No. 6905Anonymous 24th April 2017 Monday 10:18 pm6905Stocks and shares and funds and things
Lads, I've gone and done it. I poured all my savings into an IG ISA Shares account and went on a binge and bought shit loads of shares in different companies (see pic). Each worth about a grand.
If it goes tits up, I will just hold on to the shares until shit stabilises. I don't know how, but I want to turn £9k into £40k in a year or so.
How stupid am I? I checked earnings per share and all the other metrics that was on the website. Am I fucked? I feel like I fucked up, but hey-ho shit happens I suppose. If one of them increase ten-times over, it should cancel out everything else getting fucked... I think.
If you don't mind will you explain just how you buy shares?
I've asked before but didn't get a reply; I assume because people thought something like "If he doesn't know how he doesn't need to know" or "I won't involve myself with the inevitable loss of his money".
>>6906 Well, I googled "best online stock brokers UK," compared their fees, rates and what-not. I decided to open one with IG.com. Just when I was about to open a shares dealing account, I realised I could open an ISA share dealing account. So I opened one last week. (Hopefully my winnings won't be taxed this way).
I checked different indices (like FTSE AllShare, etc) to find the most volatile stocks that looked promising. I short-listed some 20 companies and compared their metrics and charts and decided to take the plunge. A year from now, I will either have no savings, the same amount or be richer. Although, I feel like I really fucked up. I could have used that money for a nice holiday.
LSE:ENQ lost over 90% of its value in the space of 18 months. The risk profile of your portfolio is perilously close to being a total gamble. I'm not sure that it's entirely wise to stick all your savings on Lucky Lad in the 3:15 at Kempton.
>>6913 Shows how much you know. ENQ has been saving my arse. They have been really great since the start of this year. Bango is the mistake I made. It is absolutely destroying me. I'm £150 down already.
Well lads, I have been glued to my phone the whole day. I have sat through meetings at work and I don't even remember what was said because my phone was my life today.
After all that, and after an anxious day, I haven't lost everything... yet. I am down £14.82 apparently. Thor Mining and all the oil exploration stocks absolutely raped me, but it was balanced out by Devro, Boohoo and a late bump by the cunts Bango.
It isn't so bad. I don't know why I feared this bollocks. If I even make just a hundred quid, it would be better than having my money stuck in a shitty savings account.
I'm going to review my options in 6 months time. I won't sell anything until then, however bad it gets.
>>6917 Because it's cheap and hopefully Apple fails at their shitty chips or whatever and buys IMG for 3 quid a share. Mate I'm looking for miracles and today IMG didn't fail. Don't jinx it.
Don't Imagination also own MIPS, which is getting some traction in Automotive, where ARM's been getting beaten a bit recently?
Of course, share price is so utterly unrelated to engineering competence, may as well just roll dice or disembowel chickens.
Fuck the markets and all who sail on them.
>>6905 What made you choose IG? What's been the average annual return rate for ETFs over the last few years? I'm sure it's substantially less than the 350% you're looking for.
>>6921 I created my own portfolio. It is full of volatile stocks that I believe will get me over 300% return in a year or so. I looked around most of the ETFs around the world and there was nothing that could obviously achieve >300% return. Maybe they aren't risky enough, or maybe most investors aren't as stupid as me.
So I settle for IG because they were the cheapest when you compare the per deal rates, Admin fees, penalties for inactivity, the type of ISA, the rates for buying foreign instruments, etc. They came out the cheapest... unless I missed a better broker.
>>6920 Yes, but that is tiny compared to how much Imagination depended on Apple. Over half of their revenue came from sales and licenses to Apple.
>>6923 Yeah, but their price has already taken the battering from being dropped by Apple. If they don't die on their arse from lack of funds (horribly possible, they let go a lot of their senior guys), they _might_ recover in an interesting way. At least they're not chasing the woeful DAB stuff any more.
Did you look at X-O? They were the cheapest when I opened a dealing account. X-O, as in, execution only. I never actually invested anything because I wasn't 100% comfortable sinking my money into a sketchy e-company, and anything that doesn't appear sketchy (eg. Hargreaves Lansdown) charge a premium for management. How much did you (heheh) "invest"?
