You’d have to be living in a cave to not have heard about the global credit crunch that’s going on right now. Here in the UK, the housing market, banking and investment sectors have been hit with a gigantic sledge hammer and shares have plunged on the stock market.

With that in mind, after seeing the markets crash I decided on a course of action to make my cash work a bit harder, so I took a measly £500 and bought a few random stocks.

Now, I know absolutely nothing about share dealing. Let me repeat, I know NOTHING about share dealing, but oddly enough I do have a share dealing account that I’d never used set up. So feeling brave I went for it.

Now most of the articles on share dealing I’ve read have stated that you should do your ‘due diligence’ on the companies you buy stocks in. Also, it said that in a ‘bear’ market it is very difficult to know when a stock has hit bottom, meaning you could get stung.

I can’t be bothered with this due diligence nonsense, mainly because I wouldn’t know a good stock one way or another, so initially I am going to cross my fingers, spin the wheel of fortune and just pick something.

Randomly I’ve gone for £150 each in:

Woolworths
Taylor Wimpy
Inchcape

Let the craziness begin!