With £500 I’d choose this as the best share to buy in October

Date:

Image source: Getty Images

There’s no right or wrong answer to the question which is the best share to buy at any given point. It depends on what’s happening in the market, but crucially, it also depends on the investor.

For example, I think October would be a pretty good time to buy FTSE 100 insurer Aviva, but one thing is stopping me. I already have a big stake in rival Legal & General Group so I’d risk being over-exposed to the fortunes of just one sector.

Loads of other factors come to play, including how experienced I am, and how much money I have to invest.

My debut stock pick

For example, if I was buying my first ever individual stock, I wouldn’t start with luxury car maker Aston Martin Holdings. Its shares are volatile and I only bought them myself after first building a balanced portfolio of 24 more sensible stocks.

If I was starting from scratch, and only had £500, I’d want something whose shares were unlikely to go…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...