Google stocks

acece

A friend of mine gave me £5000 and asked me to invest it for him. He very well knows that I have no idea about investments but asked me to do my best.

So I was thinking, since Google seem to be always going forward; Shall I buy Google stocks? I know it's not risk free but the risk could be lower than some other companies.

P.s: I hope I posted in the right forum.

flexrider

Rather put my money in brick and morter business but its better to tell your friend to see a fininicial advisor rather then take the plunge find out the right investments what could produce a risk of income and look up the terms of invesmentment return also and what the min.return would be or how it works

foxwales

Google stocks have recently fallen below the 600 mark because of the oil turmoil hitting all markets, so now is an ideal time to buy if Google is the stock you want to invest in.

I would seek independent financial advice though as you are investing on behalf of someone else.

Ximian

Sounds like a good way to end a friendship
Not sure if I'd want to invest on a friend's behalf. How about an ISA, or tracker? What is your friend's attitude to risk?

alanq

Why is your friend asking you to invest the money rather than seeking you help in choosing an investment? Are you being asked to invest it in your name on friend's behalf? If so then there are all sorts of implications. I am unaware how you can invest on someone else's behalf in their name unless you have power of attorney.

I wouldn't choose an investment on behalf of someone else. I would not invest a significant proportion of my own cash in any one company. As a US company Google will pay dividends (when it pays them at all) in dollars and you will have to deal with the US taxman. The £ share value will vary with the £/$ exchange rate.

jimjames

Even without knowing what other investments your friend has I think giving money to be invested in a single share is a disaster waiting to happen.

The risks of a single UK share are high, the risk of an overseas one is even higher along with the costs of buying and holding it.

If you are seriously considering doing this then apart from the legal aspects I would suggest either savings account or a fund based ISA would be a far less risky bet.

acece

Thanks for all the insights,
I will consider them all

Ark_Welder

Bit of a rambling, spambling post there.

Flag it, get rid of it...

:spam::spam::spam:

Three spams and you're out!

[edit] P.S. This was for the 95invention post..!

Reaper

The same text can be found on numerous other forums. The poster has been busy.

However I applaud 95invention for his entry for the maddest post in MSE history here:
https://forums.moneysavingexpert.com/discussion/3401583

Apparently the financial crash was God's plan. He intended it lead to a world war that would kill 2 billion - but don't worry it would only be the unemployed and prostitutes who would die and it would mean more food and less pollution for the murderous survivors. But Obama messed up God's plan with his financial stimulus. Naughty Obama.

Ark_Welder

Reaper wrote: »

Naughty Obama.

Ahhh! Now I understand. 95invention thinks Obama needs a spamking, so he has become one.

almondsalty

Google has a very good core, it's the most easy to use search engine and most well known in my opinion. Bing can't touch it, the way it's going. This is the platform for its online ads business and drives a lot of money, and its near number one for online ads on other websites. Yahoo etc have all dealt their hands, and I don't see them toppling Google any time soon at its core area.

There was probably a better time to invest in Google and that was in June, but they posted some good results recently and even now their valuation is hovering near its peak for the year.

Wouldn't say it was a Good time to invest in Google now, would say it is an OK time to invest in them.