How to start on stock market?

Kayalana99

Hiya guys,

Sorry to be blunt but not looking for advice on *if* I should be going on the stock market etc etc want to actally do it not virtual fake money either.

Basicly got some spare cash so just looking to get started on it, so if in future I have the funds I will hopefully know what im doing abit more!

Is thier a website that you can basicly see all stocks you buy, generally cheap to buy (as I understand it most places you pay a one off fee but since this is small scale buying to start with would *hopefully* be able to find a decent priced one)

I don't want to have to deal with stock brokers etc would rather just keep it all simple for now..if possible lol.

Kayalana99

Should of posted this in savings and investment thread really...already found some good advice on thier if a mod sees please move for me :-)

Thanks.

Tiglath

I'm fairly new to investing, and have a S&S ISA with Hargreaves Lansdown - there's lots of reading material on their website, although of course some of it is geared to their own services:

http://www.hl.co.uk/

Monevator is also good:

http://monevator.com/

Sparhawke

I am not going to tell you not to do it, but first i would read up all you can on it and look for upcoming trends rather than throwing your money in anything, including funds and ISAs where someone manages your money for you.

If you go that route you have no control on where your money goes and I find that it more than likely ends up in stocks which give the managers all the benefits and you all the risk.

It is not surprising to find that there are more mutual funds than actual stocks to invest in so if you "diversify" in 10 different funds you will still end up in the same stocks as everyone else more than likely.

I will give you a free tip, look at the political scene from time to time, that will give you an idea of what is coming, fracking for instance

I would go with fool, they may be a little more costly than some, cheaper than others but they have been going for a long time and as such are not set up last week and could disappear.

http://en.wikipedia.org/wiki/The_Motley_Fool
http://www.fool.co.uk/fool/free-report/sharedealing/home-154203.aspx

Kayalana99

Thank you, I'm sorry if this is such a basic question but when they say £10 'per trade' does that mean you could potentially buy 100 shares for £10 in one go or 1000 shares in one go for £10 as well?

Sparhawke

Yes, thats correct as far as I understand it, which is better than a traditional stockbroker where they take a percentage, while obviously it is better to buy more of them to keep your costs down if you are only buying small amounts you might as well see what is more cost effective, even if that means asking a stockbroker for their advice if it is cheaper to do it that way lol

Kayalana99

Thanks for help :-) Just want to get myself set up really so I can see what its about, perhaps just put a little money in to get the feel of it untill I can actally invest a good amount + do the research behind it.

I suppose £20 would be nothing really when your buying £1000's worth in one go!

Sparhawke

If I were you I would hold off putting thousands in all at one time, I would start off with maybe £50 per week/month and keep building it up, maybe one time in a start up graphene company, the next in fracking...that way it is not too much of a burn if it doesn't perform at all, you will be able to see its performance over the space of a short while and you an then see if there is any return; besides, it is likely you will not see any appreciable difference for several years anyway

Rom_london

hi there OP, definitely turn t a blog or advisory website but before you put your money on the line make sure you check the earnings of the blog - are their punts paying off?!

Good luck! R

katherinejones24

I have always been fascinated and interested with stock market. I just do not have people to help me get into it. Hope this forum can help people like us

droopsnoot

As Kayalana mentioned, have a look in 'Savings and Investments' for more threads on this kind of thing.