Mad Moe
Member
Registered: 14th Jun 01
Location: Northumberland
User status: Offline
|
quote:
Originally posted by James
quote:
Originally posted by Mad Moe
I invested a little in Northern Rock when they were at about £3 and sold them all off again when they rose back up to about £7, just before thing really went tit's up. Paid for my holiday spending money
Good job you sold them 
I've got a lot of friends and family who work/worked for Northern Rock who weren't so lucky. One of my close friends father was quite senior at there office in Gosforth had somewhere in the region of £100K in shares wiped out!
|
R Lee
Member
Registered: 15th Aug 03
User status: Offline
|
quote:
Originally posted by James
Yeh but if you only take a small risk, you only get a small reward.
But if you take a big risk.........
..........chances are you'll end up with fuck all.
Exactly.
People into shares won't bother looking at them for big money making.
Big risks = fun 
|
Colin
Member
Registered: 4th Apr 02
User status: Offline
|
Share dealings too risky, unless its money your prepared to lose.
I had company ones, from BP. Got them for pretty much 2 for the price of 1. I dont think id bother otherwise.
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
quote:
Originally posted by R Lee
Exactly.
People into shares won't bother looking at them for big money making.
Rubbish, people make huge money on share dealing.
My Dad's portfolio increased about 30% last year, which is a much better investment than he could of got is most other places - although obviously the risk reflects this.
|
Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
|
A customer at work runs a broker and is constantly trying to get me to join up and get wise.
I think he just wants my money but im looking into it as i get older and my grandad was a rich man when he died and 50% of it came from shareholding basically 
|
James@CCC
Member
Registered: 10th Nov 03
Location: Eaton Bray, Bedfordshire
User status: Offline
|
to be honest, if you dont know stuff and research it or have insider knoweldge, then in the long run you wont make any more money than you would in a bank (look up efficent market hypothesis if you want to know why)
best bet is to invest in a mutual fund and let someone who does know stuff use it
|
Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
|
quote:
Originally posted by Cosmo
quote:
Originally posted by R Lee
Exactly.
People into shares won't bother looking at them for big money making.
Rubbish, people make huge money on share dealing.
My Dad's portfolio increased about 30% last year, which is a much better investment than he could of got is most other places - although obviously the risk reflects this.
People do make a lot of money buyt they also lose a lot in order to gain, the biggest problem is riding out those bad times and losses... hence why I always say you need to be fairly liquid to seriosuly make money in stocks and shares, and also be able to accept losses liek a gambler
|
Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
|
I watched that film about Nick Leeson the other day, it was interesting. It was the one with Ewan McGregor in.
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
Rogue Trader, not a bad film that!
|
Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
|
quote:
Originally posted by Cosmo
Rogue Trader, not a bad film that!
Aye thats the one. I remember growing up hearing about what Leeson did, but never quite understood it all.
|
willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
|
that was on the futures market wasnt it?
|
Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
|
quote:
Originally posted by willay
that was on the futures market wasnt it?
I think so yeah.
|
Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
|
Rogue Trader is a fantastic film, seen it dozens of times 
And yes Will, base don the Singapore futures market (SENNAI IIRC)
|
willay
Moderator
Organiser: South East, National Events
Premium Member
Registered: 10th Nov 02
Location: Roydon, Essex
User status: Offline
|
thought singapore's futures market is SGX
Nick now makes a a mint on the back off his fuck up, he does talks about RISK within a trading firm and how easy it can be to evade it, just like that guy who worked for SecGen proved earlier this year. They can hide all sorts of trades until Risk/Clearing realise they are about 30million long 
|
Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
|
SIMEX, thats the one...
Yeah he got released from prison as he was diagnosed with terminal cancer which he survived lol, and now does big talks about how to minimise risk etc
|
hugefoot
Member
Registered: 13th Apr 07
Location: Lincolnshire
User status: Offline
|
What are the best online broker's? I am currently reading alot around this topic and am hoping to maybe start trading soon, but for quite small amounts, e.g. £1000 starting fund.
I am hoping to go in to this industry, and was wondering who you work for willay? What you do and how did you get there?
|
James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
|
quote:
Originally posted by hugefoot
I am hoping to go in to this industry
Good luck 
Where is your degree from?
|
hugefoot
Member
Registered: 13th Apr 07
Location: Lincolnshire
User status: Offline
|
Reading, Investment & Finance in Property
|
James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
|
Hhhmm you may get into one of the smaller investment houses if you are lucky but the market is flooded with graduates from the top 5 unis.
Did the degree only cover finance related to property or finance in general?
|
hugefoot
Member
Registered: 13th Apr 07
Location: Lincolnshire
User status: Offline
|
http://www.rdg.ac.uk/Study/ug/InvestmentandFinanceinPropertyBSc.asp
It is mainly property related, but in my 3rd year I can specialise in some of the more financial modules. Do you work in the industry?
|
James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
|
Yeh I work for Merrill Lynch but in technology. I work with finance related technology though.
|
hugefoot
Member
Registered: 13th Apr 07
Location: Lincolnshire
User status: Offline
|
where did you get your degree from and what subject was it? How long have you worked there for?
|
James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
|
Computing from Bournemouth, worked there for 14 months.
The top 5 uni thing only really applies to the finance related jobs incase you're wondering how I got in from Bournemouth
|
Mad Moe
Member
Registered: 14th Jun 01
Location: Northumberland
User status: Offline
|
quote:
Originally posted by hugefoot
http://www.rdg.ac.uk/Study/ug/InvestmentandFinanceinPropertyBSc.asp
It is mainly property related, but in my 3rd year I can specialise in some of the more financial modules. Do you work in the industry?
I would have thought with a degree like that you would be more suited to the development Banks such as Dunbar, Allied Irish or Davenham who are heavily into property development and property acquisitions. However I know alot of people who work for these banks in the NE and they are laying people off left, right and center
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
As James said the market is flooded at the moment (and always has been tbh) with grads from the top uni's, so if you are going to go that route with your degree then you'll have plenty of hard work and starting from the bottom to get a job at a top firm.
|
