Trading Tips

[Brigadier]

my ex wife was amazingly good at telling me what stocks I should have bought.

but seriously, you need some sort of pension/investment etc otherwise you'll be like the poor builder on here still digging holes at 60.

As opposed to the retired bloke on here who has to do yoga every day, just to put his socks on.

 

[motorbiking]

As opposed to the retired bloke on here who has to do yoga every day, just to put his socks on.

thats very true and feeling much better now, thank you

 

[Highway Man]

As opposed to the retired bloke on here who has to do yoga every day, just to put his socks on.

I know the bloody feeling !!!!!

 

[Dec27]

SIPPS are great because the government pays the 20% tax back automatically.

I should get a higher rate hopefully. But they do seem a no brainer

Actually when you pays the tax back, do you mean pays into the SIPP ?

 

[Brigadier]

I know the bloody feeling !!!!!

You might want to put that "few hundred quid a month" aside then as, if your preferred next PM Froggy gets in, you'll need it (for your private health insurance premiums)

 

[motorbiking]

I am not familiar with either of those terms

VWRP and FWRG are the stock symbols for the all world trackers that I and Wayners suggested

they are so called buy and forget trackers.

instead of you choosing which companies to buy in to with your wet finger in the air, you invest in a fund that invests in several thousand different companies. Thus your risk is spread.

Its like a unit trust without all the rip off fees.

Your best vehicles are an ISA, where the growth is tax free or a SIPP where you use your pension allowance or both.

 

[motorbiking]

I should get a higher rate hopefully. But they do seem a no brainer

Actually when you pays the tax back, do you mean pays into the SIPP ?

you get the 20% automatically and you have to claim the extra back, is my understanding.

 

[Dec27]

you get the 20% automatically and you have to claim the extra back, is my understanding.

I’ll be using it to avoid the higher rate if I can. Hopefully!!

 

[Highway Man]

My original question should have been, can you learn this stuff and jargon before actually taking a leap of faith as I am not comfortable trying it out or losing money without knowing. I would rather pay £10k on a course to learn it than lose £10k dabbling with no knowledge.

 

[motorbiking]

My original question should have been, can you learn this stuff and jargon before actually taking a leap of faith as I am not comfortable trying it out or losing money without knowing. I would rather pay £10k on a course to learn it than lose £10k dabbling with no knowledge.

yep - I'll send you a link to transfer the money.

 

[Highway Man]

yep - I'll send you a link to transfer the money.

 

[Brigadier]

My original question should have been, can you learn this stuff and jargon before actually taking a leap of faith as I am not comfortable trying it out or losing money without knowing. I would rather pay £10k on a course to learn it than lose £10k dabbling with no knowledge.

Why don't you practice with an imaginary £5k plus £300 per month, and log it on a spreadsheet or something?

Treat it seriously, and you might learn that it's something you would do for real, or that it was for someone else.

 

[motorbiking]

that is good advice apart from.

time in the market beats timing the market.

 

[motorbiking]

see below for lesson 1:

You just need one global stock with
over 3000 companies in. That's it...
I use trading 212.
Stocks and shares ISA.
Open account.
Use a promotion code where you get a minimum of £20 random stock free. I got Lloyds UK...
Buy a global ETF. I recommend Invesco FTSE All World UCITS ETF Acc. Must be the ACC (dividend reinvest) not the DIV
(Dividend payed to you)
Put in what you can afford every month for next 10+ years. Anything from £1 to £1000
Now investing.
I have a small punt on individual stocks but you must be an active investor. This is more complicated and risky but you need to understand what you are doing.
I can post a video walking you through step by step that got me going.
Wish I done it years ago

Personally I would go with the vanguard one (VWRP) rather than the than invesco one (FWRG). but it doesn't make much difference.

for the first chunk I would use a limit order, just to time the market a bit. i.e. buy at 0.5 - 1% below the current offer price. You might get lucky.

once you execute you will almost immediately have a loss, that is because of the spread cost (the difference between buy and sell price) a bit like buying holiday money.

 

[motorbiking]

lesson 2

can I just check the £10k is on its way? this chart compares the growth of both over 5 years. VWRP slightly outperformed FWRG, probably due to tracking error