Hey /biz/. I'm 20 and I have about £3k savings. Although I have a basic understanding of finance, I have 0 experience of actual investing. What would be the most efficient use of my money considering that I have enough free time to learn how to invest etc.
1 open Halifax Sharebuilder stocks and shares ISA
2 set up regular deposit of £300 per month
3 spend time each month researching a company or fund. at the beginning pick simple trackers and FTSE100 companies. no /biz/ day trading penny shares shit.
4 set up the regular investment in the ISA for that share or ETF or whatever
5 in 10 months you will have a neat little portfolio and if you did step 3 properly you should be getting a bit of capital growth or a small income from it. or if not then it should be teaching you some valuable lessons.
6 reinvest dividends, keep up regular investment. get rich slowly.
day trade. for example, buy 1000 chares BIOC right now in after hours for 3.55 each and sell tomorrow morning with a 20% profit. alternatively you could also buy some MYNX with it at 1.68 right now with a tight stop at 1.65 hoping for a 10% return by tomorrow morining. check back with me then.
yep well if you took my advice you'd be up a few hundred if you bought a few k of either/each stock. few minutes is all it took, and sleep soundly to wake up to even more gains tomorrow morning.
This sounds too easy. What's the risk here? Bitcoins going to shit? Can I slowly pump money into the dice this summer and be making a passive income by the end of it? Shit, if I could dump 4-5 grand and be making $100 a day doing jack shit I would. What's the catch?
I'm researching this shit but can't figure
out how to invest into the bankroll. I want to try it out with $1000 usd worth of BTC, and if I can make similar to what you are then I'll expand the pot. But how are making so much a day off that? I was readin that returns were menial. But $67 euros off 3k is impressive for a day.