Hi
First post here so it could be nonsense !
I have been looking at using a spreadbetting account instead of a regular online execution only account (as I don't think buy and hol and dividend reinvestment is the way to go with the markets as volatile as they are).
A general strategy would be to use wide stops to avoid being closed out and let a trade on hhandful of instruments run for 6-9 months.
I have read that the carry costs and transaction costs of future style bets are comparable to purchasing stock.
I wondered if any one here works in this way or am I missing some massive downside to using a spread betting account in this manner?
Dale
First post here so it could be nonsense !
I have been looking at using a spreadbetting account instead of a regular online execution only account (as I don't think buy and hol and dividend reinvestment is the way to go with the markets as volatile as they are).
A general strategy would be to use wide stops to avoid being closed out and let a trade on hhandful of instruments run for 6-9 months.
I have read that the carry costs and transaction costs of future style bets are comparable to purchasing stock.
I wondered if any one here works in this way or am I missing some massive downside to using a spread betting account in this manner?
Dale