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Old 02 February 2009, 15:42   #1
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Stocks and shares...

Evening all,

ANyone know out about stocks and shares. Been bored with the crap weather and had a quick look but don't know where to start, or what account to open.

I'm currently using Yahoo fantasy thingy to see how I do?

Any help is appreciated,

Thanks

Phill
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Old 02 February 2009, 16:11   #2
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Yeah .. dont do them unless you can afford to lose some money before finding out how to do them properly Then you need a potentially evil disposition, and balls of steel at the moment , and a good eye for looking at the market, an eye for summing up a companies strengths and their weaknesses, and a constant awareness of their position in their marketplace, and a good general view of the whole market place. Oh .. and some luck .. and a decent broker and shed loads of time to do research, research , research.

I use these dudes here as their dealing prices are reasonable but there data is 15 mins or so delayed, so if your working with something really hot, you wont get the best price, unless you subscribe to their premium service,.. which costs more per deal,.. you'll need to get on the phone, and there are other web based services you'll find update faster than theirs to get a more accurate price, but Barclays have a nice place to manage all your accounts, for shares, funds, and all that stuff
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Old 02 February 2009, 16:28   #3
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It was Barclays I was looking at as a friend mentioned they were what he got recommended.

What sort of account do I need with them?
I'm just looking to have a play at the moment with small amount to see what the score is.
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Old 02 February 2009, 17:15   #4
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Is this one any good?

http://www.barclays-stockbrokers.co....tocksandshares
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Old 02 February 2009, 18:12   #5
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Quote:
Originally Posted by chewy View Post
Thats the one my link pointed to. TBH, I only do them from time to time, and haven't had much of an appetite lately due to market conditions, so others may be best to advise you on the latest offerings. I haven't got into the real complexities of shorting etc, cos I'm not that much of a gambler, nor do I have the time to study the market as effectively as that requires, but place some funds in a holding account, or sign over some stocks you may already have, and they'll happily open an account and give you a basic credit limit which will grow as your portfolio does, and allow you to deal straight away,. but be warned .. its very very easy to lose money this way !

Barclay's offers some good training areas on their site to introduce you to how the markets work, but I found that it really takes quite a while before you are ready to do so, and even then, I only made very small deals for a couple of hundred quid here and there for about a year before moving up, many of which I lost Barclay's , Alliance & Leicester to name but two .. that said I covered my A&L loss on some profits on them before the credit crunch appeared. You need to have a firm view on what risks you want to take, and it is not an exact science ..

on balance I'd say .. being bored with the weather isn't a good reason to take this up .. don't mean to be derogatory .. but right now ..the way things are .. if you've got some spare cash, I'd stick it under the mattress
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Old 02 February 2009, 18:44   #6
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Sorry mate didn't see your link.
I've been thinking of doing it for a while but with been away at work and stuff I never really had time to look.
I've had that much time on my hands today I brought my console in the front room and polished it all!

I'll have a read up on it and see how I get on, the Fantasy Trader seems good at the moment.
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Old 03 February 2009, 03:15   #7
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It's pretty easy to make a small fortune.
Just start with a large one.
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Old 03 February 2009, 04:23   #8
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Yep better to put it somewhere safe like bricks & mortar
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Old 03 February 2009, 04:40   #9
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Yep better to put it somewhere safe like bricks & mortar
Maybe here...remember the buyer haven't gone away,as soon as a smart corporate see's the time is right for lending as a business ,I think the bun fight will start again.


Properties or specifically land in Iraq (Central Bagdad) is where people should be looking...not advise, just an opinion..
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Old 03 February 2009, 06:53   #10
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Ahh summer hols in Baghdad.
I'm already trying with the land, the council are leasing me a decent size bit for my car and boat and will hopefully in few years sell it to me.
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