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codeplea | 6 years ago

5k into 5.3k is 6%. You can get much more than that in the long run by just putting it in an index fund.

Why bother day trading?

discuss

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osrec|6 years ago

Property is not a great option in the UK currently due to rather high stamp duty (i.e. property tax, payable by the buyer) - if stamp duty were lower, I would probably put my money in more property. Equities were a reasonable second choice - my portfolio is fairly diversified now, so I am not making trades on a daily basis but I do keep an eye on it all the time. I probably re-balance my holding about once a week.

Index funds can take quite a hit in a bad market. I am very careful to avoid big slumps in my portfolio value, even if it means not being invested for a month or two.

vpEfljFL|6 years ago

Why equity though? Could you please elaborate why you don't like bonds.

Because for me stocks look like a hot potato game. Literally the whole reasoning behind price is you can sell it higher to someone later.

The price is not supported by anything (book value is 10 to 100 times lower) and you don't get anything because liabilities come first on overvalued assets.