You are gambling with stocks and shares RBS shares went from 24-25£ a share to literally pennies 70-80k worth of shares all of a sudden become worth about £450,yeah they seem a good bet.
You need loads of money to play with to make serious money I was discussing this with a customer that’s in that business,the only reason the first example made 20 odd a share was because it was invested over 30 years and the lot was lost.
Stocks and shares are a gamble and if you want to make money quickly it takes a lot of investment and it’s a gamble.
Sorry but that’s not true NWH.
If you put all your eggs in one basket then yes, it has risk, but that’s why you have to do your research. If people go into it with the “get rich quick idea” then that is risky, and that’s what I would describe as gambling, or “day trading” is another term.
In reality they’re are funds available through companies like vanguard who offer things called “index” funds which track the stock market as a whole, which for example the S&P 500 has consistently yielded 10% yearly growth even factoring in stock market crashes.
The idea is, view it as any other ISA, set it up correctly, then leave it in there, making regular contributions just like any other savings. It’s exactly what many of these big pension funds do with money they are given. They just take most of the profit, and give back what they have committed to give back for the pension.
If you put all your life’s saving into RBS then a stocks and shares ISA definitely isnt for you.