- 1 Sep 2016
- Great Britain, Greater Manchester
I may well see how my funds go after not wasting so much and after a year see if I can get into this sort of stuff.I do it myself, I had to go and completely educate myself from zero.
I use a company called degiro which is the cheapest around. Right now I'm about 5% up but I was far higher(around 13%), I made one bad investment(bought Lyft on it's opening day trading on the market and it tanked) and one risky one that will hopefully pay off soon(Boots shares crashed so I lumped in as it's a historically good company and it should go back up this year). I've most of my money in oil as I bought Exxon shares when Trump's silly comments crashed the market on Christmas Eve, and I've a big chunk in an American Hotel REIT.
If clueless and you just want to lump in, buy an ETF index fund. The Vanguard S&P 500 ETF is the safest bet as it allows you to own a small share of the top 500 companies. So some may struggle at times but the fund will always have it's winners.
My rule is if it doesn't pay a dividend I don't want it. Others take a different approach, but again if you just want to lump in I'd look at some ETF's on offer.
In the meantime I’ll read up on it and familiarise myself with what’s what.
Is there anywhere in particular I should look to educate myself?