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

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

Moneyangel,
Investing is an art, acquired through studying, experience, listening to people, and most importantly, being patient. There is no get rich quick system, unless you are extremely lucky, like some people are at playing cards. I would impress on you to have the moral principle in remembering that the money you inherited was most likely earnt and saved by person who gifted it to you, who would be bitterly disappointed if you frittered it away on the stock market in a irresponsible manner. You would not strip down and rebuild a racing car engine unless you are skilled mechanic, in the believe that servicing your old banger qualifys you. You only have to look at the views of financial "experts"? in the monday papers to realise how hit and miss it can be, picking companies to invest hard earnt money in. Some will advise buying a share, another hold existing shares and onother may suggest you sell. If they can have such a varied opinion, what chance do you have as a novice?. I feel you have a cavalier attitude, you may strike lucky on initial investments, get over confident, keep buying, have small losses, keep buying, have further losses, and gamble on hitting the winning streak again. If you do, you will likely lose heavyly. Remember that most successfull investors, usually, invest their own hard earnt money and slowly build up their holdings over a number of years. they read about companies, study trends, formulate what companies might benefit from changes that are ocurring by having the foresight to invest in these changes. There are so many factors to consider, experienced investors work hard researcing, waiting for opportunies to buy, watch director's buying, not small buys to bump up price, but genuine buys. These and many other facets are used by investors, and still they make some bad buys and lose money in a share, sometimes all of it. So the gist of this information is, we invest to make money, it is home to our savings. It is an art with attached risks. No matter how big the company, how good the management, companies can lose money, even go bust. Even though you may study the market dilligently, very professionally, have lots of accumen and your gut feelings are usually spot on, you are never privy to all of that companies business, you are not a fly on the wall in the boardroom, listening to workers are the shop floor etc, so there is always a risk attached to any share no matter how good the company. What you do not want to do is start off by investing in high risk investments. If that is how you dip your toe in the water, you should get on a plane and go to Las Vegas. My intention is not to belittle you or to cause ill feeling. I am not jealous of your inheritance. I am concerned that you may well lose a lot of your money, gifted to you by someone who has worked hard and saved this, possibly by carefull and patient investing, and it would be a terrible shame to reward the memory of the largesse of that person by investing it unwisely. If you have a Wife and children, think about them if anything should happen to you. Would your other funds be adequate for them?. Lastly, investing this money wisely may well provide an income in your old age and the residual passed on to person or persons one day who can fondly remember your generosity as you now remember your benefactor.

Good luck with your money, use it wisely.

knol

I am finding this totally amazing that someone who has just received a reasonable sum of money,and with no experiance in the stockmarket or investments,have approached a bullitin board asking for advice !!!!!
My advice is,are you use to large sums of money like that because some people its just burning a hole in there pocket and want to spend it quickly.
Put it into a high interest account and dont hurry,just take your time and sort help from people who can guide you and spread it around.If it was me i would put some of it down as deposits on Buy to let properties and other investments,so if some go tits up you aint got all your eggs in one basket etc.

Hope it goes well for you,and may your final chosen investments flourish.

Rick.....

Good points, Mega Bucks. But is the buy-to-let market not somewhat inflated at the moment?