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It's now or never! Investing 100k

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MSforums
MSforums Posts: 17 Forumite
First Post
edited 28 February 2020 at 10:07PM in Savings & investments
Hello,
The stock market is down due to coronavirus. 
This is a short time response to a short term problem.
So, now is a good time to invest.
Buy low, sell high later on when coronavirus goes away and the markets bounce back.

Problem, I have no idea where to start.
What companies should I invest in?
I am new to investing.

Which websites should I use for investing?
What is the best strategy?

Comments

  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    The 'best strategy' is dependent on your approach to risk, about which we know nothing. You suddenly have £100K to invest, so for what term are you planning to hold these investments? Are you prepared to accept substantial short-term losses, should the market fall further?
    Obviously, you should use your full £20K ISA allowance for this year (and next, from 6/4). And put £4K of that in a LISA, if you qualify for one.
    No free lunch, and no free laptop ;)
  • ChesterDog
    ChesterDog Posts: 1,145 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    MSforums said:
    Hello,
    The stock market is down due to coronavirus. 
    This is a short time response to a short term problem.
    So, now is a good time to invest.
    Buy low, sell high later on when coronavirus goes away and the markets bounce back.

    Problem, I have no idea where to start.
    What companies should I invest in?
    I am new to investing.

    Which websites should I use for investing?
    What is the best strategy?
    All of your opening statements are speculative not certainties.

    Coronavirus is having a huge effect and was the trigger for the drop but is it the entire cause or are there other factors involved?

    How can one tell how long or short term the response of the market, or the underlying cause(s) are?

    Is now a good time to invest or is this the start of a long, drawnout decline. Or worse?

    Buy low, sell high - this  might be high compared to future values.
    I am one of the Dogs of the Index.
  • masonic
    masonic Posts: 27,356 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Market timing: what could possibly go wrong?
  • If you don't know what you are doing, you are best off buying a tracker fund rather than selecting individual shares.
  • kinger101
    kinger101 Posts: 6,573 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 29 February 2020 at 12:29PM
    OP is a bullsh1tter.  Check their other posts. 8 spam posts already.
    "Real knowledge is to know the extent of one's ignorance" - Confucius
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