Stock market dealing

[foxhole]

I’m with Hargreaves Lansdowne .
Used AI to give me top performers in the various fields and then put £500 in 10 of them .
Not sure how often I should be checking them , looking for mid to long term growth.

 

[Justin Passing]

HL is ok. A bit expensive on the holding fee at 0.45% but it's soon reducing to 0.35.

What you did is sensible.
The only variation I would have suggested, but probably not actually bothered to do (!) is to buy half of each to start with, in case one goes ti tsup.
Let me know what you have and I can squeal If I see something.

There will be lots of wrinkles to learn.
One is that you have to order by 8 a.m if you want to buy or sell something that day. Sometimes they "submit" before thea 8am, sometimes a bit later. After that time you can't cancel.
One thing you may not have found yet is the Portfolio analysis tool. It's very good and my other platforms don't have it.
You can easily add another fund tp the graph to see what would have happened, etc.

Two you might want to compare with, if you don't have them in your 5, are
Artemis Global Income
Barings South Korea
For the tech sector the one I found best is Polar Capital Glocal Tech Hedged. It's an "offshore" fund, Ireland. Lots are.

HL's screener is pretty useless, because it only goes down to 3 months. Yry the one at AJ Bell. The main funds are at HL as well.

Silver and Gold took a hit today when Scott Bessant said something minor - their prices are fragile, so I got out of most of them. Everyone's waiting for a sizeable pullback, though they may well go back up after. Kept some gold.

Silver IS in short supply, but AI thought 20% of the price was speculator's effect, so it's fickle.

 

[foxhole]

Currently have these.

 

[JohnD]

I’m with Hargreaves Lansdowne .
Used AI to give me top performers in the various fields and then put £500 in 10 of them .
Not sure how often I should be checking them , looking for mid to long term growth.

Investing is not the same as dealing,

For a long term investment in a pooled fund, once a year is plenty. If you don't trust the fund enough to do do that, find one you do trust.

Some people say you should not look at them for 20 years.

Though last years top performer is unlikely to be top performer in ten years time.

You can be sure that an investment with high charges will do worse than a similar one with low charges.

Investments tend to revert to the mean. Short term fluctuations make people look like stars by sheer chance. If you ever want to win a competition for imaginary investment performance, pick lots of high-risk off the wall ideas. Most of them will crash and burn. One might rise like a rocket. You won't find out which until too late. This trick is often used by people who aren't investing their own money, but take a big slice off the mug punters. If you did that with your own money, chances are you would end up penniless.

 

[Justin Passing]

Those attitudes live under a bowler hat, supported by an umbrella.

Times have changed since the 1950's.

Do you drive according to the road and its conditions, or do you set a speed which you decide is "safe" and be satisfied with that? If you want to go about the country at 20mph because it's unlikely to get you injured, fine, go with that advice. Happy holidays.

Some of it is very obviously rubbish:

You can be sure that an investment with high charges will do worse than a similar one with low charges.

One with a higher return will always beat one whose return is lower regardless of charges, because returns overwhelm charges.

It isn't clever to quote and rely on some bloody fool just because he's using "well astablished" advice which he will claim has been true since 70 years ago. The same sort who would tell yo uthat it's not something to worry your little head about.
"Just invest in the S&P 500" is one such silly trope. Sure it has gone up overall if you take a long enough timescale.
It went up 8% in the last 12 months. If you'd bought it at the wrong time and wanted to sell, you'd have lost 18%.
Ah but your fees would have been low so that makes it OK, ???
Someone paying a little attention would have got a multiple of that 8%.

For a long term investment in a pooled fund, once a year is plenty. If you don't trust the fund enough to do do that, find one you do trust.

The S&P 500 is the best companies in the world, a pooled fund if there ever was one. How are you supposed to know which pooled fund will be OK for a year?

Every statement in that post looks like trolling spam and should be treated as such.

 

[JohnD]

I’m with Hargreaves Lansdowne .
Used AI to give me top performers in the various fields and then put £500 in 10 of them .
Not sure how often I should be checking them , looking for mid to long term growth.

This is quite sensible.

4.9K views · 24 comments | 4 investing mistakes that could be costing you thousands. From risky moves to hidden fees, our expert reveals the costly pitfalls every investor should avoid – whether you’re just getting started or already growing your po

4 investing mistakes that could be costing you thousands. From risky moves to hidden fees, our expert reveals the costly pitfalls every investor should avoid – whether you’re just getting started or...

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