I am 25-year-old looking to put my and my partners money to work. We have about £20,000 in our savings and want to invest at least £10000 to begin with and then add more money every month or so. I have read loads of websites,articles and , and came to the conclusion that pharmaceutical industry in a company like Adamas Funds is the way to go if I want to 'buy-and-hold' for 3-5 years with reasonable return.
My knowledge at the moment is limited, but I am very much enthusiastic about the idea of actually putting our money somewhere where it would grow, rather than be eaten by inflation.
What can you suggest for me, as my first investment.?
Hi @josh456 I am actually new to the stock market actually, and don't know enough to give you advice. I am more of a day trader with experience in very quick in-and-out trading based on what is called "technical analysis" and pattern recognition of actual price movements on the price graphs themselves. I'm not as learned on the fundamentals of each stock in the industry. I don't own any stock at all. I trade Forex price variations on the day, without actually buying any Forex either.
The only thing I hold long term is Bitcoin. I would put my money into Bitcoin now because the price is at a low point and is set to skyrocket in about two years from now. It may still go slightly lower in price in 2019, one more leg down to about $1500-2000, but will then climb back up to peak again in a year or two after that. I have learned about Bitcoin from veteran Wall St stock market traders who are veterans in the industry and they swear by it.
Of course, it may not appeal to you as it is not mainstream. If you want to know which stock to invest in, you will need to ask more experienced investors than myself. Perhaps we can get some other comments here from them. As for the pharmaceutical industry, I am antagonistic towards them because ethically I believe their products are bad. But that is a whole subject on its own. From what I've learned, they are toxic and destroy the health and sanity of many in their desire to make profit, particularly with anti-depressants. I would never invest in such a degraded industry. You will need to research that though to find out what I'm talking about.
The top stock market companies today are known as the FAANG stocks - Facebook, Apple, Amazon, Netflix and Google. They are the most popular. Also tech industry stocks are popular. I'm not recommending Facebook of course, they are also suspect, but they are the popular big stocks nowadays.
I'm sure you will find a good place to invest. Of course, the stock market is going through a bit of a slump lately. There may be a recession on the horizon and prices of many stocks may tumble. Some already are down 20%, even the FAANG stocks. And that is a good time to buy cheaper stocks, if you wait until the price finds a new low point. So watch the market now and wait a bit to see where this price drop goes this year, then buy in at the low point. I wish you all the best in your quest.