying a dividend yield of nearly 8% (tax free to a basic rate taxpayer) as far as I am aware Shell has never cut its dividend (doesn't mean it won't). The long term oil price is likely to trend up (probably oversold at the moment). Add to this the falling interest rates, Ithink it is a good buy IMHO.

Those were the days Yield 8% :eek: