Ex-NBA player Matt Bonner taught his daughter about investing. His school teacher taught him about discipline:
…“If she gets money for her birthday, she wants me to put it in her account to buy more stocks,” Bonner said. “I think future value of money is such an important concept that people don’t understand. If you invest your money, what it’s worth 20 years from now is way more than what it is now.”
Bonner credits his investing acumen to his sixth-grade teacher, who gave students $10,000 in fake money to invest in the stock market. His class in Concord, New Hampshire, tracked their investments over the course of a year. Whoever made the most money received a trophy. She instilled discipline by prohibiting students from trading more than once a month, he said.
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That was another stock tip he took away from his sixth-grade teacher, he said. “She said, ‘There’s always money in garbage.’ And she was right,” he said.
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… Bonner didn’t do any research when he and his 8-year-old daughter sat down to pick some stocks.
“I wanted her to invest in something she’s interested in,” Bonner said during halftime of the Spurs’ contest against the Washington Wizards on Saturday.
He explained to E.V.: “When you buy shares of a company, you become a tiny owner of that company, and when the company makes money, then, in theory, you make money as well based on many shares of that company you own.”
I have a few stocks in profit (talking about not much money really) with some of them up by 27%, should I sell these stocks and make a profit? perhaps wait till the price drops to buy the stock again? Would it be a feasible strategy?
I would say it all depends what your strategy is; if your in it for the long haul or not?
If your investing for the future buy more in the dip if your happy with the stock choice. Also nothing wrong with selling at a profit if that’s your strategy to.
If I can ask, do you think a fraction of a diversified portfolio should include REIT? I saw that the yield are particularly good, but they are also eaten by annual fees. So not sure they are a valuable assets.
Looking at the Key Investor Information for £VUKE, it looks like there’s a 0.09 % ongoing charge. If I buy a share in the Freetrade app, how is this ongoing charge actually paid? Is that something I have to worry about?
I did check in the search but didn’t find anythjng. Does free trade offer the option of certificate or proof of purchase or sell in pdf format? I know before purchasing a house, many year ago, I put down a deposit and sold off some shares and funds in Hargreaves. This was then used as evidence to show where the funds came from.
I was just having a look at the Costs and Charges for £IUSA and noticed that the transaction costs are actually negative? How does that work? I would expect the cost to actually take something away.
It depends on how funds deal with their brokers. If they work with the broker and provide shares to short in a package deal then the kick backs can be larger than the costs resulting in a net gain for transaction costs.
The standard settlement period in the UK for share trades is three days, which means the transaction will be completed three days after a deal is struck. At that time, the broker’s client will be informed that he or she is the new beneficial owner of the shares, the cost of those shares will leave their bank account and the money will be credited to the seller.
How does this work with FT or actually any broker? How come I can see the shares in my portfolio straight away and not in 3 days?
I know that Freetrade is more of an investment app and not a trading app, but if I use the instant buy/sell order type I can buy a share and sell it straight away and make a gain/loss without the settlement to even take place ?
I guess I can’t wait for Monday to try this out, so I am posting a question here
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