Yeah pretty much, though the market grows at a fairly consistent rate on average. So short term: yes, long term, with enough diversification: no.Isn't this just like gambling?
Both of these are up 8% today, I still haven't got any, and now I'll just think about how I could have got them lower and then miss out on the future increases that I still think will happen.Haven't got any shares but have been thinking of getting some since the recent crash, I've been keeping an eye on Barclays and M&B, could have bought both a lot lower than they are today, but I would think they have plenty increase left in them, especially longer term. The reason I haven't bought any yet is that my Mrs is ultra cautious and would always rather take 1% in the bank for a year than taking a gamble.
Pritty much everything had a decent rise today. Studies have shown that consistent buying is very profitable, almost as much as timing the market, It was only something like 7% lower valuation over a 20 year period.Both of these are up 8% today, I still haven't got any, and now I'll just think about how I could have got them lower and then miss out on the future increases that I still think will happen.
Invest in Zoom and wank socks?I don't invest in individual stocks or bonds. I invest in stock and bond funds.
Some of the funds are even a mix of stocks and bonds.
The funds have managers that do the work of buying and selling within the funds parameters.
At the moment, I'm in about 20 different funds, some more agressive than others.
I'm well diversified. Even within stocks I'm in funds of small companies, large companies and in different market sectors.
I periodically look at my fund balances and occasionally will switch between funds.
But mostly I just leave the money where it is. I never react to the ups and downs of the stock market.
Attempting to time the market never pays off in the long run.
I have done extremely well over the years, I've earned as much from my investments as I have in salary from my job.
Unfortunately, everything is down at the moment due to the Coronavirus.
If copper has that effect (and it does seem to), I'm sure someone will examine why and come up with a better, cheaper alternative.Get into copper mines or traders. Professor saying that viruses can't live on copper surfaces so suggesting all handles, touchable parts in shops, offices, factories etc should be changed to copper. Huge demand if this is followed. Just dived into Glencore.
That's the hard part, it all ties in with your strategy though. Probably one of those times that google will give a far more in dept answer than anyone on here could come up with.So how do you know when to cash in and when not too?
Did you get any De La Rue?Some massive bargains about, I've gone from a fairly balanced portfolio, too, well I'm not sure how to put it...
Since the crash, I've picked up RDSB at roughly £13.50 average. BT at roughly £1.15. Now for the mistakes, LLOY at 32p, stupid decision really, I still little value in it, CCL (from a tip on here), got something like £1500 at £23ish (sitting at about £8 now).
Keeping a close eye on Centrica, Taylor Wimpey, Deutsche Post, ITV, De La Rue, Diageo, Iberdrola, Ford, Renault.
I'll continue to pick up Shell and BT as and when possible.
Only debt I have is my mortgage.
Just setup an investment isa on AJ, just deciding on where to put the cashAs a rule of thumb - only invest what you can afford to lose. Any amount is a good start. Maybe pop a grand an investment ISA on AJBell. Pick two companies and go 50/50. You'll pay a dealing charge of about £10 and about 1% stamp duty, so try to keep transactions to a minimum to save yourself fees.
Make sure you do your due diligence before choosing where to invest. As a little tip, try only investing in things you enjoy/understand, it helps if you know the sector and how the company performs! Example......If you spend loads on sports clothes....JD Sport is a good stock with very strong growth behind it..........I obviously demolish steak bakes....hence the investment in them - its a bit more complicated than that, but thats a simple way to choose where to invest. .
Established companies usually pay dividends, but the amount is based on how much profit they have eared that quarter.
Get on it lad, don't forget to buy RDSB and not RDSA (I've made that mistake previously). Shell are a phenomenal company, they have been investing quite heavily for a long time in renewables, iirc only 21% of income is produced from oil extraction and refinement (this may be wrong, late night/early start).Lovely mate! Good luck! Make sure you do your research and try to avoid FOMO.
Let me know who you pick. I was very close to buying Shell yesterday
Thinking of selling my Sipp and taking a 4k loss on Canopy Growth, moving it to Shell. Can't see any movement in cannabis sector for very long time now. Testing my patience!Get on it lad, don't forget to buy RDSB and not RDSA (I've made that mistake previously). Shell are a phenomenal company, they have been investing quite heavily for a long time in renewables, iirc only 21% of income is produced from oil extraction and refinement (this may be wrong, late night/early start).
If you fancy something a bit risky, keep your eye on Cineworld. Another one I decided against at the time and has saw a big rise.Thinking of selling my Sipp and taking a 4k loss on Canopy Growth, moving it to Shell. Can't see any movement in cannabis sector for very long time now. Testing my patience!
If you're a long term investor, like myself and Marty, you should pick companies you're invested in for years, so checking the price everyday can become a bit nauseous.....It's fun in the green days but can be a sickener on the reds. You just have to remember your long term plan and be patient! You're an investor, not a trader!
Companies usually release financial reports every 3 months. Tag a couple of news feeds regarding your investments to your Google home page. A steady source of info on your investments cab help you understand the business a bit better.