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Indeed Kern, totally frustrating! [emoji2957] Guess if it were that easy everyone would be doing it.
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Exactly... it's really just a form of white collar gambling [emoji14] Although what I do like is, as mentioned above, you can gamble and lose and then that loss can turn back into a win in time.
When I first started trading stocks, after all the volatility of crypto, I was tempted by leverage to try and make my money move like it did when crypto were rising 10s of % per day. Got burnt plenty of times by x5 leverage. Now though I have a few at x2 and they're a lot more forgiving. Never had the cohones to short the market yet though.
I use an app called Etoro, which has its draw backs, but what I do like is it's basically a social network for traders. Also allows you to copy investors (who might actually know what they're doing). So for anyone interested in starting with this sort of thing. I think it's a good way to get into it.
Exactly... it's really just a form of white collar gambling [emoji14] Although what I do like is, as mentioned above, you can gamble and lose and then that loss can turn back into a win in time.
When I first started trading stocks, after all the volatility of crypto, I was tempted by leverage to try and make my money move like it did when crypto were rising 10s of % per day. Got burnt plenty of times by x5 leverage. Now though I have a few at x2 and they're a lot more forgiving. Never had the cohones to short the market yet though.
I use an app called Etoro, which has its draw backs, but what I do like is it's basically a social network for traders. Also allows you to copy investors (who might actually know what they're doing). So for anyone interested in starting with this sort of thing. I think it's a good way to get into it.
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Indeed, it's gambling but think how much better the economy would be if all those betting at bookies sites put their money on the stock market instead, instead of a few very rich Gambling Site owners, we would no doubt ease out of the crash much quicker.
Just been going through my investments & cross referencing with how they have don't against the FTSE 100 over the yrs, surprisingly few have beaten it, except over the last three months.
Simon Bolivar: Liberator of Bolivia, Ecuador, Peru & Venezuela.
Further to the above, Shell is the biggest company in the FTSE 100 & the best dividend payer (up until the last one) but also under performed the FTSE 100 over the yrs. Can anyone confirm the reason then for it's success with investors, is re-investing the dividends & having growth that way?
Simon Bolivar: Liberator of Bolivia, Ecuador, Peru & Venezuela.
Further to the above, Shell is the biggest company in the FTSE 100 & the best dividend payer (up until the last one) but also under performed the FTSE 100 over the yrs. Can anyone confirm the reason then for it's success with investors, is re-investing the dividends & having growth that way?
You have to weigh up dividend return against growth/value of the stock. Which is greater? Yes you can obviously reinvest the dividend and get bigger dividend.
I think a lot of people just see the dividend as extra income perhaps?
I know nothing about making money from financial vehicles!
But what about growth from investing instead of paid out as dividend?
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I think I may finally have this CAD under control...
Started off this morning !7% ahead on my ISA overall, the market seems to be picking up, although the more cautious might think it's too much, to soon. I didn't take the 100% profit when I had the chance on BPC as I think it will do better come Xmas/NY, today around 58% profit still there, so the increase really was across the rest of the investments.
See Easy Jet is picking up & planning to have flights to 50% back up by July & 75% by August but can't see there being many Brit's on them if the Quarantine restrictions stay in place for re-entry into the UK for longer than 3/52? I heard Simon the Travel guy from the Independent suggest the idea was to have this in place for a year!!!! Really can't see it lasting, except for very high risk countries & htere aren't many more high risk than the UK.
Simon Bolivar: Liberator of Bolivia, Ecuador, Peru & Venezuela.
I remember a customer of mine a long time who gave me investment advice. I hear all sorts working in banking but this one got me thinking. A few months before he hit 55 and took his lump sum, he put his name down for a rolex ( think it was a GMT steel model) then when he got it, he waited a year, never did wear it and sold it for a decent profit. I looked into this more and more and it's now my plan ( but I will probably wear it though lol )
If you get one at list you don?t need to wait a year before selling, you can make 25%+ just taking it to the next jeweller down the road. Might need to wait a year, and in some cases much longer to buy it in the first place though. The market does seem to have flattened/slightly dropped at the minute.
How much (roughly) have people started out with. I considered learning the ropes with a small amount, less than ?5k but research suggested it was pointless picking and managing on your own at that sum, suggesting just investing in a basic fund long term.
How much (roughly) have people started out with. I considered learning the ropes with a small amount, less than ?5k but research suggested it was pointless picking and managing on your own at that sum, suggesting just investing in a basic fund long term.
5k in funds and a few stocks. And 300 in smaller lower price stocks and penny shares.
Not going to become a millionaire from this. But trying to learn.
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I think I may finally have this CAD under control...
If you get one at list you don?t need to wait a year before selling, you can make 25%+ just taking it to the next jeweller down the road. Might need to wait a year, and in some cases much longer to buy it in the first place though. The market does seem to have flattened/slightly dropped at the minute.
The bubble on steel Rolex?s is done now that they?ve controlled reselling so heavily it?s back to where it was. Still solid investment potential but understandably they want their watches to be bought by fans and not just whats become an endless number of flippers. The massive difference between list and selling price was never going to last before shrinking a fair amount.
The bubble on steel Rolex’s is done now that they’ve controlled reselling so heavily it’s back to where it was. Still solid investment potential but understandably they want their watches to be bought by fans and not just whats become an endless number of flippers. The massive difference between list and selling price was never going to last before shrinking a fair amount.
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Really? Show me a single unworn or excellent condition sports steel Rolex for sale at less than ?1k above RRP, most still significantly more. LVs are down from ?13k to 11k at the moment so that’s an improvement, they’re now not 2xRRP. Personally never bought in to the madness.
Really? Show me a single unworn or excellent condition sports steel Rolex for sale at less than ?1k above RRP, most still significantly more. LVs are down from ?13k to 11k at the moment so that?s an improvement, they?re now not 2xRRP. Personally never bought in to the madness.
That?s all I meant the extreme bubble that had grown over the last few years has popped that was created mainly by Instagram and other online resellers, theres still a difference but it?s not ridiculous anymore. As more and more stories come out of people who resell getting banned from future purchases from registered dealers it looks like the market will level back out to where it should be. Still an easy way to make a chunk though!
I'm no expert but I'm seeing a lot of redundancies mentioned on LinkedIn at the moment. Appreciate not always terrible for business and lots will be using it as an excuse to cost cut costs, but it might be worth excercising caution at the moment just in case we see another drop in the market.
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