Discussion
Hi all,
I have been interested in shares for nearly year now and have been doing virtual trading on Bullbearings.co.uk and currently have about £120K portfolio with about £97K cash so about a 115% increase in the past year - not bad.
I know trading with real money is alot different but i have been researching shares constantly lately.
Currently following amongst others GKP with great interest - now looks like a good time to buy?
I will most likely be trading with III.
Any tips?? I am hoping to start with no-more than £400 in the next couple of weeks and build up a portfolio on a monthly basis.
Thanks,
Matt.
I have been interested in shares for nearly year now and have been doing virtual trading on Bullbearings.co.uk and currently have about £120K portfolio with about £97K cash so about a 115% increase in the past year - not bad.
I know trading with real money is alot different but i have been researching shares constantly lately.
Currently following amongst others GKP with great interest - now looks like a good time to buy?
I will most likely be trading with III.
Any tips?? I am hoping to start with no-more than £400 in the next couple of weeks and build up a portfolio on a monthly basis.
Thanks,
Matt.
I don't claim to be all knowledgeable when it comes to trading, but reasonably experienced (certainly cannot boast 115% annual returns). You have some important issues to consider:
1. on a 400 pound trade iii are going to charge you 10 pound commission, that's 2.5% immediately, plus the same when you close the trade. I.e. to break even you need to make at least 5% (excluding bank charges etc to get your money to iii in the first place). 5% might not sound like a big deal to you but in the real world where fund managers are worshipped for returning 20% it is a big deal. Personally, i would save up and wouldnt make any trade where fees are going to exceed 1%. Or if you are desperate to get in look at spread betting that's what most people do with small amounts of capital, but bear in mind this is far higher risk that trading in shares.
2. I know nothing about GKP but just pulled up their info out of interest. Maybe you know a lot more about oil and gas situation in Iraq and Algeria than me because buying into this stock would be like putting your money on a roulette table. What are your resons for liking this stock? You had better be up on the political situations in these regions, because that is going to be a significant factor. Market Cap is 431mn revenues for 2008 fell 81.5% to 1mn. Do you think the company is worth the market cap? They post loss after loss, their balance sheet is slightly better, but their cashflow is dire.
If i were to give you advice (and dont take this personally) go back to the drawing board, dont just research stocks, read about investment strategies and methods of investment. This would be a very high risk trade, the stock has lost 8% this week alone and 52 week range is 433%!
1. on a 400 pound trade iii are going to charge you 10 pound commission, that's 2.5% immediately, plus the same when you close the trade. I.e. to break even you need to make at least 5% (excluding bank charges etc to get your money to iii in the first place). 5% might not sound like a big deal to you but in the real world where fund managers are worshipped for returning 20% it is a big deal. Personally, i would save up and wouldnt make any trade where fees are going to exceed 1%. Or if you are desperate to get in look at spread betting that's what most people do with small amounts of capital, but bear in mind this is far higher risk that trading in shares.
2. I know nothing about GKP but just pulled up their info out of interest. Maybe you know a lot more about oil and gas situation in Iraq and Algeria than me because buying into this stock would be like putting your money on a roulette table. What are your resons for liking this stock? You had better be up on the political situations in these regions, because that is going to be a significant factor. Market Cap is 431mn revenues for 2008 fell 81.5% to 1mn. Do you think the company is worth the market cap? They post loss after loss, their balance sheet is slightly better, but their cashflow is dire.
If i were to give you advice (and dont take this personally) go back to the drawing board, dont just research stocks, read about investment strategies and methods of investment. This would be a very high risk trade, the stock has lost 8% this week alone and 52 week range is 433%!
gkp is situated on some seriously dodgey land, which could be iraq or iran. its inland and needs a pipeline to get the black stuff to the sea. and a pipeline through iraq or iran is going to be costly..
short the dog i say. not worth it.
buy desire and rockhopper..
its a massive punt, but as you only have £400 if they strike it lucky you sound have a few grand.
or you could have nothing
short the dog i say. not worth it.
buy desire and rockhopper..
its a massive punt, but as you only have £400 if they strike it lucky you sound have a few grand.
or you could have nothing
I bought my first shares yesterday. I spent approximately 1000 pounds, an amount I could happily live without should the worse happen, but large enough so that brokerage fees were fairly immaterial. I bought some shares in a large construction company, one the biggest listed companies here in NZ. I saw it as a safe investment, in a company with a reasonable dividend yield (5.5%), some growth prospects due to being undervalued, and a fairly solid business (lots of govt infrastructure work). Certainly not a star performer, but hopefully a good start.
I would reccomend finding a company you understand well, for starters, and buying shares that are fairly safe. Dont expect to make a fortune, but it is more interesting than having your money in the bank. Good luck.
I would reccomend finding a company you understand well, for starters, and buying shares that are fairly safe. Dont expect to make a fortune, but it is more interesting than having your money in the bank. Good luck.
anonymous said:
[redacted]
This.However just take a look at the FTSE100 from 1984 to today. The overall trend implies circa 6000 in 3 years time with 6500 in circa 5 years time. As we are now at 5500 you could take the view that there is another 10 to 20 percent to be had by carefully picking some of these. Be mindfull however of the two troughs in the FTSE graph at around 3700....
Would anyone with more experience like to comment on the banks. just looking at LLoyds and Barclays and they are a long way down from their last high. Our current mess won't last forever, there's the money to pay back and loses to deal with, but this is surely factored in to the price already. Are these looking like a good punt to keep for a few years to see out the current mess and then climb again?
Just looking at RR at circa 500. This seems a bit optimistic as they depend on frivalous expenditure to keep going (i.e. people going on holiday by air) in a near future of belt tightening and the rise of the "staycation". At 450 I would (with real money, not a fake account), but as the all time high for them is just over 500 they look a bit high for me now. Again, would anyone comment?
Diversification is key. A balanced portfolio is the best way in my opinion. I am in property, builders, oil, mining, new fuel tech, pharmaceuticals and a few others.
An area to look at currently is oil exploration, GKP has made some of it's holders very rich. I was in it for a short while, too short to be honest. Take a look at other oil explorers. iii web site has heat maps that are useful for seeing what similar firms are up to.
An area to look at currently is oil exploration, GKP has made some of it's holders very rich. I was in it for a short while, too short to be honest. Take a look at other oil explorers. iii web site has heat maps that are useful for seeing what similar firms are up to.
Backtobasics said:
Diversification is key. A balanced portfolio is the best way in my opinion. I am in property, builders, oil, mining, new fuel tech, pharmaceuticals and a few others.
An area to look at currently is oil exploration, GKP has made some of it's holders very rich. I was in it for a short while, too short to be honest. Take a look at other oil explorers. iii web site has heat maps that are useful for seeing what similar firms are up to.
GKP was good to me An area to look at currently is oil exploration, GKP has made some of it's holders very rich. I was in it for a short while, too short to be honest. Take a look at other oil explorers. iii web site has heat maps that are useful for seeing what similar firms are up to.
i sold out, its not going anywhere i think.
DES is the next GKP
Anyone got any views on XTR and ACTA?? Have been holding these for a while now, very nearl sold XTR and would have made a tidy profit but held on too long and they cam crashing back down, ACTA haven't done anything for months now. Don't need the money so thinking just holding them for long term is the best bet here.
Im also in Ntog, hasnt quite as well as everyone in the know predicted.
I'm still hanging in there ( just because of the money i put in has pretty much halfed :/) and will continue to do so until the news that everyone wants will come along ( which should have happened in march!).
News on the company i believe is due at the end of this month, this is when an expected "rise" is to happen
I'm still hanging in there ( just because of the money i put in has pretty much halfed :/) and will continue to do so until the news that everyone wants will come along ( which should have happened in march!).
News on the company i believe is due at the end of this month, this is when an expected "rise" is to happen
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