Think about this: Choose 10 companies on the stock market with low on 52wk prices. 2 Banks, 2 Construction, 2 oil, 2 mining, and 2 retail.
1) Open up an sharebuilder account (why not try Halifax, I did recently: and they only charge £1.50 per purchase)
2) Chose your 10 (see above) companies, with low current prices compared to their 52 week high (but avoid those contem[plating new issue of shares).
3) Invest £50 in each of these.
4) Wait for the prices to go up as the economy recovers 0.5 - 2 years.
5) Sell at a potential huge profit.
A couple of these companies may go bust, but you have chosen ten, spreading the risk, and you should, by my calculations, make a large profit if you sell at the right time. But avoid knee-jerk reactions: if prices dip, do not panic. Just keep your shares until the prices rise again.
(i am not a financial expert, but I have just started investing as well in much the same format as above)
BEWARE OF FINANCIAL ADVISORS: MANY OF THEM ONLY THINK ABOUT THEIR OWN POCKET AND WANT TO ROB YOU OF EVERY PENNY/CENT. MANY WILL GIVE SH*T ADVICE JUST TO MAKE MONEY FROM YOU.
· 1 decade ago