My advice - google Jim Cramer. He's the host of 'Mad Money' in the US, and this guy knows his shit. Try and find some up to date advice of his online, or find a way to stream his show (on CNBC)
Previous post was 'don't'. But since your going long term, you may be fine. But it's a damn risky thing to be doing, considering volatility, even now after the main recession is done. Plus the possibility of double-dip and our debt being quite lol might mean that value could be wiped.
It may be worth staying with 'blue chips' as a start-up area for investment. For those not well versed in stock market lingo, a blue chip stock is the stock of a well-established company having stable earnings and no extensive liabilities. Blue chip stocks pay regular dividends, even when business is faring worse than usual. Examples are Microsoft, Coca-Cola, Disney, GSK etc.
Oh, and BP may be worth looking at soon as a very long term investment. Once this slick has been cleared, I reckon it's likely to go back up, as do all oil companies. With the slick, it's plummeting, but given a couple years, it'll recover most, if not all of it's previous value.
(I have no BP stock or ties to the company, and I cannot be held responsible if the stock does not do as predicted)
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