Hi all. I'm a newbie here and was just after a bit of advice. I have been saving for about 3 months now and have $12,000 saved. I really want to get into property investing. But in the mean time am thinking of buying some shares (to hold for approx 12 months).
Not game enough to take a big risk and put all my $12k into shares, but would buy $5k worth.
People around me say shares are a big gamble. Can i ask when it comes to losing money off shares, is that more so the people who buy shares and then sell them soon after because they panic when they see the value drop?
If you hold onto shares for a great period of time (5 years or more) are you pretty much guarenteed a profit instead of loss or is it still a gamble?
Is it best if you buy shares in a company and you see them losing value to still hold onto them and hope/wait for them to go back up in value? Does this mostly happens? Havent yet done alot of research but so far thinking of investing in the banks or biotech companies.
Very keen for some replies, Cheers! *Sarah