website listing share dividends?

lwcus78

I have about 10k to invest and i'm interested in investing it in shares. I have dabbled before with my dad's help but would like to choose my own investments now. I have the naked trader 2 book on order and cant wait to read it. I have a few hours spare today so would like to have a look on a few websites with info on stock market. Can anyone recommend websites? I'm trying to find list of high dividend shares.
Thanks x

TH1878

lwcus78 wrote: »

I have about 10k to invest and i'm interested in investing it in shares. I have dabbled before with my dad's help but would like to choose my own investments now. I have the naked trader 2 book on order and cant wait to read it. I have a few hours spare today so would like to have a look on a few websites with info on stock market. Can anyone recommend websites? I'm trying to find list of high dividend shares.
Thanks x

If I could offer some advice - be very careful when selecting your stocks based solely on the current (being the operative word) dividend level.

A lot of the companies offering high dividends now may not have felt the full effects of the recession yet, and it's likely that a lot of them will cut their dividends (as Legal & General did today).

You need to delve deeper into the company to get a real sense of whether it offers value or not

mrposhman

I agree with TH1878.

www.advfn.com has all the information that you will need. I'm not sure if there are reports on there highlighting the highest yielding stocks but I wouldn't put all your money in income stocks anyway.

I assume you aren't that old based on your statements above so unless you seriously need the income each month (which would beg the question as to whether you could afford to lose the money anyway) then why not spread your bets and go for stocks that aren't just income bets.

Don't invest until you have read the naked trader anyway.

I started before reading it and made a few mistakes (but I've learnt from them) which I'm not sure I would have made so easily had I read the book first.

lwcus78

Thanks for the advice.
I'm 30 yrs old and as I'm on maternity leave at the moment I've got time to look at stock whilst baby is asleep.
I understand there are risks and I know its a long term investment so dont need the money for next 5 yrs +. Its just that the returns for savings are so terrible at the moment.
I cant wait to read the naked trader, I might read it and decide that its not the right time. I'm just looking into it at the moment.
Thank you

mrposhman

lwcus78 wrote: »

Thanks for the advice.
I'm 30 yrs old and as I'm on maternity leave at the moment I've got time to look at stock whilst baby is asleep.
I understand there are risks and I know its a long term investment so dont need the money for next 5 yrs +. Its just that the returns for savings are so terrible at the moment.
I cant wait to read the naked trader, I might read it and decide that its not the right time. I'm just looking into it at the moment.
Thank you

There are definately sites that allow you to phantom trade, so you could always try this in the meantime and see if trading is for you. I'm not sure if www.advfn.com has this facility. I believe it does but I'm relatively new to the site, but you can find others elsewhere.

If theres one tip I would give you from experience, is NEVER EVER listen only to posters on bulletin boards. Naively I did that and the share was a dog, but I'm of the view that I will learn from this and never do it again. I will listen and do my own research before I even consider shares regardless of how exciting the opportunity seems.

chookie1

TH1878 wrote: »

If I could offer some advice - be very careful when selecting your stocks based solely on the current (being the operative word) dividend level.

A lot of the companies offering high dividends now may not have felt the full effects of the recession yet, and it's likely that a lot of them will cut their dividends (as Legal & General did today).

You need to delve deeper into the company to get a real sense of whether it offers value or not

I'd also take a bit of time to think about the business that underlies the company and how stable their income stream is. Regulated utilities eg electricity companies are traditionally very stable as are (unfortunately) tobacco companies. IMHO I would think these two should be going forward - if nothing else governments are desperate for tax income so I doubt they'll restrict tobacco companies any more and any duty increase will just be passed onto the consumer.

Other safe havens might be stuff that people buy come hell or high water - so food and booze. Arguably big oil companies should do OK but I'd be careful of the big pharma companies - they're always held to be somewhere to hide but many are having a tough time with drugs coming out of patent.

Just my opinions....