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- #76
I have a Labrador named Sparky and he puts his paw on the mouse. He moves it around and barks once for buy, twice for sell.
How big is your portfolio?
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I have a Labrador named Sparky and he puts his paw on the mouse. He moves it around and barks once for buy, twice for sell.
You need to teach him an option for Hold. It'll save you money on fees and taxes.
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- #78
All you are doing is punting. Go back to the track, better odds.
I'm not going near the stock market until the next recession which is due bottoms out. Probably 12 months into President Clinton. Then when I get rich I'll climb under her desk to thank her for it.
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- #81
All you are doing is punting. Go back to the track, better odds.
Everything is punting. Every time you buy a stock you're punting on it going up. If you think otherwise you're delusional.
Not all strategies require a stock to go up -- of course, as your holdings get larger, particularly when you want to sell, it's certainly advantageous for the price to have risen.
Yeah but I suppose it's a less risky punt... I mean gambling is a 100% punt, if you lose your stake is wiped but the payout is much higher. Stocks are in the middle, mediocre risk, mediocre return. Your stock is not likely to crash to nothing but not likely to skyrocket either. Then you have guaranteed savings account, no risk, little return. It's all about leveraging risk vs reward I guess. Even holding cash is a risk.
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- #84
You're not thinking widely enough. This is just a bank management issue, not a punting issue. When the return is potentially 0 and you have a binary result like in a horse race, you invest less of your bank on it. It's just maths. It's all punting, trust me.
RustyHawk
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Well, 12 months ago decided to dip my foot into the share market and buy some stocks.
Have been thinking and developing a certain type of strategy that best fits my needs and I can say after 12 months it has worked. I only wish now I had invested more, but this was a trial, to suck it and see.
Been studying the market for a while using INVESTsmart web site but nevery buying. One thing became clear. Watching and waiting for the "penny" stocks to suddenly jump up and go from 1c per share to $10:00 a share overnight...well never sort of happened and in fact, most that I watched and checked on including tips from this web site you find those stocks are still around the same price. So I eliminated wasting my time following these stocks & would not be purchasing.
Next I looked at Blue Chip stocks. Some are more blue than others. The banks for instance. Have been following for years and the price always seems to be around the same per share. My wife has has Westpac now for 30 + years, bought at $3.50 per share and today they are worth around $30 a share along with ANZ. NAB and Commonwealth a bit higher but none of the banks really give you a great return.. imho. Good dividends yes but not what I was seeking.
So, November 2015 bought 4 stocks BHP, BXB, CSR & WES for about $2,000 each and no brokerage through a Westpac Cash Management account. Later added CSL and WPL to the portfolio and those 2 remain.
This late November sold the 4 original stocks. 365+ days meaning I take advantage of the capital gains tax. Shame in many ways to sell but sitting on shares till their worth as much as say Gunns Limited is not the idea. Wanted capital growth.
Sale price included 4 loads of $19.90 each brokerage charge for the sale.
Made 18.05% over the 12 months from buy to sell including costs but not tax. With dividends received that percentage grows to 21.34%. So I'm happy.
Was an interesting roller ride on the market. Thought how great getting BHP for around $20 a share to have it collapse to about $16 a share several days later but overall its come very good.
Things learned include
1) Nominate the price you want to purchase the stock at. Clearly remember WPL @ around $27.20 per share but I foolishly through electronic means told Westpac to buy at market price, and I quite rightly I thought, that was market price...ended up getting the shares for $27.42 a share which wasnt that great but is ok now.
Applying that lesson in sale of shares
2) Defined what price I wanted for my shares when selling and got it all except one small portion was a little under.. not going to complain.
3) sold after 366 days when market was good.
4) dont keep hoping and holding off, the day I sold was good, the next day better but the day after would have seen less. Happy to take what I got.
Will be looking to jump back into the market soon but this time increasing the amount purchased.
Have been thinking and developing a certain type of strategy that best fits my needs and I can say after 12 months it has worked. I only wish now I had invested more, but this was a trial, to suck it and see.
Been studying the market for a while using INVESTsmart web site but nevery buying. One thing became clear. Watching and waiting for the "penny" stocks to suddenly jump up and go from 1c per share to $10:00 a share overnight...well never sort of happened and in fact, most that I watched and checked on including tips from this web site you find those stocks are still around the same price. So I eliminated wasting my time following these stocks & would not be purchasing.
Next I looked at Blue Chip stocks. Some are more blue than others. The banks for instance. Have been following for years and the price always seems to be around the same per share. My wife has has Westpac now for 30 + years, bought at $3.50 per share and today they are worth around $30 a share along with ANZ. NAB and Commonwealth a bit higher but none of the banks really give you a great return.. imho. Good dividends yes but not what I was seeking.
So, November 2015 bought 4 stocks BHP, BXB, CSR & WES for about $2,000 each and no brokerage through a Westpac Cash Management account. Later added CSL and WPL to the portfolio and those 2 remain.
This late November sold the 4 original stocks. 365+ days meaning I take advantage of the capital gains tax. Shame in many ways to sell but sitting on shares till their worth as much as say Gunns Limited is not the idea. Wanted capital growth.
Sale price included 4 loads of $19.90 each brokerage charge for the sale.
Made 18.05% over the 12 months from buy to sell including costs but not tax. With dividends received that percentage grows to 21.34%. So I'm happy.
Was an interesting roller ride on the market. Thought how great getting BHP for around $20 a share to have it collapse to about $16 a share several days later
but overall its come very good. Things learned include
1) Nominate the price you want to purchase the stock at. Clearly remember WPL @ around $27.20 per share but I foolishly through electronic means told Westpac to buy at market price, and I quite rightly I thought, that was market price...ended up getting the shares for $27.42 a share which wasnt that great but is ok now.
Applying that lesson in sale of shares
2) Defined what price I wanted for my shares when selling and got it all except one small portion was a little under.. not going to complain.
3) sold after 366 days when market was good.
4) dont keep hoping and holding off, the day I sold was good, the next day better but the day after would have seen less. Happy to take what I got.
Will be looking to jump back into the market soon but this time increasing the amount purchased.
You have to be willing to lose money to learn - if you can't handle that fact then investing is not for you. Fail, Try, Fail, Try, Fail, Try etc - eventually if you are somewhat intelligent you will find your niche and avoid blowing your account - the results will tell you whether or not you should continue or move onto other things.
One other thing I will add is to decide what your risk profile is. Usually your personality type and age/job situation will determine this. The key is to do what feels right - if you cannot control your emotions well chances are you will make a terrible day trader. If you do want to try your hand at day trading its better to start as young as possible and learn as much as you can because your commitments and responsibilities are a lot less than when you get older and have financial/family commitments that depend on you.
Once you have decided and accepted the risks you should specialise in one area if day trading is your thing. It is extremely rare for someone to be a great FX,commodities,stock trader,bonds all at once. It's like expecting an NFL player to be just as good at Basketball. Each area has its own personality, risk and price behaviour. Pick something that interests you because it will make the whole process of learning and failing a lot easier and in a lot of cases fun. The key point is you have the option to go both long/short which means there is no reason you cannot profit when prices are rising and falling. Finally be aware and do your best to remove any bias - when a position goes against you sometimes its better to accept you got it wrong and cut your losses rather than be stubborn because the market will kill you. There is nothing wrong with reversing a position if the situation has changed or the market is not sending the signals you expected.
One other thing I will add is to decide what your risk profile is. Usually your personality type and age/job situation will determine this. The key is to do what feels right - if you cannot control your emotions well chances are you will make a terrible day trader. If you do want to try your hand at day trading its better to start as young as possible and learn as much as you can because your commitments and responsibilities are a lot less than when you get older and have financial/family commitments that depend on you.
Once you have decided and accepted the risks you should specialise in one area if day trading is your thing. It is extremely rare for someone to be a great FX,commodities,stock trader,bonds all at once. It's like expecting an NFL player to be just as good at Basketball. Each area has its own personality, risk and price behaviour. Pick something that interests you because it will make the whole process of learning and failing a lot easier and in a lot of cases fun. The key point is you have the option to go both long/short which means there is no reason you cannot profit when prices are rising and falling. Finally be aware and do your best to remove any bias - when a position goes against you sometimes its better to accept you got it wrong and cut your losses rather than be stubborn because the market will kill you. There is nothing wrong with reversing a position if the situation has changed or the market is not sending the signals you expected.
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Power Raid
We Exist To Win Premierships
but it doesn't mean you shouldn't sleep with nine
I'd be buying silver. The price has been manipulated for a while now by the big guys. The game will be up soon enough. It's grossly undervalued. Storage is a pain in the arse though.
Power Raid
We Exist To Win Premierships
my issue with silver is culturally it has little relevance anywhere, its use limited post the film industry and is a by product rather than a lead product.
plenty of other metals to gain exposure from and better ways to play the metals game with more leverage
I've put it off for 6 months but you are right, I've been watching the spot price daily, something is seriously funny about the way it moves or doesn't move.... they are keeping it down for some reason. But it's intrinsic value would shine through should the inevitable recession or even depression sets in which is bound to happen... gold and silver is safe as houses.
Is it bad that I enjoy watching gold crash just because of all the doomsdayers that keep going on about the world ending and fiat currencies?
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- #94
A car is a currency now?
Power Raid
We Exist To Win Premierships
apparently worth slightly less than a bag of bananas
About 16 stocks all for the long term. Mostly divedend paying stocks.
Not interested in short term trading and unlikely to sell any stocks unless the company really starts to sink. 20 year plan.
Large portion in banking the rest in pharmasuticals, IT, Mining and large retail companies. Just keep adding to it every year.
Not interested in short term trading and unlikely to sell any stocks unless the company really starts to sink. 20 year plan.
Large portion in banking the rest in pharmasuticals, IT, Mining and large retail companies. Just keep adding to it every year.
lol, Durex it's better if you make the BS at least semi believable.
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