Reported Post by youcantseeme

youcantseeme · Aug 30, 2013

youcantseeme has reported a post.

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gravedigging.
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Post: -Stocks and shares- Need help
Forum: Assets and Investment
Assigned Moderators: Amethyst, yaroow, Shoop, malakadang

Posted by: DiceRoller
Original Content:

millzlevels said: ↑

You can't purhcase directly from the LSE.
You need to open a brokerage account, preferably at one of the bigger more reputable firms whilst trying to keep trading costs low (check out their fees). However, something to keep in mind is that some of the firms charging higher fees do so in order to provide you with better market information so that you are more informed when buying or selling.

Also don't put all your 5k into one stock, try and diversify to hedge against the risk of it falling. The risk of every stock in a pool falling in value is far lower than the risk of a single stock falling in value.

If you want to spread your risk and leave the research to someone else it may be worth you looking into unit trusts.
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very true, you need to be willing to invest large amounts or else the fees of buying and selling stocks will make you loose money.
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