Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Posts: 3
Afternoon all,
I have been keeping a close eye on the forums for over a week, and before anyone decides to post any negative stuff to a new trader, you can pass on by this thread, thanks!
I have been watching the FTSE over the pandemic and decided instead of investing all of my money into one product (that I successfully trade with), I thought I would dip my hand into the stock market. I was keeping a close eye on several companies and in the end, with the way TLW went, I decided to buy in with monthly disposable income. May not be a lot to some but as a first buy, 5650 shares in a company, to me is a big buy.
I have been reading up on TLW before buying in, and from what I have read there is a good chance of some growth in the company after some major falls in price due to debt etc. I am not here to turn around a quick quid or two, I am here for the long haul. I was just wondering if anyone has any good links, advice, trends to look for, companies to look at to see what TLW could do etc?
Also if anyone has any tips or anything with trading, please let me know. I got myself onto a trading platform, trading212, wanted to buy in at a price, logged in once I had woken up and the price I bought in at was 2p higher than I asked. Feel free to PM me if you do know, or can advise on here if that is allowed. I have £1500 in the portfolio, is it worth having someone manage my portfolio for that amount? Costs of that?
I am looking at diversifying with my next disposable income also.
As said before, please can the negative comments by pass the post. Everyone has to start from somewhere, learn trading, win some and loss some.
Thanks in advance.
Posts: 2,481
Hi Adam,
My advice would be to stick to the larger ftse companies. On general chat I have a post "coronavirus biggest fallers" you might see some good buying opportunities amongst those? Google their share prices and look at the charts to see the daily and historic share price movement. To maximise profit you need to always time entry and exit as well as you can so that you always buy low and sell high. You mentioned tlw - oil industry can be especially volatile so upto you but I'd say not ideal for a beginner tbh. Most investors use an ISA share dealing account - barclays, halifax etc. It typically costs about £10 or so to buy and to sell - the cost is deducted automatically when you buy or sell. They're simple to use and you don't pay tax with a shares ISA.
If you wanted to do your own research, you could Google "ftse 350 companies list" and go through every company on the ftse 350 - Google them and look at the charts to see daily and historic share price movement and identify any buying opportunities. You can download a stock tracker app for free on Google play and use it to keep track of your favourite shares - you can also set an alarm for when a share price hits a particular figure you had in mind.
When you buy a share, you buy at the "ask" price
When you sell you do so at the "bid" price
Example - the share price is currently £5.00 / the ask price is £5.10 and the bid price is £4.90
The difference between the share price and the bid/ask price is known as the "spread" - the spread is the broker's profit, the wider the % spread the more profit the broker makes (essentially the more expensive the stock is to buy or sell) so best to buy when the % spread is tighter as it changes throughout the day and varies from share to share. All these figures are displayed on this site on the chat board of the share you're interested in.
Market capitalisation (MCAP) is the value of the company placed on it by the market
Market capitalisation = share price x number of shares in issue
Number or shares in issue = market capitalisation (divided by) share price
You will see market capitalisation when you Google a share price (its on the right of screen)
Share price = market capitalisation (divided by) number of shares in issue
On this site, go to chat board of your choice & click on fundamentals to see figures such as total liabilities, total assets & NAV.
Net asset value (NAV) = total assets - total liabilities
Net asset value per share (NPS) = net asset value (divided by) number of shares in issue
Market capitalisation = NAV + "the market decides" (NAV represents the true asset value of the company, market capitalisation represents how much investors believe the company is worth taking NAV into account as well as future growth potential etc)
Other advice, read up on Warren Buffett and maybe consider buying a book on investing, the naked trader is the one I bought when I first started. The rest you'll pick up as you go tbh.
Posts: 1,227
FWIW, I wish to congratulate you in making your first tentative steps in building a portfolio. At your disposal are many more tools that I had when I started mine in 1979 - sheesh, is that really almost half a century ago? - when, in those days private clients with investment capital under £50,000 were despised and only considered viable with cash exceeding £200,000.
If it is of any consolation, I have not quite made £500k on my own account from investing small amounts regularly, but, following a recent inheritance my exposure to equities is a whisker under £1m but my assets now are close to £3m from house and art price inflation.
In the old days we had newspapers and for the wealthy the FT (sporting pink) provided information for the runners and riders participating. Nowadays, information is as good as instant so all you need to do is to find a company having consistent growth led by OLD managers (Halma is a great company for that) and find out as much as you can about the middle managers in the tiers immediately below director level in the company and those that they acquire and follow their careers.
This is, if you like, the "old boy" network information that was denied to me. It is from a system in which I was educated and hated.
Second, in the old days dealing charges were far higher than they are today and the minimum investment in 1979 was, to all intents and purposes was £1,000. Actually £1,500 is probably the realistic amount these days to invest in a single equity with dealing costs of a score (tenner to buy and a tenner to sell). Stamp duty is negligible.
This gives you an interesting conundrum - I don't really care where you invest geographically, politically, sector or any other reason simply that you understand the business in which you are investing. If you really understand bitcoin, and can explain why a solution to solve a mathematical problem that has no relevance to anything capable of production has a value other than passion, then you will make a fortune from luck.
If, on the other hand, you can see how a business generates growing turnover through organic and acquisitive growth and can plot the path of the managers appointed in such growth, then perhaps Darwin was correct. It is the same "old boy network", only this time there is no need to have the stigma of a 3rd rate school, a 2nd class degree and a 1st class brain to work the odds to your favour.
Best of luck
Angus