Cryptocurrency Vs Stocks and Shares - LOW BUDGET

Arsenal2019

tebbins said:

Arsenal2019 said:

Deleted_User said:

Arsenal2019 said:

the end goal is to Hopefuly sell either the shares or crypto in a couple years as I intend to make money that way. Obviously easier said than done, but I joke with what I invest/gamble in, the value of that increases and when it does, I would like to sell what I have!

I'm not sure I'm understanding this right, but are you saying that this money is just for a bit of fun, and if it increases you might do something random with it (e.g. an extra holiday), but if you lost the lot that wouldn't be a disaster?

Because if that's on the right lines, then while it's fine to have a bit of "fun money", we should probably be asking if you've covered the serious things first (i.e. financial planning for retirement, and in case you become too ill to work, or lose your job, or it becomes so intolerable you'd like to walk out, etc).

Investing can be an important part of planning for the "serious things" (though it's best to start with building up some cash savings and paying off expensive debt). But that's done in a longer-term way, i.e. over 10+ years - you don't just sell if there's a quick increase in value. So if your question is really about "serious" investing, and perhaps you have the idea that investing needs to be approached as "investing/gambling", then you may be looking at investing the wrong way.

In short: what are you actually trying to do?

I’ve given it thought and no, I’d like to use for actual investing. I have a good pension at the minute, in fact one of the best around
How do you know this?
and so does my partner- so that side of things is covered (both mid 20’s). Along with a good sum of money in premium bonds

id Like to invest in stocks and stay there for
the long run. But either invest low amounts each month or to just save up that amount and then invest all of that when it comes to a bigger figure

what Apps do you guys suggest? Ideally with lower fees? Ones that stick out to me are either eToro or Freetrade ?

Etoro and freetrade are, as the name and ads suggests, more to do with trading.

The website has an article on stocks & shares ISAs: https://www.moneysavingexpert.com/savings/stocks-shares-isas/

Also see: https://monevator.com/dont-wait-to-open-your-stocks-and-shares-isa/

The beginner articles on monevator are a decent resource too
https://www.google.com/search?q=monevator+beginner&client=ms-android-google&sourceid=chrome-mobile&ie=UTF-8&inm=vs

As is Lars Kroijer's investing demystified series:

The easiest and most beginner friendly way, other than robo- platforms like Nutmeg is probably via a fund-of-funds: https://monevator.com/passive-fund-of-funds-the-rivals

Or a simple global tracker: https://monevator.com/best-global-tracker-funds/

Thank you

Hexane

daz378 said:

I'm investing similiar into a stocks and shares     put  400 in to start and putting  in 10 pw with a bit extra from rounding up.. it's called moneybox   been told  its fees  are quite high  but there are similar  apps...but ill  be investing for at least 5...10 years    as I build up to pension age...but aware that stocks can go down....I do have lgps  ..so will be hoping  it rises long term

yes absolutely, if you are 5 to 10 years away from pension age then cryptocurrency is definitely the right place to put your money. Whoever gave you the info about the fees being "quite high", they sound really knowledgeable so they could maybe advise you on where to invest.

I am watching the KEISER REPORT right now and he is very positive about the long-term prospects for bitcoin! So maybe that's the way to go. He says anyone deflecting away from runaway inflation and the need to deal with it through cryptocurrency, is engaging in pretzel philosophy. He also mentions the delayed treadmill and the undermining and destruction of language. The nice lady that was on the TV show with him said it was the "Red Queen syndrome." I found all this very convincing, defo worth checking out. They also had what they called the Rosetta Stone of memes on the show, which included the nice lady wearing a crown in front of a burning building.

She said the supply chain problems could become permanent!

Arsenal2019

Is a stock and share Isa advisable for someone like me who would only invest / buy small amount of shares? Particularly at the beginning 

MEM62

Arsenal2019 said:

Well, I don’t need the money. I guess I’ll just be investing in the hope to make money off it at some point. Which is of course why everyone does it.
I don’t need the money for anything !! - with that said, I guess I don’t really need to withdraw.

You have hit the nail on it's head.  You view of 'taking' the money when you have made a profit makes no sense. After all what are you going to do with it?  Make more money?  Well stay invested then - unless you have a plan B for your money that will see a better return.      

Arsenal2019 said:

but im just not sure on which to invest / put my money into either s&s or Cryptocurrency 

You keep using the word 'cryptocurrency' and 'invest' in the same sentence.  You also keep mentioning equities (investing) and cryptocurrency as comparable places for your money - they are not.  Despite claiming that you realise that cryptocurrency is gambling I am not so sure that has really sunk in.  If you are going to compare cryptocurrency with anything, compare it to putting it on the horses as that is a more realistic comparison.      

tebbins

Arsenal2019 said:

Is a stock and share Isa advisable for someone like me who would only invest / buy small amount of shares? Particularly at the beginning 

Yes, because without an ISA, eventually you may end up having to pay income tax on dividends and/or capital gains tax (though at those amounts it's very unlikely and a while off).
There's nothing special or different about a stocks & shares ISA, it's just an account you put money in that keeps any gains you make tax-free.

Arsenal2019

tebbins said:

Arsenal2019 said:

Is a stock and share Isa advisable for someone like me who would only invest / buy small amount of shares? Particularly at the beginning 

Yes, because without an ISA, eventually you may end up having to pay income tax on dividends and/or capital gains tax (though at those amounts it's very unlikely and a while off).
There's nothing special or different about a stocks & shares ISA, it's just an account you put money in that keeps any gains you make tax-free.

Ah, that makes sense! And I guess obviously depending on the bank or whenever offers the ISA, there’ll be different fees .
Thanks again for replying consistently! Appreciate your help 

jimjames

Arsenal2019 said:

Is a stock and share Isa advisable for someone like me who would only invest / buy small amount of shares? Particularly at the beginning 

Definitely. When I first started out I didn't use an ISA as the fees were higher and I didn't think it would be needed. After a good few years investing I'm glad I did start to use an ISA as I would otherwise be facing a big tax bill for the gains and the income. The great thing about ISAs is that everything inside them is free of tax so your money can grow and be traded with no tax due (other than stamp duty on shares)

vart400

Hexane said:

daz378 said:

I'm investing similiar into a stocks and shares     put  400 in to start and putting  in 10 pw with a bit extra from rounding up.. it's called moneybox   been told  its fees  are quite high  but there are similar  apps...but ill  be investing for at least 5...10 years    as I build up to pension age...but aware that stocks can go down....I do have lgps  ..so will be hoping  it rises long term

I am watching the KEISER REPORT right now and he is very positive about the long-term prospects for bitcoin! 

Stay away from anything Mad Max Keiser is pushing. He's obviously moved on from his "crash JP Morgan buy silver" scam from the past and moved onto crypto. 

Arsenal2019

jimjames said:

Arsenal2019 said:

Is a stock and share Isa advisable for someone like me who would only invest / buy small amount of shares? Particularly at the beginning 

Definitely. When I first started out I didn't use an ISA as the fees were higher and I didn't think it would be needed. After a good few years investing I'm glad I did start to use an ISA as I would otherwise be facing a big tax bill for the gains and the income. The great thing about ISAs is that everything inside them is free of tax so your money can grow and be traded with no tax due (other than stamp duty on shares)

I think when I first start out investing into stocks and shares, and due to the low amount I would be investing at first, I think I’ll say no to an Isa until I’ve started to build a portfolio & have few hundred / thousand in there.
would  you say that’s a good idea 

tebbins

Arsenal2019 said:

jimjames said:

Arsenal2019 said:

Is a stock and share Isa advisable for someone like me who would only invest / buy small amount of shares? Particularly at the beginning 

Definitely. When I first started out I didn't use an ISA as the fees were higher and I didn't think it would be needed. After a good few years investing I'm glad I did start to use an ISA as I would otherwise be facing a big tax bill for the gains and the income. The great thing about ISAs is that everything inside them is free of tax so your money can grow and be traded with no tax due (other than stamp duty on shares)

I think when I first start out investing into stocks and shares, and due to the low amount I would be investing at first, I think I’ll say no to an Isa until I’ve started to build a portfolio & have few hundred / thousand in there.
would  you say that’s a good idea 

There is literally no point or advantage to not putting it in an ISA.
Unless you want to max out other types of ISA with your ISA allowance?