Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Markie on 18 September 2007, 18:21:35
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Or is it just me :-/ Lots of fun, and less of a guess than the lottery..
Just made - or will tomorrow first thing - a tidy sum buying and selling online in shares of a certain troubled bank...nice little earner ;)
Not that i prey on the weak ;D
ps - i do mean the stockmarket and not some online fantasy site :o
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Good for you :y
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always been tempted to dabble, but scared to :D
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always been tempted to dabble, but scared to :D
theres plenty of sites that will let you play about with £20 - £30.....
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I get 3 or 4 spam emails a day saying buy shares in this or that company, they're about to rocket, hhhmmm :-/
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i have an idea of where to put a tiny amount of money, but i dont know where to go to get me started
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Something I've considered doing but not had the confidence to start. Any tips for the beginner would be appreciated Markie.
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i have an idea of where to put a tiny amount of money, but i dont know where to go to get me started
one of the best sites but theres a monthly charge http://www.stockbrokers.barclays.co.uk/
Apparently these guys are good - but i have not used them http://alliancetrust.digitallook.com/main_home
:y
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Something I've considered doing but not had the confidence to start. Any tips for the beginner would be appreciated Markie.
I go for bankers...go for an area or industry you are strong in. For me thats financial companies.
Look for big brand names and for just playing about buy and sell quick, dont keep shares long term if your having a bit of fun.
Example - we all know whats happening re northern rock, shares took a massive crash, panic ensues and the markets flooded with shares ( people want rid of them) supply far outweight demand. Therefore buying price is low.
Any troubled company hits rock bottom - be there to pick them up when they do. I bought NR shares yesterday lunchtime after the initial monday morning blip and as the share price gradually levelled out.
Rest of yesterday and today has seen the price of each share rise about 45p since i bought them. Near £200 profit. Yes they will continue to go up but they have made me my money and i am happy.
Another example - if you know a company is doing well annually and they are about to announce yearly profits - buying in them before the good news comes out can be profitable. Markets always react well to good company accounts :y
Of course shares can go up as well as down and theres a huge amount of speculation involved.
Try buying a few shares in a few well known companies - literally a few shares! and watch as the price goes up and down as they react to market news.
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I've played the stockmarket for around 9yrs now.
You really need the ability to go 'Short', not just 'Long'
as with normal Stockbrokers. So that means using
CFD's or Spreadbets.
The advantage with Spreadbets is that you are not liable
for Capital Gains Tax, and you don't pay Commissions
to the Stockbrokers.
Have a read of this site.
http://www.capitalspreads.com/public/
Find out how it all works, and open a Demo account and practise
with it. It's free to open the Demo account, and they give you a
'Pretend' £10,000 to practise with and learn how it all works.
Post up any questions you have, and if I'm online I'll answer them.
I treat this as a very interesting hobby that actually makes me money,
and you can't say that about many hobbies :)
DO NOT go barging in with loads of real money until you know
what you are doing!!!!!!!!!!!!!!!!!!!!
You're playing with sharks here and you will get eaten alive.
Approx 90% of short term traders lose their money.
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You're playing with sharks here and you will get eaten alive.
Approx 90% of short term traders lose their money.
thats the bit that worries me, cos i know nothing about anything where stockmarkets are concerned, when i go on their sites it may as well be in korean!!
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cos i know nothing about anything where stockmarkets are concerned
Then, seriously, leave it well alone until you do know.
Otherwise all you'll do is feed the market your money.
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You're playing with sharks here and you will get eaten alive.
Approx 90% of short term traders lose their money.
thats the bit that worries me, cos i know nothing about anything where stockmarkets are concerned, when i go on their sites it may as well be in korean!!
Me too, think I need to do a lot of reading before I jump though.
Thanks for the info guys, still wondering about selling the gas shares I inherited years ago. My mum had them since the day of Sid's sell off.
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You're playing with sharks here and you will get eaten alive.
Approx 90% of short term traders lose their money.
thats the bit that worries me, cos i know nothing about anything where stockmarkets are concerned, when i go on their sites it may as well be in korean!!
Me too, think I need to do a lot of reading before I jump though.
Thanks for the info guys, still wondering about selling the gas shares I inherited years ago. My mum had them since the day of Sid's sell off.
cant you get them valued?
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Or is it just me :-/ Lots of fun, and less of a guess than the lottery..
Just made - or will tomorrow first thing - a tidy sum buying and selling online in shares of a certain troubled bank...nice little earner ;)
Not that i prey on the weak ;D
ps - i do mean the stockmarket and not some online fantasy site :o
I was thinking exactly the same thing -- with such a kneejerk reaction by the public it was likely to rebound. Unfortunately I don't have access to an instant buy/sell facility required to take advantage of these kind of conditions.
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I get 3 or 4 spam emails a day saying buy shares in this or that company, they're about to rocket, hhhmmm :-/
Those are "pump n dump" scams... basically the scammers buy stock in what's usually quite a small company (penny stocks) as their price is much easier to manipulate. Once the e-mails go out people speculate that the interest generated will drive the price up (and if you check it out it probably has gone up, as both the scammers and early receivers have bought in). At that time the scammers dump their stock, reap the profits, and cause the price to crash. Usually by the time you receive the e-mail it will already have peaked so the chances of making anything are very slim -- most likely you'll make a sizeable loss.
It's very unfortunate for the company involved, as they usually have nothing to do with it, and it can leave them seriously devalued.
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I tied a few years ago lost quite a bit when the German stock market crashed, couldnt get my money out, i should have left it on the market and waited but nobody told me
No more for me :'( :'(
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I tied a few years ago lost quite a bit when the German stock market crashed, couldnt get my money out, i should have left it on the market and waited but nobody told me
No more for me :'( :'(
I've been investigating the Bratwurst futures market. Any advice CD? ;D
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I tied a few years ago lost quite a bit when the German stock market crashed, couldnt get my money out, i should have left it on the market and waited but nobody told me
No more for me :'( :'(
I've been investigating the Bratwurst futures market. Any advice CD? ;D
Yes not to bad an Invest there, looking at the bloody size of the Natives they must buy in bulk ;D ;D
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Never played the stock market - however last year I did make £550 playing roulette at an online casino! ;D
Never played again after that, as I didn't think I'd ever be that lucky again... :-/
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Glad youmade some cash Markie but the best buy yesterday was Alliance & Leicester - share price dropped on the back of NRock and rose again today by 30%. :o
If only we had a rewind time button ::)
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Glad youmade some cash Markie but the best buy yesterday was Alliance & Leicester - share price dropped on the back of NRock and rose again today by 30%. :o
If only we had a rewind time button ::)
I know mate, i took my eye off the ball on that one,
Folks, Seriously , dont go following me if your unsure....my academic background helps me here as i spend a few years studying this and spend 6 years with HBOS. I am by no means an expert but have been playing for 8 - 9 years on and of.
My secret - not really a secret i guess - is i am now not using my own money...."profits" i have are used to buy, so if it all goes Wall Street Crash wrong then the money i have lost is actually only my winnings...
Does that make sense.. :-/
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Glad youmade some cash Markie but the best buy yesterday was Alliance & Leicester - share price dropped on the back of NRock and rose again today by 30%. :o
If only we had a rewind time button ::)
I know mate, i took my eye off the ball on that one,
Seriously dont go following me if your unsure....my academic background helps me here as i spend a few years studying this and spend 6 years with HBOS. I am by no means an expert but have been playing for 8 - 9 years on and of.
My secret - not really a secret i guess - is i am now not using my own money...."profits" i have are used to buy, so if it all goes Wall Street Crash wrong then the money i have lost is actually only my winnings...
Does that make sense.. :-/
My one and only tip is to decide how much profit you want, and put a limit on to sell when it reaches the mark. If you wait for the extra £10 - you'll invariably lose.
The best deal I had was less than 48 hours for a £500 profit :y
The worst was £1k invested in a pharmaceutical company that was tipped to have a major breakthrough and would make me a mint....it didn't get the licence, shares fell, took over by a US comany, shares registered on the Dow Jones, lost all value and I had to pay £50 to get rid :-[
But if you want big returns you have to gamble, if not you should invest your cash in a bank bond and let someonelse do it for you :y
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Glad youmade some cash Markie but the best buy yesterday was Alliance & Leicester - share price dropped on the back of NRock and rose again today by 30%. :o
If only we had a rewind time button ::)
I know mate, i took my eye off the ball on that one,
Folks, Seriously , dont go following me if your unsure....my academic background helps me here as i spend a few years studying this and spend 6 years with HBOS. I am by no means an expert but have been playing for 8 - 9 years on and of.
My secret - not really a secret i guess - is i am now not using my own money...."profits" i have are used to buy, so if it all goes Wall Street Crash wrong then the money i have lost is actually only my winnings...
Does that make sense.. :-/
Just what my mate does in the bookies. He has a small bet, if it wins he pockets the notes then plays on with the change. When the change has gone he walks sounds like a good plan to me.
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I used to but now just sell a few shares to fund purchases e.g. new tyres for the Omega!
I started back in the heady early 80's when all the privatisations were going on. At the time I worked for BT and I was so convinced that the privatisation would go well that we borrowed money to buy. A few weeks later they were sold at a good profit and we bought a secondhand 4.2 daimler Xj6 with the proceeeds.
I would agree with the contributor who said only gamble with cash you can afford to lose completely. A good fun, low cost way into the world of stocks and shares is to join a share syndicate. Choose one with like minded people and one that is well run - with monthly statements, properly elected officials, meetings and has a constitution. I have been in two in the last 25 years. Each month you contribute an agreed amount say £40. With say 10 members you can make a purchase of say £700 of shares every other month. We looked to buy two types.
1. Stock for short term gain ( e.g. Northern Rock )
2. Stock for long term gain ( as well as regular dividends, share price increase)
When you take into account dealing costs to buy and sell the share price has to go up quite a lot to make a profit unless you are buying a lot!
Either through share syndicates or private purchases I have "owned " shares in at least 50 outfits.
Overall I made money. Some spectacular successes.
BAA
Eurotunnel
BT
Some desperate flops i.e. sold at a loss or went bust!
Walker Wingsail ( company that makes sails for oil tankers - the clues were there!)
Deutsche Post
Croesus- An Australian gold mining company. Still got the certificate but worth less than the cost of selling.
My tips:
Only use money you can afford to lose or be prepared to tie it up
Stick with the market you know.
Avoid penny shares.
Monitor your portfolio very regularly
Buy Tesco shares to hold (everybody needs to eat and they have great expansion plans).
olive
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I used to but now just sell a few shares to fund purchases e.g. new tyres for the Omega!
I started back in the heady early 80's when all the privatisations were going on. At the time I worked for BT and I was so convinced that the privatisation would go well that we borrowed money to buy. A few weeks later they were sold at a good profit and we bought a secondhand 4.2 daimler Xj6 with the proceeeds.
I would agree with the contributor who said only gamble with cash you can afford to lose completely. A good fun, low cost way into the world of stocks and shares is to join a share syndicate. Choose one with like minded people and one that is well run - with monthly statements, properly elected officials, meetings and has a constitution. I have been in two in the last 25 years. Each month you contribute an agreed amount say £40. With say 10 members you can make a purchase of say £700 of shares every other month. We looked to buy two types.
1. Stock for short term gain ( e.g. Northern Rock )
2. Stock for long term gain ( as well as regular dividends, share price increase)
When you take into account dealing costs to buy and sell the share price has to go up quite a lot to make a profit unless you are buying a lot!
Either through share syndicates or private purchases I have "owned " shares in at least 50 outfits.
Overall I made money. Some spectacular successes.
BAA
Eurotunnel
BT
Some desperate flops i.e. sold at a loss or went bust!
Walker Wingsail ( company that makes sails for oil tankers - the clues were there!)
Deutsche Post
Croesus- An Australian gold mining company. Still got the certificate but worth less than the cost of selling.
My tips:
Only use money you can afford to lose or be prepared to tie it up
Stick with the market you know.
Avoid penny shares.
Monitor your portfolio very regularly
Buy Tesco shares to hold (everybody needs to eat and they have great expansion plans).
olive
Some good advice there :y
The answer is now obvious....but anyone know the biggest land owner in uk....
And anyone want to speculate as to why. Tesco seems good long term ;)
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http://www.youtube.com/watch?v=lfSi0D7KESk
;D
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I've never played the stock market, But i would like to play online bingo but haven't had the courage
Too play and if it will break the bank :-/
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I think you have to actively monitor stocks, not just put them in the drawer and wait for a rainy day. I had several £K of British Energy stock, they seem to be good (everyone needs energy, right?), and were paying a good return. However the Acountants running the company screwed up, and somehow the major stock holders took control, and I got about £50 back. Once bitten........