I live in Europe (I believe it matters for my question). I’ve recently started to play with funds using spare money since I have a good broker with low fees that allows me to experiment. There’s an interesting tech fund which is quite volatile, but I’ve been making some money by buying when the share price is low and selling when I consider is worth it (no matter if it takes one day, one week, one year or ten, I just want to get something out of it ASAP - and if I lose it, I don’t mind).
I’ve been reading some opinions about this and some people say that it’s a terrible idea. However, I don’t feel like I’m prepared to manage stock shares directly by myself at the moment, plus the fees for the fund are quite good at this moment.
I won’t argue that there may be better ways to obtain short-term gains, but I’d say this is one that works somehow given my experience.
With this background, could someone point out some obvious mistakes that I may be missing?
Submitted October 07, 2017 at 12:14PM by i_love_vodka http://ift.tt/2gkgSAq
