Trading the stockmarket (NO Referrals)

mid_gen said:
There is a simple solution to this problem. It's the German system of compulsory unemployment insurance.

Everyone pays a small percentage of their income on the insurance. If you are made unemployed for whatever reason, you get 60 percent of your salary (up to a cap) each month, for 12 months, then it tapers for a further year.

You also get access to training grants during that time to skill up while job hunting.

Can't even be accused of being red-under-the-bed communism. It's just straight common sense approach to an employment safety net.
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In Switzerland it's 70%. Plus, state benefits (not unemployment insurance, I am talking about people who don't work) are heavily means-tested and if you take from the state then you really only get the minimum required to live and they make you work for every penny. It would be a UK dole scroungers nightmare.
 
inferno said:
Thinking of buying TQQQ, 3x leveraged nasdaq ETF. Tell me the pros and cons? I already have SPY and QQQ.
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Leveraged ETFs like TQQQ only really track accurately intraday, not really meant for holding.

As you’re holding QQQ and SPY .. I presume it’s meant as a hedge? Selling covered calls could be an option.

Edit : Just realised TQQQ tracks QQQ x 3, I was getting it mixed up with SQQQ. Same principle applies though - I personally wouldn't hold a 3 x leveraged ETF in current choppy markets !
 
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Yucca said:
@Ironic Namesake The website has a million articles and lots of info but I cant see a beginners guide anywhere?
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You could start here perhaps:

https://www.amazon.co.uk/Guide-Using-Financial-Pages-Guides/dp/0273727877

It's like £1.62 used...

They have a few other books on investing (for example: https://www.amazon.co.uk/Financial-Times-Guide-Investing-Definitive/dp/1292005076/), value investing etc.. too. but the above will answer your initial queries mentioned here:

Yucca said:
I want to learn the basics. What p/e ratio, market cap, div yeald, means etc and all the other random metrics. Can someone recommend me a free online simple course, video or tutorial please?

I literally know nothing other than looking at the share price and whats going on in the news.
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Ironic Namesake said:
Leveraged ETFs like TQQQ only really track accurately intraday, not really meant for holding.

As you’re holding QQQ and SPY .. I presume it’s meant as a hedge? Selling covered calls could be an option.

Edit : Just realised TQQQ tracks QQQ x 3, I was getting it mixed up with SQQQ. Same principle applies though - I personally wouldn't hold a 3 x leveraged ETF in current choppy markets !
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I was just thinking of putting 10K USD in TQQQ, maybe not now but later on, when things seem to be picking up. I'm trying to figure out why they are not meant to be held for a long time, someone said it was because of decay due to the leverage, but the long term graph on google atleast looks hella good.


Edit: did some more reddit reading, will not be investing in TQQQ lol
 
Yucca said:
@Ironic Namesake The website has a million articles and lots of info but I cant see a beginners guide anywhere?
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Sack off learning about analysis. Pointless if you don't know how to fit those pieces of the jigsaw together.
If you are a blank slate, you are much better off reading something like this. You'll learn far more about investing than learning about p/e, p/b, eps, div, yield, peg etc etc

https://www.amazon.co.uk/Investment-Biker-Around-World-Rogers/dp/0812968719
https://www.amazon.co.uk/dp/B000W0Y...olid=104I3AWL7VLFI&psc=0&ref_=lv_ov_lig_dp_it
 
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inferno said:
I was just thinking of putting 10K USD in TQQQ, maybe not now but later on, when things seem to be picking up. I'm trying to figure out why they are not meant to be held for a long time, someone said it was because of decay due to the leverage, but the long term graph on google atleast looks hella good.


Edit: did some more reddit reading, will not be investing in TQQQ lol
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Yeah they're meant to be held intraday only really - they only track 3x for each day. If you look at the 1/3 Yr performance there's a big difference (far off 3x!)

If you want more leverage - depending on broker you'd be better off either buying more QQQ on margin, or buying call options for more exposure.
 
TangoEchoAlpha said:
Not personally, but my understanding is that trades aren't 'instant' unless you pay extra to have them done immediately. Personally I use Trading 212, very happy with it. If you decide to use that, there are plenty of referral links going around (including mine ;)) where the referrer and the new user get a free share.

If you don't already have an ISA, definitely worth going down the stocks and shares ISA route on Trading 212. It behaves exactly the same as their 'invest' platform, but with the tax benefits from the ISA.
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Yeah you are right the buy or sell happens at a certain time of day not immediately. Dam!

Do 212 charge anything for the ISA?

Is your referral on here I can't see it in your sig.
 
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Vanquish-Storm said:
Yeah you are right the buy or sell happens at a certain time of day not immediately. Dam!

Do 212 charge anything for the ISA?

Is your referral on here I can't see it in your sig.
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Do you want to get a free stock share worth up to £100?

Create a Trading 212 account using this link (Referral links not allowed) and we both get a free share!

No, no charges for the ISA. You may have to wait a little while if they need to do ID verification. Getting close to the deadline for the new tax year, so if you have spare cash to put into any ISA, now is the time to do it!

Good luck :)
 
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TangoEchoAlpha said:
Do you want to get a free stock share worth up to £100?

Create a Trading 212 account using this link (Referral links not allowed) and we both get a free share!

No, no charges for the ISA. You may have to wait a little while if they need to do ID verification. Getting close to the deadline for the new tax year, so if you have spare cash to put into any ISA, now is the time to do it!

Good luck :)
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Thanking you, I will try get that sorted tomorrow nif I get time!
 
Trusty said:
Sack off learning about analysis. Pointless if you don't know how to fit those pieces of the jigsaw together.
If you are a blank slate, you are much better off reading something like this. You'll learn far more about investing than learning about p/e, p/b, eps, div, yield, peg etc etc

https://www.amazon.co.uk/Investment-Biker-Around-World-Rogers/dp/0812968719
https://www.amazon.co.uk/dp/B000W0Y...olid=104I3AWL7VLFI&psc=0&ref_=lv_ov_lig_dp_it
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Im looking for somthing shorter and simpler. Like 25-50 pages. Not a big book. These seem a bit intense for a beginner...

Also surly learning the analysis and what the basic metrics mean will be the best way for me to see if a share is overvalued/undervalued, company has good cash in the bank/or not and things like divi payment likelyhood and growth over time etc? What else can I pick my stocks on if its not value or sentiment.
 
Ok after reading the news and analysis over the weekend I am calling a new 2020 low on the FTSE and Dow to be hit on or before 8/4. Given the news flow coming out of the US, NY we are all in serious poop. All this stimulus is priced in to current valuations too. Let’s see if I am right.
 
Yucca said:
Im looking for somthing shorter and simpler. Like 25-50 pages. Not a big book. These seem a bit intense for a beginner...

Also surly learning the analysis and what the basic metrics mean will be the best way for me to see if a share is overvalued/undervalued, company has good cash in the bank/or not and things like divi payment likelyhood and growth over time etc? What else can I pick my stocks on if its not value or sentiment.
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Then there's no point, give your money to somebody else to manage. They will do a better job. Anything that you pick will be luck tbh.

..if you wanna understand it properly, then you need to read books. There's no shortcut unfortunately, and if you are a blank slate, reading why people invest will give you a better understanding about why you are picking certain stocks rather than some arbitrary numbers.

Just my 2 cents.
 
You need to be willing to invest time in getting your knowledge up to speed if you want to invest yourself properly. There are thousands of videos on YouTube, just search for some of the terms you want to know more about. It’s never been easier to get information.
 
Have to agree with Trusty as it's the way I got into it and it worked for me. Years ago I was thinking about "buying some shares" as an alternative to having all my unused money in a savings account. I bought and read a beginner book (think it was the FT one) and I came away with enough understanding to get into the game without making any rookie blunders. It was well worth the financial and time cost. Also, I learned what an ETF was and started my investment buying a few of them, hadn't heard of them prior to reading the book.

Now if only I'd read a similar book about crypto before I sloshed dosh in that area. :D
 
Lol

Crypto has been more stable than stocks last week

Well, I expected much bigger drops today than has occurred
 
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