Can you put faith in certain tipsters for long term investing via a SIPP?
As far as I can tell, nobody has any idea which specific shares would be worthwhile investing in for the long-term, i.e. over 5 years, because the fundamental and technical information for such a decision just isn't there today. So you will find that experts will advise investment in what are basically the largest companies on the stock market because these offer the least risk, rather than presenting signs of probable appreciation -
they have a proven business model
they are unlikely to go bust unexpectedly
they have significant market share
they usually pay a reliable dividend
other investors will always want to hold shares in the largest (i.e. FTSE100) companies
if you're talking about a time horizon of, say, 20 years, you could do worse than buy the biggest 5 FTSE100 members each January, re-investing the dividends and never selling.
they have a proven business model
they are unlikely to go bust unexpectedly
they have significant market share
they usually pay a reliable dividend
other investors will always want to hold shares in the largest (i.e. FTSE100) companies
if you're talking about a time horizon of, say, 20 years, you could do worse than buy the biggest 5 FTSE100 members each January, re-investing the dividends and never selling.
Everyone has an angle. You should try to understand why the tipster is trying to push that share. If you are interested in buying shares, can afford the time to investigate, yourself, but doubt your abilities, I can recommend a book. It is "The Zulu Principle" by Jim Slater. It is written in an easily understood style. There is an awful lot of satisfaction to be gained in buying a winner that you picked yourself.
Tipsters' shares are read by everyone. You try your own research. It, really, is not difficult.
I use Sharescope Gold which is no more expensive than most magazine subscriptions. You can ask them for a free sample before you buy.I read no other magazine or newspaper, not even the FT.
Tipsters' shares are read by everyone. You try your own research. It, really, is not difficult.
I use Sharescope Gold which is no more expensive than most magazine subscriptions. You can ask them for a free sample before you buy.I read no other magazine or newspaper, not even the FT.
PokerBrat
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You should rely on no-one but yourself.
If you choose to follow someone else stock tips, you are still responsible for when to buy and when to sell. So it is your knowledge and discipline that will be the difference between making a profit or not.
There is nothing wrong with using the research of stock tipsters, but you must still have a way of filtering them to decide upon which ones to follow. I mean you won't be able to buy every single one, so how are you going to tell them apart?
Furthermore, tipsters get paid for producing tips, not profit. So they have to come up with tips every week. This is not going to help you invest for the long-term.
There is no way out of taking responsibility for your own investments and therefore, learning at least some basic market dynamics of supply and demand.
By all means use tipsters to bring opportunities to your attention, and then apply your own rules for investing to see if they are appropriate for your SIPP.
If you choose to follow someone else stock tips, you are still responsible for when to buy and when to sell. So it is your knowledge and discipline that will be the difference between making a profit or not.
There is nothing wrong with using the research of stock tipsters, but you must still have a way of filtering them to decide upon which ones to follow. I mean you won't be able to buy every single one, so how are you going to tell them apart?
Furthermore, tipsters get paid for producing tips, not profit. So they have to come up with tips every week. This is not going to help you invest for the long-term.
There is no way out of taking responsibility for your own investments and therefore, learning at least some basic market dynamics of supply and demand.
By all means use tipsters to bring opportunities to your attention, and then apply your own rules for investing to see if they are appropriate for your SIPP.
No. I have spent years trading. One of my best tips for people is don't listen to tips!
ccclarette658
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Perhaps a better question would be
I want to ask the advice of a group of semi anonymous Internet users for advice on what to do with my pension. How do I know if these people are suitably informed, and can I rely on their advice?
The question is a good one. You will find me on the forums, chatting away, because I like a certain amount of debate, but I agree that all informnation , especially when it is free, is given for a reason. No one should trust anyone. To show you the extent to which I go, I have never had a credit card and, therefore, never buy online. My bank account is not online, although my broker is, but the funds go to and from my bank account. I trust very few with my money.
I've never been scammed and hang up on cold callers. I have, however, had a buiding society go broke on me. Such is faith in institutions. The villains are not all online.
I, acknowledge the need for people, like yourself, to give advice on being careful and I wish you a Very Prosperous New Year.
Split
Dentalfloss
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if the chart does not confirm what the tipster is saying,then walk away and tell him/her
thank you to everyone who replied , i think i must do my own research and have my own criteria for selecting shares which can include screening thosed tipped in magazines.liked robbie burns book the naked trader , so appreciate the recommendation of another book the zulu principle.so far i have just beeen spread betting for 3 months and have placed 90 trades using ig index to learn as much as i can.my goal is to take over my own sipp.thanks once again.phil
Cheers philni - Jim Slater's approach is rational and thorough, and focuses on traditional investment by purchase of shares for income and the long-term. Its a stock-picker approach. Be psychologically and financially prepared for some short-term pain though, as he, Investors Chronicle and the like, would have you buying in a crashing bear market, when share prices dividends are likely to be cut to nothing and small caps go bust. If you had bought Trafficmaster when IC were saying so, you would be looking at almost worthless paper now: I mention this company as I recall that IC recommended it as a Buy, then again when the price halved, then again when the price halved again - shorting, or even just selling, would have been a far better strategy, but that doesn't sell magazines.
Mr. Charts
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If you bet on horses, would you ask the same question about horse racing tipsters?
If not, why not?
If not, why not?
Ambrose Ackroyd
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If you really insist on investing in stocks after the goings on over the past 2 years or so, I would suggest you only trust yourself.
Tipsters are sh1te ...... whether for horses, dogs or stocks.
Tipsters are sh1te ...... whether for horses, dogs or stocks.
Dentalfloss
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forgot to mention....previous track record is no indecation of the future performance
cheers i take it no one likes tipsters then.will read the articles available as well on the t2win site . have put together 14 things to check in a stock so tonight i am going to do my first ever fundamental analysis on shares tipped by various people and also will check their charts.
also i got 5 books for xmas which i have yet to read on trading.
also i got 5 books for xmas which i have yet to read on trading.
Dentalfloss
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i do like tipsters.....because they do the research for you
many hours of their research,then you can home in on the good bits and confirm it on the chart.many a time i have had good leads
have been looking at www.advfn.com under their section financials which gives key figures , investment ratios , financial ratios , dividend history , fundamentals , assets and liabilities , cash flow statement. if anyone could tell me which are the most important figures to look at and what range should the figures be in to make them look attractive as a buy.maybe there is an article or book that someone could recommend or has someone got a set of criteria that they have found successful.
cheers i better buy this book.
Whilst by no means could they be called "tipsters" , as a result of reading Robbie Burns' The Naked Trader and subsequently paying ADVFN (less than £40 per annum) for access to The Naked Trader premium bulletin board I have become an avid "lurker" on the board. There is a small group of people who post regularly on there , they have no agenda , they are not rampers , just a bunch of enthusiastic traders and investors who discuss shares and you'll find that some are mentioned regularly and are firm favourites. Some of them have a frightening knowledge of Technical Analysis too which makes one feel rather humble.
You will never find anyone tipping shares on the forum but it's a great place to lurk. As for investing through a SIPP I would certainly consider some of the shares I've seen mentioned on there , such as SNR , a British company that has a $800000 stake in the manufacture of every Boeing 787 Dreamliner (this is not a tip btw!!!!!).
If you've got the time and the inclination do a bit of lurking like I have and see what you think.
You will never find anyone tipping shares on the forum but it's a great place to lurk. As for investing through a SIPP I would certainly consider some of the shares I've seen mentioned on there , such as SNR , a British company that has a $800000 stake in the manufacture of every Boeing 787 Dreamliner (this is not a tip btw!!!!!).
If you've got the time and the inclination do a bit of lurking like I have and see what you think.
