Hi Guys & Girls

My name is sam i have just inherited little bit & have about 100K to invest in stock Market.
Please help me with what shares to buy?
What Stock Broker?
I dont mind high Risk shares.

Many Thanks

Sam

read what pth has said - we are not advising - do your own research

You don't wanna buy the sort of shares tipped by the sort of person who would tip shares.(??)
Best investment you could possibly make is a good book on understanding business fundamentals, and a very long time of pretend trading, while you test your ideas, theories and strategies, and see how much you would have lost.
Then and only then, should you think about playing the markets. Meanwhile, stick all the money in a high interest account (except a tenner for that book), and learn. The markets will still be here when you are ready.
Alan

Alan, can I borrow your book please?

You can, but if my success over the last couple of years is anything to go by, the guy who wrote it is a complete ass.
Alan

Must be the same guy who wrote my TA book :-)

as many people have pointed out , if they were any good why would they tell other people?

Sam,

Alan is right. I found myself in a similar situation to you a few years back (although not with quite as much money) and made some heavy losses before finally beginning to sort out what investing is really all about. EDIT: In retrospect I think it took me as much as five years before I could really say I felt I had grasped it - this could have been cut down considerably had I been more diligent in my learning in the first place!

There is no substitute for education and your own sound judgment; unfortunately these take time to learn but are skills that will pay for themselves many times over. You will learn to develop your own "feel" for investing and to form your own opinions as to why a stock may or may not be worth investing in, which is most important.

I'm sorry if you were hoping to discover a money-making machine on this forum. Believe me, if such a thing existed then none of us would have day jobs.

You need to understand how both companies and the stock market work, and that is going to take time and effort. If you don't think it is worth it now, you will do when you've invested 10,000 in a stock and seen it turn into 3,000 in a mtter of months while you panic over what to do about it.

Book recs to help you out:

"How to read the Financial Pages" - Michael Brett

"A Guide to Stockpicking" - Gillian O'Connor

both of these books are good on the basics of what stocks and markets are all about.

Anything by Peter Lynch - I read "One up on Wall Street" and found it to be the most accessible and memorable text on investing I have yet read.

Also worth a read; "The Zulu Principle" by Jim Slater.

Do not bother to read: "How to make a Killing in Penny Shares." It's out of print, and with good reason: it really is not a very good book on investing.

You should consider taking the Financial Times on a regular basis as there is nothing like immersing yourself in the jargon on a daily basis for bringing you to the point where you wake up one day and say "I understand how this works!" If you find the FT difficult to digest initially, the business pages of the Times are also excellent, in my opinion.


Finally, NEVER, EVER, publish on a bulletin board how much you have to invest. Some unscrupulous person out there could persuade you to invest a lot of money in a "sure thing", which turns out to benefit only them. I can think of two or three stocks I could have suggested you buy right now in order to make me a huge profit. Instead, I have attempted to warn you of the dangers. Not everybody on this BB is so caring (although I take my hat off to PTH and Alan who I understand to be on the level).

RE Stockbrokers - some independent brokers provide an advisory service, suggesting which stocks you might like to buy and when. Could be worth looking into. Most of us on here make our own way and use online brokers, of which there are many. Which one you should use is a matter of choice, but if you intend to trade frequently, obviously you'll want to use one that charges very little to trade.

Don't be in a hurry to adopt a short term, day-trading strategy. There are people who make money at it, but the shorter the term, the more it starts to look like gambling. Far better that you acquaint yourself with the markets and learn how to invest for the medium to long term.

Okay, sermon over, I think.

Enjoy your learning and, one day, your investing! Please feel free to use this forum and ask lots of questions - the more you learn, the better and more successful your investing will be.

good luck!
Soul Traders

Good post ST, can I start ramping my stocks now ;-))

Hi sam
Good luck with the investing. Invest in whot YOU have researched. Don't listen to others.
pt give him a good one to start with.:-)
PS buy low sell high.LOL
Dave

Thanks Soul Traders

Thanks PTH - what's on the ramps today? I've got 47 and half a bag of Skittles that I'd like to turn into a Ferrari by tomorrow lunchtime! :o)

A pleasure, MoneyAngel.

Leedslad - you've just reminded me of the old brokers' joke about a private investor being somebody who buys shares when they are expensive and sells when they're cheap! Hopefully we'll be able to debunk the myth!

It takes courage and conviction to buy stocks that the herd doesn't seem to be backing.

I have an unlimited number of currency traders I would like to turn to dust having spiked me out of a cable short and then dropped it like a stone, all within 5 mins. &^%$*** +*&^&*&^

:-(

The joys of FX

pth

soul trades
Thats me get in first before the herd.
:-)
dave

PTH: Old Chinese Proverb say: Man who keep shotgun by front door have no need to get angry :o)

ah, best get me a shotgun then, preferably one with three barrels!

lol

I wonder how many of us listen to our own sage advice????

moneyangel, welcome to world of stockmarket investments. Has all above have said you have to do as much reseach has you possibly can. You may then want to set up a watchlist or a portfolio (a dummy one) with someone like digitallook.co.uk. This will enable you to track how well your reseach has been.

Only then should consider investing with real money. Once you have decided this, only invest with money that you can afford to invest for the longterm or lose. You won't be able to make a fortune overnight and should attempt to make over 10-20% on your low risk investments and 25-50% with your high risk investments.

It is adviseable to always take some profit of the table when these initials targets have been met. A profit always feels better and the market can never take it back once you have taken it. But it sure can bite you when you least expect.

So plenty of research is required combined with plenty of patience.

Happy hunting.....carpe a diem.

Thanks for your Advice contrarion