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Where can i discuss share buying?
cashbackproblems
Posts: 1,826 Forumite
hi guys
i know there is a thread dedicated to ways of buying shares/portfolio building online, but are there any sites which specifically talk about WHICH shares to buy, market conditions, economics impacting on sectors and fundamental analysis etc, i dont mean share tips but people looking to buy and in the same boat?
Iv been on motleys fool but find the whole layout of that site REALLY awkward and there arent many others out there, apart from iii, google/yahoo finance for stock info etc.
many thanks for any advice
i know there is a thread dedicated to ways of buying shares/portfolio building online, but are there any sites which specifically talk about WHICH shares to buy, market conditions, economics impacting on sectors and fundamental analysis etc, i dont mean share tips but people looking to buy and in the same boat?
Iv been on motleys fool but find the whole layout of that site REALLY awkward and there arent many others out there, apart from iii, google/yahoo finance for stock info etc.
many thanks for any advice
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Comments
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CBP, I guess that you are looking for someone experienced to tell you what to buy and what not to buy and when to trade. Most of us learn the hard way by trial and error and that is the very best way to learn. In time you develop a `feel` for share trading. I started by opening a £100 account with finspreads and I did spread betting literally a penny at a time (I don`t know if you can any more) and then I traded the dow and boy is she fast moving. I never ever went out of my comfort zone and learnt to close losing positions quickly. I also went on some top notch courses in London
There are some good books for beginners eg the zulu principle and TA books like TA of the financial markets by Murphy. At least get to fully understand the basics yourself and then weigh up your risk profile before deciding what type of shares to buy. If in doubt then go for the good ftse 100 shares (epic UKX) that can stand up to stock market turbulence0 -
Kittie, it looks like you are more of a trader than an investor. I'm very new to all this myself but think the OP might be better advised to stick to investing.
I bought the Dummie guide to investing in shares and its proved invaluable (but don't make the same mistake I did and buy the American version).
Motley Fool is a great place to get a feel for what's out there and how other people interact with the markets. But you should certainly learn how to do your own research. I've thoroughly enjoyed reading up on it, asking questions and now feel as though I have an idea of where and how I want to invest.
But I absolutely agree: the layout and functionality of the Motley Fool discussion board is horrid (imho). You might find it interesting to check the discussion boards on iii.co.uk.
Good luck to you!0 -
A mix of both is a good idea for most. Holding onto shares forever isnt that profitable, it can be a disaster.
I believe average stockmarket growth is 3%
I think the iii boards are pretty awful tbh, its a gamblers pit in general. Reading some good books and doing minuscule bets on finspread is a good way to start because practise is alot different to theory
start off with alot of watching and a tiny amount of trading then scale up if you feel a clear direction.
Its more about gut instinct and an empathy for the market then anything like an intellectual exercise.
It helps to understand all perspectives but develop your own also because there is number of trading or investing styles and you will only be good at one type imo. Finding out which could get expensive and frustrating
Another bulletin board link below, just a resource of questionable quality tbh. There is no where perfect afaik, it would cost alot if there was
http://www.trade2win.com/boards/general-trading-chat/62964-when-i-joined-t2w-good-place-learn.html
http://www.investopedia.com/terms/s/sharkrepellent.asp
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Just to add the LSE (London South East) site is ok for chat.I started with nothing and I am proud to say I still have most of it left.0
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sabretoothtigger wrote: »A mix of both is a good idea for most. Holding onto shares forever isnt that profitable, it can be a disaster.
I believe average stockmarket growth is 3%
I think the iii boards are pretty awful tbh, its a gamblers pit in general. Reading some good books and doing minuscule bets on finspread is a good way to start because practise is alot different to theory
start off with alot of watching and a tiny amount of trading then scale up if you feel a clear direction.
Its more about gut instinct and an empathy for the market then anything like an intellectual exercise.
It helps to understand all perspectives but develop your own also because there is number of trading or investing styles and you will only be good at one type imo. Finding out which could get expensive and frustrating
Another bulletin board link below, just a resource of questionable quality tbh. There is no where perfect afaik, it would cost alot if there was
http://www.trade2win.com/boards/general-trading-chat/62964-when-i-joined-t2w-good-place-learn.html
http://www.investopedia.com/terms/s/sharkrepellent.asp
i have just signed up to trade2win
i am sure its worth me reading a few posts for information purposes
thanks for the linkOh well we only live once ;-)0 -
i concur, the LSE london south east is where i spend most my research timeTarget Savings by end 2009: 20,000
current savings: 20,500 (target hit yippee!)
Debts: 8000 (student loan so doesnt count)
new target savings by Feb 2010: 30,0000 -
I definitely don`t like motley fool either. Trade2win is ok though. Moneyam investors board is full of rampers and de-rampers but very good for stockwatch and graphs
Sabretoothedtigger is right about holding onto shares too long. Ok if you want divis from a pretty stable share but look what happened lately and I bet the high yield portfolio crowd on the fool board has gone quiet. They were all buying to hold forever. Many of their recommendations have lost 50% or more
The learning process is fun CPB and don`t forget that you are the best one to deal with your own financial decisions0 -
I definitely don`t like motley fool either. Trade2win is ok though. Moneyam investors board is full of rampers and de-rampers but very good for stockwatch and graphs
Sabretoothedtigger is right about holding onto shares too long. Ok if you want divis from a pretty stable share but look what happened lately and I bet the high yield portfolio crowd on the fool board has gone quiet. They were all buying to hold forever. Many of their recommendations have lost 50% or more
The learning process is fun CPB and don`t forget that you are the best one to deal with your own financial decisions
Its like one big game of poker at the mo, knowing when to hold 'em and knowing when to fold them is either a great skill or a big chunk of luck.I started with nothing and I am proud to say I still have most of it left.0
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