Total share buying novice

fussypants

Hi,

I am a total novice to share buying, but my instinct says that shares will be a good buy at the moment with the political uncertainty. Should I go for it now, or wait and see if they drop further??

Any advice, (non-specific obviously), would be gratefully received!

Thanks!

Nosht

Just make sure that you can afford to lose the money, it's a gamble.

N.

C_Mababejive

If it were only so clear. Yes you can get your fingers burned. Unless you are trading big volumes then day trades arent really an option i.e buy/sell on the same day to realise profit.

Market is currently heading downhill fast so theoretically a good time to buy.

as i say,you need to trade high volumes to make big profits.

MacsReturns

Any advice, (non-specific obviously), would be gratefully received!

Same advice I'd give to most questions:
1) know your goals (ie be sure why you want to invest in shares)
2) understand the risks
3) listen to advice, but do your own research

I think it might be a good buying opportunity, but that said, I'm still in the research stage myself :cool:

shrewsaver

Just to show,

I am a sort of newbie to sharedealing and decided to buy some Rockhopper shares at the beginning of this year at 68p and today they closed at £1.45 each so so far I have made a 112% profit so some things can come good, this has more than made up for some losses I have made earlier.

As from my example above too, some shares are bucking the trend especially this week as many shares seem to have gone down especially with this "hung parliament" and the crisis in Greece but Rockhopper has nearly trebled in price. It was up signig=ficantly at 2pm at 98p and then at close, as above, at £1.45.

So if you do look to put into shares invest wisely and don't put all your eggs in one basket, oh and look at doing it within an isa wrapper.

sabretoothtigger

so far I have made a 112% profit

There is no profit till they are sold really , anything that goes up quick can do the same in reverse unfortunately.
What made you think of buying rockhopper, I had never heard of them till today

Alot of shares traded in london have no connection to the uk beyond some administration so it makes sense for them to carry on. The value of sterling will have an effect though (and general liquidity, if everyone goes broke, etc )

UPDATE 1-Rockhopper says Falklands oil find high quality
Fri, 7th May 2010 16:38

http://www.lse.co.uk/FinanceNews.asp?shareprice=&ArticleCode=hzs1x6w2z17okl5&ArticleHeadline=UPDATE_1Rockhopper_says_Falklands_oil_find_high_quality

Jake'sGran

MacsReturns wrote: »

Same advice I'd give to most questions:
1) know your goals (ie be sure why you want to invest in shares)
2) understand the risks
3) listen to advice, but do your own research

I think it might be a good buying opportunity, but that said, I'm still in the research stage myself :cool:

I have been doing research all week for cash resulting from a Jupiter Income ISA transfer. Last summer I did something similar and two of the funds have done well i.e. £705 on £2k and £313 on an £800 investment, but no research would have told me that BP would soon be liable for a massive compensation claim. BP was the last share I bought! I tend not to take profits but do sell when it looks like I made a bad choice.

Fussypants, I would just suggest that you start small with a few hundred pounds in recommended shares. I do this via The Share Centre where it's cheap to buy. There are lots of tips on many sites.

ghostbusters

from my perspective...
1) dont play with money that you cant afford to lose.
2) remember the affect of commisions
3) is it speculation or investment? mostly nowadays I think speculation..
4) never believe your are cleverer than anyone else
5) take losses and dont regret them

fussypants

Jake'sGran wrote: »

I have been doing research all week for cash resulting from a Jupiter Income ISA transfer. Last summer I did something similar and two of the funds have done well i.e. £705 on £2k and £313 on an £800 investment, but no research would have told me that BP would soon be liable for a massive compensation claim. BP was the last share I bought! I tend not to take profits but do sell when it looks like I made a bad choice.

Fussypants, I would just suggest that you start small with a few hundred pounds in recommended shares. I do this via The Share Centre where it's cheap to buy. There are lots of tips on many sites.

Thanks, good advice...I had a stock market linked investment, through an adviser. It came through brilliantly for me and this is the profit I'm looking to re-invest, so
1) Can afford to lose it
2) I'm self employed so can do research fairly easily
3) Can watch the market on the day to buy low
I wouldn't mind another stock market linked bond or such IE: Linked to rises in FTSE, but it seems I need a broker for that??

Jake'sGran

If you fancy taking a chance have a look at Asia funds. Also India, China and South America. You can see who is best in any particular field by having a look on Trustnet, iii etc., The First State India fund has made great gains. I have never fancied the bonds linked to the FTSE

shaun_from_Africa

What made you think of buying rockhopper, I had never heard of them till today

Maybe the same as me.
Rockhopper were one of the sharetips in the Mail on Sunday financial section late last year. (tipped when they were 54p).
I bought some then, some more a couple of months ago at 72p, and when I heard about the oil discovery on Thursday, I got a load more at 83p.

My total investment was £12000, and I sold yesterday for about £22,000.
If only share dealing was always so easy!!