Stocks and Shares ISA continues to drop value - should I do anything?

eskbanker

Covetous_Jew wrote: »

would you mind sharing which magazines/newspapers/website give the best tips for picking shares? This is a first time I am considering investing since from the begining of 2017 interest rates will be dramatically reduced due to cut in Bank of England rate. Any advice would be greatly appreciated.

Unfortunately with a lack of grasp of financial reality like that then investing in shares would be a huge gamble, more so than for most, so my advice would be to steer clear. Spend time on this site reading the threads about first-time investing, the importance of a readily-accessible emergency fund and the dangers of individual shares versus sensible diversification, and also try sites like Monevator for rounded guidance rather than looking for get-rich-quick hot tips!

dunstonh

would you mind sharing which magazines/newspapers/website give the best tips for picking shares?

That is the worst way to buy shares.

This is a first time I am considering investing since from the begining of 2017 interest rates will be dramatically reduced due to cut in Bank of England rate.

As a new investor, why do you think that investing directly in shares is the best option for you? Why not more conventional options like funds?