Quote:
Originally Posted by uhafmail
You should not consider buying shares unless your buying £500 or more IMO.
If you bought just £50 then you will have probably around £16.00 worth of Fees - Stockbrokers fee and Stamp Duty, that means your shares have to increase by more than 30% before you even break even which is quite a large move.
As many people have said, the stockmarket at the moment is very volatile, i am trading in a particular stock that has had fluctuations of 60% in a day so although this volatility could create some great value stock it may also lose you a lot of money and quickly.
Also btw, you have to be 18 to trade in stocks so it would have to be done in your parents name which may cause a problem if they own any stocks - Capital Gains Allowance.
|
Crud... My dad had 23k in Shares and my mum has about 499£ Since she got them signed to her from a friend who brought them for pennies like then 2 years l8ter the company went up like 5000x