Hi,
I was hoping someone would tell me what is wrong with my thinking and what my risks are before I get started. I've never traded/invested before.
I plan to take £500 spare cash and invest it into stocks.
I want to invest long term, rather than constantly reacting to small shifts in the market and selling and buying stocks every day or even every week. My plan is to pick a few stocks that I'm fairly interested in and leave the money for 6/12/18+ months. I plan to put more spare cash in if it's going well over the year(s).
I don't really have a set goal with it, but there's no interest in banks at the moment and I've become interested in giving it a go.
Just for your information I'm thinking about looking through the past 3/4/5 year histories of these:
Coca Cola Facebook Google Mcdonalds Microsoft Netflix Nvidia Corp Tesla Motors Twitter US Tech 100 US 500 UK 100 Wallstreet 30 Germany 30
and others.
I'm not looking for specific advice on those stocks, I'm just trying to give you an idea of the kind of thing I'm thinking of and hopefully you can give me an idea of whether I'm barking up the right tree.
My idea is that I'm picking long standing (hopefully very safe) companies that will still be going strong well into the future. That's pretty much the basis of my logic. I avoided anything that was heavily tied to fuel costs or currencies because I heard they could be very volatile.
Thanks for reading
Submitted February 19, 2017 at 06:27AM by Lady_La_Cow http://ift.tt/2m07SBF
