New to Investing in to stocks or forex

silvercue

COYI123 said:

Hello everyone , hope your day is well , i was wondering if anyone could help me in advising in any good stocks or forex to invest in that could return a nice amount over the course of a year , im looking to invest roughly £600 a month and just wondering if anyone has any good stocks they recommend 

You could stick £600 a month into a S&S ISA which will be a bit lower risk

Albermarle

Bobajobbob said:

Forex is not an investment. You are simply buying and simultaneously selling currency pairs. You are effectively trading the relative movement between currencies over a period of time. Unless you do this in significant size and are looking to take advantage of the relative difference in interest rates in each of these countries over that time period it really is a mugs game for retail investors. You simply can't compete with the professionals in this space.

 Forex trading websites , have a statutory warning about what % of retail investors lose money trading with them. It seems to be around 80%, which seems pretty poor odds.

wmb194

silvercue said:

wmb194 said:

No, with the likes of Freetrade, CMC Invest and Trading212 you won't pay any commission. They make investing small amounts easy and far more effective than it ever was in the past. It's even cheaper to reinvest dividends with these brokers than it is with most others and their, IIRC, 1% fees.

They don't charge commission but have very high spreads 

No they don't. That's an assumption people with no experience have come up with in an attempt to explain why they're low-cost.

Edit: To be clearer, in my experience the spreads are the same as with 'legacy' brokers. For quite a long period of time I always obtained a quote from iWeb before placing a trade on Freetrade to check.

InvesterJones

silvercue said:

COYI123 said:

Hello everyone , hope your day is well , i was wondering if anyone could help me in advising in any good stocks or forex to invest in that could return a nice amount over the course of a year , im looking to invest roughly £600 a month and just wondering if anyone has any good stocks they recommend 

You could stick £600 a month into a S&S ISA which will be a bit lower risk

Equities have the same risk whether they're in a S&S ISA or not. Either way, they are not suitable when looking for a return in a year (or less).

silvercue

InvesterJones said:

silvercue said:

COYI123 said:

Hello everyone , hope your day is well , i was wondering if anyone could help me in advising in any good stocks or forex to invest in that could return a nice amount over the course of a year , im looking to invest roughly £600 a month and just wondering if anyone has any good stocks they recommend 

You could stick £600 a month into a S&S ISA which will be a bit lower risk

Equities have the same risk whether they're in a S&S ISA or not. Either way, they are not suitable when looking for a return in a year (or less).

The point being you will usually have a spread of assets in an ISA.  OP is asking about specific stocks to back, which is all eggs in one basket level of risk.  So, if he wants to invest in stocks without putting all his eggs in one basket - an ISA is worth looking at.  

InvesterJones

silvercue said:

InvesterJones said:

silvercue said:

COYI123 said:

Hello everyone , hope your day is well , i was wondering if anyone could help me in advising in any good stocks or forex to invest in that could return a nice amount over the course of a year , im looking to invest roughly £600 a month and just wondering if anyone has any good stocks they recommend 

You could stick £600 a month into a S&S ISA which will be a bit lower risk

Equities have the same risk whether they're in a S&S ISA or not. Either way, they are not suitable when looking for a return in a year (or less).

The point being you will usually have a spread of assets in an ISA.  OP is asking about specific stocks to back, which is all eggs in one basket level of risk.  So, if he wants to invest in stocks without putting all his eggs in one basket - an ISA is worth looking at.  

No more reason to have a spread of assets in an ISA than outside it. You could buy more than one stock, or a fund/unit trust/ETF if you want to spread assets without it needing to be in an ISA wrapper. Nonetheless, if your assets (no matter across more than one stock) are equities, one year is still too short.

Albermarle

silvercue said:

InvesterJones said:

silvercue said:

COYI123 said:

Hello everyone , hope your day is well , i was wondering if anyone could help me in advising in any good stocks or forex to invest in that could return a nice amount over the course of a year , im looking to invest roughly £600 a month and just wondering if anyone has any good stocks they recommend 

You could stick £600 a month into a S&S ISA which will be a bit lower risk

Equities have the same risk whether they're in a S&S ISA or not. Either way, they are not suitable when looking for a return in a year (or less).

The point being you will usually have a spread of assets in an ISA.  OP is asking about specific stocks to back, which is all eggs in one basket level of risk.  So, if he wants to invest in stocks without putting all his eggs in one basket - an ISA is worth looking at.  

Many investment platforms offer S&S ISA's where you have a choice of investments to put in them, including individual company shares ( if you so wished) 

badger09

Do let us know what you decide and how this ‘investment’ turns out. 

Also, did you manage to release the big increase in equity from your FTB house within a year of buying it?
Have you bought your 1st BTL? 
Did you negotiate a big discount on the new build for your next home?
Sorted out your credit report?