Stock Market

[The Stars]

I've recently taken an interest in keeping an eye on shares,and im just wondering how i might get into the market myself.
Anyone here have any experience of the market and/or know how i would go about getting started?

[BohsPartisan]

Get a revolver (six shooter), put one bullet in the chamber, spin the chamber, point the gun at your temple and pull the trigger. Thats pretty much how the market works.

[dahamsta]

I think you'll find three bullets are required. Unless you're loaded of course, in which case the market's skewed towards you.

(Sorry, I don't meant to sound like a communist, but it is true. Insider trading and all that.)

adam

[the 12 th man]

I've recently taken an interest in keeping an eye on shares,and im just wondering how i might get into the market myself.
Anyone here have any experience of the market and/or know how i would go about getting started?

Most share prices are easily accessable through papers etc to keep an eye on ups and downs.
If and when you spot a Share you think is underpriced or if someone gives you a tip just go to your local broker (like Davy in Dawson St, Dublin) and tell them what you want to buy.
They will ask you for I.D so maybe bring a passport or similar.

Some of the brokers have a minimum amount that they'll deal with of about
5K Euro
You can buy shares through your branch of AIB as well (not sure if you have to have A/C)

Good luck if you get involved

[dahamsta]

Google is pushing for realtime prices from the NYSE atm.

http://news.google.ie/news?ie=UTF-8&...12671824&hl=en

adam

[beautifulrock]

most banks offer a internet trading platform so perhaps thats a place to start. However, I have always though that this was best left to the "experts" and you should take advantage of their knowledge by buying unit trusts on offer from the various life companies etc. You will do well to beat their returns unless as previously stated you have acess to insider trading.

[The Stars]

thanks lads...Dont think il be getting involved just yet,but at least i know how to now.

[BohsPartisan]

With the housing market in the US taking a tumble, therefore curtailing the power of the US consumer to buy Chinese goods (US consumers were using their houses as equity), this is possibly the worst time in history to buy shares.

[citizenerased]

Only of course, if you are investing in american companies, i have shares in AIB in the last 15 months they went up by 6 euro a share...very strong, i think AIB and BOI shares still represent good value, and an overall solid investment

[BohsPartisan]

If the US economy goes belly up, so does the world economy. If US companies stop investing in Ireland, as they wil if there is trouble at home, then we're going down. If the housing market here slumps, shares in banks will be bad news. Our whole economy is propped up the property bubble.

[Closed Account 2]

usually online sites (like selftrade) provide financial information on stocks they allow you trade in...

is there any industry in particular you are interested in ?

would you be inclinded to go for risky (but high return) investments or safer low return investments ?

are you interested in stocks that pay dividends or are you more after price rise (then sell up when the price is high) ??

these are questions u need to ask yourself before investing really.

[Dodge]

You can trade on betfair on overall indices. Have a look there for other financial "games"

[paul_oshea]

i wouldnt go near the ISEQ personally, dodgy and to many of the old boys network exist, plus its monopolised. Deal on the FTSE or NYSE, but FTSE you can get a lot more info, plus its "closer to home"

I use iwebsharedealing, they are fairly decent, yearly subscription and £10 per trade ( under a certain amount which I cant remember ). Keeping an eye on the stocks is more important than anything else.

One thing to note is, you HAVE to set a limit at which to sell, plus its better to have a few stocks with higher amounts than many with low amounts, because in the long run it willl pan out better. If for example you buy in at £1.10 and you have seen them rise over the last quarter from £.80 to £1.10, you need to set yourself a limit, whatever that is but once reached sell.....greediness is always dangerous in stocks, especially over time!!! I knew of a couple of people who had multiples of 10s of thousands on paper but because of not selling at the "right time"( defined by you really ) ended up right back down where they started and sometimes below!!!

edmundo mentioned a couple of questions you need to ask yourself, to me im thinking you are looking at more quick money, you never reallly make much on dividends unless you have a big investment and leave it over a long time. The metals and minerals market can give you some very high returns, the technologies companies sometimes can be a great investment but again they can also leave you reeling. either way a lot of thought needs to go into what you are doing.....

[Jaime]

Goodbody charge around €50 per transaction, but you can open an account with as little as €1000. Some of the online services seem a lot cheaper for dealing charges.

[paul_oshea]

ya but do any of those allow dealing outside the iseq?

[dahamsta]

They do indeed.

[ifk101]

Do the Irish banks offer ready-made share funds/ portfolios to customers? If so, maybe you should look into them if you are interested in investing in shares.

I'm no expert on the subject but my basic understanding is that diversification, ie risk spreading, is the key word in share investing. Share funds offer this as they are basically made up of 20+ different shares, so if one share goes down in value there 's a strong possibility that the loss on that particular share will be balanced by a gain on one or more of your shares.

[Dodge]

Do the Irish banks offer ready-made share funds/ portfolios to customers? If so, maybe you should look into them if you are interested in investing in shares.

They all do, as do several independent companies.

[John83]

most banks offer a internet trading platform so perhaps thats a place to start. However, I have always though that this was best left to the "experts" and you should take advantage of their knowledge by buying unit trusts on offer from the various life companies etc. You will do well to beat their returns unless as previously stated you have acess to insider trading.

I wish I'd kept the paper I read on this study, but it's been shown that throwing darts at a list of stocks while blindfolded is competitive with that sort of thing. Truth is, most of the 'experts' aren't very good. The market's just too random.

[Billsthoughts]

make sure you keep a close eye on all your paperwork if you go with one of the domestic stockbrokers. some of these places are very shabbily run with high turnovers of staff. one in particular outsourced all of its back office(basically the admin part of it.) to a uk outsourcing company who are supposed to be very badly run. you can open execution only accounts(where you just place your own trades and pay the transaction fee) at most of them. cant imagine that they would involve a minium investment. think some people are mixing up portfolios with just a share dealing account.