So we’re well and truly in this crazy credit crunch. There’s no point in saving your money with a view to it making you any more the interest rates are just too damn low. So where do I go to make some money? Well I thought this whole crisis is down to our friends the bankers making poor judgements on investments of one sort or another and losing their shirt in the process along with all of our shirts too!

So if you cant beat them join them, so that’s what I’ve started to do. I’ve become a part time share dealer working from home with a view that if the bankers cant make the money for me then I have no option but to do it myself. First things first though I need some training don’t I? No forget that why on earth do I want to spend money on some course that promises me how to become a good share dealer when logic tells me I should be using that money to invest in shares.

Basically my strategy is to select a stock and hold on tight until it turns a profit at which point I sell. I’m after making a return as quick as the market will allow. I will not sell a stock to make a loss as I firmly believe my choices are good for the short/medium term. Short term I’m talking anything from a few days to three months. Medium term is three months up to 12 months. So as long as I make a return greater than the poor rate of return I can get by sticking my cash in some savings account I’ve beaten the banker, beaten the system.

So with no training I set myself up a dealer account with Lloyds Banking Group. Very easy to do and the workings of deals are handled for you. All I do is put my cash into my account, pick some shares and make a purchase. And from that point onwards I am officially a share dealer. So what now?

Well I suppose I ought to be thinking about watching the price so when it goes up enough to cover my dealing costs and still make me a reasonable return I can sell them and take a profit. The Lloyds Banking Group share dealing account gives you all sorts of options to get notified when shares move in one direction or another so I set a few notifications up and let it run.

What I’ve said so far has all been historical so you need to know where I’m at now and I suppose this blog will be the way I do that. So lets bring you up to date.

This is the list of shares that I have purchased and then sold at some later date. I show the price I paid and the price I sold at. so anyway here are the results so far…

Stock Buy Sell Buy price    Sell price
Tanfield Group 14/01/2009 12/02/2009 £0.0689 £0.1219
Leni Gas & Oil 09/01/2009 01/04/2009 £0.0235 £0.0386
Lloyds TSB 19/01/2009 14/04/2009 £0.7137 £0.8701
Alphameric 15/01/2009 27/04/2009 £0.1625 £0.2406
ASOS 12/02/2009 27/04/2009 £3.1430 £3.7528
Innovation Group 28/04/2009 05/05/2009 £0.0662 £0.0965
888 holdings 23/04/2009 06/05/2009 £0.9322 £1.0928
Babcock Int 14/04/2009 17/07/2009 £4.2149 £4.7195

So as you can see a pretty good result so far.

I’ll use my home page blogs to keep all things money updated for you so you know exactly where I’m at.

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