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Tips 'n' Tricks from UK Shares Directory
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There are no real secret tricks
to ensure that you become a millionaire through share dealing.
The best way to invest shrewdly & successfully is to keep
your eyes wide open. Informed decisions can only come from informed
people. If you do not already have some knowledge of share dealing
& investments it is not difficult to learn the basics by
visiting websites or by reading a book. Once you understand
how the markets work, it is essential to keep up to date with
investment opportunities, in this way you can take advantage
of the best deals. |
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It is easy to keep a watchful
eye on your investments. Share prices updates can be found on
Ceefax or Teletext. Alternatively, there is a wide range of
financial resources to be found on the internet (we have listed
a selection in our directory), or you can just look in a newspaper,
most contain a financial section where you can find share prices. |
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Think about what you want your
money for & what sort of timescale you are thinking about.
This will affect your choice of investment. Do you want an investment
that will deliver dividends instantaneously or do you want a
more gradual profit? It is also necessary to think about how
much money you can afford to lose; this will determine whether
you will opt for a low or high risk investment. Obviously, high
risk investments will potentially reap higher rewards, but the
possible losses are also potentially more devastating &
are not advisable for investors who want a nest egg. |
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Watch out for charges. Different
financial service providers charge different rates for trading
deals, & sometimes may charge extra for telephone dealing.
The government stamp duty cannot be escaped, but find out how
much you will be charged if you decide to transfer your investments,
& how much commission the company will be expecting to take. |
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Understanding charts- don't be
scared of those share prices that lurk in the financial section
of your daily paper again! 'Price' refers to the value of one
share which is worked out at the at the close of the previous
business day. Plus (+) or minus (-) signs indicate whether the
share price has gone up or down since the previous & you
will be informed by what amount. 'P/E' stands for the price
to earnings ratio & will give you an idea of how much a
share is making compared to the amount it costs. 'Volumes 000's';
this section will reveal how many of the company shares were
bought or sold on the previous day. To gain an idea of the long-term
performance of shares go to the '52 week high/low' section which
indicates the highest & lowest prices at which shares in
the company have been sold during the year. |
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