Stupid Boy
Registered User
- Messages
- 43
Hi All,
I am now in a reasonably strong financial position having finally cleared all that darn gambling debt, and also given up the gambling too...
I am earning 40K now and and i'm in a postion to put away 1,000 per month into a regular savers account earning a high interest rate...
This means I would have 500 euros per month left over effectively to invest in other asset classes, the one which appeals to me is equities...
I have been studying the market for sometime now and would have studied certain aspects of the market through university, so I would have a little grounding on the subject, I have identifed 5 companies that I would be prepared to invest in over the next year with a view to holding the stock for a 5-10 year period. Therefore investing 100 euros in each company per month for the next year giving a total investment of 6,000 euros and a 1,200 euros holding in each...
My question is, how best to do this in order to minimise broker fees, I will effectively be making 60 purchases over the next 12 months, given broker fees range from 10 euros to 30 euros where should I be looking to get on to the market... as any potential gains could take a large hit given the broker fees...
I am now in a reasonably strong financial position having finally cleared all that darn gambling debt, and also given up the gambling too...
I am earning 40K now and and i'm in a postion to put away 1,000 per month into a regular savers account earning a high interest rate...
This means I would have 500 euros per month left over effectively to invest in other asset classes, the one which appeals to me is equities...
I have been studying the market for sometime now and would have studied certain aspects of the market through university, so I would have a little grounding on the subject, I have identifed 5 companies that I would be prepared to invest in over the next year with a view to holding the stock for a 5-10 year period. Therefore investing 100 euros in each company per month for the next year giving a total investment of 6,000 euros and a 1,200 euros holding in each...
My question is, how best to do this in order to minimise broker fees, I will effectively be making 60 purchases over the next 12 months, given broker fees range from 10 euros to 30 euros where should I be looking to get on to the market... as any potential gains could take a large hit given the broker fees...