Newbie thinking about getting into shares.

Lokolo

psychic_teabag wrote: »

h-l is Hargreaves-Lansdown - a discounting ISA / SIPP provider. They're considered good for funds, but less good for shares (relatively high trading costs plus annual fee). I get the impression some people seem to consider them a triumph of marketing over content - if they get hold of your address, they do tend to inundate you with brochures and stuff.

http://www.h-l.co.uk/

Thats an understatement !

Nikel

Perhaps you could go into a casino and put it all on red.

Pocketsaver

Nikel wrote: »

Perhaps you could go into a casino and put it all on red.

Been there, done that, and lost - twice!

smeagold

buy silver. the real physical stuff. its going much higher.

Pocketsaver

I've got some silver and gold already. Plus, isn't silver already out of the dip? It's over $30.

liam1989

ive also recently thought about doing a bit of share dealing, however looking and reading further into it i.e. on the internet, speaking to people who actually do it on a regular basis, and on here, i think i may give it a miss. seems to risky and i would only do it if i had sufficient amount of funds. it wouldnt really affect me if i lost a sum of money doing shares.

Ifts

Pocketsaver wrote: »

2) Posts I have been reading here have mentioned a website by the name of 'h-l' (name currently escapes me). What is this?

http://www.h-l.co.uk/ According to other posters on here they are good value for holding and trading funds but less competitive if you use them for trading shares.

Accountants Peter Hargreaves and Stephen Lansdown started an investment advisory business from a spare bedroom in Bristol in 1981, in 2007 they floated the company on the stock market valuing the company at around £1bn. Today the company is valued at over £2.7bn with total assets under administration at £22.3bn.

Interesting article posted on the Motley Fool Website about the rise of Hargreaves Lansdown: http://www.fool.co.uk/news/investing/company-comment/2011/02/10/too-rich-for-me.aspx

Ifts

liam1989 wrote: »

ive also recently thought about doing a bit of share dealing, however looking and reading further into it i.e. on the internet, speaking to people who actually do it on a regular basis, and on here, i think i may give it a miss. seems to risky and i would only do it if i had sufficient amount of funds. it wouldnt really affect me if i lost a sum of money doing shares.

You could always have a practice without committing real money

Heres the link for the Share Centre: Practice trading shares with FREE practice account, you will have to register but its free.
Once you have registered you will have access to advice to help you get started and research tools so you can learn more about the market.

Pocketsaver

I decided to dive into shares (went with SVS). However, there was one thing I had no preparation for that wiped £700 from my balance - Day traders. I researched a company (VAL) I liked and was happy at their potential and what they had so far achieved. What I didn't gamble on was the existence of day traders (what a horrible lot). It seemed I had put my money into this company at a time when their buying had pushed the share price to its peak, and when I went in, they began selling! Needless to say, I was devastated at my loss in a little less than an hour ( I expected the sp to drop a little to consolidate, but nothing like this). I took my money out of the company and have now put it into another company I think has a lot of potential - CDC.
I now use iii's bb to see whether there are day traders. Shareprice is now closely followed to see if there has been a boom (to indicate an inevitable drop following it).

I hope others learn from this.


Also, for fellow SVS clients - I asked them via email whether or not they were going to going to open a S&S ISA, and their answer was that there would be one available in the very near future!

sabretoothtigger

Scale into share positions if possible. You will learn more, price spiking up and down is normal especially in a company worth less then a billion, it doesnt mean the purchase was bad.
It will get more clear with experience and obviously in retrospect

Either use sharebuilder or start with unit trusts