Shares

[Express Train]

IMO the best lessons come from getting in and having a crack.

I brought my first shares about 3 years ago (4 different stocks). I spent $500 on each stock, I didn't really know what I was doing and thought if I blow it then so be it. I picked up a few reasonable companies (Bank of Queensland & Seek) and a few spec stocks (CDA & LYC). The big stocks weren't appealing as I wasn't investing big sums of money so no point spending $500 and getting 6 CBA shares.

Since then I've traded out of all of the above (except BOQ which I've kept & have been using DRP). I made good returns on Seek & CDA, and lost a heap on LYC. But the loss on LYC taught me more than the $450 I dropped on it. Funnily enough I look back at that I think of it as a good investment due to the knowledge gained.

There's good money to be made on the market, personally I like to trade the spec stocks (very risky - need stop losses in place & don't get greedy trying to sell at the peak because they can fall just as quick as they rise) and buy and hold on proven performers (safe option).

 

[Weiterbot23]

IMO the best lessons come from getting in and having a crack.

I brought my first shares about 3 years ago (4 different stocks). I spent $500 on each stock, I didn't really know what I was doing and thought if I blow it then so be it. I picked up a few reasonable companies (Bank of Queensland & Seek) and a few spec stocks (CDA & LYC). The big stocks weren't appealing as I wasn't investing big sums of money so no point spending $500 and getting 6 CBA shares.

Since then I've traded out of all of the above (except BOQ which I've kept & have been using DRP). I made good returns on Seek & CDA, and lost a heap on LYC. But the loss on LYC taught me more than the $450 I dropped on it. Funnily enough I look back at that I think of it as a good investment due to the knowledge gained.

There's good money to be made on the market, personally I like to trade the spec stocks (very risky - need stop losses in place & don't get greedy trying to sell at the peak because they can fall just as quick as they rise) and buy and hold on proven performers (safe option).

$500? with $20 buy and sell fees is it even worth it?

 

[superfraser]

$500? with $20 buy and sell fees is it even worth it?

That was the first lesson learnt.

**prob actually had free trades on sign up. But I agree, not worth it if you're paying brokerage.

 

[Jimmy_the_Gent]

Speaking of brokerage, I'm thinking of switching to IG from Commsec. It's $8 per trade compared to $20.

Has anyone used them?

 

[Hellgood]

IMO the best lessons come from getting in and having a crack.

I brought my first shares about 3 years ago (4 different stocks). I spent $500 on each stock, I didn't really know what I was doing and thought if I blow it then so be it. I picked up a few reasonable companies (Bank of Queensland & Seek) and a few spec stocks (CDA & LYC). The big stocks weren't appealing as I wasn't investing big sums of money so no point spending $500 and getting 6 CBA shares.

Since then I've traded out of all of the above (except BOQ which I've kept & have been using DRP). I made good returns on Seek & CDA, and lost a heap on LYC. But the loss on LYC taught me more than the $450 I dropped on it. Funnily enough I look back at that I think of it as a good investment due to the knowledge gained.

There's good money to be made on the market, personally I like to trade the spec stocks (very risky - need stop losses in place & don't get greedy trying to sell at the peak because they can fall just as quick as they rise) and buy and hold on proven performers (safe option).

Funnily enough I also invested a similar amount in LYC as one of my first moves. Obviously subsequently learned the same lesson as you did and view it in a similar positive light.

 

[Express Train]

$500? with $20 buy and sell fees is it even worth it?

As a learning experience absolutely. I had limited knowledge of investing in the market, it was about dipping my toes in the water and if I 'drowned' then I could still sleep at night having not lost my life savings.

 

[dus]

Medical cannabis shares are going bonkers at the moment.

I'm holding AC8 (Auscann), MMJ (MMJ Phytotech) and MXC (MGC Pharmaceuticals).

Invest in industries you like and think will grow.

For me not investing in iron ore companies shares 12-18 months ago was a missed opportunity, despite working in the field.

 

[Power Raid]

So far all my investment has been in property but I would like to diversify but have FA idea about the stock market. Can people please give me ideas/advice about how to go about this. Cheers.

buy businesses you know and understand the basic fundamentals.

consider buying long term warrants rather than the head stock and invest for the long term.

and seriously consider long term warrants again.

 

[Royal Flush]

Medical cannabis shares are going bonkers at the moment.

I'm holding AC8 (Auscann), MMJ (MMJ Phytotech) and MXC (MGC Pharmaceuticals).

Invest in industries you like and think will grow.

For me not investing in iron ore companies shares 12-18 months ago was a missed opportunity, despite working in the field.

I did exactly the same. I'm up 175% on some of those you listed

Sent from my EVA-L09 using Tapatalk

 

[Power Raid]

Medical cannabis shares are going bonkers at the moment.

I'm holding AC8 (Auscann), MMJ (MMJ Phytotech) and MXC (MGC Pharmaceuticals).

Invest in industries you like and think will grow.

For me not investing in iron ore companies shares 12-18 months ago was a missed opportunity, despite working in the field.

I bought three farms and started this one from scratch



just pay attention to whether you are buying cash flow or hope

 

[dus]

They've come off a bit today.

My portfolio got as high as 220% up. Should of sold but to be honest, I probably got greedy. Now it's up about 150% still.

I think I'm going to keep holding, long term. That was the original plan.

It's a lot of hope, and future cash flow. It's a sea of capital raises out there at the moment to get them through.

 

[Royal Flush]

They've come off a bit today.

My portfolio got as high as 220% up. Should of sold but to be honest, I probably got greedy. Now it's up about 150% still.

I think I'm going to keep holding, long term. That was the original plan.

It's a lot of hope, and future cash flow. It's a sea of capital raises out there at the moment to get them through.

Long term some of them will be 2 to 10 sp. They copped a bit of a hiding today .

Sent from my EVA-L09 using Tapatalk

 

[dus]

Long term some of them will be 2 to 10 sp. They copped a bit of a hiding today .

Sent from my EVA-L09 using Tapatalk

Agreed.

Especially when compared to their Canadian counterparts and what has happened there. I think we will follow the medicinal path of Canada but probably not to a point of making cannabis legalised which they are trying to introduce.

It all bodes well for our shares anyway.

 

[Embleberry]

A cannabis ETF is opening up on the Toronto Stock Exchange, composed of 14 companies - 10 of which are based in Canada
http://finance.yahoo.com/news/emerald-health-included-upcoming-cannabis-130000456.html
http://www.cnbc.com/2017/04/05/a-ne...-etf-to-target-marijuana-stocks-launches.html