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Thread: Stock Exchange

  1. #1
    on way to buy Apt Pupil
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    Stock Exchange

    Hi,
    Anyone got any recommendations as to what company to use to buy stocks with?

    And, assuming i wait for the right time, is it basically as easy as buying them now, wait until they rise quite a bit, then selling them for profit?

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    Re: Stock Exchange

    Hargreaves Lansdown do some competitive share trading accounts as do quite a few major banks. This is the easiest way to start making low value stock market trades.

    Hargreaves Lansdown - Share dealing

    However. It is NOT 'easy' as you describe. Shares you buy are just as likely to decrease in value as they are to increase. This is a total gamble. NEVER put money that you need in the stock market, only cash that you can live without because it is very possible to lose everything.

    That said, well researched investments can be quite rewarding, nothing is a sure winner though. I'm not trying to scare you away from the process but do at least proceed with caution.

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    Re: Stock Exchange

    check out Farrow Tech. it has a drug called Parattin in the third stage of FDA approval. It helps premature babies awww
    Quote Originally Posted by Ephesians
    Do not be drunk with wine, which will ruin you, but be filled with the Spirit
    Vodka

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    Now with added sobriety Rave's Avatar
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    Re: Stock Exchange

    Yeah now's a great time to Buy Buy Buy!

    Sarcasm aside, as others have said, buying shares is not a one way ticket to easy street. I would suggest that if you're interested you could do worse than start reading www.fool.co.uk and www.moneyweek.com.

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    Re: Stock Exchange

    Another vote for H-L here as well, especially if you are going to look at funds as well, nice discounts and cheap fees.

    But be careful out there right now

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    disMember M0nkeyb0Y's Avatar
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    Re: Stock Exchange

    Quote Originally Posted by Rave View Post
    Yeah now's a great time to Buy Buy Buy!
    yes, it could well be Rave, as that graph you link to demonstrates: there's a lot more sense in buying once the chart has done this "\" for a while than this "/" - I'd probably plumb for an oversold good quality house builder/commercial rent company. They've been beaten with a sihtty stick lately.

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    Re: Stock Exchange

    Quote Originally Posted by M0nkeyb0Y View Post
    yes, it could well be Rave, as that graph you link to demonstrates: there's a lot more sense in buying once the chart has done this "\" for a while than this "/" - I'd probably plumb for an oversold good quality house builder/commercial rent company. They've been beaten with a sihtty stick lately.
    Errr, no. The market is no more likely to go up than down just because it's recently gone down. Look at the banking sector over the last year, particularly northern rock and bradford and bingley. It's just as easy to make (or indeed lose) money in a rising market as it is in a falling one.

    And judging whether to invest based on just the ftse 100's latest trends is a seriously sketchy strategy. Sub 5k is unusually bad though, I pity those with ftse index linked investments atm.

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    Re: Stock Exchange

    I just came here to gloat - FTSE100 currently up ~6% - You'll never be my IFA Rave!

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    Re: Stock Exchange

    Well the time to buy is normally when things look the worst and everyone else is scared to do so - yesterday being a good example. If OP is looking at long term investment then im sure now would not be a particular bad time, say compared to buying in at peak of summer last year

    FTSE up nearly 7%, and from a personal point of view nice to see the Hang Seng closing up 9.5%

    Dead cat bounce maybe? but with the FSA ban on short selling until next year and the US Congress trying to push through a new directive to deal with toxic debt, may see some more upside to down for a while. But hey im sure will be bumpy for some while yet - who knows?

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    Re: Stock Exchange

    Quote Originally Posted by mrpete View Post
    ....

    And, assuming i wait for the right time, is it basically as easy as buying them now, wait until they rise quite a bit, then selling them for profit?
    No, it isn't, or we'd all be doing it. You certainly can make money doing that, provided the shares you buy actually do go up.

    But what you're doing is merely a form of gambling, so the general advice is to not do it unless you can afford to lose the money you do i with, because that could happen. I mean, companies do fail entirely and you could lose the lot.

    Another risk is that you can't tell when shares will rise, or how much they'll rise by, so if you need the money at a given point in time, don't rely on the market being up at that point. If you're investing money you're sure you won't need at a specific point in time, and can, if necessary, wait it out, then yes, it's almost that easy. You can (at least, once you've got an account) buy and sell over the phone. Don't forget that a broker's services aren't free, though. It'll cost a few quid just to buy and sell, so if you're talking about a small value of shares, even a modest fixed fee can be a sizeable chunk of any rise in value. Also, don't forget that on the plus side, you may well get dividend cheques (though notr with all companies, all the time), but on the negative side, you'll pay tax on dividends (income tax) and, depending on the gain made and the rest of your financial circumstances, may well be liable for capital gains tax (though you need a few grand in gains per year before that becomes an issue).

    Also, you run the risk that the company you buy will be the victim of a takeover. If that happens, you might gain from any rise in the value in shares triggered by the bid (as demand hikes price), but once a bidder reaches a given shareholding, they can do a compulsory purchase of your shares, regardless of whether you want to sell or not. If that happens when the market is down, like it is right now, you might get less back than you paid. And takeovers don't tend to occur when a company is overvalued, for obvious reasons.

    So, in most situations, you're right, it's as simple as buying, waiting for prices to go up, then selling at a profit .... and deducting the dealing charges and paying any tax that might (or might not) be incurred. But there's any number of factors, like those mentioned above, that can mess up that plan.

    The general advice for stock market investment is to do it with the intention of riding the long-term market trend for prices to rise, and most experts will tell you that playing the "timing" game, which is what you appear to be considering, is a dangerous game.

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    Pseudo-Mad Scientist Whiternoise's Avatar
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    Re: Stock Exchange

    http://news.bbc.co.uk/1/hi/business/7624961.stm

    Heh buying yesterday would have been a good return for HBOS stocks

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    Re: Stock Exchange

    Quote Originally Posted by Whiternoise View Post
    http://news.bbc.co.uk/1/hi/business/7624961.stm

    Heh buying yesterday would have been a good return for HBOS stocks

    Decided to start my sipp yesterday funny enough (looking long term of course) and brought some RBS, hmm up 37% today - damn the long term, sell sell sell (joking - pity cant draw it out until im slightly older)

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