I’m new to shares and would like to invest around £500, any ideas? I’ve recently had a gut feeling of buying shares in Northern Rock (179.30p), would it be advisable considering the circumstances. I’m planning to buy them within the week coming up, so would you suggest to wait a while longer or act now?
Thanks
2007-09-30 01:11:04 · 9 answers · asked by Alistair M 1 in Business & Finance ➔ Investing
Considering you are new to the market, read and learn about technical analysis of the stock market.
I personally would not buy the stock at this point in time.
It has been basing for a little bit, but has not proven to me that the down trend has ended.
I'd wait for it to retest and bounce of the 9/25/07 low with some good volume. Be sure to use a mental sell stop and stick to it. Best of luck to you on your decision. Having luck is executing with an educated mind.
2007-09-30 03:13:33 · answer #1 · answered by trader 4 · 0⤊ 0⤋
No I wouldnt but them at all unless ur prepared to lose some or all of your money.......imagine your £500 on a table in front of you & then someone takes away £400 how would you feel.....I know you want to make money & are prepared to take risk for better returns but this is to big a risk with the buying & selling spread to pay & brokers commision its all stacked up against you.
If this is all of your savings & you want to risk it on the stock market I suggest putting it into a fund that gives a spread of many different stocks one run by experienced managers with a good track record in the long term, one such fund that has underperformed recently & may present a good time to buy is The British Empire Seecurities Investment trust, although its for you to decide if now is a good time to invest or not.
2007-09-30 01:27:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
How does Trading Work? I can say you that take a look at this site ( http://forexsignal.kyma.info ) may be it can help you. It 's one of the best course about trading. It seems like Trading is almost totally based on Macro-economics. It also strikes me that since there are not nearly as many currencies as there are stocks/bonds/derivatives etc etc, there must be a large number of market players in each currency bracket. So logically, currencies must be very liquid true? Also, what is the risk of Currency trading, high or low? When I read the business section every day I notice that the Canadian loonie moves hardly a tenth of a cent on a regular basis (in comparison to the US dollar). So it seems like theres very little room for growth in currencies unless you leverage. On that note, whats the maximum leverage permitted for forex trading. I know in stocks its x2, and in derivatives its x10. Anyway the only way to know how to start a profitable buisness is by following some methods like the one that I suggested.
2014-10-04 02:15:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Wait 'til Thursday and go with your instincts.
Northern Rock will be taken over soon and share price will rise on news of interested parties.
2007-09-30 01:20:01 · answer #4 · answered by Anonymous · 0⤊ 0⤋
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2007-09-30 02:25:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Hmm, now that is a potentially sticky situation you could get yourself into, I suggest if you are new to it, wait a little longer as although the shares are relatively cheap, this does not necessarily mean that they will rocket any time soon, in fact quite the opposite could happen. Try investing in something a little less volatile at this early stage.
:) xx
2007-09-30 01:16:15 · answer #6 · answered by kjonno91 4 · 0⤊ 0⤋
1
2017-03-01 06:05:50 · answer #7 · answered by ? 3 · 0⤊ 0⤋
Great idea. Asking strangers (whose qualifications and motives can never be known), how to invest your hard earned money.
Good luck with that.
You also never mentioned how it would fit into your current "asset allocation" model.
If you don't have an "asset allocation" model, you should stop investing immediately.
Read some good books on investing. Make your own informed decisions. Never take tips. Never invest in hunches.
2007-09-30 01:33:49 · answer #8 · answered by Common Sense 7 · 0⤊ 1⤋
At that price there are as many buyers as sellers, which means there is no correct answer.
You pays your money and you takes your choice, governor.
2007-09-30 01:43:00 · answer #9 · answered by Anonymous · 0⤊ 0⤋