risky buying / betting

catoutthebag

A close associate was telling me of the various tips sites he'd used to make a chunk of cash buying individual shares or betting on single events.

Have you done this and which sites have you used?

Good and bad experience welcome.

I've got a few hundred quid spare and if it could make me 4 figures then great. And if I lose it, I don't really mind. I think it would be an interesting experience / experiment. I'm fully aware of risks basically.

I know I'm asking the riskier punter on these forums. ..there's a handful, not many. Feel free to pm me if you don't wish to post publicly.

Thrugelmir

Go and have a good night out at the casino or a day at the races.

catoutthebag

Yea I know it's like that. But also not quite. I know there are experts on these fields, been and done the various courses and books, sharing tips online. Some are right and some are wrong.

But I feel I've a slightly better chance here in terms of understanding and predicting an event bases on the facts and figures and making some sort of educated guess, rather than rolling for black or red or whatever.

My normal risk level with my investment long term is 3-4 out of 6...6 being riskiest.

So I'm not playing with life savings here.

I've got a spare few hundred and fancy trying my luck full well knowing I could lose it ALL. I want to let rip and have fun on a few punts.

Thrugelmir

catoutthebag wrote: »

Yea I know it's like that. But also not quite. I know there are experts on these fields, been and done the various courses and books, sharing tips online.

Those so called experts make their money by selling suckers a dream. Nothing more.

jimjames

I was reading Rich dad, poor dad earlier. Interesting that the author said they did share tips. They then said for every 10, 2 made money 6 were even and 2 lost. For someone promoting using broker tips it didn't sound very promising.

george4064

Look at penny stocks on the OTC market.

mollycat

catoutthebag wrote: »

Yea I know it's like that. But also not quite. I know there are experts on these fields, been and done the various courses and books, sharing tips online. Some are right and some are wrong.

Took me ages to work out the old adage is 100% correct, "Winners never tip, tippers never win".

Anyone with a rock solid system or "edge" is going to use it to make money; if they're selling it to others it probably doesnt work.

Only advice i would give is stick to what you know.
Let your knowledge make you money.

I've been a football anorak all my days; usually make a good few quid to supplement my meager wages each week.

Hope that helps.:)

Pincher

Have a look at Reuters starring Edward G. Robinson if it gets repeated on day time TV.

He sent his cousin to Frankfurt, who sent him market moving news by pigeon. He could have traded on this information on the local corn exchange himself, but he realised other people would have cottoned on to what he was doing, and he can't stop them from copying. So, he created a club, and every time a message turned up, he would summon all the subscribing members into a barn, lock the door, announce the news, and then all the members leave at the same time.

This principle of everybody getting the information at the same time is still practised to this day. If you have a Reuters Terminal, it doesn't matter that you are in Tokyo, London or New York, you get the news at the same time.

The reason that some people get 15 minute delayed prices is because they are cheapskates who won't pay for real time. Reuters actually has a computer putting them in a queue, so they only get sent to the cheapskates when the time is up.

So, you can pay say £15,000 a year for real time news and prices, to Reuters, Bloomberg, etc. and it will give you an edge over the people who don't.

snowqueen555

Maybe a company in the AIM stock exchange might be what you're after, they are smaller companies, so high changes of gains and also losses in comparison to companies on the larger exchanges. I'd personally do my own research and pick something rather than listen to a tipster.

atush

The best way to make money on t he markets is to buy and hold long term. Drip feeding money in from income (instead of spending it).

Invest in collective funds that give a return which you reinvest.

colsten

catoutthebag wrote: »

I've got a few hundred quid spare and if it could make me 4 figures then great.

Easy to achieve virtually risk free if you can be bothered to work for it. Hop over to the Matched Betting board.