FabSwingers.com forum: Etorro shares etc

By *litterbabe OP Woman
over a year ago

hiding from cock pics.

I know someone who uses Etorro to build up a little bit of an investment, he says there's very few charges (he thinks it's just a bid/offer spread charge when he transfers money from the mini portfolio to his bank).

He's got just a few £100 invested which has now built up to over 1000 in about a year. he has just made lucky guesses and doesn't know much about shares.

I also know very little about shares, and I do know however you can lose all of your investment. I've never really been into gambling but I was wondering if I could set aside £100 to play around with, is it a viable way of making a little bit of extra cash, taking into account that I am fully aware I could lose it all.

Times are financially difficult and I don't have much disposable income, but I thought if I could put £100 in and accept the risks, whatever I could make I could use as my club fund when things reopen.

Also the idea of a little bit of a gamble seems exciting.

Any advice is welcome, and also I appreciate there are likely many similar apps around than the one he uses, I'm just unaware of them at the moment.

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By (user no longer on site)
over a year ago

You've hit the nail on the head - all investments into the stock market are essentially gambles. A good rule is only ever invest what you can afford to lose entirely (that way you'll never be disappointed at best or in financial difficulty at worst).

There are multiple 'platforms' or apps which now make investing simple for the man on the street, although they will all (without fail) charge you for their services at some stage (comission on your individual investments & charges on your account).

Naturally in hard times like these people are focussed on making some extra money quickly and see investing as a way to do this. Something that is usually overlooked is what stocks, funds or companies you might be investing in. Now, more than ever is an opportunity to invest in 'ethical' stocks or at the least companies which align with your views environmentally, socially or politically ('be the change you want to see in the world' etc).

Some random thoughts, but maybe some points to consider ... good luck.

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By *tephTV67TV/TS
over a year ago

Cheshire

I started investing in November and have quite a few thousand pounds in stocks, shares and a few hundred in crypto. In such a short time I’ve seen profits of over £500 to now a loss of £75 due to some of my stocks tanking.

That’s my portfolio loss though not individual shares in some cases I’m 200% up, so those I’m currently down with, I’ll just hold for the long term.

My advice is invest in ETF like the S&P 500 (top 500 companies in the US) or FTSE 250 on average both bring back around 9%, obviously these are a risk as well but you’ll have a stake in all the big companies.

Or you can pay into a fund, that a trader will look after for you but you’ll obviously have to pay for that service. Not my area so can’t suggest any but Google a few and check out the best performing ones.

Good luck with whatever you decide

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By *issyEMWoman
over a year ago

Nearly

What is the name of that friend ?

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