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And yet in post 165 you did exactly that.
Trading Tips
- Thread starter Highway Man
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This works for me.
Save regularly into a Cash ISA - say a £200 per month. Once that has built up into a tidy amount transfer 50 to 75% into a S&S ISA. Continue paying into the Cash ISA and repeat regarding transferring into a Stock & Shares ISA. The repeat is probably 3 or 4 year intervals, doing more regularly than that can be expensive as there is fee for buying the 'Units'. Management costs should not exceed 1%. Invest at risk level 3 or 4 - your IFA will determine that value for you.
You will be making money after 5 years and should be looking at substantial growth (50% poor, 100% good) in 10 years
Save regularly into a Cash ISA - say a £200 per month. Once that has built up into a tidy amount transfer 50 to 75% into a S&S ISA. Continue paying into the Cash ISA and repeat regarding transferring into a Stock & Shares ISA. The repeat is probably 3 or 4 year intervals, doing more regularly than that can be expensive as there is fee for buying the 'Units'. Management costs should not exceed 1%. Invest at risk level 3 or 4 - your IFA will determine that value for you.
You will be making money after 5 years and should be looking at substantial growth (50% poor, 100% good) in 10 years
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Most of the tech/IA stocks are up 3-5% today and double digits over the last month.
It's why the other snidey ***t 'liked' his post.
My scheme charges £3.99 per trade, and you get one a month free.
If you want to invest, I don't think there's a benefit in putting your contributions into cash.
Unless I'm misreading you, I don't necessarily agree with that, certainly from my own pov.
I think it's great to be able to have a play with fake money to get a feel for the whole thing.
Losing real money will focus your mind far better than losing pretend money.
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Try telling pete that, he has never got over that tenner.
I really haven't
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I know [TM]
Keep up with the advice/comments/info, its a bit beyond me at times but I find its interesting as opposed to dull because I don't understand it (bit like some school subjects as a 12/13 year old). I'll stick with my bog standard share portfolio which at the moment gives enough returns to no doubt put a smile on the kids face in the fulness of time and a smile on my face currently because its more than 3%. I would like a bigger return so I can have a suite on a cruise but a pint and a cob is my barrow. Maybe next week I'll start trading, then again perhaps notI've said, I have enough now, but I didn't when I started.
The thread title is Trading Tips, so what's your problem?
Are you suggesting there something worng with growinfg an account you don't have an immediate use for?
Or are you trying to formulate a different criticism, like
not really me, I don't add it up very often. It's spread about so there's no one account statement.
So what? It sounds rather like you're irrelevant, but want to keep restating the same things.
You don't do it, you say, perhaps that's why you wouldn't know much about it, beyond your parroting what you've read somewhere.
Lots of people are happy with their building society Investments. Fine for them.
Yes you can do trading as a hobby, so what?
Some people spend a few minutes a day, or a week or a year.
Some people do trading daily as an income and earn a very good one.
If someone has a hobby that gets them knowledgeable about enterprise, world economics, supply chains, technological developments and the like, where they can find and use companies to invest in which make more than 50% in 3 months, say, what's wrong with that?
It's a means of making money grow much faster than leaving it alone, wherever you put it - if that's what you mean by your "Investing".
Well you keep it until you need to pay it out, innit. If you've parted with it, it doesn't accrue..
As it happens, the plans for "paying it out" largely died with my wife.
We did have plans, but not ones I can carry out alone.
I spend some time explaining how it works , thinking that someone else might benefit. A few who have contacted me, have benefitted. One spectacularly not. Yes, it's not for everyone.
