Hi. I’m new to investing. I’ve just invested £1500 into shares. I’ve spread them over 11 categories I.e healthcare, industry, IT etc and mixed them in USA, Europe and Asia. I aim to put in around £500 per month. I was thinking of putting around £50 or so into each company, does that seem right? Or would I look to put in more to the companies that the shares are currently low to buy? Any help would be appreciated
What advice are you looking for sounds like you have already done a lot of research and determined how much to allocate of your own funds to these companies.
I wish you good luck but it’s difficult to comment without knowledge of what you have bought or your end goals!
Depends what you are looking to achieve. Dividends are slow burners but reasonably stable. Trading on price fluctuation can be exiting (if that is your thing) but require more of a constant market watch. Mixture of both achievable when the market dips. Funds give exposure to a wider section of the market.
I started by learning the basics through low-risk ETFs and slowly added individual stocks over time. One thing I found useful was watching how traders at a proprietary trading firm think through their strategy — they’re super focused on risk and keeping emotions out of it. Helped me build a solid mindset, especially during drops when it’s easy to panic-sell.
I agree with everything Dezegle said. What’s most important in the beginning is to avoid high risk. Any get-rich-quick promise is either false and just isn’t suitable for you yet (not this early on).
Take your time to learn and only risk what you’re willing to lose.
Something realised (kinda recently) is that with the different types of trading (day trading, swing trading, long term investment… etc) there are different approaches and mindsets for each. Try to differentiate between them so that you don’t get mixed up. Example: long-term investors usually don’t mind a dip in a position and might often just buy more… whereas day traders will often just cut their losses at a very fixed point (part of their risk management) and just move on to the next trade. These feel like opposites, but that’s because they’re for different games.
Hi , Just a general question if i have maxed out my Isa allowance and if i was to have surplus money , my understanding is that i could put this into an invest account but will pay tax on the interest gained ,
There are tax free allowance for interest and capital gains outside of an ISA, details on the limits are on the HMRC side but I think it’s £500 interest tax free and £2k capital gains free.