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Z_K

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I don't have any real disposable cash right now, but expect to in about 6 months. I have read up on the process of playing in the market a bit in the past week, but am interested on having a few dry runs and getting my head around it by the time I have the capacity to actually participate.

I have started a watchlist on the ASX website. Is that the best way to pick a few listed companies and keep on eye on them? Is it even worth it with only a few grand?

I can read and read, but some input from those who have been in the same position and been pointed in the right direction would be great.
 
Couple to watch are EMR, ZFX and citibank (C) in america! IF you want to make money today (7/1/08) try day trading with GDA (GONDWANA RESOURCES LIMITED).
 

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richcogs said:
Couple to watch are EMR, ZFX and citibank (C) in america! IF you want to make money today (7/1/08) try day trading with GDA (GONDWANA RESOURCES LIMITED).
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i heard citibank is in a bit of trouble due to subprime losses
 
My advice, buy boring old dividend payers, ask a broker, and he will suggest some stocks to buy, otherwise just take an educated guess, its not rocket science.
 
bunsen burner said:
ASX is (allegedly) in for a slow year. You should follow the Chinese SX (can't remember what it's called).
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I thought about that, but my interest at this stage relies on my ability to perhaps play it less like a stab in the dark and more like something I might be able to research.

I can;t get my head around our SX website, so the same bastard x900 in mandarin would ****ing end me.

I put together a watchlist last night and did well. I could right hooked into this shit. If I don't post on this website in a few months, it's because I've lost the house and the new laptop.
 
NorthBhoy said:
I can;t get my head around our SX website, so the same bastard x900 in mandarin would ****ing end me.
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The ASX website is really poor. It's even worse than the AFL website. Very hard to navigate and find what you need. Some shit you just can't find and some stuff takes too links to get to.

Very hard to pick a winner. Fortescue was $8 one year ago and now is about 10x that (I haven't checked exactly what it is) whilst other stocks have moved along at 10%. That's nothing to be sneezed at but I think it will be an average year. On one hand the US is f***ed but on the other the Chinese is booming. Both have a reasonable influence on our market.
 
I don't know anything about the what people regard to be the basic principles of good stock selection, but I would be very hesitant to invest in resources because I know 2 tenths of **** all about the industry.

I know Telco's, government tenders and SME's. I think agriculture is a good bet, and anything that has money tied up in the US is useless. But it all interests me because I could spend years on it and still not scratch the surface of knowledge.
 
NorthBhoy said:
I don't know anything about the what people regard to be the basic principles of good stock selection, but I would be very hesitant to invest in resources because I know 2 tenths of **** all about the industry.

I know Telco's, government tenders and SME's. I think agriculture is a good bet, and anything that has money tied up in the US is useless. But it all interests me because I could spend years on it and still not scratch the surface of knowledge.
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Apart from leveraging power, this is why I prefer property - so much more simpler and you can really grasp the whole thing.

You should go and google strategies for researching companies. A friend of a friend swears by it. He just reads up on the companies and their AGMs etc. Says he knows what to look for. I never asked what that is but had the impression he learnt from some sort of literature what to look out for in a company and where and how to look.
 
I'm in property now, but I am not looking to invest alot in the next 12 months, so the SX makes a bit of sense.

I bet company knowledge is crucial, but I have come across and advised heaps of well run companies pushed hard in the right directions that haven't kicked on completely due to factors out of their control. If the government says they will invest immense dollars into the tech industry to increase the abilities of Aussie kids to compete later in life, I'm looking at groups that participate in this. Same with agriculture. Same in the green industry.

Or I could be talking utter shit. Who the **** knows.
 

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NorthBhoy said:
I'm in property now, but I am not looking to invest alot in the next 12 months, so the SX makes a bit of sense.

I bet company knowledge is crucial, but I have come across and advised heaps of well run companies pushed hard in the right directions that haven't kicked on completely due to factors out of their control. If the government says they will invest immense dollars into the tech industry to increase the abilities of Aussie kids to compete later in life, I'm looking at groups that participate in this. Same with agriculture. Same in the green industry.

Or I could be talking utter shit. Who the **** knows.
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NB.

I'm going to as blunt and honest as i can be.

You are not going to learn JS here.
Some of the advice in this thread would send you broke.

If you want to get involved, get on the net and do your own research.

It might take time it might not be easy but if you can't do that then you have little chance of being able to research a company fully yourself.

If that sort of approach is not for you, then maybe choose a managed fund and let a manager do it for you.

I can not believe someone would tip you citibank........
 
I would head to your local bookshop and spend an afternoon reading, there are hundreds of books out on the topic.

It shouldn't take you too long to figure out what kind of investor or trader you are, read up more about that, then come up with a basic investing strategy/plan and stick to it.
 
If you don't have much cash to invest in the market then foreign exchange trading is the way to go. I gave my FX broker $1000 to trade with 6 weeks ago and he has already made 50% on my money. I don't do a thing, he watches the market and makes the trades for me.
 
Pornstar said:
If you don't have much cash to invest in the market then foreign exchange trading is the way to go. I gave my FX broker $1000 to trade with 6 weeks ago and he has already made 50% on my money. I don't do a thing, he watches the market and makes the trades for me.
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I came across one of these blokes through work a few months ago, and he was captain dodgy. He wanted 15k to start my portfolio.

PM me his details?
 
Nah, this guy is one of the few blokes in the industry that you can actually trust. If he keeps making this sort of money for me i will be kicking in a fair bit more down the track.

Check your pm's.
 
Yeah I'd be going with managed funds. Do some research and you can find funds with pretty reasonable fees (check out raboplus.com.au - low fees and $250 minimum investment).

You can also cater the funds you get to what your situation is. If you want something relatively safe then you go with the lower risk funds. You can also choose funds that invest in different areas. Bunsen's comment about the ASX is bang on, so look to funds that invest heavily in International equity. You can also get funds that are property investments.

morningstar.com.au is another good place to check out. It rates different funds, tracks fund's performances and has a heap of info available. Well worth the visit.
 

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richcogs said:
Couple to watch are EMR, ZFX and citibank (C) in america! IF you want to make money today (7/1/08) try day trading with GDA (GONDWANA RESOURCES LIMITED).
Click to expand...
This post needs some serious ignoring.

Taking the piss obviously.
 

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