Welcome to the 1st Instalment of Risky Business 🎉

As of yesterday, crude oil has reached its all-time low.

We have now entered possibly the most major recession of all time.

This a bad. Very bad.

On the flip side, it also presents the biggest opportunity for financial gain of my lifetime.

It sounds incredibly selfish and I am struggling on what my heart thinks, but my head says go all in. Set yourself up for a more financially secure future.

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My Investing History

I have been investing in the stock market for about 4 years. My first investment was in Deutsch Bank. I was in Berlin at the time and it was crashing. I knew the German government had to bail it out eventually so I asked my dad to buy me stock. It worked. They got bailed out and the stock quickly rose. I made £100. More importantly, I now had a broker account.

I was hooked. I quickly thought I had mastered the game. I started looking at the markets 24/7. After some good trades, I started getting more reckless. I got impatient and eventually put my account balance into 4 stocks. 3 years later I am (29%) down. One went bust, and another two are heading that way. The fourth is Snapchat.

I bought SNAP at $22 when it IPO’d in 2017. By late 2018 it hit $4.82. It slowly rose before taking another hit with COVID-19. Now sitting at $13. Not ideal.

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I also ventured into Bitcoin and Cryptocurrencies in late 2017. This again was going very well until it wasn’t. The arrow indicates when I was trading.

Anywoo… 3 years later, I’m getting back in the game.

This time I have more knowledge, experience and hopefully a better chance at succeeding.

To stay low risk I started investing 10% of my salary into a fund. COVID-19 resulted in some losses but overall I’m happy and will continue doing this for the next +25yrs.

Risky Business 

I also want to have some fun with my money. I want to learn more about finance and investing short term in individual stocks should teach me a thing or two.

I’m using Freetrade to trade. it’s super easy and free with no fees on each trade (This is big).

I started early this year buying Disney (-16%) & Royal Mail (-22%). COVID happened… the markets tanked and so did my shares.

Now, I am starting from scratch … kinda (currently -£74)

I want to document how I perform here on ‘Risky Business’. 

It will allow me to track progress, keep me accountable and allow me to exactly where I go right or wrong.

Wish me well!