Should I Invest £1k In Halifax Shares?

[Muel]

Wish I'd bought a load when you were £700 down.

Why, oh why didn't I, I could have bought £100 worth and made a fairly sick profit.

[monkeyseemonkeydo]

72 pounds over 256 days compared to my income over those same days means that by buying and selling these shares I made infinitely more money than I would have.

Infinitely.

Get a job you bum!!

[Papa Manual]

Now is most definitely the time to invest in real estate, manufacturing, transport etc. Oil is also a definite winner (not if you have a conscience though). I wouldn't really consider the majority of banks or financial institutions now as I think that ship has definitely sailed when it comes to short term gains. I've made in two weeks double what I'd get from a years worth of bank interest at current rates. Made £46 since 8:30 this morning alone, although that'll probably level out to about £30 by the time the market closes. I'm going to see if I can trade my way through uni .

[JT!]

Get a job you bum!!

I'm can't legally work.

Ha!

[Simpson]

I'm can't legally work.

[Fishy]

Sell booty for dollar, I'd pay for a ride on your sweet ass.

[TomR]

So far i've made approx 17k profit (from around 4k initial capital), in about a year so yeah i'd agree it's definitely better than bank interest rates!

Just sold 8.5k in TW and bought into PXS who do food/medical research and they have some interesting claims for their product in terms of DVT and heard conditions, so when the EU approval on the wording for the product comes back they should rocket! Supposed to be a natural rival for aspirin.

Stocks certainly are not for the indecisive though! Glad you made a few quid though, whether or not it was what you hoped for, to ride the rocky storm and come out better than even is an admirable effort IMO.

Edited September 17, 2009 by TomR

[Fish-Finger-er]

Stocks certainly are not for the indecisive though!

this is the issue i have, you need quite big bollocks to start dealing in shares. amongst some little stuff i was going to have a punt at. included buying £2500 worth of bt shares about 7 months ago,when they where stupid low, id said to a few people at work when they hit 80, that if they went to 70p id be buying £2500 of them, did they ever reach 70, no, did they bollox, they got to just below 71. and what did they close at today - £1.39, id of practically doubled my money on them in about 8 months.

keep meaning to dabble, but never really seems worth it with like £3/400, and when you get to 4 figures, it always seems like a lot of cash to risk.

[TomR]

I did that, my money was tied up between RBS and Lloyds, and i saw Barclays which I knew was a good share, down at 47p IIRC, but i chose to wait for RBS and Lloyds to come to something. With the exception of Lloyds being a good long termer it was a bad move as Barc shot up and is now 378p.

I made a point of putting £250 into my account just to play with, didn't care if I lost it, and it was a bit of a game to see how much I could make from it, it's a good way of learning and if you're actively doing things you notice trends a lot more.

I only really got involved because of Taylor Wimpey, was at 9p when I bought and was previously at 374 (before the recession), it's only that i work in the industry and knew it was a fairly safe bet, I cobbled as much money together as I could and it's now at round about 50p, so as a first move it was fairly confidence inspiring and very profitable. As you said it's all proportionate and can seem like a lot of stress for a small profit, but for the knowledge and confidence you gain from the smaller trades, IMO it will pay dividends (no pun intended) when you want to trade in larger amounts.

Working out what I can make from PXS if it reaches peoples estimated prices.. i could be looking at silly money, even after paying back the money i took from my TW holding and tax deductions. For sitting on your arse and trawling forums, it's a pretty sweet way of making cash!