A few questions on investing

soulman247

Hi I have a few questions,

1) How do I find the best investment ISA?-(bonds and shares) I have looked on websites but the information is complex and I want your help 2 learn about it

I want to invest in Verizon,Oil companys, Banks, Pharmaceuticals and I will put £400 into each

2) What's the best Share Dealing Account for this?

3) How do I know when the shares are cheap and a good price 2 sell?

I am a newbie any books, matrial, websites or newsletters I should sign up 2

agent69

soulman247 wrote: »

Hi I have a few questions,

1) How do I find the best investment ISA?-(bonds and shares) I have looked on websites but the information is complex and I want your help 2 learn about it

I want to invest in Verizon,Oil companys, Banks, Pharmaceuticals and I will put £400 into each

2) What's the best Share Dealing Account for this?

3) How do I know when the shares are cheap and a good price 2 sell?

I am a newbie any books, matrial, websites or newsletters I should sign up 2

If you are new to stocks and shares, then I recomend you see an IFA. They don't work for free, but they will help you with items 1 and 2.

Regarding item 3, nobody knows, but there are a lot of well paid people who like to guess with other people's money.

Trentenders

agent69 wrote: »

If you are new to stocks and shares, then I recomend you see an IFA. They don't work for free, but they will help you with items 1 and 2.

Regarding item 3, nobody knows, but there are a lot of well paid people who like to guess with other people's money.

At such low levels (4 x £400?), I wouldn't suggest an IFA. Tading charges will be a big concern, so explore ways to keep these down. The sharebuilder service on iii.co.uk for example may be an option worthy of consideration.

As for good research sites, try foo.co.uk and monevator.com. Don't rush into anything until you are comfortable with what your options are and what you need to be aware of. If unsure, keep posting questions on here.

Good luck

jimjames

£400 each into individual companies when you have to ask the basics is definitely not a good idea.

There is no such thing as the best ISA, it depends on the funds or shares and what you want to get from it. Some providers are best for funds, others for shares.

If it was easy to know when things were cheap and when to sell then I don't think we'd be here and the investment professionals would be out of a job. There isn't any way of knowing for sure but sell when you've made a profit or thing the share will go down more may work.

I'd suggest that until you master the basics and build up a decent lump sum it would be best to stick to funds rather than shares.

BLB53

1) How do I find the best investment ISA?-(bonds and shares) I have looked on websites but the information is complex and I want your help 2 learn about it

I want to invest in Verizon,Oil companys, Banks, Pharmaceuticals and I will put £400 into each

2) What's the best Share Dealing Account for this?

If you register with Interactive Investor, you can research all the shares you are interested in. When you are ready to trade I suggest you make use of the portfolio builder which reduces the normal fee from £10 to £1.50 so more economical. Verizon is a US company and I think ii are one of the cheapest brokers to buy overseas shares.

3) How do I know when the shares are cheap and a good price 2 sell?

Nobody can know this with any certainty so the best strategy is to drip feed your money into the markets over time to smooth out the highs and lows. Be prepared for volatility!

I am a newbie any books, matrial, websites or newsletters I should sign up 2

Monevator has some very good articles on investing. Also worth having a look at Motley Fool dicussion boards and articles. Also a good ebook for beginners to investing is 'Slow & Steady Steps...' by J Hulton which was recommended by Monevator last month.

Good luck!

Totton

My advice would be this - put the £400 a month into a savings account whilst you run a mock portfolio by using the free Morningstar (http://www.morningstar.co.uk/uk/default.aspx?lang=en-GB) or Trustnet (http://www.trustnet.com/) options under 'Portfolio'.

I would do this for at least 6 months.

Then open an account with an online fund supermarket such as -
Hargreaves Lansdown http://www.hl.co.uk/
Interactive Investor http://www.iii.co.uk/
BestInvest http://www.bestinvest.co.uk/index.aspx
Fidelity https://www.fidelity.co.uk/investor/

etc, etc.

A good website to visit is Motley Fool http://www.fool.co.uk/

Books to read, there are many but I would recommend Smarter Investing by Tim Hale, try the library or here at Amazon

Finally,
Best of Luck!

SailorSam

There was a guy talking on Moneybox earlier about a free Ebook he had written with tips and the perils of share dealing. I've not read it yet but you can see and download it here ....
Monkey with a Pin | The investing book by Pete Comley

henrie

bit risky investing money at the moment in shares, unless you are loaded!

Glen_Clark

soulman247 wrote: »

3) How do I know when the shares are cheap and a good price 2 sell?

Any financial adviser who knew that would be the richest man in the world. They would have no interest in you as a customer.

IronWolf

If you want to invest in individual shares you need to first do a lot of reading, and then do a lot of research into individual companies.

Its not quick and its not easy, and theres no guarantee you'll be any good at it. I would start by reading the Intelligent Investor by Ben Graham.

If you dont want to do the work then read Tim Hales book and just stick to tracker funds.

Glen_Clark

IronWolf wrote: »

If you want to invest in individual shares you need to first do a lot of reading, and then do a lot of research into individual companies.

Its not quick and its not easy, and theres no guarantee you'll be any good at it. I would start by reading the Intelligent Investor by Ben Graham.

If you dont want to do the work then read Tim Hales book and just stick to tracker funds.

Alternatively just pick FTSE shares at random. By the law of averages, you will do better than the average professionally managed fund.