Any broker recommendations?

bigadaj

So Jim, to trawl up an old quote, where are the customers yachts?

grey_gym_sock

advice from brokers should be regarded as completely worthless. for investments, either get advice from an IFA, or do your own research. most published opinions on investing are worthless chatter (and that's just when there's no ulterior motive!).

there is no need to keep up with all the latest goose news. you can just buy a tracker - then you own the same tiny % share in every goose, so you don't care which 1 does well.

bluesnake

Forgot all about trackers:embarasse

Investing however is. Despite the FTSE still being below the peak value in 1999, if you'd invested in a boring tracker you'd be over 60% up due to compounded dividends. Holding funds for 15 years through thick and thin, crash and boom can make you money.

That is not a good rate, prefer the infrequent yearly phone call.

Linton

bigadaj wrote: »

So Jim, to trawl up an old quote, where are the customers yachts?

My narrowboat is moored at a local marina!

bluesnake wrote: »

Forgot all about trackers:embarasse

That is not a good rate, prefer the infrequent yearly phone call.

A FTSE Allshare tracker increased by around 120% over the past 10 years - an average of just under 8%/year. And with care it could all be tax free.

Plus you can always sell a few shares/units should you need some money. You cant sell off a bit of a house.

grey_gym_sock

bluesnake wrote: »

That is not a good rate, prefer the infrequent yearly phone call.

no, it's not, but that was an example of picking the worst possible time to buy into the stock market. to show that, even if you pick the worst time, you can still make money eventually.

with both shares and property, getting your timing right or wrong can make a huge difference to your returns.

bigadaj

bluesnake wrote: »

Forgot all about trackers:embarasse

That is not a good rate, prefer the infrequent yearly phone call.

Yes but as it others have said that's like buying a. Buy to let at the peak of the market. Also with equities most people will be drip feeding money, either monthly or annually, whereas you can't buy a property in stages, it's all or nothing.

Glen_Clark

dunstonh wrote: »

very difficult task of losing money over 7 years .

not at all difficult if they are trading so its going in charges. I can remember reading newspaper articles about sensible people who gave up sensible jobs to day trade in shares from home.

Darkblue

Just to clear things up - I would use an execution only broker, I am not seeking advice on what shares to buy but rather a decent broker whom people have used and are happy with.

Picking which shares to buy is a different game, and on that note, does anyone here have any experience with Share Watch?

Ifts

Darkblue wrote: »

I would use an execution only broker

I use http://www.x-o.co.uk/ and I am happy with the service they provide.

jimjames

bigadaj wrote: »

Yes but as it others have said that's like buying a. Buy to let at the peak of the market. Also with equities most people will be drip feeding money, either monthly or annually, whereas you can't buy a property in stages, it's all or nothing.

And equally can't sell in stages or quickly either.

If I want to sell some funds I can today and have the money in my account in a few days. You can't do that with a property.