I wouldent mind to have my money tied up to 2 years...
Which Im putting half my capital (No parents money 500£ All done by selling at school in last 3 years )
As alistair_d said use some fantasy money and see how quick you loose it all.
yep....the best thing i ever done was fantasy shares so that i could get a good idea on how it works and try a few methods out and not risk losing anything.
it is great practice if you don't know what you are doing as i knew no one that dealed in the stockmarket
What's the point in tying up half of your money for 2 years? Especially when you will lose any money which you may make in Stamp duty and brokerage fee's as well as a possible commision for the company.
Shares can be VERY worthwhile but ut really is a 50/50 chance you take, if you are new to share dealing then Google it and read up on some of the information that is freely available. Shareshops can be an easy way into the process in terms of buying..
Would advise watch ing the oil shares because lots of these oil companies (the small ones I mean) have shares selling at a few pence and then are absorbed by the bigger companies and people assume that this will make them money, this ISNT always guarenteed. I am not sure what the technical term is but they can simply (by law) just pay the holding value and relieve you of your shares!!
This happened when shell took over Dragon Oil (think thats what they were called), they were a small company and it was leaked that Shell were interested in them and lots of people bought shares at a few pence and then expected the price to jump which didnt happen because of the above process...
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Linear Mode
November 2008
