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Need a share.

  • 24-01-2009 8:38pm
    #1
    Registered Users, Registered Users 2 Posts: 17


    Seems to me any mention of a bank round here and people run for cover:eek:

    So where should I invest my money...to receive good dividends.

    Any suggestions...


Comments

  • Registered Users, Registered Users 2 Posts: 8,452 ✭✭✭Time Magazine


    Hi Steve, welcome aboard. We'd need more info. How much you got? How much of that are you willing to risk losing? How long are you thinking of holding the portfolio for?


  • Registered Users, Registered Users 2 Posts: 110 ✭✭Bytheway


    I like Faroe Petroleum, Lamprell, Asian citrus Holdings and possibly Aero Inventory.
    Low risk: oil ETF or Fund, Platinum ETF.
    High Risk: Taylor Wimpey ..double or nothing.........better than the banks anyway.
    Aviva is looking better due to its recent issues.
    My favorite company is possibly Redhall Group.
    All the companies have low to zero debt (except Taylor W.), excel in their fields and have a long way to run.


  • Registered Users, Registered Users 2 Posts: 17 Stevebyrne


    I have 3000euro... not much but that’s why I can risk it.

    I hope to keep them for an investment into the future...

    Bytheway I am going to check them shares out and maybe give them a go. Thanks for your advise.:)

    Steve.


  • Registered Users, Registered Users 2 Posts: 110 ✭✭Bytheway


    The first thing i did was start a yahoo finance page and had a watch list on companies that i liked. Started off with a few oil companies and it has grew to many sectors and many, many companies.
    Its good to have a strategy when trading and maybe even some rules for yourself.
    What you return you hope to get and the time frame ?


    1) I explore and research a particular sector and research every company that i hear of and ones that are commonly referred to and make my own conclusion.
    Once you know a sector, i.e "oil service sector" than you know the main players and you know what potential each has.

    2) Try to stick to a 15% - 20% stop limit. If you stock falls 20%, sell it. This is far harder to do in reality and near impossible in these turbulent times as this can happen easily in a day given the volatility.

    3) I read IC, Money Week, Bllomberg, seekingapha, morning star, FT, Motley Fool etc and google search any company I'm interested in, and it is incredible, the amount of info that you can pick up, but this should be a starting point and not a conclusion to invest in.

    4) Take note of the real experts here online and what they say, if you spent enough time here, you'll know who knows what they are talking about.

    5) I only started getting involved 6 months ago or so but have amassed a lot of knowledge and info in that 6 months from reading, researching and listening. I used to spend 5 -6 hours a day and 10 - 12 hours on Saturdays and Sundays researching everything got to do with the stocks (young, no family and work from 9-3).
    It's an addictive hobby and but i find it very enjoyable. As i know the basics now, i find that i spent half the time i used to spend researching as everything does come easier.

    6) Timing is everything, its not a good time to invest at the moment. I am waiting another 6 months or so at least till i go in with substantial amounts of money.
    Its a bear market and there are more black days to come.

    I was day trading with Lamprell and Taylor Wimpey and having great success, i got greedy and invested in the banks when i got impatient waiting for the companies to come down to my buy price, that stopped my day trading :) i.e. stick to what you know because what you know will probably let you down enough :)

    good luck.........luck is a big factor too :)
    People that invest in Banks for the long term right now are doing so because of a lack of options and lack of knowledge. High risk possibly high gain. There are better options where you probably wont lose your money.
    I would wait till more info comes out wrt the recapitalization before even thinking about banks for the long term.


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