500 to spend on shares...

sparkychris

Morning team!

Every now and then, i like to take a punt on shares and now is the time to have another stab!

I admit to knowing nothing about what's hot and what's not and have had the advice in the past saying because of this my money would be safer elsewhere, etc- and i was pilloried slightly for my decision to buy a gold coin.

(But i bought it anyway and i love it!)

Today, I will put 500 in my fund for boring safeness but will also put 500 on some shares for exciting fun-ness so my question to you wise folk of mse is... rather predictably...

If you had to put 500 of your own pounds on some shares, and despite you knowing that that 500 would be better invested elsewhere, what shares would you buy?

GO!

Pincher

Do it outside an ISA, so you can carry forward the loss.

Something on AIM?

sparkychris

Pincher wrote: »

Do it outside an ISA, so you can carry forward the loss.

Something on AIM?

Just so we understand where I am...

I dont understand this post!

Pincher

AIM = Alternative Investment Market.

Think the bar where Han Solo met Obi Wan Kenobi.
Wild Wild West.

Since you are bound to lose money, you should at least keep the capital loss to off set against future gains.

sparkychris

Pincher wrote: »

AIM = Alternative Investment Market.

Think the bar where Han Solo met Obi Wan Kenobi.
Wild Wild West.

Since you are bound to lose money, you should at least keep the capital loss to off set against future gains.

Thats a bit negative! My share dealing account is about 11 per cent up, which im quite pleased with...

Only two of my punts are in the red- one of which completely bombed but i hedged my bets as it was a long shot so just put 250 in- the other is tesco which I'm hoping will recover at some point in my lifetime. I bought when they were super low (But not low enough!)

ChesterDog

Just give the £500 to me.

There is a slim chance that I might give you £1000 back.

There's a greater chance you will never see it again.

But as long as you understand the risk, it could be fun.

P.S. The notion of being 'pilloried slightly' is delightfully British. :-)

P.P.S. Like it or not, money is terribly important. Please don't throw it away. You are potentially losing £50 per year for the rest of your life with that £500.

If you really must do that, try SOS Children's Villages.

marvin

Nothing wrong with having a gamble provided it is money you will not miss if you lose it.

Always hard to pin some things down and to find value may be worth having a peek at this thread on Imutual

http://www.imutual.co.uk/forum/viewtopic.php?f=23&t=64196&sid=b8e4ffa9787ed28abdc3c613f7e0da63

It is research done by the investment club on there (I am a member and use the money made from daily click to invest in it no other monies)

It is at least a place to start

Pincher

sparkychris wrote: »

Thats a bit negative! My share dealing account is about 11 per cent up, which im quite pleased with...

Carry the loss forward allows you to use it to reduce tax on other gains. That means you are assuming you will make money overall: which is a bit positive, don't you think?

sparkychris

marvin wrote: »

Nothing wrong with having a gamble provided it is money you will not miss if you lose it.

Always hard to pin some things down and to find value may be worth having a peek at this thread on Imutual

http://www.imutual.co.uk/forum/viewtopic.php?f=23&t=64196&sid=b8e4ffa9787ed28abdc3c613f7e0da63

It is research done by the investment club on there (I am a member and use the money made from daily click to invest in it no other monies)



It is at least a place to start

Perfect! Thanks marvin... I'll have a read of that after I've spent the day trudging through mud. Just had a skim over the first couple of pages- looks rather interesting!

sparkychris

Pincher wrote: »

Carry the loss forward allows you to use it to reduce tax on other gains. That means you are assuming you will make money overall: which is a bit positive, don't you think?

Yep! You say that like its a bad thing! (Have you had your breakfast yet?!)

Going back to the OP, If you were to be issued 500 quids worth of free shares, what would you like to be gifted?

Feel free to not contribute!

slowpoke_rodriguez

Pincher wrote: »

Carry the loss forward allows you to use it to reduce tax on other gains. That means you are assuming you will make money overall: which is a bit positive, don't you think?

Vanguard 50;50 more your bag?