Friday, August 12, 2005

I did it

I finally stopped delaying and made my first "investment", such that it was.

I bought into a FTSE 100 tracker while I continue my research into where my money should really go. This should probably be the cue that professional investors have been waiting for.... when naifs such as me buy into something that has risen so much over the last two years, it surely must mark the peak.

Nevertheless, a paper profit of 35 (pence that is) just before market close is now a paper loss of 42p. I think I'll just leave it alone for a while.
Posted by at

1 comment:

Anonymous said...

Writing as someone who buys the FT Weekend but can't be bothered to do more with the Money and Business section than have a look at the contents to see whether her FTSE 100 employer is featured (and it rarely is), I advise you to stick with your index tracker. You'll be less tempted to trade it frequently than you would be with self-chosen stocks, thus cutting down on transaction costs. And exchange traded funds are exempt from stamp duty.

If you want more excitement you could invest in an AIM tracker or the FTSE 250. Or China.

Are spammy comments a sign of popularity?

6:19 PM

Post a Comment

Subscribe to: Post Comments (Atom)