Or…has anyone got a company in mind they think may be good to look at ![]()
Investment advice is usually not cheap for starters and should only be from very reliable sources and not a forum
It is worth remembering that AMC and a few other meme stocks are not the normal and may not happen again after this wave dies down.
Edit - Think of it as being at some-ones house when they win the lottery and thinking oh this seems good I will start doing it. Yes you can win but in reality most of the time you either lose or win much smaller amounts.
I’ve not read it personally, but ‘The Naked Trader’ is supposed to be a good read. Other than that, a few groups of Facebook can be helpful, but be careful of people pushing stocks for their own benefit
Thoughts on motley fool and similar?
They seem to be like marmite
Some love and some hate ![]()
The thing about Motley Fool and similar sites is it’s a bunch of individual investors giving their opinions. some articles might be good, many of them are not so good
Ok thanks x
Nothing wrong with reading sites like that if you take it with a pinch of salt, and remember it’s just opinion. Some of it might be useful
Motley Fool is a shill piece. They are actually a hedge fund as well as writing biased articles against the position they short against.
Terrible clickbait. They essentially publish/write contrary pieces (one pro one against) for all stocks just to get clicks. Most articles are terrible. But the worst part is that the normal retail investor often can’t tell if an article is terrible (since you and me are not experts on the matter generally).
Agree with this sentiment. The Forget Gamestop articles are laughable at this stage ![]()
Their articles are also machine-written. That’s why you see lots of numbers but the way it is written is very artificial. Stay away from them.
Not a bad run through of the basics here
https://www.moneysavingexpert.com/savings/investment-beginners/
Possibly the safest kind of advice is from MSE experts ![]()
Edit - But beware of fake adverts pretending to be from them as it is a scammers favourite point of entry as they are so trusted.
Are you refereing to these? As I didnt think they were the same people.
Avoid discord servers IMO, and Reddit.
yes and another 2 million in the pipeline for borrowers at 4.2% interest… Yesterday interest was 6%… People offering to lend their stock cheaper today…
I’ve read the latest version of Naked Trader. An easy read and a clear enough approach to the way the author picks potential trades… He has a website too https://www.nakedtrader.co.uk/
Low start, bit different today
I’m new to this as well …AMC and Gamestop are exceptions to the rule; “investing” should be about the long game, this is more day trading and luck
what I did was look at companies that had low share prices historical and ones that I think will bounce back after covid …hence why I got shares in AMC and gamestop before they were meme stock. Also look for companies with growth potential in the future