BarraBod

@BarraBod I want to get myself an Isa product where I can buy a range of products from all over the world. I have no idea where to stay, got any ideas?

Hey man, do you mean you want to offset risk of investing by diversifying your investment choices through one ISA account?

I have an ISA account where I buy All my shares from. It's with Hargreaves Lansdown. You can only buy shares in companies and funds, you can't buy in to gold or oil on their own.

Is there a benefit to having an ISA over a normal account + a broker? Online Forex, for example, is particularly easy to set up and trade with a CFD agreement.

ISA is just tax free if you make any more than £11k in a tax year. I would recommend using a CFD account for Forex, gold and oil etc.

@BarraBod yes that's what I meant. I am in the process of getting a HL ISA account setup, they need to transfer my money over. I think HL offers one of the best services as you can buy pretty much anything from a singe platform.

Getting excited, should be able to buy stuff from next week.

In before I'm busto .

HL are also a very safe company as they've been around for a while and are in the FTSE100.

Have you got an idea on where you would like you're money to go?

We can go over companies we see with potential here. I'll post 1 soon. I'm not invested in it because it could take up to 10 years to see its full potential. I've not got that much patients!

Something that might also help are some respected traders on twitter, if you have it. They put companies they like the look of (but mostly companies for you to avoid). As usual you should always check the company out before taking someones word for it

I personally like Borkerman Daniel as he puts a lot of effort in to companies and seems to hate most AIM companies but still invests in some himself.

Roy Evans also puts some insightful info on.

And TopInfo. In stead of going blindly in and hoping to find a company, i'll sometimes look to see what they've posted and check them out. They post a lot of companies so maybe pic a couple to check out.

Its still good to go out and try and find a good one before anyone else

Hey

@BarraBod I'm going to start with funds that have been suggested to me, they are 7IM and Fundsmith.

Will need to do a little bit more research before hand but that's where I'll start.

I'm no where near ready to invest in individual companies yet as I have no idea what to look for.

Yeah funds are a safe option, and its easy money when you find a good one. Do you know how long you're planning on keeping your money in a fund? Or is it a case of wait and see how it goes first?

Hey BaraBod, it' will be long term so around 10/20+ years and I'll reinvest the interest for the funds.

Think I'll be buying Gold and sliver in the next few weeks (again to hold them long-term 5 years +), although I'm not sure if it's a good time to buy gold, will need to research.

I will be looking for short-term options too (1 year or less) but I need to clue myself up for them more. Currently looking at Crude Oil but as I said, I've done zero research on it other than knowing it dropped a lot over the last year.

A few days ago I joined a mastermind group which costs a monthly fee run by an economist who's made his money. So currently learning them from and following what they do for the safer long-term options.

Yeah It's always best to re-invest anything made from it. Good to hear you're in it for the long haul and not just a quick buck!!

Looks like someone has a good feeling about Apple:
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Not much has been happening with my shares. Its became a game of patience waiting for the next bit of news. Still a couple of years left before they reach their potential so I won't go on about them much.

Gold

Are we going to see a big rise in gold? These big dogs usually know their stuff.

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Full article on Bloomberg

Oil

Oil looks like it very nearly broke the $50 mark, would be good to see this go back up. I really have no idea if it can sustain this momentum.
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Comapany with potential

Sirius Minerals (SXX)
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Potash is used as a food fertilizer, and is supposed to be one of the best.
The DFS the company completed showed they could be making between $1bn - $3bn annually for 15 years, which is crazy for a company with a Mcap of £421m.

There are of course the downsides. First production will be in 2021 but full production won't be until 2023. The company are looking at around $3.5bn in financing to get them to full production...which is A LOT of money. But looking at the potential, I see no problem in them getting this.

You can read the full DFS here

I'm not invested in this myself as I don't have enough patience! What I've written here is literally the tip of the iceberg! There are a lot more things to look at but that's for the investors to do so I'll just leave it at that.

What experience and study do you have in trading/investing?

Just setup my HL account and time to get investing....once I know what I want to invest in

Want to go long on the $AUD as it's pretty low now, but feel it will be going a little lower to around $0.68c to the USD and holding it for a good chuck of time.

What's everyone else doing?

Harvie: Just setup my HL account and time to get investing....once I know what I want to invest in

Want to go long on the $AUD as it's pretty low now, but feel it will be going a little lower to around $0.68c to the USD and holding it for a good chuck of time.

What's everyone else doing?

Why? Just guess work and gut feeling? What technical analysis or fundamental analysis have you done?

Hey

@CrazyCookie my comment was a bit of a joke as I have no idea what to invest in shares wise. Funds and bonds I'm sorted.

I've followed the USD, AUD, THB, GBP pretty closely over the last 4 years as I've live in 3 of the countries on and off and get paid in another 3.

As of this moment in time USD GBP (and THB to some extent) is killing the AUD (lowest it's been in 5+ years) and think soon it will be a good time to buy a bunch of AUD to hold for the long-term (5-15 years).

And with

@BarraBod comment and the AUD in the last page, I'm keen to see what others are doing.

I've done zero technical analysis

, who's got time for that? lol.

I took an online course in technical analysis, with Shaw Academy but I gave up half way through as I don't want to trade all the time. I'm just looking to invest. It's good to know the basics and the course was definitely a good one, it only cost £24 so was worth the parts I watched.

I've read a book on mining and another book on investing. At the end of the day I'm just an amateur investor. Mining and oil are my starting points. I'll hopefully see some decent returns in the next 2 years. But I'll update on any buys or sells I make.

Or AUD could be fucked for good... there is no point investing in forex without leverage and if you do so then your risk is going to be bigger than you may like. Currencies are massively unlikely to move 20% over 5-15 years so it is a complete waste of time, they are good for trading and trying to make 150% on your money in a year. But if you are trading then there are far better options out there.

I ask what

@BarraBod experience in trading is because his first post was about investing in two penny stocks. 90% of penny stocks fail and the only reason they are on the stock exchange is because they need to raise funds. They are not big enough to be required to go on an exchange so they are doing it of their own choice. Companies with "potential" are the same as a tennis player with potential at 14... 1% of those with potential make it 5% will make it to a good amateur level and maybe 15-20% won't disappear in 5 years.

Now, he may know exactly what he is doing, which would be great and I hope he makes a killing! BUT, it literally goes against everything I have studied and although I am not a trader yet, it looks to break every single one of the rules laid out for me to follow!

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