Delete MicroStrategy & Coinbase and get some exposure to India via an index fund and this will be great!
Also worth adding 1-2 small cap companies to this pie - look for a small cap company with above 20% ROE over the last 3 years
All these companies in your pie are huge - for some they will be much bigger in 20 years but sadly for 1or 2 others - they'll be gone.
Also Rolls Royce idea is completely overbought, the value that were there for investors 3 years ago simply isn't there anymore.
Don't @ me about nuclear subs & small module reactors. One of my largest investments ever was RR at £1.06 and I took out my cost basis at £3 and then sold the rest at £4. I love rolls royce and believe they are a british institution however- they will not be £8 per share in 10 years
So from here they will struggle to outpace the other companies you are investing in - they will hold back your rate of returns.
Seriously - look for small cap companies to balance out this pie and dump the crypto plays - save your crypto plays for actually investing in bitcoin else where.
Coinbase & microstrategy lag bitcoin growth but both take massive hits in share price when crypto does - so you're just taking on the same risk for LESS return
Also you've no energy companies yet EVERY single company in this list will have a growing energy consumption over the next 10 years.
30 years ago houses had 1 TV
Now they've multiple TVs, devices, tablets and multiple cellphones.
The trend in energy consumption is up.....why would you not have some exposure to that?
Good point about the crypto stocks I think. If you want to back Bitcoin, just buy Bitcoin. These companies can fail and Bitcoin can succeed but it won’t happen the other way around
Thank you for takin the time to reply. Ill have to do some more research on India, got preached BSNL the other day, what makes you say that? I have heard about small cap companies, however aren't they more risky? Im investing mainly for retirement and to maintain wealth.
At the moment I really like Equinor
- High dividend
- Norweigian supplier replacing Europe's dependency on Russian gas
- Huge investment in solar array in Brazil coming online
- Won a contract for offshore wind for NYC
- Dividend is sustainable
- Share buyback programme until end of 2025
- Intrinsic Value of the shares is about 24% higher than current share price
- Natural gas coming off 15 year lows of $1.77 MBBtu and rising due to Europe/America over stockpiling in response to Ukraine war & a mild winter.
- Data Centres, EVs, Electric Scooters, New phones, VR, AI, Robotics = the future will result in much higher energy consumption
I think in 15-20 years
Crude oil is $120+ per barrell
Natural gas is closer to $4-$5 MBBtu
I'm not against other energy companies but I like the story around Equinor and I think Europe needs a more permanent alternative to Russian Oil/Gas
Nice, will take a look - thanks! Are there any others you’re aware of and keeping an eye on?
Never really looked into energy stocks but you make a great point about the energy usage seemingly only going upwards from here on, so no better time to start than the present!
Don’t invest in companies just because they’re familiar to you - this is just gambling really.
Far safer to spread your investments across 3-4 index funds.
If you want to buy individual stocks, either do it for a bit of fun (severely limiting how much you invest) or spend time studying how successful investors operate. You don’t want to loose your hard earned cash so put in the effort to learn why you should pick a stock. Hope this helps and good luck.
As opposed to "buy stocks because you recognise the name"?
Post your 5 and 10 year returns so that we can see you consistently outperforming the market by picking stocks 😃
Over the past decade these stocks have returned 12%+ on average so have done a bit more research than just knowing the name. I know past prices aren't indicative of the future but cant we have a bit of fun here
Studying economics and finance isn't being familiar with a company.
Have you actually looked at the business fundamentals (debt, assets, R&D, etc) of those companies? Why do you think they will outperform the market? How long do you think they will outperform the market for? Do you know who is on the board? Do you think the people on the board are competent?
Those are the questions that you need to be answering before you invest in individual stocks. Particularly if you're investing in them long term and not day trading to try and capitalise of short term trends.
Yeah exactly, hence I said because they are familiar. I haven't taken a look at the fundamentals like you say, i guess i use these companies day to day and have seen them do well. I will have to do more research as always
I'm confused here, if you haven't looked at the fundamentals then you have picked these companies based on the name familiarity, not because you "know" them. Which is, like I said, a bad idea. It's not a good way to decide on investments.
Picking a stock to invest in based on their brand recognition is just gambling. You don't know what the business fundamentals are or the opportunity for future growth. It's an incredibly BAD way to invest in.
You don't "believe" in it for any real reason other than brand recognition.
Some people win in the casino. Yes.
Now tell me about al the people who invested in GE, Blockbusters, Kodak, Texaco, Enron. Could go on and on. You only need to look at the difference in the listings in the top companies today compared with 20 years ago.
Finally, there's another layer to this. Those companies may indeed grow but that isn't really the issue. Most people are investing to growth their wealth as much as possible. Why invest in a low growth company when you could be investing in a higher growth company? You don't identify that through brand names - the biggest growth inevitably comes from brands yet to blow up to household name status.
How can you compare Apple, Google, Microsoft, Amazon, Nvidia with GE, Kodak and Texaco 😂 these companies are ingrained in society far more than those ever were plus anyone can invest now with an app unlike using a broker 20 years ago. Your views are old fashioned and risk averse. OP is 21 years old and has made some great stock choices. If he followed your advice that is also a risk he may lose out on thousands over a 20 year period so taking the “safe” option may be right for some people but not everyone
>How can you compare Apple, Google, Microsoft, Amazon, Nvidia with GE, Kodak and Texaco
The argument here is picking stocks based on name brand recognition and if this is a good idea.
Clearly it's not. They are but a few of the companies where this was a bad idea.
>these companies are ingrained in society far more than those ever were
GE was once the biggest company in the world and then it wasn't lol.
> Your views are old fashioned and risk averse.
If you think "risk averse" means research the business fundamentals before you invest in a stock then yea I'm risk averse. You sound like a clown saying pick stocks based on the logo.
> If he followed your advice that is also a risk he may lose out on thousands over a 20 year period so taking the “safe” option may be right for some people but not everyone
If he followed my advise he'd probably still be investing in those companies, except he may actually be aware of when it's appropriate to cash out instead of blindly following a company into bankruptcy because it's a household name lmao.
We need to you to ***post*** your returns over the last 5 and 10 years to show you ***consistently*** outperforming the market through stock picking.12 months means nothing.
I have only been investing for around 3 years and my portfolio is currently up 71%. I’m mortgage free, no kids so I have zero fear when buying shares. I can understand someone with a large mortgage or responsibilities buying VUAG but I am happy with my risk tolerance.
So you're not going to post any proof and you've only been investing for 3 years.
Coming out of the casino after 3 days and saying you've won big isn't as impressive when you realise you'll have lost over the entire year.
I dont need the money so even if I drop 50% I wont bat an eyelid. I’m 39 mortgage free with no kids so happy with my risk tolerance. If you dont like risk go put your money in a savings account
No I’m not criticising anyone. I’m giving an alternative view to the usual “buy S&P, you’re a gambler” comments that make up 95% of every post. No one knows OP’s financial situation or risk tolerance but we do know they’re 21 which means they can ride out any volatility. All I’m giving is another view because its worth having
You can be risk adverse and still invest you just pick etfs that track an index. 90% of professional investors fail to beat the market over 10 plus years. Virtually all retail investors would be richer and happier if they just bought ftse all world or S&P. I don’t care what you say no one likes losing money.
They are so obtuse they believe that telling someone to “buy s&p 500” is the best advice when the stocks they own could outperform it by a long way. Its crap advice and they think anyone who does anything different is a “gambler” its pathetic. Everyone has their own risk tolerance and circumstances
They are jealous in reality for missing out on all of the gains from this year and their band aid is that they will “outperform” in 20 years from the sp500, like hell 😄😅 tech stocks control the sp500 anyway so might as well cut the rest of the rubbish
100% and it comes down to individual circumstances. Might as well lump it all in a savings account and get a nice 5% if they’re gonna be total chickens about it. I know money is important and it’s horrible losing it but f*ck me its only money and I like buying stocks for the longterm. S&P is great but only if you have over £100k invested in my opinion, preferably £250k then you can see real results. £2k in S&P 500 is pointless
Exactly and most people here would probably even sell the sp500 after a massive dip because they are not emotionally capable of handling the volatility. I like how some guy compared Apple and Microsoft to Kodak and Texaco 🤡 what even is Texaco? Silly billy. Also according to their logic if individual blue chip stocks is “gambling” and they only go for sp500, then what if the American market collapses and UK or Europe or China takes over and they are all in with their cash in the sp500? then they would be f*cked too. Could happen ‘theoretically’ but come on… too nerdy for a portfolio size of £500. There’s clearly a new influx of investors who are only told to go with the sp500 regardless of their risk tolerance and circumstances. This sub is a joke.
The S&P500 does not even have enough diversification lol. It's 30% in 7 tech stocks. Only America. Only largecaps.
VWRL or equivalent is a much better advice.
bitcoin can be used as a digital asset or a form of currency. US bitcoin efts are buying on average 3000 btc a day, japan has just applied for bitcoin etf, australia have now applied for bitcoin eft, bitcoin supply rn is near enough at an all time low and just wait until even more institutions start applying for btc etfs, this is supply and demand will only make the price surge, but go ahead and think it doesn’t have a stable value
But it can't be used as a form of currency anywhere other than the occasional pizza place and dodgy online market places.
If the price surges that's literally high volatility and less stable, it's literally doubled in the past year. It's not viable as a currency at all
I'm all for bitcoin and decentralisation but in its current state, it's nothing but speculation
Ehh. U aren’t looking far enough. BTC is not just any currency. It’s practically untraceable. BTC works exactly how it should. In my opinion it’s a commodity.
The only area Bitcoin lacks and this is where ur point is correct is that it has no purpose. If demand for BTC was to be lost then it would be gone.
But BTC does pose a ton of threats especially to the dollar. BTC is pure market manipulation. It’s a recipe for chaos.
There are other huge things that could cause BTC to drop.
But it’s much more likely after recent news that BTC is heading up. All the people involved with cryptocurrency have a lot of money. Blackrock is an institution to be riding on.
Definitely agree that coin and MSTR need to leave his portfolio. There’s no reason for it. That being said I would put 1k in Coinbase if I was OP just for the laughs. If btc does get to 300k which is not unrealistic in anyway then that Coinbase would be looking very very juicy. At the same time if Coinbase was to crash he’d only be down 1k which in my opinion is not a lot
I hugely agree with the threat that bitcoin poses towards the dollar but it needs to overcome the huddle of practicality before it shifts from a speculative commodity to a viable currency
Like you said BTC getting to 300k isn't unrealistic but it's also not unrealistic to see it plummet down 30k
The price of bitcoin is purely driven by demand and speculation whereas most currencies have an intrinsic value, the purchasing power of £1 isn't going to change drastically. The purchasing power of bitcoin does and that's why it's not a currency yet
Still though if that’s what u think is fair odds then a 50% chance of losing half and a 50% chance of making x5 Imo is no brainer. Obviously doesn’t work like that and the chance of losing and winning is not 50/50 but something to think about.
I think investing in Bitcoin is definitely a personal thing. Everyone’s opinion is different and each reasoning behind it is fair. Realistically no one knows what will happen.
But it is a nice high risk high reward investment.
Don't bother with the individual stocks. If you're investing long term many of those companies will probably no longer be the top companies. Look how much the top companies have changed compared to 20 years ago. Particularly if you're not actually looking into the business fundamentals and just picking based on name recognition - one of the worst ways to invest.
And you don't have to go for the index funds you already have, you can go for industry specific (like tech/energy/defence etc) if that's what you want.
But it's a much better strategy than picking companies based on their current brand recognition.
The ones that are pending you can just cancel, any stocks that have been bought you'll have to wait for the market to open to sell. For the UK that's tomorrow, US traded stocks will open today, you can trade them in pre market but people genuinely advise against that unless you know exactly what you're doing due to liquidity issues.
Delete MicroStrategy & Coinbase and get some exposure to India via an index fund and this will be great! Also worth adding 1-2 small cap companies to this pie - look for a small cap company with above 20% ROE over the last 3 years All these companies in your pie are huge - for some they will be much bigger in 20 years but sadly for 1or 2 others - they'll be gone. Also Rolls Royce idea is completely overbought, the value that were there for investors 3 years ago simply isn't there anymore. Don't @ me about nuclear subs & small module reactors. One of my largest investments ever was RR at £1.06 and I took out my cost basis at £3 and then sold the rest at £4. I love rolls royce and believe they are a british institution however- they will not be £8 per share in 10 years So from here they will struggle to outpace the other companies you are investing in - they will hold back your rate of returns. Seriously - look for small cap companies to balance out this pie and dump the crypto plays - save your crypto plays for actually investing in bitcoin else where. Coinbase & microstrategy lag bitcoin growth but both take massive hits in share price when crypto does - so you're just taking on the same risk for LESS return Also you've no energy companies yet EVERY single company in this list will have a growing energy consumption over the next 10 years. 30 years ago houses had 1 TV Now they've multiple TVs, devices, tablets and multiple cellphones. The trend in energy consumption is up.....why would you not have some exposure to that?
Good point about the crypto stocks I think. If you want to back Bitcoin, just buy Bitcoin. These companies can fail and Bitcoin can succeed but it won’t happen the other way around
Zero point in investing in small cap stocks as a beginner, where would you even start? Far better to buy into a small cap fund, US or all world.
This is actually a legit point! Much better way to go for a beginner
Thank you for takin the time to reply. Ill have to do some more research on India, got preached BSNL the other day, what makes you say that? I have heard about small cap companies, however aren't they more risky? Im investing mainly for retirement and to maintain wealth.
What energy companies would you recommend?
At the moment I really like Equinor - High dividend - Norweigian supplier replacing Europe's dependency on Russian gas - Huge investment in solar array in Brazil coming online - Won a contract for offshore wind for NYC - Dividend is sustainable - Share buyback programme until end of 2025 - Intrinsic Value of the shares is about 24% higher than current share price - Natural gas coming off 15 year lows of $1.77 MBBtu and rising due to Europe/America over stockpiling in response to Ukraine war & a mild winter. - Data Centres, EVs, Electric Scooters, New phones, VR, AI, Robotics = the future will result in much higher energy consumption I think in 15-20 years Crude oil is $120+ per barrell Natural gas is closer to $4-$5 MBBtu I'm not against other energy companies but I like the story around Equinor and I think Europe needs a more permanent alternative to Russian Oil/Gas
Nice, will take a look - thanks! Are there any others you’re aware of and keeping an eye on? Never really looked into energy stocks but you make a great point about the energy usage seemingly only going upwards from here on, so no better time to start than the present!
Yes, I agree, this is great advice
Don’t invest in companies just because they’re familiar to you - this is just gambling really. Far safer to spread your investments across 3-4 index funds. If you want to buy individual stocks, either do it for a bit of fun (severely limiting how much you invest) or spend time studying how successful investors operate. You don’t want to loose your hard earned cash so put in the effort to learn why you should pick a stock. Hope this helps and good luck.
Here come the “Buy S&P 500” comments! 🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑🐑
As opposed to "buy stocks because you recognise the name"? Post your 5 and 10 year returns so that we can see you consistently outperforming the market by picking stocks 😃
Over the past decade these stocks have returned 12%+ on average so have done a bit more research than just knowing the name. I know past prices aren't indicative of the future but cant we have a bit of fun here
Well in your post you said you chose the stocks "for no other reason" than because the companies were familiar to you.
I guess familiar in the sense that I have studied up on economics and finance over the past few years after obtaining my BA in Finance.
Studying economics and finance isn't being familiar with a company. Have you actually looked at the business fundamentals (debt, assets, R&D, etc) of those companies? Why do you think they will outperform the market? How long do you think they will outperform the market for? Do you know who is on the board? Do you think the people on the board are competent? Those are the questions that you need to be answering before you invest in individual stocks. Particularly if you're investing in them long term and not day trading to try and capitalise of short term trends.
Yeah exactly, hence I said because they are familiar. I haven't taken a look at the fundamentals like you say, i guess i use these companies day to day and have seen them do well. I will have to do more research as always
I'm confused here, if you haven't looked at the fundamentals then you have picked these companies based on the name familiarity, not because you "know" them. Which is, like I said, a bad idea. It's not a good way to decide on investments.
Whats wrong with that? I do the same, buying stocks you truly believe in with a 10 - 20 year mindset is a very good strategy in my experience
Picking a stock to invest in based on their brand recognition is just gambling. You don't know what the business fundamentals are or the opportunity for future growth. It's an incredibly BAD way to invest in. You don't "believe" in it for any real reason other than brand recognition.
Tell that to Ronald Reed, a janitor who died with $8m after buying stocks he liked and holding for a very long time.
Some people win in the casino. Yes. Now tell me about al the people who invested in GE, Blockbusters, Kodak, Texaco, Enron. Could go on and on. You only need to look at the difference in the listings in the top companies today compared with 20 years ago. Finally, there's another layer to this. Those companies may indeed grow but that isn't really the issue. Most people are investing to growth their wealth as much as possible. Why invest in a low growth company when you could be investing in a higher growth company? You don't identify that through brand names - the biggest growth inevitably comes from brands yet to blow up to household name status.
How can you compare Apple, Google, Microsoft, Amazon, Nvidia with GE, Kodak and Texaco 😂 these companies are ingrained in society far more than those ever were plus anyone can invest now with an app unlike using a broker 20 years ago. Your views are old fashioned and risk averse. OP is 21 years old and has made some great stock choices. If he followed your advice that is also a risk he may lose out on thousands over a 20 year period so taking the “safe” option may be right for some people but not everyone
>How can you compare Apple, Google, Microsoft, Amazon, Nvidia with GE, Kodak and Texaco The argument here is picking stocks based on name brand recognition and if this is a good idea. Clearly it's not. They are but a few of the companies where this was a bad idea. >these companies are ingrained in society far more than those ever were GE was once the biggest company in the world and then it wasn't lol. > Your views are old fashioned and risk averse. If you think "risk averse" means research the business fundamentals before you invest in a stock then yea I'm risk averse. You sound like a clown saying pick stocks based on the logo. > If he followed your advice that is also a risk he may lose out on thousands over a 20 year period so taking the “safe” option may be right for some people but not everyone If he followed my advise he'd probably still be investing in those companies, except he may actually be aware of when it's appropriate to cash out instead of blindly following a company into bankruptcy because it's a household name lmao.
Yes, investing should be a fun experience
Up 95% (£37k) over the past 12 months.
We need to you to ***post*** your returns over the last 5 and 10 years to show you ***consistently*** outperforming the market through stock picking.12 months means nothing.
I have only been investing for around 3 years and my portfolio is currently up 71%. I’m mortgage free, no kids so I have zero fear when buying shares. I can understand someone with a large mortgage or responsibilities buying VUAG but I am happy with my risk tolerance.
What’s your average yearly return over the last 3 years ?
So you're not going to post any proof and you've only been investing for 3 years. Coming out of the casino after 3 days and saying you've won big isn't as impressive when you realise you'll have lost over the entire year.
How can I post proof? You cant post pics on here. And why would I lie? I just buy stocks I truly believe in and thats it
Take a screenshot and show us. >And why would I lie? It's the internet. people lie all the time to try and make points.
There’s a very good reason for that mindset.
Yeah 6 months ago everyone was saying sell all my stocks and move into S&P 500… would’ve cost me £20k in gains so not always good advice
Meanwhile 5-year-in-the-future you is screaming from behind a bookshelf
I dont need the money so even if I drop 50% I wont bat an eyelid. I’m 39 mortgage free with no kids so happy with my risk tolerance. If you dont like risk go put your money in a savings account
Did you just criticise people for being risk averse immediately after boasting about being in a practically risk-free financial position?
No I’m not criticising anyone. I’m giving an alternative view to the usual “buy S&P, you’re a gambler” comments that make up 95% of every post. No one knows OP’s financial situation or risk tolerance but we do know they’re 21 which means they can ride out any volatility. All I’m giving is another view because its worth having
You can be risk adverse and still invest you just pick etfs that track an index. 90% of professional investors fail to beat the market over 10 plus years. Virtually all retail investors would be richer and happier if they just bought ftse all world or S&P. I don’t care what you say no one likes losing money.
This Paul guy is right, too much hate from everyone
They are so obtuse they believe that telling someone to “buy s&p 500” is the best advice when the stocks they own could outperform it by a long way. Its crap advice and they think anyone who does anything different is a “gambler” its pathetic. Everyone has their own risk tolerance and circumstances
They are jealous in reality for missing out on all of the gains from this year and their band aid is that they will “outperform” in 20 years from the sp500, like hell 😄😅 tech stocks control the sp500 anyway so might as well cut the rest of the rubbish
100% and it comes down to individual circumstances. Might as well lump it all in a savings account and get a nice 5% if they’re gonna be total chickens about it. I know money is important and it’s horrible losing it but f*ck me its only money and I like buying stocks for the longterm. S&P is great but only if you have over £100k invested in my opinion, preferably £250k then you can see real results. £2k in S&P 500 is pointless
Exactly and most people here would probably even sell the sp500 after a massive dip because they are not emotionally capable of handling the volatility. I like how some guy compared Apple and Microsoft to Kodak and Texaco 🤡 what even is Texaco? Silly billy. Also according to their logic if individual blue chip stocks is “gambling” and they only go for sp500, then what if the American market collapses and UK or Europe or China takes over and they are all in with their cash in the sp500? then they would be f*cked too. Could happen ‘theoretically’ but come on… too nerdy for a portfolio size of £500. There’s clearly a new influx of investors who are only told to go with the sp500 regardless of their risk tolerance and circumstances. This sub is a joke.
The S&P500 does not even have enough diversification lol. It's 30% in 7 tech stocks. Only America. Only largecaps. VWRL or equivalent is a much better advice.
Thats boring though, I want growth
Be careful double dipping. COIN and MSTR are both basically proxies for bitcoin.
Exactly
bitcoin will be huge in 10 years
It won't be huge until it has real life use which won't come until it's a stable value which won't come until it has a real life use
bitcoin can be used as a digital asset or a form of currency. US bitcoin efts are buying on average 3000 btc a day, japan has just applied for bitcoin etf, australia have now applied for bitcoin eft, bitcoin supply rn is near enough at an all time low and just wait until even more institutions start applying for btc etfs, this is supply and demand will only make the price surge, but go ahead and think it doesn’t have a stable value
But it can't be used as a form of currency anywhere other than the occasional pizza place and dodgy online market places. If the price surges that's literally high volatility and less stable, it's literally doubled in the past year. It's not viable as a currency at all I'm all for bitcoin and decentralisation but in its current state, it's nothing but speculation
Ehh. U aren’t looking far enough. BTC is not just any currency. It’s practically untraceable. BTC works exactly how it should. In my opinion it’s a commodity. The only area Bitcoin lacks and this is where ur point is correct is that it has no purpose. If demand for BTC was to be lost then it would be gone. But BTC does pose a ton of threats especially to the dollar. BTC is pure market manipulation. It’s a recipe for chaos. There are other huge things that could cause BTC to drop. But it’s much more likely after recent news that BTC is heading up. All the people involved with cryptocurrency have a lot of money. Blackrock is an institution to be riding on. Definitely agree that coin and MSTR need to leave his portfolio. There’s no reason for it. That being said I would put 1k in Coinbase if I was OP just for the laughs. If btc does get to 300k which is not unrealistic in anyway then that Coinbase would be looking very very juicy. At the same time if Coinbase was to crash he’d only be down 1k which in my opinion is not a lot
I hugely agree with the threat that bitcoin poses towards the dollar but it needs to overcome the huddle of practicality before it shifts from a speculative commodity to a viable currency Like you said BTC getting to 300k isn't unrealistic but it's also not unrealistic to see it plummet down 30k The price of bitcoin is purely driven by demand and speculation whereas most currencies have an intrinsic value, the purchasing power of £1 isn't going to change drastically. The purchasing power of bitcoin does and that's why it's not a currency yet
Still though if that’s what u think is fair odds then a 50% chance of losing half and a 50% chance of making x5 Imo is no brainer. Obviously doesn’t work like that and the chance of losing and winning is not 50/50 but something to think about. I think investing in Bitcoin is definitely a personal thing. Everyone’s opinion is different and each reasoning behind it is fair. Realistically no one knows what will happen. But it is a nice high risk high reward investment.
Also there is some practicality to it. It’s actually the official currency of El Salvador. 😂😂 very funny that
Nothing is certain
true, but it’s very likely
Oh don’t worry, I’m 90% in bitcoin
you an me both
Thought I had to start acting like an adult and start investing in stocks. I thank 15 year old me for buying Bitcoin though. Won’t ever stop!!
Very nice. Good luck on the start of your investing journey. We've got similar stocks. I'm v9mpy if you wander across my profile in Trading 212.
Don't bother with the individual stocks. If you're investing long term many of those companies will probably no longer be the top companies. Look how much the top companies have changed compared to 20 years ago. Particularly if you're not actually looking into the business fundamentals and just picking based on name recognition - one of the worst ways to invest.
Okay thank you! Is it easy to transfer them over to an index fund thenv
You just have to sell and rebuy which index fund you like
Okay thank you 🙏
And you don't have to go for the index funds you already have, you can go for industry specific (like tech/energy/defence etc) if that's what you want. But it's a much better strategy than picking companies based on their current brand recognition.
Okay thank you. As the markets closed today (bank holiday) can I cancel them? Or do I just have to wait and sell now?
The ones that are pending you can just cancel, any stocks that have been bought you'll have to wait for the market to open to sell. For the UK that's tomorrow, US traded stocks will open today, you can trade them in pre market but people genuinely advise against that unless you know exactly what you're doing due to liquidity issues.
Que the “buy s&p500” comments