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First timer, Considering buying shares

  • 26-07-2014 3:42pm
    #1
    RonanM123
    Closed Accounts Posts: 120 ✭✭


    Just looking for some general advise on investing and how its done. Firstly I am a student but have some cash to play around with and somebody said I should buy some shares. Now I don't want to go mad and waste it all but what do people think and where should I place some cash and considering I a first timer some general advise about it and general information. I have done some search online and most searches direct me to boards. The person specifically mentioned Ryanair and they are going to have some strong results this year which will be good for share prices. I don't really know how much it costs for each share as I don't really understand all this market data. Open to other suggestions to.

    Thanks in advance!


Comments

  • #2
    arrowloopboy
    Registered Users, Registered Users 2 Posts: 1,154 ✭✭✭arrowloopboy


    Might I suggest you have a read of Ben Grahams ,The Intelligent investor ,Van Tharpes ,Trade your way to financial freedom ,and also Trading in the zone .
    If your going to get involved ,you may as well give yourself a little bit of an edge off the batt ,rather than going in half assed ,loose your money and get turned off for life.
    Or,if your too busy to do that, subscribe to the online edition of Investors chronicle ,and check in each night for a half hour and read the daily articles,outlooks,tips etc .
    Or if you want to jump straight in ,buy some Berkshire Hathaway shares , google them,their CEO has a reasonable track record:D.

    Good luck.

    Forgot to mention ,steer clear of FX , Spreadbetting and leverage until you know what your doing


  • #3
    tennisfennis
    Registered Users, Registered Users 2 Posts: 29 ✭tennisfennis


    RonanM123 wrote: »
    Just looking for some general advise on investing and how its done. Firstly I am a student but have some cash to play around with and somebody said I should buy some shares. Now I don't want to go mad and waste it all but what do people think and where should I place some cash and considering I a first timer some general advise about it and general information. I have done some search online and most searches direct me to boards. The person specifically mentioned Ryanair and they are going to have some strong results this year which will be good for share prices. I don't really know how much it costs for each share as I don't really understand all this market data. Open to other suggestions to.

    Thanks in advance!

    Dont bother investing any money - if you end up loosing it you will get mad and might be put off for awhile like another poster said, if you get lucky and the stock rises you will think you are great but will eventually get burnt. My advice is spend as much time as possible learning as much as you can and opening a demo account and trading with fake money. If you arent dedicated enough to trade with fake money for 12 months (also producing a return) you wont do well over the long term trading/investing

    Hope that helps


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