Hi...My names Scott...Pro poker player...I'm 18 and live in the UK.

I have heard alot about buying and selling shares though i really don't have a clue how and what to do

I have alot of money to deal with..I'm serious..Very interested in getting into buying shares...

Can somone please give me advice and general thought here..


What would you recomend buy shares in ?


Cheers...Scott

How long are you looking to invest your cash? ...Long term or do you wish to put your money in and then out of different shares?

Apologies for confusion (mine!) as to who was asking for advice.

You need first to get a stockbroker - plenty to choose from, competitive deal prices too, and as JT has said, give us a bit more info to go on before we can start to advise you!

You may want to have this as one of many starting points.

http://www.investopedia.com/beginner.asp

Looks like you've had a lot of fun earning cash playing poker. Just a humble question, do you understand the traits that helped with your success as a Pro Poker Player? If so, can you use these traits to pick winning stocks, perhaps tentatively through a virtual trading site like Bullbearings, MSN Trader, etc. If you can, then post your tips here!

Now that you mention poker, can you recommend any online gaming companies to invest in?

I will recomend micro gaming...www.microgaming.com...This company has just took over from primapoker in the last few months.

That's great. Thanks. Are they private? I can't find an investor section nor an EPIC code. Are they tied up with BIT? I'd be interested in your view of the online gaming sector and would be grateful if you can cast your eye over GVC? How do you rate their games?

http://www.gamingvc.com

Sorry....I haven't got a clue about shares or any of the fancy words you use here....I'M actually a 17 year old poker pro

I've got a itch to become a billion air....I came here for ideas on how to do this....any thoughts ppl ?

Well, if you are into gaming you might wish to take a look at partygaming (PRTY). I held them for a few days and made money quite easily. In fact, wished I had not sold them and so bought them back. Take a look at their website and their recent spoken statement which can be downloaded and listened to from their website, then make your own mind up from there.

Don't think any of us here are billionaires through buying shares, well I hope not 'cos I could think of better things to do.

In all seriousness, it would be funny if it wasn't so sad when folks are serious about these requests. I'm taking it you're not being serious.

If you have time and money on your hands and the prospect of playing poker into old age doesn't appeal, then you're right to get into something else. But don't rush. Take your time. You've got plenty of it.

If you're a good poker player then you might want to look into trading.

UK shares aren't generally much good for this as the costs are too high though I suppose position trading is viable with UK shares.

Futures and US stocks a worth looking at though (just be careful using leverage) - Direct access CFDs can be useful too though are a bit of a rip off.

I'd certainly avoid spread betting firms, most CFD providers and most retail FX brokers.

first thing I'd do is start reading:

books such as: trading in the zone, market wizards, reminiscences of a stock operator, come into my trading room etc.. are useful.

Paper trading/trading on a simulator is useful in that it can tell you if you can't trade but unfortunately it can't tell you if you can trade. The only way to find that out is to use real money and actually trade.

Just remember that, like poker, trading is also a less than zero sum game. You only make money from other people losing money and everyone is paying commissions and costs. Basically the majority lose!

Hi Scott

Buying shares is a bit like playing a No Limit Hold'em tournament.

If you are new to shares i would recommend starting with the larger companies (FTSE250 and the like) that are profit making and paying a good divi. It's easy to get tempted by the next "this will make you Rich" share but such a high percentage of these will loose you money.Once you have more more knowledge and experience then you will find it much easier to know what signs to look for.

Anyone who is new to hold'em and tries to bluff and raise all in often when they have not learned the odds and the basics or positional play, may get lucky and win some big pots, but in they end they are more than likely to be a loser.

A good place to start with some solid picks is the high yield board on Motley fool. Most of the shares here are on cheap ratings, pay a divi similar to what you would earn from having your cash in the bank and normally have good asset backing.

http://boards.fool.co.uk/Messages.asp?mid=...5&bid=51166

If you are earning enough to put alot of money into shares then you could maybe put 75% into "safeish" shares and 25% into more risky plays and monitor the relative perfromances.

If you can afford to invest 5k per year and increase the amount you put in by 4% a year. then an annual return of 20% per annum will turn your dosh into £1 million in just over 30 years (exlcuding taxes ), So this should really be something that you are planning for your long term future rather than trying to turn 50k into 1 million in 3 years.

PS What is your best money making secret at poker(if you don't mind sharing your secrets). I have always found it easy enough to win but it is a very time consuming game. Do you need to play high stakes games? or can you make a reasonable living playing the $3/$6 NL and $50 STT's tournies? also how many games do you play at once? I always used to play 3 at once but sometimes this gets a little hectic - is better to play more at lower profit margin or less at higher profit margin?

Cheers
RM

"I will recomend micro gaming...www.microgaming.com...This company has just took over from primapoker in the last few months."

this info is totally wrong


Microgaming is a private company who operrate the Prima Poker Network of Poker sites , 32 Red Plc (TTR) and Ladbrokes (LAD) use microgaming and prima poker software

"I'd be interested in your view of the online gaming sector and would be grateful if you can cast your eye over GVC? How do you rate their games?

http://www.gamingvc.com

Gaming VC use Boss Media Media Software , which ranks in the top 5 gambling software software companies on the net, which means its poker room will have lots of players to play against, but at the moment is very big in Germany and Austria and parts of Scandanavia, investors Chronicle tipped them as a potentail takeover target a few months ago as the sector consolidates.., but on thier own they need to buy a few more online casinos to expand futher.

Can you get a stockbroker at 17 ?

Date of Birth (must be over 18) :

you have to be 18 with Hodlessbrennan.com

stick atround a few months and you may learn a lot.....

Learning a few things about certain brokers would be a good start:

http://www.fsa.gov.uk/pages/Library/Commun.../2006/079.shtml

what brokers do you recommend then?

as the article was from 2003....

I'd personally avoid ones that make large sums of money from dealing in small cap stocks purchased at a discount to the prevailing market price.

Ok i dont know anything about shares.


I want to put money in somwhere to see what happens....I want to invest in www.pokerstars.com...How do i buy shares in them? Next move?

Once you have bought shares in them...Can you watch to see how your shares are doing ? where ?


Cheers

I don't think Pokerstars is a listed company.

When buying shares in a company, Is it recomended to buy in a huge company thats garanteed a profit or a new company that could grow hugely, ?

Can somone suggest a company to invest in please.


I just want to get my money in soon.

Scott, have a look at http://www.sharesforum.co.uk/index.php?showtopic=2022

ok, Is there a website that has brokers i can use?

you might as well just go to a casino and stick the whole lot on red as you don't seem to have paid any attention to any of the previous posts

Can i borrow £1,000 from somone. ty, Its for my poker challnge, I will give you £2,000 back, You're welcome!


MSN me or Email me.