The price of gold has leapt from $1700 to $1900 in a matter of minutes over the previous week so new investors might be nervous about getting into such a volatile market. Traders themselves are undecided about the current fluctuations and conflicting advice is prevalent.
An old phrase springs to minds ?when in doubt, do nowt? which is a tad rough and ready; however the sentiment is true. It is very easy to sit and try and work out how much profit you could have made on certain stocks when the market is moving that quickly. This is a simplistic way of thinking and not healthy. The vast number of small investors wants to see a return on their hard-earned money. Rushing to chase the trends is foolhardy and not a good way of forward thinking.
A couple of weeks ago we stated that no-one should invest any money which they can?t afford to lose. This is particularly true at the current time. There is too much volatility and very little confidence in investing some experts are even doubting their own advice to a certain extent.
Whereas investors used to contact a stockbroker who used to buy for them, it is now much easier and cheaper for each investor to deal with every transaction for themselves. Comparing the price of trading is possible with many online companies these days. You will feel more like you own your shares if you take care of buying and selling them yourself. Being involved personally means that it will be much more enjoyable for you. There just isn?t the same amount of fun involved in getting a stockbroker to look after this process for you. This becomes more like a transaction than anything else. It is advisable to get advice from a stockbroker if you are investing heavily and want to protect this investment; however, if you are investing as a hobby and want to see what you can do to earn a bit of extra cash, then you should consider doing it yourself online.
A minimum stake in investments like silver and gold is probably wiser and will be more interesting than investing large amounts. A further proposal has just been mentioned and that is in the purchase of platinum and we?ll give you our opinion once this has been considered in some depth.
One way to earn a tax free sum on your investment is to invest in a cash ISA but this is something that a lot of investors forget about. A person can invest up to 5340 in a cash ISA at the moment and this amount can be placed in monthly amounts. However the amount that can be saved in a cash ISA cannot exceed 5340 in a tax year and you can take money out during the year too. You can?t replace the funds once it has been removed from the account. And for as long as you have money in your account, you will earn tax free interest on it.
Before investing in riskier ventures it is wise to have some savings in an ISA which can be drawn down in an emergency.
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Source: http://stockmarketsoup.com/stock-trading/suggestions-for-stock-market-investing/
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