Depends on your level of knowledge, for beginners probably an index fund. Though personally (even as a beginner), I would be happy owning Apple, Microsoft, Facebook, Visa and Mastercard.

Keep everything in an ISA, so HMRC don't rob you.

Reply 184

SchmuckOff

20

I wouldn't use it. They have high fees and spreads. $25 Just to withdraw!

Original post by LillyAllen

hey guys! have any of you heard of the site etoro? would anyone recommend this for a newbie like me? thoughts??

Reply 185

Etomidate

15

Original post by Bsola

What type of ISA? Though the max was 20k

£20k is the maximum annual allowance of what you can put in. You can put in another £20k the following year, and the year after that etc.. The growth of that money also remains under the ISA wrapper.

Reply 186

username4818182

9

Is dropping tens of thousands into the stock market a bad idea for a first time 'investor'?
Or is it a better idea to do a couple of hundred and slowly increase the amount you put into stocks?

Reply 187

maachu_pichuu

OP

20

Original post by LillyAllen

hey guys! have any of you heard of the site etoro? would anyone recommend this for a newbie like me? thoughts??

Use Freetrade to invest.

Reply 188

maachu_pichuu

OP

20

Original post by thatsthatthen

Is dropping tens of thousands into the stock market a bad idea for a first time 'investor'?
Or is it a better idea to do a couple of hundred and slowly increase the amount you put into stocks?

Put it in gradually

Reply 189

maachu_pichuu

OP

20

Original post by Bsola

What type of ISA? Though the max was 20k

Stocks and Shares ISA, max is 20k right now, but may change in the future.

Reply 190

Quady

20

Original post by maachu_pichuu

I haven't done this in a while, ask me anything on the stock market/ investing/ finance.

Whats your yield?

Reply 191

maachu_pichuu

OP

20

Original post by Quady

Whats your yield?

Do you mean yield on dividends? It's pretty low, since most of my stocks don't pay a dividend or only pay a small dividend. It's probably around 2% I think.

Reply 192

Etomidate

15

Original post by LillyAllen

hey guys! have any of you heard of the site etoro? would anyone recommend this for a newbie like me? thoughts??

You need to choose your trading platform carefully as there is a great deal of variation in fees and running charges. Different platforms suit different investors depending on the amount they are investing and how often they trade.

Not paying careful attention to fees and taxes is probably the main reason why the majority of retail investors lose money.

Reply 193

Etomidate

15

Original post by LillyAllen

hey guys! have any of you heard of the site etoro? would anyone recommend this for a newbie like me? thoughts??

You need to choose your trading platform carefully as there is a great deal of variation in fees and running charges. Different platforms suit different investors depending on the amount they are investing and how often they trade.

Not paying careful attention to fees and taxes is probably the main reason why the majority of retail investors lose money.

Reply 194

maachu_pichuu

OP

20

Original post by Etomidate

You need to choose your trading platform carefully as there is a great deal of variation in fees and running charges. Different platforms suit different investors depending on the amount they are investing and how often they trade.

Not paying careful attention to fees and taxes is probably the main reason why the majority of retail investors lose money.

Good point, but I feel the most money is lost when retail investors buy poor companies in good economic times. Then their capital is destroyed and they panic sell out at the bottom.

Freetrade is still by far the cheapest right now in the UK.

(edited 4 years ago)

Reply 195

Jono*

18

Original post by SchmuckOff

Are you white?

yeah

Reply 196

alanmokrousov

8

Heya,

I'm currently 17 and unable to open a brokers account. I'm planning to set up a custodial account and was wondering if you could recommend an organisation that provides the best opportunities for someone investing long term with quite a limited starting sum (around 2k)

Original post by maachu_pichuu

Good point, but I feel the most money is lost when retail investors buy poor companies in good economic times. Then their capital is destroyed and they panic sell out at the bottom.

Freetrade is still by far the cheapest right now in the UK.

Reply 197

jimmy432

10

Original post by maachu_pichuu

Don't, it's not an investment. Think of stocks instead and think of them as businesses. Think what are you buying and if the price is fair for the cash they may generate in the future.

worst advice ever

Reply 198

maachu_pichuu

OP

20

Original post by alanmokrousov

Heya,

I'm currently 17 and unable to open a brokers account. I'm planning to set up a custodial account and was wondering if you could recommend an organisation that provides the best opportunities for someone investing long term with quite a limited starting sum (around 2k)

I would not recommend investing under 18, the legal implications are complicated. Your parents can open a Junior ISA with any UK broker, but they are custodians of the money. Wait till 18 and then open an account with someone like Freetrade.

Reply 199

maachu_pichuu

OP

20

Original post by jimmy432

worst advice ever

Lol.

1. Think of stocks as businesses
2. Buy within your circle of competence
3. Buy within a margin of safety for future cash flows

That advice made one man from omaha, nebraska $90 billion over his lifetime.

I have £84,000 in the stock market, AMA.

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