New to Investing

waynee

Hello everyone I have just joined this forum I have circ 5k to invest, I have shares already in a large FTSE 250 company which I get dividends, and is doing well I am mortgage free and so can make regular monthly top ups. Any financial advice is welcomed.
Thanks in advance.

MaxiRobriguez

waynee wrote: »

Hello everyone I have just joined this forum I have circ 5k to invest, I have shares already in a large FTSE 250 company which I get dividends, and is doing well I am mortgage free and so can make regular monthly top ups. Any financial advice is welcomed.
Thanks in advance.

£5k isn't a massive sum so you're probably best just buying one global index fund and being done with it in order to limit costs.

What's the FTSE250 company you're in, and how much?

Thrugelmir

What do intend to do with the money that you invest?

Eco_Miser

Have a read on Monevator, starting with the article linked to, but explore the site.

waynee

MaxiRobriguez wrote: »

£5k isn't a massive sum so you're probably best just buying one global index fund and being done with it in order to limit costs.

What's the FTSE250 company you're in, and how much?

I have over 1000 shares in Travis Perkins TPK

waynee

Thrugelmir wrote: »

What do intend to do with the money that you invest?

Hopefully generate more money than an ISA or savings account.

Thrugelmir

waynee wrote: »

Hopefully generate more money than an ISA or savings account.

For retirement, house purchase, etc etc?

[Deleted User]

MaxiRobriguez wrote: »

£5k isn't a massive sum so you're probably best just buying one global index fund and being done with it in order to limit cost.

Max, at Cornell University they have an incredible piece of scientific equipment known as the tunneling electron microscope. Now, this microscope is so powerful that by firing electrons you can actually see images of the atom, the infinitesimally minute building blocks of our universe. Max, if I were using that microscope right now, I still wouldn't be able to locate the merit in your recommendation.

This a guy with a career and a house, he's calling out because he wants to learn about investing.

What products do you like? Disney, Apple, Microsoft? Stick your money into one and review in 2022. Don't worry about the entry price, the mkt will ensure it is correct. Collect dividends and see how it compares overall, and with your larger Travis Perkins holding.
What you do then is very important: Like having two children, when you have two investments, the easier strategy is to imagine the weaker will "catch up". Don't succumb to that notion. Back the winner.

What can he possibly learn from putting £5 in a thousand different stocks under a fund?

MaxiRobriguez

ZingPowZing wrote: »

Max, at Cornell University they have an incredible piece of scientific equipment known as the tunneling electron microscope. Now, this microscope is so powerful that by firing electrons you can actually see images of the atom, the infinitesimally minute building blocks of our universe. Max, if I were using that microscope right now, I still wouldn't be able to locate the merit in your recommendation.

This a guy with a career and a house, he's calling out because he wants to learn about investing.

What products do you like? Disney, Apple, Microsoft? Stick your money into one and review in 2022. Don't worry about the entry price, the mkt will ensure it is correct. Collect dividends and see how it compares overall, and with your larger Travis Perkins holding.
What you do then is very important: Like having two children, when you have two investments, the easier strategy is to imagine the weaker will "catch up". Don't succumb to that notion. Back the winner.

What can he possibly learn from putting £5 in a thousand different stocks under a fund?

For starters: Investing 101, Diversification chapter.

Your "just invest in the current market leader" has been debunked on other threads before, filed under the 'Exxon' chapter.

[Deleted User]

MaxiRobriguez wrote: »

For starters: Investing 101, Diversification chapter.

Your "just invest in the current market leader" has been debunked on other threads before, filed under the 'Exxon' chapter.

I would never advocate that, Max, except to show how easy it is to out-perform the vaunted favourite funds of the forum.

pip895

waynee wrote: »

Hopefully generate more money than an ISA or savings account.

I wonder if you fully understand ISA's. They are wrappers not investments in themselves - you nearly always generate more money in an ISA than outside one because the government doesn't take a slice out of your proffits!