Money Magazine tips

[finrod]

Hi

Basically I have no clue when it comes to buying shares. So I was wondering, if I pick up say the latest issue of Money Magazine, and buy the stocks they are currently recommending, am I likely to make a profit down the track? Has anyone else tried a similar thing and had success? Or if I do this am I just following "the crowd" and likely to end up with my hands burnt?

 

[kolchak]

What are they tipping?

 

[finrod]

What are they tipping?

Well my question wasn't whether this month's tips are any good... I was really asking whether their tips are any good in general.


But here are this month's (Sept) tips for your info:

Australian Worldwide Exploration
Beach Petroleum
Platinum Asset Management
Computershare
Campbell Brothers
ANZ
Kingsgate Consolidated
Rio Rinto
TZ Limited

 

[Saints Premiers 2006]

for a beginner one cannot go wrong with researching a few blue chip stocks to begin with...basically the ones in the asx100

money magazine is only an opinion and one could argue its success rate (as most magazines and firms develop different opinions)

what i would do is sign up for a free internet account with commsex or etrade and have a look at what takes your fancy in terms of blue chip shares and follow them for a little while and see what happens.It might test your patience however the chances of medium to long to success is much higher

 

[finrod]

for a beginner one cannot go wrong with researching a few blue chip stocks to begin with...basically the ones in the asx100

money magazine is only an opinion and one could argue its success rate (as most magazines and firms develop different opinions)

what i would do is sign up for a free internet account with commsex or etrade and have a look at what takes your fancy in terms of blue chip shares and follow them for a little while and see what happens.It might test your patience however the chances of medium to long to success is much higher

Yes I have signed up for a Westpac online trading account (was gonna go with etrade but then found out my bank has a similar thing). I am prepared to be a bit more risky than just sticking to the blue-chip stocks. As far as I know, blue-chip stocks are generally better long-term investments, with less chance of going under, but the potential rewards may be somewhat less than going with small/medium-sized companies.

 

[Alistair]

Yes I have signed up for a Westpac online trading account (was gonna go with etrade but then found out my bank has a similar thing). I am prepared to be a bit more risky than just sticking to the blue-chip stocks. As far as I know, blue-chip stocks are generally better long-term investments, with less chance of going under, but the potential rewards may be somewhat less than going with small/medium-sized companies.

It depends on how much you are looking to invest and what sort of return you are after. If your portfolio is five figures and you're looking for a steady stream of cash, a blue chip is a good option because they are safer and the dividends pay well.

But if you're in a situation like me where you only have a couple of thou invested, so for something more speculative but not a complete random. Still look for something with a good dividend, but something that is likely to move more than your blue chip stock will.

 

[Merv]

Well my question wasn't whether this month's tips are any good... I was really asking whether their tips are any good in general.


But here are this month's (Sept) tips for your info:

Australian Worldwide Exploration
Beach Petroleum
Platinum Asset Management
Computershare
Campbell Brothers
ANZ
Kingsgate Consolidated
Rio Rinto
TZ Limited

Research your own stocks, while paying attention to suggestions from these type of publications.

Start up a few watchlists with different "tips" like those above
Then start your own one and follow them.
There are some shares in that list i wouldn't touch, but that's just my opinion, you need your own opinion, it's your money

Do you have knowledge of any particular industry?
If so, study that one, it's best to invest in things you understand

Do you want quick turn arounds or do you intend to sit on your shares for years?
Can you afford to lose ALL of your investments?
Part of them?
If the markets correct, can you sit on your losses for 6mths, 1 year, 2 etc etc etc
These are just some of the things you need to ask yourself.

If it was as easy as getting tips from a magazine, anyone could do it.

You said orginally, you have no clue.

Well don't invest your money until you do.....

 

[kolchak]

Yes I have signed up for a Westpac online trading account (was gonna go with etrade but then found out my bank has a similar thing). I am prepared to be a bit more risky than just sticking to the blue-chip stocks. As far as I know, blue-chip stocks are generally better long-term investments, with less chance of going under, but the potential rewards may be somewhat less than going with small/medium-sized companies.

Try some comparison charts, I assume Westpac should have some kind of charting functionality, pick a blue chip stock and a few more speculative ones....

For example pick say BHP, and then look at some cheaper miners, you'll find that sometimes the blue chips will perform just as well