General
20 Jun 20
20 Jun 20
@hells-caretaker saidI don't do crypto currencies, but my local football team is actually sponsored by bitcoin SV.
What's your take on Bitcoin, is it a Pyramid scheme ?
Long term dividend stocks are my preferred investment. I'm small time, but i will be regularly adding.
- Joined
- 16 Feb 08
- Moves
- 116993
21 Jun 20
1 edit
@huckleberryhound saidJust sold all of mine a few weeks ago when it hit an all time high in a nice period between Trump making stupid disinfectant statements and focusing on sucky economic promises.
So, i've started investing in the Stock market (Since April). Any other traders in the forum?
I wouldn’t invest £1,000 in the stock market at the moment any more than I’d stick it in a slot machine.
21 Jun 20
@great-big-stees saidSound advice. Do you dabble yourself? I'm guessing Canadian banks, right?
At your age, use only discretionary money in the stock market.
21 Jun 20
@divegeester saidThat was probably a wise decision for you. So you dabbled in trading then?
Just sold all of mine a few weeks ago when it hit an all time high in a nice period between Trump making stupid disinfectant statements and focusing on sucky economic promises.
I wouldn’t invest £1,000 in the stock market at the moment any more than I’d stick it in a slot machine.
- Joined
- 16 Feb 08
- Moves
- 116993
21 Jun 20
@huckleberryhound saidActually no, I just had a bunch of med-tec stock and options which I was sitting on. So to be fair I’m a low risk investor and not the best person to advise you.
That was probably a wise decision for you. So you dabbled in trading then?
21 Jun 20
@divegeester saidLong term dividend stock myself, i'd consider biotech risky, as the flip flop on FDA approvals.
Actually no, I just had a bunch of med-tec stock and options which I was sitting on. So to be fair I’m a low risk investor and not the best person to advise you.
21 Jun 20
I started investing when I realised my predictions were as good as the experts.
I stopped investing when I realised my predictions were as bad as the experts!
If you are young then a diverse portfolio will see you well,
but if you are older than it's a risk.
In my opinion stock market investment is for the long term
(20+ years) Property is probably a much better option.
A HUGE deciding factor is how you are taxed on returns
(dividends/rent) and on capital growth.
21 Jun 20
@wolfgang59 saidIf you're going to speculate, then you can expect no more return than a sports bet. I spent a week listening to people like Buffet and Munger speak before i made any move. I don't see this as a get rich quick scheme, that's how you end up betting. Long term investment with a look to creating a passive income in my old age.
I started investing when I realised my predictions were as good as the experts.
I stopped investing when I realised my predictions were as bad as the experts!
If you are young then a diverse portfolio will see you well,
but if you are older than it's a risk.
In my opinion stock market investment is for the long term
(20+ years) Property is probably a much better ...[text shortened]...
A HUGE deciding factor is how you are taxed on returns
(dividends/rent) and on capital growth.
- Joined
- 06 Nov 15
- Moves
- 41301
21 Jun 20
@huckleberryhound saidBuy low...sell high.
So, i've started investing in the Stock market (Since April). Any other traders in the forum?
Wait to spend profits, until you're ready to die.
@divegeester saidTrump could possibly be the worst POTUS of all time. The U.S. have a lost a lot of allies and respect the past 4 years. Lets hope they don't make the same mistake in November, or that certain places known not to be Trumps supporters are not somehow unable to vote. I believe they have a very corrupt government right now. Did anyone see or hear any parts of his speech last night? Another all about me speech if you didn't see it, didn't miss much.
Just sold all of mine a few weeks ago when it hit an all time high in a nice period between Trump making stupid disinfectant statements and focusing on sucky economic promises.
I wouldn’t invest £1,000 in the stock market at the moment any more than I’d stick it in a slot machine.
-VR
21 Jun 20
1 edit
@huckleberryhound saidThe stock market is a very tricky place anytime, but now more than ever. I wouldn't play with anymore than I can afford to lose.
Be fearful when others are greedy, be greedy when others are fearful.
-VR