212 investing help

[Pizzaalover]

Hi all

I downloaded an app called 212 last week and invested £25 to start off with. I have bought some shares for air b&b, amazon, Apple and McDonalds. Im in the UK fyi. I have seen the stock go up by about 55p and then go up and down into the plus and minus range. What would happen if I invested more say like £500? Im terrified as I find learning about it all really hard. Are there any taxes or fees to pay and if so how do you know who to contact to pay it all etc? Making 55p is silly however, assuming that I invest more is there a possibility changing that?

Thanks 😊

Is it a good idea to buy stock when it’s in the red and then sell it when it becomes green and profits? I have done that however I just invested in amazon when it was green so I think that might have been a mistake im not sure

How do you buy for different shares (and high value ones at that) for £25? The dealing charges alone would be more than that.

@ForensicAccountant fractional shares here is the link at the bottom. I only added £25 to test it out as I’ve never invested before and wanted to practice. I bought some air b&b shares for £15 and sold them for £15.55. Im just playing around seeing what I can do before adding bigger sums.
m.youtube.com/watch?v=cgpCnvuqAZM

I think if you know this little throwing £500 in would be madness. There are usually charges on sales as well as purchases, and CGT and/or income tax to pay too.

@ALightFromTheShadows thank you, exactly I will do some further research on any charges to pay.

I think if you know this little throwing £500 in would be madness. There are usually charges on sales as well as purchases, and CGT and/or income tax to pay too

The chance of needing to pay capital gains tax on a £500 investment is as close to zero as you can get. CGT allowance is about £12,000 so that £500 investment will need to grow by £11,500. Not exactly likely.

Is it a good idea to buy stock when it’s in the red and then sell it when it becomes green and profits? I have done that however I just invested in amazon when it was green so I think that might have been a mistake im not sure

Not exactly. My general rule is invest in companies that you think will become more valuable in years to come. Then sit on that investment.

I think you are talking about trading which imo is even more difficult than investing.

Thank you for the helpful advice 😊