Anyone belong to an Investors club - buying/selling shares?

[Wolfgirl]

Not sure this has been done already, or if it is allowed here on MNHQ, but Im wondering if anyone would like to start one with me?

I only have an idea of how they work, so if anyone IS interested, or has a better idea of how they work, then please say.

Im guessing it would start off very simply.

One of us (or more perhpas) would do some research into either AIM or FTSE shares, and nominate them for OUR portfolio. We would go ahead on our own steam to purchase or just watch them - adding them to a dummy porfolio.

It would be up to us as individuals to go ahead and purchase with no liability/obligation to other investors in our club.

I could create a spreadsheet - maybe?

But for now, is there anyone out there, that would like to join me? Make a few bob by Christmas maybe?

Oh btw regarding money and how much to invest. I guess not many of us have spare cash lying around, and I do appreciate that buying and selling can be a risky business. But Im thinking that starting off with even just a couple of hundred - based on a share that has been researched and has good prospects - could be double your money - then you take the profit and move on, sort of thing.

I would say you would need a good few hundred to start off with

I'd like to- but would like to start off with £50 - that's no good is it? Perhaps I could start off with a dummy set, then invest next time I take on an extra job (I get occasional extra work which pays a few hundred each time).

Hi Yurt1, Mmmmmm.... you will have dealing charges to buy AND sell, so £50 wont buy you many shares, unless they are PENNY shares.

And yes, you can buy Penny shares, accept I dont subscribe to any org. now that gives tip offs etc. I used to, many years ago. I guess you could google fro broker tips on Penny shares.

I would say min. £200-300.

But as you say, you could keep a dummy portfolio to start off and watch what is going on, then when you have extra money, go ahead and purchase.

Also, you need to understand, that your shares could go down as well as up. Ive bought quite a few unfortunatley that have nose dived, or just stood still for a while.

Im OK with shares standing still, or even dipping 10 or 20p, it when they really drop that gets upsetting

anyone else?

When I looked at Penny shares they seemed to have quote pricey dealer fees.

I have some money in investments (ISA's) but they're doing quite well (and are long term so no problem with market's dropping, we just buy more shares in those times) but I don't want to take money out of those to 'play' iykiwm.

When I work I tend to get about £300 + a time, so perhaps I'll use the next lot to invest and in the meantime do a dummy portfolio to practice.

OK Yurt1, when I have a few more folk interested, I will holla for you . Might be doing this on my own by the looks of it though

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anyone else interested?

I am interested. Don't have experience in how they are usually organised, though.

Hi Chisigirl, Im at work right now, but will jump on MN tonight and maybe we can chat this trhough. Im not sure it will all work, but Im guessing, somehting like this:

1. we use our own money (obviously )
2. we research companies and make suggestions to each other

speak later.

Do we have the same objectives? Quick capital gain? Looking for income? Looking for long-term growth?

Can anyone recommend a self-select ISA wrapper?

hermodike - I cant recommend an SS ISA, not right now anyway. Id have to do some research - sorry.

wrt your other question, yes - Im looking for a quick return. However, if we find an company with under-valued shares - then its worth a punt and hanging on until the shares turn upwards.

I like to have a punt when the market has had a slight crash - usually within the banking sector as you know 100% they will bounce back again.

to get a view of what sectors are doing well, its worth getting the FT now and again, or the Telegraph over the weekend....

At the end of the day.... its up to each individual how long they want to hold on to their shares once purchased. I would like a quick return - which for me would be to sell within 3 months of purchases. Its quite tricky knowing when to jump on the bandwagon to buy - always gamble - sometimes they may mark-time or drop for a month or so before they climb - which can be a un-nerving and discouranging.

This is a risky business, which is why Id like to get a few of us, researching both FTSE and AIM markets to mooch out the under-valued shares.

Hope this makes sense. Oh and for the record, I am a novice. Total amateur, so it is with wisdom and our own gut feelings that we would go ahead and purchase. I would only ever make a suggestion of a Share. Never INSIST, iykwim.

Good questions, hermodike. Personally, I'd be looking for capital growth, not income.

OK - thats good.

So, looks like I may have:

yurt1
chisigirl
hermodike

I will try over the next week to research how Investors clubs work. Right now in these early days, I would like it to be light banter between ourselves.

Would you agree that if over time, we feel the need to draw up anything official, we can do that when that time arises?

I have some Shares we could watch, (purely by watching investor/share bulletin boards, and hearing what hardened traders talk about. )

Please CAT me for my home email and we can set something up.

What do you think?

PS yurt1* - I know a couple of Share trading companies that have low dealing fees - £10 to buy, £10 to sell. If thats any good?

Sorry, I'm pretty much a MN amateur. How can you CAT someone?

btw, is anyone registered with Investors Chronicle online? I don't subscribe to the magazine but they've just emailed me an invite to a (free) roadshow they're running in late June. London, Manchestere and Birmingham I think. might be interesting for someone? They say there will be discussions of stock ideas.

CAT is a service offered by MN to ensure security and privacy of emails. Not sure where the link is to apply for it, but it costs £5 per year (I think). Try the Home page.

Dont know anything about Investors Chronicle online. Do have this though....

Interactive Investor

Its free to register. You pick up loads of info and tips.... a good place to start

hi. Right, I think I've signed up for CAT. Sent you a message to see if it's worked!

The Investors Chronicle site looks pretty good. You can get limited access to their stuff (for free) by signing up there.

ah excellent. I did a few punts already over the last couple of days, and they are taking off already.

Really looking forward to getting this mini/amateur club set up. It will be fun. I only have a few hundred to play with (my absolute savings ever!!!) so hope I am picking the good ones.

BTW, Cat messaging seems to take a while to come through, so bear with me if I dont reply in the next day or so. It will only be because I havent received it yet.

I will take a look at the site you mention tonight Chisigirl. The more the better/merrier

hermodike - I noticed on the site link I gave above that they recommend certain SS Isa's - can you take a look there?