Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Rocky ride on this one 1.165 to 1.008 to 1.24, hit a black swan event caused by Liz Truss, I still expect 1.40 by June.
Never underestimate the stupidity of your government.
Rivian has just lost a big Merc contract their main competition ford and GM have massive orders for the alternative F150 etc and the Tesla version is just around the corner. Plus working with them it's clear they have no idea and big supply issues (the supply is all automotive though)
The F150 is horrible, one of the contractors that does some work with us had to deliver one to, erm somewhere in Europe, cant remember where he said now, but he had the choice or driving it from the UK to the destination, or taking it in a truck, he chose the truck but then drove the F150 down into town to go get some food the night he arrived.
He did say something that size has no right to be accelerating like it does though.
He did say something that size has no right to be accelerating like it does though.
Any particular reason why?
I believe it is down to the ECB signalling more rate hikes ahead, more than the market was expecting. By all accounts they have been very hawkish today which is most unusual.
Any good tips on how to get started? Been thinking about doing this for a while but it is very difficult to know where to even start as we don't really have anyone to ask.
All I know is I would like to go with something long term with a monthly DD and a low to medium risk to start with but no idea how you can tell which site is good etc.
All I know is I would like to go with something long term with a monthly DD and a low to medium risk to start with but no idea how you can tell which site is good etc.
Soldato
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- 25 Nov 2007
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Its very simple, sign up to vanguard, make an ISA account, invest into one of the all world index fund/etf they offer.
With it being ISA account I assume it can't go over 20k limit which is already going into a different ISA? (sorry should have mentioned it)
Soldato
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- London
20k per year, you can make a non-ISA with them also, but i would not recommend it.
Your stocks and shares should be in an ISA account, the long term growth will result in insane tax bills 15-20 years from now, if you decide to sell.
Soldato
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Just add to a FTSE 100 fund and you are doing what most are, its not complicated. There is just fees to consider beyond that, the fee of the fund itself which for a tracker is often very low. The platform often has a fee. Its possible especially around April they will reward new customers who use up their ISA allowance.
ACC not INC I think best, its the only thing I did right when I first invested a lump sum it saved me from being stuck at a particular price point entry. Do regular additions is best, I dont think we take 5 years to gain but markets can be 'boring' and challenged for quite a while.
Thanks, it might be an idea to then either split the money to 10k each or have one account for the lump sum in one name and one investment in the other which I suppose will be ok too as it is all joint money in the end anyways.
This is exactly what most people should be doing, I prefer the S&P but similar idea. People "trading" on here have either years of experience or are just having fun with disposable money.
I also encourage people to move their pensions into this type of fund, tiny fees and less fund manager idiocy. I worked with these people for many years, half of them come in monday mornings hungover/high and chuck your money into whatever they dream up.
Soldato
- Joined
- 25 Nov 2007
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- 5,581
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- London
Im not exactly sure what you are doing, but you should figure out how much cash you want to have, for various purposes.
The rest above whatever figure you've come up with, should go into a stocks and shares ISA.
Blackrock Outlook 2023
This is quite an interesting if slightly concerning in the short and mid term. It pretty much torpedoes any early retirement plans I had and I have already liquidated a few positions that I'd been hanging on for recovery on. Or where I had portfolio overlap.
This is quite an interesting if slightly concerning in the short and mid term. It pretty much torpedoes any early retirement plans I had and I have already liquidated a few positions that I'd been hanging on for recovery on. Or where I had portfolio overlap.