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Post by kazamx on Apr 28, 2020 15:43:23 GMT
This would be a lot more fun to watch if I didn't own the bonds. For some reason I also have £5 worth of equity, I have zero idea when or why I bought that.
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garfield
Member of DD Central
Posts: 490 
Likes: 268
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Post by garfield on Apr 28, 2020 23:23:19 GMT
We've steered clear of this lot!!
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Post by kazamx on Apr 29, 2020 7:49:34 GMT
If I'm buying stock then it's at least a £5000 commitment, maybe after an initial £1000/£2000 doorstep, but in most case I wouldn't consider less than 5k. I average between £10 and £30k per line. But, on WA I can pick up a position for £100 and that means I can hold a load of high yielders.
My bold How come? With the new zero commission brokers out there you can pick up small amounts of shares to mess around with without that level of commitment. I constantly buy tiny amounts to my portfolio, it forces me to pay attention to companies I would forget about. They are releasing fractional shares in the near future that will allow to to buy say £100 in Amazon rather than having to invest $2000+
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Post by kazamx on Apr 29, 2020 16:06:10 GMT
I think I treat stocks like you treat WiseAlpha. In fact I think I treat all my investments like you treat WiseAlpha.
It was only a few years ago I started to invest in anything outside of cash ISAs and fully managed S&S ISAs. I took to heart the don't spend what you can't afford to lose and Diversify, diversify, diversify.
Currently have money spread all over. I get obsessed with learning how things work. So did the P2P thing Ratesetter and AC. WiseAlpha for bonds. Bought a few things via Crowdcube and seedrs (a lot of fun, but dam the good companies are few and far between). I didn't really get the SEIS/EIS thing to start with, it was an amazing surprise when I had to do my annual return and got a nice big chunk of tax offset.
Just now I am spending most of my bandwidth on stocks. I found an App called Freetrade that lets you do free buy/sells with no minimum investment (actually found it on Crowdcube, invested in it and then started using it). Great for someone like me who doesn't have huge amounts of cash to put on each bet.
As always Treetophugger, please keep posting, I learned more from researching what you were talking about than from any other individual source :-)
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Post by kazamx on Apr 29, 2020 16:50:59 GMT
Thanks for all the stuff to look into.
Fractions aren't out yet, they will be released to the users in May, but its just US stocks for now. UK and EU are meant to come later in the year.
I tried the day trading thing on one of those apps that lets you invest fake money while pestering the hell out of you to invest for real. I wiped myself out over and over. I don't think thats for me or any human being. The robots seem to own that now
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