Buying and selling shares

[Swervin_Mervin]

Spend the £500 on some nice restaurants once lockdown is over. At least then you’ll have no money but a full stomach.

Even better - get yourself some of their cook at home boxes and help to ensure that they'll still actually be open once lockdown is over!

[Mito Man]

Restaurants do cook at home boxes now? I thought that was independent food subscription places and supermarkets?

I click and collect, if I want food from a restaurant I’m not cooking it myself

[Swervin_Mervin]

Getting a bit O/T but yeah - they range from cook at home to heat at home etc. We've had a Tommy Banks one and it was bloody lovely!

[duncs500]

I've seen a few places our way doing this cook at home stuff, but I'm with Mito, if I'm paying that premium I'd rather they cooked it!

[Broccers]

Surely half the fun of cooking is shopping for the ingredients. Especially in these times when it's something to do when you are not allowed out to do anything.

[Carlos]

Does anyone use an easy to use app based share buying majigga ?

I want to put £500 into a pot and play with it and see what happens.

Dave!

For the amounts you're looking at a Freetrade General Investment Account would do the job.

The free version is pretty basic but has access to plenty of shares, investment trusts and ETFs if you're looking to have a play on a buy and hold basis.

It's not an isa but you'd have to realise a gain of more than £12,300 for that to be an issue.

[mr_jon]

Looks like bitcoin or Tesla if the sentiment continues on the same trend?

I'd love to dabble having done some coding work for a guy on Metatrader, but I decided I'd get addicted and lose the lot.

[ZedLeg]

There’s an interesting experiment happening just now. Reddit day traders are trying to bankrupt a hedge fund by holding onto shares in a company (GameStop) that the fund was trying to short sell. I wonder if their nerve will hold.

https://www.independent.co.uk/life-styl ... 92929.html

[Delphi]

I've got a Nutmeg Stocks & Shares ISA. I moved my savings there after I earned a princely £0.91 interest on a Barclays account with about £4K in it. Made £78 in the first week - that was on a medium risk. You answer a load of questions in advance to help gauge your risk aversion and it'll advise you accordingly. You can manage everything online and in an app. If anyone wants in I can give you a referral link to sign up with and you get 3 months fee free. It's really easy and I wish I'd done it years ago.

[Nathan]

I use a Fidelity ISA

Stocks&Shares ISA ?

I think IG is cheaper ?

[duncs500]

There’s an interesting experiment happening just now. Reddit day traders are trying to bankrupt a hedge fund by holding onto shares in a company (GameStop) that the fund was trying to short sell. I wonder if their nerve will hold.

https://www.independent.co.uk/life-styl ... 92929.html

Ha! That's great.

[mik]

This is superbly done

[RobYob]

When AOC, Ted Cruz, Trump Jnr and Bernie Sanders (edit + Elon) are on the same side of an argument (trading apps restricting users to sell-only transactions) your know we've jumped into an even weirder timeline than 2020...

The mole people ruling hollow Earth are going to turn up in June, I've called it.

[speedingfine]

There’s an interesting experiment happening just now. Reddit day traders are trying to bankrupt a hedge fund by holding onto shares in a company (GameStop) that the fund was trying to short sell. I wonder if their nerve will hold.

https://www.independent.co.uk/life-styl ... 92929.html

[Swervin_Mervin]

What's happened since the Robin Hood platform restricted trading? Is this still rumbling?

[Carlos]

What's happened since the Robin Hood platform restricted trading? Is this still rumbling?

The share price halved but the hedge funds had already closed their position and taken a loss.

[Swervin_Mervin]

Many of the Redditers out of pocket then?

[Mito Man]

It’s recovered to $428 now - Most hedge funds haven’t closed, the last time I checked it was still over 130% short.

[Simon]

Apparently Robinhood ran out of collateral (what with the influx of Redditors taking advantage of the commission free trades) so had to stop purchases.

Credible. But there's always this:

[Beany]

That's not a conflict of interest, that's the actual 'invisible hand of the market'.