- Joined
- 18 February 2017
- Posts
- 8
- Reactions
- 0
A very good aim for your first year would be to finish the year with as much money as you started with.
That would be absolutely useless for me. House prices here are going up £15,000 per year. I'll be losing £15,000. It is impossible to keep up with that rise. My aim is to buy a house. I can't and I definitely won't be able to if I just leave my money sitting in the bank.
What I don't get about people's views on stocks is - it seems it's either one way or the other, it's either:
1. Don't get involved - it's too risky.
or
2. You're an idiot if you leave your money sitting in a bank account. Everyone should invest in stocks.
You obviously think my goals are set too high, but you're obviously interested in stocks otherwise you wouldn't be here.
Why not advise me what a more realistic goal would be and how to approach stocks instead of telling me to leave my money in my bank?
I'm here for constructive advice, and I'm fine with people telling me I'm unrealistic and I'm fine with people being blunt with me. If the general consensus is that I need to lower my goals - then I am open to do that. I am not saying I have to make a 100% return no matter what. I'm here for advice on how best to approach stocks with my aims in mind.
I am happy to spend £5000 on speculative stocks. I am happy to risk this money. It will not affect me if I lose it. I'll still have £70,000 in the bank, it's not like I'm going to be struggling in life. I need to take a risk. Losing £5000 won't make a difference to my life - a speculative stock going crazy will change my life.
I am happy to put money on speculative stocks that may not come in this year, but maybe, in 2 or 3 or 4 years time assuming they could go ballistic. I can wait longer.
Has anyone on here got any penny stock picks that stand out to them that I could look into?