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Investing
Apr 26, 2019 5:32:25 GMT
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Post by zerps on Apr 26, 2019 5:32:25 GMT
I’ve decided to try and invest for the future as you can’t rely on pensions or anything for that matter.
I’ve been a close follower of bitcoin and cryptocurrency in general. Blockchain is an emerging technology market with potential to be the new internet. Or at least that’s the dream.
Certainly not financial advice but has anyone else dabbled / keeping an eye on it?
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Post by felonious on Apr 26, 2019 5:56:23 GMT
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Investing
Apr 26, 2019 5:58:19 GMT
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Post by zerps on Apr 26, 2019 5:58:19 GMT
Cheers mate
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Post by auntiegeorge on Apr 26, 2019 6:41:54 GMT
Don't deceive yourself. Crypto is not an investment. It is pure speculation. It's a totally unregulated marketplace. If you lose your money - some or all of it - you have no recourse whatsoever.
Global capital flows have been moving from Europe to the USA for several years now and are set to increase further due to growing political turmoil in the Eurozone. I would invest a percentage of your money in a USA specific fund. My three main recommendations are USA, technology, and mid cap growth. A broad USA based fund will cover these three areas. As always, wait for a dip in prices before you buy.
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Post by Deleted on Apr 26, 2019 6:45:34 GMT
You're all going to hell
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Post by cerebralstokie on Apr 26, 2019 8:39:59 GMT
I wouldn't touch cryptocurrencies with a barge pole. Go for steady investments and see if you can get a reliable broker. Stocks and shares are risky but can give rewards but you must be prepared to accept short term fluctuations in price. Investment Trusts are safer, but if you are an ethical investor, beware of tobacco and arms and some avoid oil shares on ethical grounds.
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Investing
Apr 26, 2019 8:54:13 GMT
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Post by zerps on Apr 26, 2019 8:54:13 GMT
Cannabis is an interesting one. Crypto has made people very wealthy. One big correction won’t put serious investors off. You have to read market cycles and not panic. It’s fascinating whatever happens, a global financial revolution. People will always shout scam though.
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Post by auntiegeorge on Apr 26, 2019 9:46:16 GMT
Cannabis is an interesting one. Crypto has made people very wealthy. One big correction won’t put serious investors off. You have to read market cycles and not panic. It’s fascinating whatever happens, a global financial revolution. People will always shout scam though. It seems to me you are a novice in search of easy gains. A fatal mistake. There is no such thing as "market cycles" when it comes to cryptocurrency. You simply cannot apply traditional technical and fundamental analysis to such speculative instruments. Most of the so called analysis on cryptos is written by amateurs who don't even have a grasp of the English language, let alone qualified to comment on finance. Crypto has not made people very wealthy. You really believe the hype? How many people do you think bought at the bottom and sold at the top? Practically none. Most punters were still chasing the price of BTC when it was $20,000. 99% of people have lost money in crypto. In the two years since you started accumulating bitcoin it's price has crashed as much as 85%. One of my USA funds has increased 65% in the same time frame. And one of my technology funds has returned 70%. You are doing yourself a great disservice by putting your money at risk in such unproven areas. Leave it to the professionals to take the early hits then join the party later on. I've been an investor for 40 years and have learned my lessons the hard way. Don't let it happen to you.
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Investing
Apr 26, 2019 11:38:41 GMT
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Post by zerps on Apr 26, 2019 11:38:41 GMT
Cannabis is an interesting one. Crypto has made people very wealthy. One big correction won’t put serious investors off. You have to read market cycles and not panic. It’s fascinating whatever happens, a global financial revolution. People will always shout scam though. It seems to me you are a novice in search of easy gains. A fatal mistake. There is no such thing as "market cycles" when it comes to cryptocurrency. You simply cannot apply traditional technical and fundamental analysis to such speculative instruments. Most of the so called analysis on cryptos is written by amateurs who don't even have a grasp of the English language, let alone qualified to comment on finance. Crypto has not made people very wealthy. You really believe the hype? How many people do you think bought at the bottom and sold at the top? Practically none. Most punters were still chasing the price of BTC when it was $20,000. 99% of people have lost money in crypto. In the two years since you started accumulating bitcoin it's price has crashed as much as 85%. One of my USA funds has increased 65% in the same time frame. And one of my technology funds has returned 70%. You are doing yourself a great disservice by putting your money at risk in such unproven areas. Leave it to the professionals to take the early hits then join the party later on. I've been an investor for 40 years and have learned my lessons the hard way. Don't let it happen to you. You don’t think anyone bought bitcoin before 2017? Have a rethink about using the word novice and research bitcoin market cycles since it was created. It seems you’re an out of touch dinosaur. Accumulating in a bear market should make perfect sense to someone with your vast experience. Unless you already got stung by crypto? Buy when there’s blood in the streets not with the majority 👍
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Post by 4372 on Apr 26, 2019 11:48:44 GMT
Bitcon,not Bitcoin
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Investing
Apr 26, 2019 16:25:27 GMT
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Post by Deleted on Apr 26, 2019 16:25:27 GMT
Don't deceive yourself. Crypto is not an investment. It is pure speculation. It's a totally unregulated marketplace. If you lose your money - some or all of it - you have no recourse whatsoever. Global capital flows have been moving from Europe to the USA for several years now and are set to increase further due to growing political turmoil in the Eurozone. I would invest a percentage of your money in a USA specific fund. My three main recommendations are USA, technology, and mid cap growth. A broad USA based fund will cover these three areas. As always, wait for a dip in prices before you buy. How would you go about doing that, presuming (like me) you knew nothing about it
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Post by Timmypotter on Apr 27, 2019 7:25:02 GMT
I've just played it safe and gone for a few index tracker funds (US, UK and emerging markets). Seemed the best option for someone like me who doesn't really know what they're doing.
Then again, in working in software at a few private equity firms and one very large sovereign wealth fund, it always seemed to me that the experts they employed weren't really all that special. It's very hard to beat the market average. There are a few blokes at work who think that Neil Woodford is the second coming of Christ. They've also lost a shed load of money investing in his funds.
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Investing
Apr 27, 2019 8:03:25 GMT
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Post by zerps on Apr 27, 2019 8:03:25 GMT
My dream is to be able to day trade from home / my phone and make a few hundred dollars a day. I’ve attempted it with forex and crypto with varying degrees of success but consistency is almost impossible.
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Post by auntiegeorge on Apr 27, 2019 8:21:24 GMT
My dream is to be able to day trade from home / my phone and make a few hundred dollars a day. I’ve attempted it with forex and crypto with varying degrees of success but consistency is almost impossible. If you want consistency you need to remove the emotion from your trades and close out losing positions with stop losses and sell profitable positions before you become attached to them. The margin on FOREX can kill you. Without even meeting or knowing you I guarantee you have lost money with FOREX trading. Any completely objective trader can make money consistently. Fact. It's amateurs who hope the market will come to them who lose consistently. But why should you listen to me? Apparently I'm an out of touch dinosaur with 40 years trading experience who is soon to retire 10 years early and never have to worry about money again.
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Investing
Apr 27, 2019 8:31:36 GMT
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Post by zerps on Apr 27, 2019 8:31:36 GMT
My dream is to be able to day trade from home / my phone and make a few hundred dollars a day. I’ve attempted it with forex and crypto with varying degrees of success but consistency is almost impossible. If you want consistency you need to remove the emotion from your trades and close out losing positions with stop losses and sell profitable positions before you become attached to them. The margin on FOREX can kill you. Without even meeting or knowing you I guarantee you have lost money with FOREX trading. Any completely objective trader can make money consistently. Fact. It's amateurs who hope the market will come to them who lose consistently. But why should you listen to me? Apparently I'm an out of touch dinosaur with 40 years trading experience who is soon to retire 10 years early and never have to worry about money again. Make plenty of assumptions don’t we 😆 Is that why you’re such an expert? Not that you like talking about it.
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Post by ashsummer on Aug 12, 2019 9:30:16 GMT
With the development of technologies, I would recommend to invest in digital money . Invest in cryptocurrency if you really love to see your investment growth value, thus giving you profitable returns. There is a huge potential for cryptocurencies, just look what is happenning t btc price at the moment
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Post by bathstoke on Aug 12, 2019 9:34:52 GMT
With the development of technologies, I would recommend to invest in digital money . Invest in cryptocurrency if you really love to see your investment growth value, thus giving you profitable returns. There is a huge potential for cryptocurencies, just look what is happenning t btc price at the moment Trying to boost your investment... Sounds like pyramid selling
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Post by foster on Aug 12, 2019 9:59:16 GMT
The bitcoin ship sailed 2 years ago.
I'm not an expert by any means but I would assume companies involved in Clean energy, Blockchain, eSports are safer bets for the future.
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Investing
Aug 12, 2019 10:19:33 GMT
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Post by swampmongrel on Aug 12, 2019 10:19:33 GMT
I've just played it safe and gone for a few index tracker funds (US, UK and emerging markets). Seemed the best option for someone like me who doesn't really know what they're doing. Seems sensible. Work out your risk profile and then use the cheapest index tracker you can find which match it. Ishares/Blackrock or Vanguard usually. Also, everyone should understand their pension situation. Using a SIPP will, for most, be the best thing they could do regardless of the underlying securities. Everyone should do this ASAP.
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Investing
Aug 12, 2019 12:17:47 GMT
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Post by zerps on Aug 12, 2019 12:17:47 GMT
The bitcoin ship sailed 2 years ago. I'm not an expert by any means but I would assume companies involved in Clean energy, Blockchain, eSports are safer bets for the future. How many percent is it up this year? Well over 100. Show me a stock that’s done that.
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Investing
Aug 12, 2019 12:18:17 GMT
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Post by zerps on Aug 12, 2019 12:18:17 GMT
Buy xrp but research it first
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Post by foster on Aug 12, 2019 12:40:15 GMT
The bitcoin ship sailed 2 years ago. I'm not an expert by any means but I would assume companies involved in Clean energy, Blockchain, eSports are safer bets for the future. How many percent is it up this year? Well over 100. Show me a stock that’s done that. Best time to buy was a few years back. It's not as high as it has been previously and there's no guarantee that it won't bomb again. The OP is looking for a investment for the future, for his pension, not a quick buck at exceptionally high risk.
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Post by PotteringThrough on Aug 12, 2019 12:47:44 GMT
Like most things in life I turn to Homer Simpson whenever I have a question:
I just made a cool $25 dollars playing the market. Buy low, sell high, that's my motto. I may just quit my job at the power plant and become a full time stock market guy.
That's how you do it guys.
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Investing
Aug 13, 2019 10:43:58 GMT
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Post by zerps on Aug 13, 2019 10:43:58 GMT
How many percent is it up this year? Well over 100. Show me a stock that’s done that. Best time to buy was a few years back. It's not as high as it has been previously and there's no guarantee that it won't bomb again. The OP is looking for a investment for the future, for his pension, not a quick buck at exceptionally high risk. View AttachmentI am the op Name a guaranteed investment? Bitcoin has outperformed pretty much everything this year by apparently being a bad investment.
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Post by foster on Aug 13, 2019 10:48:31 GMT
Best time to buy was a few years back. It's not as high as it has been previously and there's no guarantee that it won't bomb again. The OP is looking for a investment for the future, for his pension, not a quick buck at exceptionally high risk. View AttachmentI am the op Name a guaranteed investment? Bitcoin has outperformed pretty much everything this year by apparently being a bad investment. Ok, well then invest in it as you want. It's your money. I was just giving my opinion as asked.
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Investing
Aug 13, 2019 12:50:19 GMT
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Post by zerps on Aug 13, 2019 12:50:19 GMT
I am the op Name a guaranteed investment? Bitcoin has outperformed pretty much everything this year by apparently being a bad investment. Ok, well then invest in it as you want. It's your money. I was just giving my opinion as asked. That’s alright I just can’t see how you can write off a 100% + gain on any investment as had it’s day.
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Investing
Aug 13, 2019 13:36:22 GMT
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Post by musik on Aug 13, 2019 13:36:22 GMT
It's like a virtual world.
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Post by ashsummer on Oct 11, 2019 8:35:50 GMT
So I have invested a bit in bitcoin and other cryptocurrencies that allowed me to know this world. I do not dedicate any monthly budget to the cryptocurrencies, I only act with impulse but never going beyond the limits that I have set. Reading all cryptocurrency reviews really helps
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Investing
Oct 11, 2019 8:53:42 GMT
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Post by wizzardofdribble on Oct 11, 2019 8:53:42 GMT
You can make a lot of money from crypto currencies if you buy the right one at the right time (like any other form of investment) and you can lose a lot of money very quickly too.
Too risky for me.
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Post by foster on Oct 11, 2019 9:33:27 GMT
You can make a lot of money from crypto currencies if you buy the right one at the right time (like any other form of investment) and you can lose a lot of money very quickly too. Too risky for me. I don't think I'd be looking to invest in any shares at the moment with the direction the global economy seems to be heading.
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