Shares - Newbie

Michael_H_2

I am new to the trading of shares world!

After investing in a buy to let property im looking in further ways to invest.

I have been looking at share prices and doing bit of research before i nose dive in!

It might be time to start investing in RBS or Barclays. Im going to start easy with £500 (which i can afford to loose - but hope not too) to play with. Im looking medium to long term. What you think?

Im looking at using the Dealing Brooker Online ... Hoodless Brennan?? Anyone use this? Is it any good, i think its the cheapest. Do you have any others you recommmend?

malik999

HB is a good choice imo.

Re. Shares. Everyone here is talking about about buying banking shares but these are long term imo. Lots of shares have taken a hit I would also consider other industries and spreading your risk. Perhpas split your money and do one banking and one other.

hth

Michael_H_2

thanks,

anybody else have any experience of using hoodless breenan. Would you recommend it??

sh856531

After investing in a buy to let property

Ouch. Moving on...

It might be time to start investing in RBS or Barclays

OK. You need to look around on the forums for some of the full and frank debates on whether this is a good idea right now. Start with http://forums.moneysavingexpert.com/showthread.html?t=1433855

To summarise the discussions that's going on you need to understand that unlike just about every other type of business you could invest in right now - you could literally lose everything on a bank, like, tomorrow.

Most people will tell you that investing in any of the banks right now is pure ganbling, not investing.

Thats not to say that thats not an OK thing to do, but you need to be absolutely certain that you understand that you could (and quite possibly will) lose *everything*. There are people on this forum who have done exactly what you are about to do because they thought that banks are "cheap" and have gone on to lose serious amounts of money. The largest indivdual loss I know of was on RBS and was something like £450,000 because the guy incorrectly guessed the "bottom" of the market.

Sorry I don't mean to pi$$ all over your shoes. I just want to make sure you understand and accept the fact that if you put money into banks right now, you are not "investing", you are "gambling". And thats fine, as long as your prepared for all possible outcomes.

Take care matey

S

sh856531

anybody else have any experience of using hoodless breenan. Would you recommend it??

General concensus from people I've spoken to about this is that H&B are very good for first time and low level traders. Trading fees are very competitive for the sort and scale of trade that you're talking about.

HTH

S

simpywimpy

I buy the investors chronicle from tesco every tuesday as I too hope to find some long term gains in shares.

Ive been following their advice and just buying 100 shares in companies they recommend using spare cash rather than the saving I have already so if I lose, I still have my nest egg.

One of the early ones recommended on here was premier foods and that is coming up nicely. I have a few banking shares in Lloyds, RBS and Barclays just to try and weather the storm - you never know.

Because I know so little about share dealing, I'm staying small and trying to learn as I go along.

Aegis

sh856531 wrote: »

General concensus from people I've spoken to about this is that H&L are very good for first time and low level traders. Trading fees are very competitive for the sort and scale of trade that you're talking about.

HTH

S

H-L are very good for managed funds. For shares there are much cheaper brokers out there with much more sophisticated trading platforms. Selftrade and Hoodless Brennan come to mind.

zedyy

get stuck in

sh856531

H-L are very good for managed funds. For shares there are much cheaper brokers out there with much more sophisticated trading platforms. Selftrade and Hoodless Brennan come to mind.

Sorry matey - my bad. I meant HB (Hoodless Brennan) rather than H&L.

I've never even heard of H&L so I definately wouldn't recommend them :-)

sh856531

Because I know so little about share dealing, I'm staying small and trying to learn as I go along.

Sounds like you're doing the right thing. I'm taking the same approach

:-)

Michael_H_2

Thanks for the advice guys.

I will start slowly and tread carefully only risking what i can afford to loose.

Ill pick up a copy of the investor chronicle this week!