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I only want to buy shares for the long term


Guest Ava5

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Hi,

 

I have just joined today I want to buy shares for the long term but everything seems to be about trading. I opened a share dealing account and look to start in the next week or so. I am not going to expose myself to lose money I don't have just by buying shares am I.

 

regards

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10 answers to this question

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Hi   If you have opened an account would imply you intend to manage it yourself so whether you intend to hold long term or short term you are still trading. So you will need to be familiar with charts, you will need to decide what to buy, when to buy, how to manage the positions whilst in, and when to sell. With proper risk management and stop loss orders always in place it is unlikely you will lose money you don't have. Check the IG education section to get started if haven't done already. If you find a chart you like the look of post it up and ask for opinions, you may well find something we all might get interested in. Best of luck.

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Guest Gibmike

I am using the platform to buy £X per month for the next 12 months but trying to looking at Funds more than individual stocks as I enjoy the strategy analysis more on this than simply buying stocks in Apple, Facebook or Amazon. It is a trading platform as you trade but there is no need to sell or buy other than your own requirements.

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Thanks for the replies, I am looking to do the same but looking at the AIM market so a lot of looking for information required. I used to use a stockbroker in the past ~ 20 years ago when buying shares but after trawling information it says that this is the new way i.e. online..

 

I read information in FAQ's that said if you don't use it or hold onto stock for a while you charged but it seems that is not applicable to just share dealing alone. Thanks for the info most things I read is about spreads etc and I don't have the money to do that properly lol

 

Regards

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 & .  Try the search box on the community start page for any previous threads on 'AIM' and 'Getting started', you may find some interesting info. Stock brokers charge a commission to manage an account, the internet hasn't changed that, only made easier to do yourself. The spread is just the difference between the buy and sell rate, this can be very high for smaller companies with low volume trading.

Have a listen to a podcast of an Australian stock trader, a bit long winded (1 hour) but some useful tips for new traders on stock picking, charts, platforms, costs (spreads) and much more.

 

https://chatwithtraders.com/ep-110-george-rollytrader/

 

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Guest Intrigue

Hi guys. Iv just joined and I'm looking to do the same. Spend a small amount a money, once a month I want to pick a company that share price is small. Buy them, and just sit on it for 20 years in hope something comes of it. Iv studied a few but only problem is I can't seem to work out how to buy shares in the app? Iv have money in the account. Any pointers please?

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Not to sure 20years as its more the likely that another recession could happen, but medium term over next few years long european banks even some uk really look very attractive, if you are using traditional shares IG offers that account, would not reconmend that using spread trading or CFD as you wont get dividends. 

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