I would like to invest in stock market for the first time, which are the best Websites? any UK based ones?
Is it the right time to buy shares right now or should i wait?
which airlines and Cruise ships are the best to invest in? I've heard American Airlines has gone up by 40% in the last few days.
You kind'a missed the biggest dip and recovery of the past decade since March, but investing in stocks for the first time is a positive event that one should spend some time on and learn a few things about.
Investing in stocks is a long-term prospect. If you anticipate needing your money in the next 5 years, don't invest in stocks. If you think losing your money will turn your life upside down, don't invest in stocks. If you can't stomach severe volatility and will lose sleep on days that your investment will be in the red, then avoid stocks altogether.
If you're still interested here are some one-liners I and most other investors have had to learn the hard way (by losing money):
1. Never invest in individual stocks no matter how tempting. Always invest in ETFs.
2. Never sell your stocks unless you absolutely have to. Try to invest with the intention of holding onto them forever.
3. Never ever bet against America (straight from Warren Buffet's mouth)
4. Always buy during downturns
5. Always add to your investment on a regular basis regardless of price
6. Never try to time the market. Neither to buy nor to sell.
One of the better ways to start investing in stocks is to buy an index ETF like the SPY or VOO which tracks the entire US S&P 500. As you gain more knowledge over the years (hopefully without losing too much money), you'll gain an appreciation for certain levels of valuation and decide when to add other items to your portfolio.
I have no knowledge of UK self-directed brokers, but most banks offer an investment vehicle within their online tools. There are hundreds of them worldwide. Choose whichever offers lower trading fees and has better reviews.
Good luck.