Halifax Sharebuilder Account

The_Fiddler_2

Yant1 wrote: »

You have made a lot of assumptions without any real evidence. Your strategy in all probability wont make any money. Lets say a top performing penny share increases its value 20 times, but for everyone that makes it there are 100 that don't increase 6 fold to cover the sale cost. You have therefore lost 100 quid but made 15 quid.

Sounds like a clever trick to me.

Perhaps it won't make me any money, but I would only lose about £10-£20, I don't plan to invest any more than that.

As I said in post 4 it is only for a little fun

cheerfulcat

The Fiddler, penny shares are shares priced at less than £1, not literally 1 penny. Even if a few of those shares triple or quadruple in price, as has been pointed out, costs could wipe out any gains if you've only bought £1's worth. It's not really a viable money-making proposition.

If you are only looking for a bit of entertainment, why not open an account with an online bookie and have a flutter on the horses?

The_Fiddler_2

cheerfulcat wrote: »

The Fiddler, penny shares are shares priced at less than £1, not literally 1 penny. Even if a few of those shares triple or quadruple in price, as has been pointed out, costs could wipe out any gains if you've only bought £1's worth. It's not really a viable money-making proposition.

I realise not all shares are literally a penny, that was just an example (What about Microsoft - they started as penny shares )

If you are only looking for a bit of entertainment, why not open an account with an online bookie and have a flutter on the horses?

Cause I know even less about horses that I do about investing

[Deleted User]

Yes but they recapitalise on the way up to fund growth.

Chances of you finding a microsoft or coca cola are probably about 1 in 100,000 and even if you own say 4 shares in microsoft thats still only 100 quid, but youd lose 100,000 quid on the other companies you invested in that did nothing.

If you want to have fun in the stockmarket then set up a free login with digitallook.co.uk and play a virtual game.

The_Fiddler_2

Yant1 wrote: »

Yes but they recapitalise on the way up to fund growth.

Chances of you finding a microsoft or coca cola are probably about 1 in 100,000 and even if you own say 4 shares in microsoft thats still only 100 quid, but youd lose 100,000 quid on the other companies you invested in that did nothing.

True, but I won't be investing that much

If you want to have fun in the stockmarket then set up a free login with digitallook.co.uk and play a virtual game.

Thats not as much fun

cheerfulcat

The_Fiddler wrote: »

Cause I know even less about horses that I do about investing

That was sort of my point...and at least with the horses you only lose your stake, the bookie doesn't charge extra for placing the bet.

Anyway, I wouldn't want to stop anyone having some fun! Have a look at the Motley Fool boards here, here and here. Not all penny shares, but some ideas.

EDIT: you may find something of interest in these articles as well.

The_Fiddler_2

cheerfulcat wrote: »

That was sort of my point...and at least with the horses you only lose your stake, the bookie doesn't charge extra for placing the bet.

That is the point, I'm not being charged to place my "bet", so I would only loose my stake

Anyway, I wouldn't want to stop anyone having some fun! Have a look at the Motley Fool boards here, here and here. Not all penny shares, but some ideas.

EDIT: you may find something of interest in these articles as well.

Thanks, I'll take a look