SpaceGazelle wrote:I'm thinking about starting a B&B share group. Just throwing it out there to see if there's any interest (boom,boom) at all.
It'll be a collective affair and will initially require some trust on your part. It's mainly a bit of fun that should hopefully reap some rewards over time. We'll need to establish some rules and stuff but if I get enough aye's I'll start sorting it out. The aim is to use our collective wisdom to our collective advantage. We'll need at least £500 to get it going so I reckon ten aye's at £50 each. If there's major interest the pot will grow. I think it might be a good learning experience for all.
PM if interested. If I get 9 (plus me) we can start to debate THE PLAN. I personally think we should put 50% in a low cost FTSE tracker and be a bit more daring with the other half, and given the nature of the forum that might be tech related.
Update:
Right, looks like this thing is going to happen so here's some useful links;
Investment Calculator - Play around with this!. Typical tracker pays around 10-11%, and if you invest £100 a month for 30 years or so you might be pleasantly surprised. Try the lump sum one too. This is at the very heart of what any long term investment is about - the snowball effect of compound interest. You'll quickly see that investing more now will reap big later on.
http://www.moneysavingexpert.com/savings/stocks-shares-isas - Read plz. The growth of low cost platforms is what makes self investing suddenly very attractive (and rubbish interest rates).
http://www.thisismoney.co.uk/money/index.html - Useful general financial stuff.
http://www.investopedia.com/ - All sorts of stuff in here, tutorials, videos, definitions etc. Don't go too deep, the whole idea behind this endeavour is to learn as we go.
Don't be put off by financial jargon. We'll be looking to invest long term, and common sense alone will get you far.
SpaceGazelle wrote:It was a nice time to buy but the logistics weren't great. It was mainly to show how the process worked and get people thinking about saving efficiently over long periods of time. Ultimately it was going to prove boring because what you should do is pick good long term stocks and do very little.
SpaceGazelle wrote:Batten down the hatches. It's a matter of how long, not when, the next crash is going to be.
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