Buying shares...who's the next Tesla?

[DelphiniumCottage]

Just set up a Trading212 account for a bit of fun. I've £30 to invest. Advice please.

Ideally I'd like to invest in a new company that's about to sky rocket in value 😁 but in the real world I'd love some advice on what would be good to invest in at the moment.

I know very little, so go easy on me.

Anyone used this app before?

Its a very common investment platform due to the low charges and 5.2% interest paid on non invested cash.

Picking one stock to invest a one of £30 you might as well just pick something at random and hope for the best. What are you trying to achieve? Even if you pick a stock that triples in value (which is extremely rare) you're only up to less than £100.

If you are wanting to build some wealth for the future you are better off investing monthly in a global index tracker over the next 10+ years.

£30? How much is a trade? I think the cost of buying and selling will be out of proportion to the amount you have.

There are "magnificent seven" in the US which are Alphabet (google), Amazon, Apple, Meta (Facebook), and Microsoft, Nvidia and Tesla. And in Europe there's the "Granolas" which are GSK, Roche, ASML, Nestle, Novartis, Novo Nordisk, L'Oreal, LVMH, Astra Zeneca SAP and Sanofi.

I think the easiest is to just buy a fund that invests in all the stocks you're interested in and let the fund manager do the heavy thinking.

Whoever owns ozempic.

This is the sensible advice. Look at something like SPDR MSCI World (Acc), which is a global tracker with very low charges. Just put in a regular amount every month and don't worry too much if it goes up or down. If you search for the name and scroll right down, you can download the information document which has all the details of what it is and charges etc.

Also check that you have interest enabled, which is paid daily on cash.

No charges for buying and selling in GBP. There is a currency conversion fee for buying in dollars, Euros etc, but it's a low percentage.

Following

I think you need to be looking at new AI companies now.

With £30 just pick one micro cap stock in biotech or mining at random and hope for the best. Valuations are relatively supressed right now so it's actually not a bad time for a wild punt.