Are traditional stock bokers on the way out ?

arrowloopboy

I'm young ish:D,and have 0 intrest in owning shares,i trade/invest almost every day,via spread betting.
Most people i know under 40 that trade ,also use spread betting.
Is tradeing going to go the same way as gambeling ?
I see some of the traditional companys makeing a half assed attempt at online tradeing ,but their not in it with the likes of IG /CMC/City Index etc.
If you have under 50k ,where's the advantage in useing a traditional stockbroker ?

strmin

You think spread betting companies are here to stay and stockbrokers on the way out? That is just insane. Most people invest, not gamble.

arrowloopboy

strmin wrote: »

You think spread betting companies are here to stay and stockbrokers on the way out? That is just insane. Most people invest, not gamble.

That interweb yoke will never take off either:D.

Seriously,why do you associate spread betting with gambeling ?( 90% of my positions are between 6mts and 1yr)

And if you don't mind me asking,what age are you ?

venividi

i trade/invest almost every day,via spread betting.

Is tradeing going to go the same way as gambeling ?

In fairness you brought up the analogy to gambling and trading almost every day would appear to support it. Each to their own strategy I guess. How long are you trading/investing and what is your profit/loss%.

arrowloopboy

venividi wrote: »

i trade/invest almost every day,via spread betting.

Is tradeing going to go the same way as gambeling ?

In fairness you brought up the analogy to gambling and trading almost every day would appear to support it. Each to their own strategy I guess. How long are you trading/investing and what is your profit/loss%.

The analogy is in relation to the explosion of 'online' versus bookies shops.
Mr Power got in on it early and his share price would reflect that.
I'm trading about 10 years and i've done 19.54% after costs in Q1,(all indices/ftse 250 stocks),i don't trade FX.

neil.p.b

arrowloopboy wrote: »

I'm young ish:D,and have 0 intrest in owning shares,i trade/invest almost every day,via spread betting.
Most people i know under 40 that trade ,also use spread betting.
Is tradeing going to go the same way as gambeling ?
I see some of the traditional companys makeing a half assed attempt at online tradeing ,but their not in it with the likes of IG /CMC/City Index etc.
If you have under 50k ,where's the advantage in useing a traditional stockbroker ?

I would not say they are on the way out in terms of people turning to spread betting but in the sense that everything will be done online and any brokers who do not have an up to scratch online system will be gone. I trade and use both my spread betting account and my stock broker account, depends on what i am trading and the type of trade.

delux

Depends what you mean, cause if you take the extreme situation where everyone stops buying shares and uses spreadbetting instead then there would be no reason for companies to issues shares and therefore no stock market!
(unless for every SB transaction the SB company buys the shares behind the scenes)