Trading the stockmarket (NO Referrals)

I started my Stocks ISA journey yesterday, Spare change before payday put in, minute compared to many but we have to start somewhere, lots to learn

Bought some S&P 500 Distribution
 
Minibiker said:
I started my Stocks ISA journey yesterday, Spare change before payday put in, minute compared to many but we have to start somewhere, lots to learn

Bought some S&P 500 Distribution
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Just put some in regularly and don't look at it would be my advice.
 
Minibiker said:
Yeah my aim would be to top up every pay day, would it be ideal to split half and half with a normal cash ISA for savings, Or all in one?
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You will (probably) make more money in stocks than a cash isa, but depends on your risk tolerence/time period.
Any reason why you went for distribution rather than the accumulation fund?
 
Minibiker said:
Yeah my aim would be to top up every pay day, would it be ideal to split half and half with a normal cash ISA for savings, Or all in one?
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Rather than aiming for it, just do it... unless you have some debts that has interest being charged on them, pay your future self and yourself first.
Setup a DD/Standing order that takes the money out shortly after payday, That way the money is gone before you miss it.

I used to save what is left at the end of each month, and there's always something new and shiny that I had to buy, now I get all my savings, share purchases done first, then my bills... then I scrap by on what is left for the month.
Might sound harsh but the interest and div payments for last tax year alone paid for a weeks holiday in the sun and spending cash let alone the capital gains... I just don't do that too often as it sets compound interest back.
 
Uther said:
You will (probably) make more money in stocks than a cash isa, but depends on your risk tolerence/time period.
Any reason why you went for distribution rather than the accumulation fund?
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I've not got any sort of time frame in mind just thought I'd start now while I'm still young, put money in and hopefully get some gains, I went for the Distribution just because of getting the quarterly payouts, now looking back I think I should have gone for accumulation, would it be silly to sell my little bit now and reinvest into ACC?
 
Minibiker said:
I've not got any sort of time frame in mind just thought I'd start now while I'm still young, put money in and hopefully get some gains, I went for the Distribution just because of getting the quarterly payouts, now looking back I think I should have gone for accumulation, would it be silly to sell my little bit now and reinvest into ACC?
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If you're using a 0 fees platform, then yes, just sell and rebuy ACC
 
slinxy said:
Rather than aiming for it, just do it... unless you have some debts that has interest being charged on them, pay your future self and yourself first.
Setup a DD/Standing order that takes the money out shortly after payday, That way the money is gone before you miss it.

I used to save what is left at the end of each month, and there's always something new and shiny that I had to buy, now I get all my savings, share purchases done first, then my bills... then I scrap by on what is left for the month.
Might sound harsh but the interest and div payments for last tax year alone paid for a weeks holiday in the sun and spending cash let alone the capital gains... I just don't do that too often as it sets compound interest back.
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Yeah I've set up a monthly payment plan for 2 days after payday, I need to get into the habit of not buying/treating myself every month for the sake of it, I could have a good savings now if I wasn't so pants with money the last few years....

I've also recently gave up Betting and have noticed a big difference not just in my money lasting the month but my mindset..

You done well on your gains last year then bud, fair play to you
 
Minibiker said:
I've not got any sort of time frame in mind just thought I'd start now while I'm still young, put money in and hopefully get some gains, I went for the Distribution just because of getting the quarterly payouts, now looking back I think I should have gone for accumulation, would it be silly to sell my little bit now and reinvest into ACC?
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No reason not to, or you could leave it and just start an accumulation version.
 
Many stocks and share isa platforms have an option to automatic re-investment of dividend payments with a reduced commission price. So if you set that up you buy Distribution versions of the funds then automatically re-investment the quarterly dividends when you want to.

Over long periods (decades) generally global funds with low fees generate the best returns. Wish I'd done more of that when I started out. The majority of the shares in individual companies I've bought have not done very well, and are much more volatile so more stressful than funds.
 
MookJong said:
Anyone holding ROBLOX? Jeez with I had jumped on when I was considering it a while ago.

Feels risky to do it now.
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Been wondering about that one for a while, apparently its highly rated and certainly the share is bullish. Enterprise value might show more. But isnt TTWO Take-Two Interactive too cheap, arent they with greater potential presuming they keep making the same success
 
Do you all just go with favourites when buying or really read into things?

I saw on the Stocks Events app, news about Nvidia and just wandered whether people put loads into them as I cant imagine much coming from stocks like that, is it just something people choose what they have interests in or what?
 
if you are buying individual company stocks, To do it properly requires lots of reading and research of their company reports. If you don't do that, it's basically gambling. The general press, stock broker recommendations, social media "gurus" , etc. are mostly unhelpful.
 
rangor gubbins said:
if you are buying individual company stocks, To do it properly requires lots of reading and research of their company reports. If you don't do that, it's basically gambling. The general press, stock broker recommendations, social media "gurus" , etc. are mostly unhelpful.
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So for someone who doesn't delve into it like a mad man would you say just stick to the favourites mainly?
 
Minibiker said:
So for someone who doesn't delve into it like a mad man would you say just stick to the favourites mainly?
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What do you mean by favourites? Individual stocks, or funds? If you just want exposure to general markets and hoping to get better returns than what you can get with cash, then low fee funds will probably do the best over the long term.
No one can tell you what's best for you, as it depends on lots of things like your appetite for risk, period you're willing to put the money away for, how emotionally involved you'll get (what will you feel if you see your investment half, quarter, or turn to zero?). Companies do go bust and investors can be left with very little of what their initial stake, so keep that in mind if you are planning to invest in individual companies. Whilst I would avoid most of the social media/you tube 'investor experts', James Shack on you tube has done some great videos explaining why global funds generally outperform any other investment over the long term, how to start out investing and saving, and lots of other great financial advice.
 
rangor gubbins said:
What do you mean by favourites? Individual stocks, or funds? If you just want exposure to general markets and hoping to get better returns than what you can get with cash, then low fee funds will probably do the best over the long term.
No one can tell you what's best for you, as it depends on lots of things like your appetite for risk, period you're willing to put the money away for, how emotionally involved you'll get (what will you feel if you see your investment half, quarter, or turn to zero?). Companies do go bust and investors can be left with very little of what their initial stake, so keep that in mind if you are planning to invest in individual companies. Whilst I would avoid most of the social media/you tube 'investor experts', James Shack on you tube has done some great videos explaining why global funds generally outperform any other investment over the long term, how to start out investing and saving, and lots of other great financial advice.
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So when I go into the markets app it's shows the top so many stocks, the likes of Apple, Tesla, S&P etc, are these the ones that would be the 'safer' options? Rather than trying to find the next up and coming, if you understand what I'm trying to say :p
 
Minibiker said:
So when I go into the markets app it's shows the top so many stocks, the likes of Apple, Tesla, S&P etc, are these the ones that would be the 'safer' options? Rather than trying to find the next up and coming, if you understand what I'm trying to say :p
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Just buy a fund, not individual stocks. The S & P 500 is such a fund, with the top 500 companies in the US. Or pick a global fund.
 
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