Playing the Stockmarket

[MrPahoehoe]

I've always been interested in the idea of playing the Stockmarket. I've been saving money for a while now, so i have some 'disposable' funds, that I could afford to spend and relecutantly afford to loose. Also I think its probably a good idea to try to build up a portfolio due to the pension farce in the UK, as I don't really fancy working till I'm 90!

The problem is I have no idea about it: What is the best way of investing in the stockmarket? How much money would I be the minimum I would realistically need, since I don't have loads? And any general tips for beginners from you multimillionaires, would be greatly appreciated!

Thanks!

[dzug]

Given the costs of buying and selling, it's not worth putting less than �1k in any one share - some would say more.

If you want to put in less at a time, consider a unit trust or investment trust savings plan - or an ISA. These would also spread the risk.

[El D]

Start off with a nice beginners website like

www.fool.co.uk

(its not a joke honest)


Once you have a basic understanding of what the market is all about you need a plan - timescales, amount of � to put in, how much you are prepared to lose, how much maintenance you will give etc.

Once you have a plan you can then research which stocks will suit your portfolio.

[BigMac]

You can get a broad exposure to the stock market through unit trusts/OEICs but you might also want to look at Investment Trusts - an often forgotten sector.

For individual shares there is a number of sites - e.g. T.D. Waterhouse - but as dzug above has noted the commission charged is a serious consideration. With stamp duty and commission, if you bought �100 of shares you would need to get a return of 25.5% just to allow you get your �100 back again...

First call for any disposable funds, as ever, must be debt clearance (credit and store cards, overdrafts) and then maybe the mortgage, if you have one. Don't even think about stock market investments unless you are absolutely certain you can afford to lose. Make sure you use tax-efficient savings too, such as min-cash ISAs and use the stocks and shares ISA wrapper for your initial share investments (probably in unit trusts/OEICs and investment trusts).

Good luck.

[MrPahoehoe]

Thanks for the advice!

Unfortunately I'll probably have to save up a bit more money before i make my first million though....unless i use buddha's idea, which i really like. Buddha, do you happen to know anywhere i can learn to play poker without loosing all my money that i've saved up ;-)

[MrPahoehoe]

Thanks Buddha, I'm gonna have a read through all that. I'm generally pretty busy at the minute, so I wont be really fast, but I am interested in learning to play poker and I appreciate your hlep.

[StockPicks]

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[StockPicks]

Markets can be seen and exchanged many ways. Members can pick and produce their own danger and time span. Eventually the instruments we exchange encourage us to express our feeling with in the picked hazard parameters.

My comprehension of business sectors and value activity stayed murky till around 5 years prior with no genuine training .

I went over the Giants in the field of business sectors and Speculation Victor and Brett which opened my eyes to Scientific technique and Counting and I began an interminable adventure.

My advantage and interest to comprehend insights began from DailySpec andEdSpec

Intriguing and educative in the custom of DailySpec by NewtonLinchen

Quantitative and Systemic deduction from SohamDas. Captivating perusing . In his words Mathematics seems like Literature.

I accept for a starter 2 readings of Investments, Trading& Exchanges, EdSpec will give strong base of operations to have a structure for review the business sectors.

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