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Making big and quick money on stocks and shares.
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Remember that fund managers do this for a living (admittedly with restraints on what they can and can't do with other people's money) and there's very few of them that consistantly and persistently beat the market's performance.
And generally the ones that do outperform are doing so over years or decades not minutes or daysRemember the saying: if it looks too good to be true it almost certainly is.0 -
Startup1985 wrote: »Plan B is to hold them until they eventually do rise again (if they do). As said this is spare cash so I won't miss it too much but would love to grow the pot. I don't mind holding the shares longer term if there is a drop with the hope of thins turning around but if the future looks dire I will offload and retry with others, hopefully once I build a bit up even a loss on one particular share will not take me below my starting point.
That's not good investing. You are better off running your profits further and cutting your losses. Sounds as if you've a lot to learn.
New kids on the block always think that something has never been tried before. Give it a go and see how you do.0 -
How do you know what a good price to sell at is?
If a share you own goes up 10% do you sell because it's gone up 10%, or do you keep hold of it because it could go higher?
Similarly how much does it have to drop before you cut your losses? Would you ride it all the way down to zero?
There's nothing wrong with trading in the way you describe, but you need to understand yourself and the way you evaluate risk to stand any hope of doing a reasonable job of it. Even then it's a tough old world out there!0 -
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Making big and quick money on stocks and shares.
Spread-betting, options, swaps, CFDs, forex and other derivative-based instruments are realistically the only way of making quick money from the 'markets', but they're also very good at allowing you to lose a huge amount of money very, very quickly.
Echo all other comments so far- You're talking about gambling, not investing.0 -
Startup1985 wrote: »I just wondered if anyone here uses the strategy of holding shares for really short periods of time until a profit is made then sells up and moved onto the next one?
12% and sometimes higher is the raw interest rate available from some of the more interesting P2P places.
Higher is available for some loans and on some platforms you can try to sell loans at a profit to generate a higher overall income. To maximise the potential for this look for platforms that very frequently have lots of new loans available and which allow selling at a price above par (purchase price).
If you want excitement you might want to consider Bondora, which I normally recommend against. There is potential there to make money from selling loans at a profit. You must use Euros to invest there and they accept money from Transferwise to invest.
Do not use Bondora if you just want to invest and leave the money. Higher and/or safer returns are currently available from other places unless you intend to try to use the secondary market profitably.0 -
It's much more boring but surely the high chance of getting 12% and perhaps up to 30-50% or more from P2P lending beats what you're doing, since the returns are there with minimal prospect of the sort of losses you might see in your current plan?
A recent timely reminder.Schadenfreude is rarely attractive, but bankers could be forgiven a chuckle this week as an upstart rival in the online lending industry took a tumble.
Lending Club, a leading light in the peer-to-peer (P2P) finance industry in the US, sacked its chief executive amid revelations that its loans are not necessarily all they are cracked up to be.0 -
Thrugelmir wrote: »A recent timely reminder.
Where's that quote from thrug, it looks laughably amateur.
A bloke has been sacked at a small start up firm apparently, when their loans are 'not they are all cracked up to be' - is that poor quality, non existent or what?
That sort of terminology is just a nudge and a wink, couched in terms that hopefully avoid libel cases without having to provide any substantive information.0 -
I suppose this is the classic media misrepresentation that people can make lots of money easily without working that hard for it. Reality is, you can't.0
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lawriejones1 wrote: »I suppose this is the classic media misrepresentation that people can make lots of money easily without working that hard for it. Reality is, you can't.
What like Facebook and Google?
Don't see too many Goldman Sachs bankers sweating either?0
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