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March 28 2024 12.14pm

Stocks and shares

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View Pinkfluff1981's Profile Pinkfluff1981 Flag 03 Jun 20 1.33pm Send a Private Message to Pinkfluff1981 Add Pinkfluff1981 as a friend

I’m a newbie on the financial seen.. I’ve just recently invested a small amount in some shares and funds. Stocks and shares isa, funds and share accounts and a sipp pension. I’ve never had a pension and I self employed so the idea is to pay monthly into the sipp pension for my retirement and use the stocks and shares isa and funds and share accounts to play with throughout life buying and selling and hopefully make some money. Short term and long term I intend to invest to save some money and hopefully make some in the next year to do my bike license and buy a bike. Then after just use it for saving into each year for holidays etc

My question is does anyone have any experience in doing this sort of thing and give any tips?

I’ve basically invested in 20 shares and 2 funds all varying in industries and sectors to hopefully have a balanced variety to make up for the ups and downs. A rather modest amount of £2500 spread between them all.

 

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View cryrst's Profile cryrst Flag The garden of England 03 Jun 20 2.01pm Send a Private Message to cryrst Add cryrst as a friend

Post this on the financial guidance thread as there are some good posters with lots of knowledge. It's just down the first page on general

 

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View Pinkfluff1981's Profile Pinkfluff1981 Flag 03 Jun 20 2.27pm Send a Private Message to Pinkfluff1981 Add Pinkfluff1981 as a friend

Cool thanks

 

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View m/k mick's Profile m/k mick Flag milton keynes 03 Jun 20 3.42pm Send a Private Message to m/k mick Add m/k mick as a friend

I have a long history of buying/selling shares, so here are a couple of tips, decide your strategy, either day trading, in and out as shares rise and fall, time consuming, or build up over time, probably best for you, now pick 4 maybe 5 companies, in different industries, banks or builders, that kind of thing, then check out the history of the companies, do they pay dividends, over a long period, once decided, drip feed buying into the chosen companies, and accept shares will go up and down, try to ignore short term movements, not certain, but good companies, certain banks, say Tesco, big pharmas, are going to ride out recessions etc, wrap it all up in an equity ISA
GOOD LUCK

 

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