Investing - Going for a serious thread, wish me luck

[richy]

You went contracting whilst you had debt rather than a small warchest? Very brave if so. I saved up 6 months living expenses before I had the 'confidence' to jump..

I jumped when unemployed! had just taken voluntary redundancy, and exhausted that most of that cash!

Was almost out of money by the time I had to wait for VAT reg and biz account. luckily agency paid a big invoice I had submitted before VAT reg certificate came through. VAT reg date was of cause when I had applied, so that was ok (although a grey area!)

[richy]

Online gambling

Online Poker.

HTH

If you catch the post-pub crowd circa 12midnight you're on to a winner there. Gambling against drunk people is easy money. Just don't have a drink yourself ;-)

[richy]

£36500 per year.

Have you ever thought of contracting?

Well remember you don't make that £100 per day unless you convert your investment equity back to UK pounds cash. Playing the markets doesn't work like that though, unless you want a bank account with daily interest rate.

Markets go down, and up, and down. the idea is to catch when down, and sell when up (enough)!

[MarillionFan]

Well remember you don't make that £100 per day unless you convert your investment equity back to UK pounds cash. Playing the markets doesn't work like that though, unless you want a bank account with daily interest rate.

Markets go down, and up, and down. the idea is to catch when down, and sell when up (enough)!

Well thank you for those insightful words Richy. I feel I've learned something here. Mmmm. I'm thinking it now.

[Waldorf]

I would avoid FTSE 100 tracker funds - these simply track and so invest in the largest 100 companies quoted on the stock market - the 100 largest companies are not necessarily the BEST 100 companies to invest in.

Better to invest in a few managed funds, preferably ones that pay a regular dividend and re-invest this income and watch your funds grow!

[DimPrawn]

I would avoid FTSE 100 tracker funds - these simply track and so invest in the largest 100 companies quoted on the stock market - the 100 largest companies are not necessarily the BEST 100 companies to invest in.

Better to invest in a few managed funds, preferably ones that pay a regular dividend and re-invest this income and watch your funds grow!

It's been shown umpteen times that actively managed funds generally do worse than tracker funds because of the greedy and excessive fees charged by the fund managers.

Can you please list some funds that have been doing great over the last 12 months after all fees?

[suityou01]

It's been shown umpteen times that actively managed funds generally do worse than tracker funds because of the greedy and excessive fees charged by the fund managers.

Can you please list some funds that have been doing great over the last 12 months after all fees?

I used to work for a "wealth management" firm. The called everything a "Product" which used to grate with me as most "products" required actually feck all "producing" and were really rather simple.

One of their best "products" was simply a Ltd Company they started, would then pile the punters cash in to the company bank account, let it grow at the bank's rate of interest, rake off a management fee and give the punters a divvy every now and again.

The owners (couple of young richer than you type ******* who were ALWAYS down the gym) were seriously thinking they would be up for young entrepreneur of the year!

s

[nomadd]

Can you please list some funds that will be doing great over the next 12 months after all fees?

There. Fixed.