Kaimirza ( HOLD )11 Dec 2014 19:11
I agree with Goldenshares. If you have a cheap account based on commision per share, drip feed.
By Drip feed, if you were to buy £5000 worth in total, buy £1500 now, then wait for at least a 20% drop to top up. That way you will average down the overall shareprice cost.
But REMEMBER, if tou wish to invest here, Rio Tinto is $ sentitive, so very very volatile; any bad news from China / USA and RIO's shareprice will be hit.
I'm not scarying you, just making you understand what you are dealing with. Though, I could say, pile in and buy oodles right now...haha.
I have two accounts, one for trading and one for investing; trading is with Hargreaves Lansdown, and investment with Speirsjeffrey.
ATB.
When I buy another tranche, I will post, but for now its a watch. Sorry.