Stocks

[T6 KFR]

I do tend to dabble now and again but never made a great return. Although i try and invest long term than short term in and out which can make you serious money. Think the last investments were in hurricane and genel. The post office shares have done ok though.

Find the oil and gas market very interesting and would love to make a sensible and lucrative choice one day.

I use the iii.co.uk , they started charging quarterly a few years ago but never done anything about it. Is this normal?

[istoo]

Just use stocks and shares ISA via Hargreaves landsdown.

i have just started an ISA with HL as well, also been thinking about this as well unless there is some wonder alternative oil can only go up.. then again what does cracking the higgs boson really mean???

[Mikie711]

HL are indeed on of the top performers and feature regularly in analyst reports both as a stand alone stock as well as many of their funds.
I have to confess that funds isn't something I have look much into but is on the list to brush up on. Should really as it may mean making some better choices surrounding my pension. Things you don't really think about when you are young but occupy more and more of your thought the older you get.

[duggiesmith]

Actually Whiskey is a really good investment, if you don't drink it that is

On paper, I've made 25% over the last 12 months and if it all goes pear-shaped I can always drown my sorrows in style.

[tut]

Whisky certainly could be a good investment, not sure about whiskey though.......
tut

[DJ]

Anybody else into the financial markets either for a bit of fun or as a serious investor.

Not sure I would call it fun after 20+ years but its always interesting, challenging and has been good to me. A career route I am glad I chose.

[Mikie711]

Anybody else into the financial markets either for a bit of fun or as a serious investor.

Not sure I would call it fun after 20+ years but its always interesting, challenging and has been good to me. A career route I am glad I chose.

That's probably because it's a job, I enjoy working on cars but would never want to do it as a job.

[BigD]

I find the behavioural aspect of investing fascinating. How we as humans value gains and losses differently and it is this that causes the mistakes in investing. There are a couple of interesting reads on behavioural finance and this is probably where I spend most of my time with investor clients.

To give you an example of two brothers each with similar investments. The older brother panicked during the dip in 2009 and wanted to put all his investment in cash. Both brothers had suffered a recent fall in value but we're still in a strong net gain position. I couldn't convince the older brother to hang on in there and as such reluctantly we put him in cash. The younger brother I managed to convince to stick to the plan and keep with the original strategy.

What happened was that the brother in cash then missed out on the rebound and the best gains for many months and when he did go back into the markets it was at a higher price point. All he did was guarantee his recent losses and then miss out on some excellent gains. His brother on the other hand recovered all his recent losses.

It's the human part of investing that is the real risk in some ways.

All interesting none the less and worth understanding.

[campbell]

The other theme that tale underlines is the importance of taking the long term view. Robustly. It needs nerves / confidence / blind eye, call it what you will!

[graeme]

Actually Whiskey is a really good investment, if you don't drink it that is

On paper, I've made 25% over the last 12 months and if it all goes pear-shaped I can always drown my sorrows in style.

I have a bombproof method for making money on whisky. Only sell bottles that are worth more than you paid, and pretend you never intended to sell the others, thus guaranteeing your investment collection is always well up. You cannot lose money on a bottle if you drink it instead of selling it.

A quick glance at the shelf, I'm up about 400%. (ignoring all the ones that are down that I haven't got around to opening yet!)

[Mikie711]

I find the behavioural aspect of investing fascinating. How we as humans value gains and losses differently and it is this that causes the mistakes in investing. There are a couple of interesting reads on behavioural finance and this is probably where I spend most of my time with investor clients.

To give you an example of two brothers each with similar investments. The older brother panicked during the dip in 2009 and wanted to put all his investment in cash. Both brothers had suffered a recent fall in value but we're still in a strong net gain position. I couldn't convince the older brother to hang on in there and as such reluctantly we put him in cash. The younger brother I managed to convince to stick to the plan and keep with the original strategy.

What happened was that the brother in cash then missed out on the rebound and the best gains for many months and when he did go back into the markets it was at a higher price point. All he did was guarantee his recent losses and then miss out on some excellent gains. His brother on the other hand recovered all his recent losses.

It's the human part of investing that is the real risk in some ways.

All interesting none the less and worth understanding.

Reading the "intelligent Investor" by Benjamin Graham, some may have read it already by the looks of things, but that is heavy on the behavioral side of investing. Mind set and attitudes to risk etc. Not far in but interesting so far.

[istoo]

Actually Whiskey is a really good investment, if you don't drink it that is

On paper, I've made 25% over the last 12 months and if it all goes pear-shaped I can always drown my sorrows in style.

i am glad i am not the only one, i turned 40 a few months ago a few months say form being mortgage less too. kids approaching uni age so that will deplete but thinking houses and stocks are the way to go... mike i will read that as soon as i have finished the guy martin book. also very good so far...

[smee]

Actually Whiskey is a really good investment, if you don't drink it that is

On paper, I've made 25% over the last 12 months and if it all goes pear-shaped I can always drown my sorrows in style.

Are you a serious whisky buff Duggie? Good fun

[duggiesmith]

Actually Whiskey is a really good investment, if you don't drink it that is

On paper, I've made 25% over the last 12 months and if it all goes pear-shaped I can always drown my sorrows in style.

Are you a serious whisky buff Duggie? Good fun

I wouldn't say serious, but I do appreciate a decent dram.
I've somehow managed to build up a bit of a collection, more by accident (I can't resist a decent bottle, particularly if it's on offer).
I've never deliberately bought a bottle as an investment, but a couple of purchases have turned out to be worth a bob or two now - Port Ellen 6th release anyone?
Can't beat a good dram and good company.

[Danny T30TUS]

I'll buy your Port Ellen if it's for sale. Might need to sell the car to pay for it though lol.

Do like a good dram myself, currently I'm working my way through 13 different malts that I have opened.

My favourite at the moment is the Kilchoman 100% Islay and a peated version of a Benriach called Curiositas, which for a peated Speyside is absolutely fantastic and way to easy to drink.

Perhaps there is scope for a new thread for SE'rs Whisky club.

Cin Cin

Danny