Amateur stock traders discouraged
www.moneynews.co.uk > General finance > Amateur stock traders discouraged
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Money News |
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Amateur stock traders discouraged
Fri 25th Jul 2008
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The unnamed knowyourmoney.co.uk author said "almost anyone" who has invested over the last few months has lost about 20 per cent of the investments.
Unless one is an "expert trader with all the right knowledge", losses are likely.
The blogger said stock market trading is recommended only for those with "a lot of experience" and in a position to afford making mistakes.
Instead, people should simply spend less, cutting back on frivolities such as expensive pet food and meals out.
Even savings accounts suffer from being unlikely to keep up with the rate of inflation, the blogger said.
The London Stock Exchange is rising despite a general slump in the market, the Guardian reported.
Its shares rose by 24.5p yesterday to 849p.
Other businesses such as BP, Marks and Spencer and Next reported drops.
Related News : General finance |
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