Stoozing Advice Please!

pappadruid

Hi All,

Been reading with interest the threads on stoozing and like the idea of it! The advice I am seeking is this....I am considering doing the stooze, but instead of putting the money in a savings account, I was considering investing the money in shares via HoodlessBrennan. I regularly monitor a couple of shares I have at the moment and am aware that they are at rock bottom prices. I am fully aware that the price of shares could drop even further, but by the same token, they could go up! I was wondering if any other moneysavers had dabbled in this sort of thing?

Any advice welcome!!

Many Thanks!!

p.s. I would not put more into shares than I have in savings as a safety net in case things go belly up, so I could still pay the credit card debt off.

YorkshireBoy

You're not the first...

http://forums.moneysavingexpert.com/showthread.html?t=260727

...try to get a feel for the (interim, early post) gains before going to the last post to see how much he (potentially) lost...IN ONE DAY!

sicker

I have the same gut feeling and have decided to withdraw some of my cash (now much lower interest accounts) and re-invest in shares which at the present moment will/may pay a decent dividend. It would be advisable if you take this course of action that you spread your risk over several investments if cash restrictions allow. Please don't take this as advice (I have /had woolworths shares in my portfolio ). Also in my opinion shares are a long term investment e.g 5 years.
Best of luck

John