If you’re not working, don’t risk your money. Use that money for education, moving somewhere you can find work, or anything that will help you get employed.
I recommend that you don’t invest anything until you have a good source of income.
1 Like
I am not working BUT I HAVE SOME INCOMES now. Although they are not much compared to a normal job and stable. So I quickly want to start investing and earning a lot of stable and long term investment income now.
Don’t take this the wrong way, but from reading your comments, you’re coming into this with the completely wrong attitude.
Start with the practice account, do some reading, watch some YouTube videos.
You will not make money fast. Listen to everybody.
2 Likes
If you are wanting £300 a month in dividend payments, you will need to have £120,000 in a 3% yielding stock. So £500 a month will take you 20 years to save up to assuming no stock growth. I’m just saying this to give you perspective. Investing is a long game and not a short term fix. Using it as a short term fix is the same as going into a casino and placing that £500 on black hoping to get £1000 back each month
Before you even start investing you need to do your research thoroughly. As your capital is at risk, with proper research into the companies you may loss your capital.
If you are investing with no prior knowledge and without research then this summarises it.
Say no more, you had me at ‘short term fix’. I’m in.