Year 12s: what will be the first way you research your future options? >>

does anyone know how to invest/buy stocks?

im really interested in this area but have barely any knowledge on this, is this safe to do and what websites could I use etc and what is the whole point of this?

Reply 1

username5378306

To make money, Hargreaves Lansdown is a decent broker and has not bad rates. I recommend you search and learn up about investing before you try since it’s a risk of losing your money.

Trading 212 - has a free demo where you can trade stocks with virtual money - kinda gives you an idea and what it is about.

Reply 2

username2825764

I would recommend reading some books on finance and statistics before you bother investing. Don't just do blindly what some insta investor or etoro advert tells you to do.

Reply 3

Anonymous #2

If you're going to try and invest into stocks, make sure you have well above 10k (even 10k gives you the bare minimum if it does well), else don't bother. It's not a get rich quick scheme.

Reply 4

Clearing and Applications Advisor

Original post by Anonymous

im really interested in this area but have barely any knowledge on this, is this safe to do and what websites could I use etc and what is the whole point of this?

Start with https://www.sockshop.co.uk/blog/posts/august-2020/the-biggest-autumn-winter-sock-trends

Reply 5

username2825764

Original post by Anonymous

If you're going to try and invest into stocks, make sure you have well above 10k (even 10k gives you the bare minimum if it does well), else don't bother. It's not a get rich quick scheme.

it would be incredibly foolish to invest the entirety of the 10k if you don't know what you're doing. lots of idiots did that in the end of 2017 with cryptocurrency and practically lost everything

Reply 6

Anonymous #2

Original post by MalcolmX

it would be incredibly foolish to invest the entirety of the 10k if you don't know what you're doing. lots of idiots did that in the end of 2017 with cryptocurrency and practically lost everything

I completely agree. I wouldn't advise investing without a safety net either.

Reply 7

username5378306

Start by reading either the FT or WSJ - both have good content on investing

Reply 8

Profesh

Original post by Anonymous

If you're going to try and invest into stocks, make sure you have well above 10k (even 10k gives you the bare minimum if it does well), else don't bother. It's not a get rich quick scheme.

Frankly, even £10,000 deposited in a global index fund either during or shortly after university and then left untouched for the remainder of your working life—assuming dividends re-invested—would be £10,000 very well spent.

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does anyone know how to invest/buy stocks?

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