Trading the stockmarket (NO Referrals)

I think the lesson is that it's ultimately gambling. Trying to call the top or bottom of a market is best left to people who are playing with other people's money.
 
Theophany said:
The majority of them are useless at it tbh.
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^^^ this, plenty of traditional asset managers won't beat the relevant index and plenty of newbie smaller hedge funds/alternative investment managers fail.

In fact plenty of the successful ones playing with other people's money don't attempt that sort of thing anyway...
 
Theophany said:
The majority of them are useless at it tbh.
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Indeed, hence why they do it with other people's money :D

dowie said:
^^^ this, plenty of traditional asset managers won't beat the relevant index and plenty of newbie smaller hedge funds/alternative investment managers fail.

In fact plenty of the successful ones playing with other people's money don't attempt that sort of thing anyway...
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Which is why they've lost so much business to trackers.
 
Terry Smith is probably the only remaining active manager* I trust with my money and that's mainly because his philosophy is to buy good fundamentals and hold them rather than trying to justify himself with frenetic trading to chase returns.

*there are still good active management teams out there, but thankfully the days of the 'star manager' seem to be largely behind us thanks to the likes of Anthony Bolton and Neil Woodford.
 
R.P.L said:
I think the lesson is that it's ultimately gambling. Trying to call the top or bottom of a market is best left to people who are playing with other people's money.
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Indeed. If you're investing long term, you shouldn't try and time the market. I'll be using this correction to add to the portfolio, not panic sell and undoubtedly buy back higher.
 
The other point to mention is that the stock market has taken on a kind of 'too big to fail' aura these days, meaning the central banks will do whatever they can to keep the numbers going upwards. Cash is trash, as Ray Dalio said.

That said, the Fed lowered rates today and I see the market is still dropping. If COVID-19 turns out to actually be a significant problem in terms of productivity then we could be in for a rough ride. I haven't currently got any investments apart from my pension but I might chuck some cash into a tracker if it really does crash (as long as I'm still alive!).
 
dowie said:
Didn't see this post until @silversurfer quoted it a few posts back.

Think of a signal service as being equivalent to those people at the dog/horse racing track selling betting tips... Do you really think they have anything of value to offer you?

If you want someone to manage your money for you then stick it in an established fund with a track record... or just buy a tracker.
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Thanks for the reply Dowie, I'll avoid. Was hoping to find one that explained the strategy behind their signals etc just so I could try and learn a bit quicker but will stick to written/video guides for now :)
 
Delta3D said:
Thanks for the reply Dowie, I'll avoid. Was hoping to find one that explained the strategy behind their signals etc just so I could try and learn a bit quicker but will stick to written/video guides for now :)
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There often isn't one or if there is one it might well be based on a load of woo...

I'd be careful with the written guides/videos for this stuff too - mostly a case of blind leading the blind tbh...

Also with a small account you'd perhaps be better off looking at say betfair or crypto exchanges.
 
dowie said:
There often isn't one or if there is one it might well be based on a load of woo...

I'd be careful with the written guides/videos for this stuff too - mostly a case of blind leading the blind tbh...

Also with a small account you'd perhaps be better off looking at say betfair or crypto exchanges.
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When you say Betfair, is this Tradefair? Just looking at it and without applying to join there doesn't seem to be too much info on what it actually is, is it just an alternative to Trading212 say?

Cheers
 
Delta3D said:
When you say Betfair, is this Tradefair? Just looking at it and without applying to join there doesn't seem to be too much info on what it actually is, is it just an alternative to Trading212 say?
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tradefair is just a white label spread betting site - essentially betfair own the brand/website but in reality the spread betting/CFD etc.. service is provided by another company - basically same company that owns and provides cityindex and forex.com etc..

But no I don't mean use that - what I mean is that you're going to play around trading some small amount you might be better off with a crypto exchange or betfair etc.. betfair is a sports betting market place.
 
Slightly OT but I am now debating whether using up the rest of my annual tax allowance for my stocks and shares ISA is a good idea. Confused as it feels a little like timing the market in the current situation. :(

May just increase monthly deposit instead to average out cost better.
 
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