How to start investing? I only have about $500....

[Fruitbat]

Oh, lastly, if you just flat out want a punt, and I mean money you could lose no worries, I wouldn't trade but just buy a speulative share.

AMC listed on the AIM market in London has BAGS of potential. However, fruitbat does not endorse this and it is posted purely as a discussion point.

 

[ubercat]

It was for the g/f. My house has gone up over 40% in 4 years so I got my equity for free. It's the bottom of the market too so it's unlikely to go down more than 10% even if there is a crash.

Her apartment hasn't increased in value. She has 34% equity at the moment. And I was suggesting that she should try and get that up to 36% at least before she starts investing. Obvious reason being that if you're ahead of the mortgage a bit more of every payment you makeis capital so it's the gift that keeps giving.

 

[ubercat]

Interesting. What's AMCs PE and PEG? And the growth driver e.g. are they expanding into New Markets with little competition?

And how do you trade on the AIM market. I confess I'm a complete newb at share trading

 

[Fruitbat]

Interesting. What's AMCs PE and PEG? And the growth driver e.g. are they expanding into New Markets with little competition?

And how do you trade on the AIM market. I confess I'm a complete newb at share trading

Their earnings are nothing. The own the rights to the Kun Maire project which is a massive area in eastern Russia.

Enormous proven reserved, right next to the biggest nickel/copper consumers. They just need to build a £300m road. very speculative because the company is only cap at £47m, but if it happens it will be de facto ten-baggers + more !

AIM you can buy on Hargreaves Lansdown and most stock platfoms (I assume, you can here) http://www.hl.co.uk/shares/shares-s...s-search-results/a/amur-minerals-corp-ord-npv

I think just generally over the medium term I think commodities are a smart bet

Oh, forgot I also have a long trade in Brent crude/WTI. not rreally "trading it" it's just a long term strat I opened when we got $40 barrels. Not sure if it's peaked.

 

[ubercat]

Gawd that is speccy. I just hope they know who to bribe.

Thanks I'll check it out

 

[Fruitbat]

It was for the g/f. My house has gone up over 40% in 4 years so I got my equity for free. It's the bottom of the market too so it's unlikely to go down more than 10% even if there is a crash.

Her apartment hasn't increased in value. She has 34% equity at the moment. And I was suggesting that she should try and get that up to 36% at least before she starts investing. Obvious reason being that if you're ahead of the mortgage a bit more of every payment you makeis capital so it's the gift that keeps giving.

Yeah, my head says spread and at least invest some, but it's very hard to find anything cheap. Bitcoin is a reallygood story and there are lots of other specialist assets booming. Usually when stuff like bitcoin etc go bananas it's said by some to show a likely crash. So at the moment you may well be wise in suggesting paying off debt.

 

[Fruitbat]

Gawd that is speccy. I just hope they know who to bribe.

Thanks I'll check it out

Massively Like I say, peanuts to fritter away. I'm more than likely going to lose this money but it's not a big holding of mine!

 

[ubercat]

Yeah I think because it's relatively small money the advice I gave her is good. All asset classes are looking very high at the moment which normally is lead up to a crash. Melbourne house prices have started to slide and they've been Bulletproof for 10 years. The problem is she made a chunk of money on a couple of speculative shares recommended to her by a friend. And so now she thinks it's easy money. And let's face it scrimping and saving to put money into an index fund for your retirement is about as exciting as lentil soup and brown bread.

 

[ubercat]

Hey @Fruitbat one last Question. When you say it hold cash you meant hold a cash fund right not actual cash in the bank? Do you have a good cash fund you recommend?

 

[Fruitbat]

Yep, cash as in deposits. Not actual cash. If you want that I would suggest Krugerands. Chicks dig the guy with Krugerands!

I have basially given up expecting a return on cash. If you get 0.5% after charges you are doing well.

Cash is more about ballancing risk. Lets say you hold a mixed asset fund and you want to invest in a niche but risky area....a bit like my magic beanstalk share above (!), So, you can buy shares which are very. very speccy, and but you increase cash weighting. So on one hand, you increase risk but balancing with higher cash weighting. So you get more super high risk but also more super low risk.

Or, as we discussed already, just dump money there when you don't know what to buy. It's basially a powder magazine for your rifle and don't expect it to actually perform. Not until we get rates higher.

Hope this helps.

 

[Fruitbat]

Yeah I think because it's relatively small money the advice I gave her is good. All asset classes are looking very high at the moment which normally is lead up to a crash. Melbourne house prices have started to slide and they've been Bulletproof for 10 years. The problem is she made a chunk of money on a couple of speculative shares recommended to her by a friend. And so now she thinks it's easy money. And let's face it scrimping and saving to put money into an index fund for your retirement is about as exciting as lentil soup and brown bread.

Yep. It is through bitter experience I speak. Saw too many people lose too much. However, if she got a tip, if it's solidand proven grab it. However, all too often it's BS an it's also illegal, highly illegal!

What you describe, an ameteur (if you don't mind me describing her as such) having wins is the most dangerous of all. You startworking out how many days to a million.

One thing I have used is short bets on markets though. You can buy a stock but you can't negatively buy a stock. So, if you think the US market will tank, you can open a spread bet wih Citi or whoever and bet the way down. If it goes the wrong way, you don't actually lose money unless you close the trade, so theoretically you could keep it open forever.
Apologies if you know this already, just trying to vaguely useful

 

[ubercat]

That's funny in my primitive way that's exactly what I've done. I've put in buy offers for those 2 spec shares for myself. But at below market rates so they will only be triggered if it pulls back a bit.

Ok now I am confused if you are only going to make 0.5 from a cash fund why wouldn't you just have the money in the bank earning 2%?

 

[speed dawg]

Crypto seems like the way to go. I just don't know sh*t about it.

 

[Fruitbat]

That's funny in my primitive way that's exactly what I've done. I've put in buy offers for those 2 spec shares for myself. But at below market rates so they will only be triggered if it pulls back a bit.

Ok now I am confused if you are only going to make 0.5 from a cash fund why wouldn't you just have the money in the bank earning 2%?

You aren't holding sterling then. You're lucky to get 2% holidng sterling.

2% in the bank is good but I would wager your inflation is higher so it's all relative.

Higher interest rates are usually a sign of higher inflation. So, actually, your 2% is more like 0% given prices are rising.

For instant cash deposits based in sterrling I think 2% would be marvellous.

The great thing about stocks are that they tend to do well relatively with inflation. Commercial property is also a good inflation hedge.

 

[Fruitbat]

Crypto seems like the way to go. I just don't know sh*t about it.

Bitcoin and it's type were always going to take off. At the moment it's a bigger bubble than Nikki Minaj' ass.

I wouldn't touch it with a barge pole now.

Issue is, the banks control this world and they will take down crypto. That virus last yeat which froze half the worlds computers and asked for Bitcoin? What did the media post over and over? "Bitcoin is the enemy" "Bitcoin preferred currency to criminals" The media were making it very clear Bitcoin is a bad thing. This, I believe, was encourages as the banks/government don't control it. They want it gone.

I'm stopping short of saying the virus was created by the existing establishment but I would say it's possible.

 

[PrettyBoyAJ]

Bitcoin and it's type were always going to take off. At the moment it's a bigger bubble than Nikki Minaj' ass.

I wouldn't touch it with a barge pole now.

Issue is, the banks control this world and they will take down crypto. That virus last yeat which froze half the worlds computers and asked for Bitcoin? What did the media post over and over? "Bitcoin is the enemy" "Bitcoin preferred currency to criminals" The media were making it very clear Bitcoin is a bad thing. This, I believe, was encourages as the banks/government don't control it. They want it gone.

I'm stopping short of saying the virus was created by the existing establishment but I would say it's possible.

Ok if you say so. Don't mean to throw shade but I probably made more last month in Crypto then you make in your salary. You should really do more research on Blockchain technologies before you post more about it.

 

[switch7]

today i made $150 off of tron coins. If it keeps going up, lets say to $1 from the price i bought it at, i'll make a few grand.

tron is at 8 cents. You got a long way to go yet to get to a dollar

 

[speed dawg]

Anyone ever use like a Scottrade or TD Ameritrade type account?

 

[synergy1]

No need to spend $$$, we have the internet!!!

I have found the internet is not a good source for in depth information. Sure you can look up a synposis of a book - lets take Greenblatt's "You can be a stock market genius". But all you'll find are vague interpretations of the knowledge in the book. Its actually hard to even find the information when I know what I am looking for. In the same book I just listed, I knew Greenblatt used LEAPS for mispriced securities/spinoffs. Nothing on the internet really explained this so I had to refer back to the book as always.

The internet has its limitations. People who are really successful won't share their secrets. If they do, its small bits and pieces and you can't really put together things like you need to. The internet is good for simple information. Again referencing greenblatt's text, I know that for spinoffs you need to look for insiders buying shares of the unwanted spunoff company. The internet comes in handy when you find the documents that outlines what insiders are doing.

 

[wifehunter]

I have found the internet is not a good source for in depth information. Sure you can look up a synposis of a book - lets take Greenblatt's "You can be a stock market genius". But all you'll find are vague interpretations of the knowledge in the book. Its actually hard to even find the information when I know what I am looking for. In the same book I just listed, I knew Greenblatt used LEAPS for mispriced securities/spinoffs. Nothing on the internet really explained this so I had to refer back to the book as always.

The internet has its limitations. People who are really successful won't share their secrets. If they do, its small bits and pieces and you can't really put together things like you need to. The internet is good for simple information. Again referencing greenblatt's text, I know that for spinoffs you need to look for insiders buying shares of the unwanted spunoff company. The internet comes in handy when you find the documents that outlines what insiders are doing.

News flash, there are books ON the internet.