Beginners - Introduce yourselves!

Grason said:

Howdy Gang

Found this forum while trying to get info for croesus mining. I purchased these shares when a friend advised me to get on board a long time ago. As you are all aware I am very new to this and to start off with croesus mining, not a brilliant start.

If anyone could point me to more info on Croesus I would greatly appreciate it.

Look forward to learning about shares as opposed to taking a blind punt from the advice of a mate.


Cheers

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Hi Grason, I had a few Croesus shares that went down the gurgler, but then recently a mysterious letter turned up in the mail that told me I was holding some. Some what?? Confused as hell. When I can find the letter again in my pile of mess I suppose I will call them...What a disaster! Almost as bad as BDG. eeeeek!! All the best, hope ASF helps you sort the wheat from the Croesus! kennas

Hi
I'm Michael from Canberra. Very late to this and consciously incompetent at this stage. Presently undergoing the most irritating of education regarding timing on a CFD account. In for too little time, in for too long ...whatever... almost always out at a loss recently. Great money mangement (van Tharp) so only drowning slowly. I've been a high school teacher and principal all over the place for the last thirty five years. Lots of academic alphabet after my name but evidently/obviously no correlation at all between writing essays and discernment on the market! Nevertheless, very absorbed and (mostly) enjoying the learning. This is a great site and I'm very appreciative of the sharing of knowledge and insight.

Michael9 said:

Very late to this and consciously incompetent at this stage. Great money mangement (van Tharp) so only drowning slowly.

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Welcome. Some refreshing honesty and a realistic start.

Michael9 said:

I've been a high school teacher and principal all over the place for the last thirty five years. Lots of academic alphabet after my name but evidently/obviously no correlation at all between writing essays and discernment on the market!

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Would it be any different in reverse? That is if I was a gun trader would I be able to write a PhD on education or run a school in a couple of weeks or months? Same logic and you would probably agree that idea is ludicrous. Correct?

It’s the practise and training that puts the alphabet after your name not any innate talent. Same with trading it’s not intelligence or talent it is practise that makes you. It always amuses me that people think that such logic would work one way, competent professional to share trade, over night but not the other way, competent share trade to professional .....whatever.

Oh! By the way I'm not having a go at you. I'm welcoming you honesty and just banging on about my favourite subject, deliberative practise. As an Educator would be interested in you opinion.

PolarBear said:

Hi guys,
I'm new Too... great site - thanks for all the info... I sorta already introduced myself in my first post (https://www.aussiestockforums.com/forums/showthread.php?t=10405&page=9), so i won't worry about it here.

Just wanted to repond to Mike Of Hobart



YES!! Check out my post here:
https://www.aussiestockforums.com/forums/showthread.php?t=10972
Where i've summarised some of the things I like about it and what I use it for.

cheers
Daniel

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Thanks for the reply Polar Bear! I was already reading that thread. So much good reading on this board. Learnt alot already

Hi Trembling Hand,
Couldn't agree more with you and there is only a slight sense in which I get you "having a go". I was aiming at humility in the face of better knowledge and expertise.
I have to disagree about innate ability versus practice and training though. I know that in teaching I believe I can tell very quickly if a person has the generally robust and resilient personality required to succeed in the classroom. That core quality has to be there before deliberative practise can lead to optimum development. If you'll forgive a sweeping statement, I think it's possible that people who are successful in one field are more likely to succeed in other fields because such traits as persistence, passion, intelligence (however we discern it), honesty and openess are common to most successful people. Only an idiot would expect that translation to occur instantaneously (except when we appoint new ministers in Canberra). On that we are in complete agreement.
I know I carry the twin burdens of being bright and living in Canberra but I'm just a working class boy raised by migrant parents in housing commision flats. A part of me looks at my mates in the trades and thinks I'd certainly better off now if I'd taken up plumbing instead of pedagogy but I'd have had nowhere near the satisfaction that teaching has brought me. Hope we can keep up the dialogue. I've got a whole speech about metacognition on the tip of my tongue. I'm assuming that deliberative practise is doing what we say we intend to do?
Cheers Michael

I have to disagree about innate ability versus practice and training though. I know that in teaching I believe I can tell very quickly if a person has the generally robust and resilient personality required to succeed in the classroom. That core quality has to be there before deliberative practise can lead to optimum development. If you'll forgive a sweeping statement, I think it's possible that people who are successful in one field are more likely to succeed in other fields because such traits as persistence, passion, intelligence (however we discern it), honesty and openess are common to most successful people. Only an idiot would expect that translation to occur instantaneously (except when we appoint new ministers in Canberra). On that we are in complete agreement.
I know I carry the twin burdens of being bright and living in Canberra but I'm just a working class boy raised by migrant parents in housing commision flats. A part of me looks at my mates in the trades and thinks I'd certainly better off now if I'd taken up plumbing instead of pedagogy but I'd have had nowhere near the satisfaction that teaching has brought me. Hope we can keep up the dialogue. I've got a whole speech about metacognition on the tip of my tongue. I'm assuming that deliberative practise is doing what we say we intend to do?
Cheers Michael[/QUOTE]

Hello every one, i too wish i had an education being brought up in london living in a council estate in south london bunking off school being sent to borstall at 12 and finally coming to australia at 25 to meet my farther who was then working in the mines in cooper peddy before that in south africa ( wont go there, robert parker,rough justice peguine books 1981.) working as a labourer and living in spain for a while i worked around australia tuna boats,prawn trawlers and even a bit of boxing in vic for 2 yrs fianally coming to gold coast, i still miss london and the characters and barb who had more boyfriends then i had dents in my old cortina, and the washing hanging off the balcony, hiding in the lounge as the loan man knocks on the door and shouts threw the letter box "i know your in there" and mum shushing us to keep still. now in aus, wow sand sun and beach teriffick. how lucky am i tiling for the next ten yrs and doing all kinds of diffrent things to digging ditches on fraser Island. Now the back had it so what do i do?lets have a go at shares, SHARES!!! your having a laugh rob. i know thats what i thought, only new at it but reading as much as i can and finding it so interesting when i can understand most of it. heres hoping and pleased to meet you all robert.

Let the dog see the rabbit.

Michael have started a discusion about this in a new thread.

https://www.aussiestockforums.com/forums/showthread.php?p=296541#post296541

Tradies,

I stumbled on this forum the other night while I was researching methods of withdrawing my superannuation (I'm only 20) and despite never having traded in my life I thought I could learn about trading - I've always aspired to trade shares!

Hi everyone,

Im new to all this and it really fascinates me! I am currently 20 y.o with a few thousand saved up which I want to throw into a few stocks...am currently thinking about banking stocks for the long-term.

I have read alot on this forum and this is a great place to learn info and thx to all that is contributing. Hopefully from what i will learn here i will be able to help others aswell

keep up the good work

Hi Everyone!

Just starting out like many, perhaps this is a question asked in this forum over and over but would like some recommendations.

I want to make an income from trading and also want capital growth, I have $5000 to start and this is what I want:

-Income from medium term trading (open to try short selling).
-Capital growth from long term trading.
-Distant future: property, assets, small liabilities.

Can anyone give me an idea on how to build a portfolio with these goals?

Thanks chaps.

Novato said:

I want to make an income from trading and also want capital growth, I have $5000 to start and this is what I want:

-Income from medium term trading (open to try short selling).
-Capital growth from long term trading.
-Distant future: property, assets, small liabilities.

Can anyone give me an idea on how to build a portfolio with these goals?

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Novato,
with $5 g you will be really up against it trading. Just the brokerage from 1 round trip is going to be 1% of your account. You would be better off slowly building up a bigger base before you attempt to trade, something around 10 to 20 times would be more realistic for trading.

Or save $10k get a margin loan of $20k and trade with a total of $30k.
Or with your $5k you could get started on CFD's if you know what your doing, possibly sign up to some CFD advisors? or just place it all on the most speculative and volatile stock you can find, hold your breath, close your eyes and hope for the best. Either you start trading with a reaonable amount or you go broke straight off and dont have to go through any stress or wasted time.

Another option is to keep a look out for the commbank or macbank 100% investment loans they release with structured products, $0 capital upfront, small signup fee (approx 2%) and get greater exposure over the durration, most are 5 years. min about $20k. pay interest only.

Commbank and Macbank also have Protected Portfolio Loans, they allow you to choose your own stocks with a guranteed price protection at maturity. min $50k, variable length relative to interest rate. pay interest only.

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They are the things ive looked into after starting out in Nov 07. have lost about 50-60% of my starting capital since the market dive (damn Allco). Although have learnt some valuable lessons. Diversification amongst not only shares but products aswell (trusts, funds, cfd's, options) I think adds an extra level of risk-reduction. My philosphy is that the average person spends approx 35% of their income on a mortgage, so why dont I spend 35% of my income servicing interest only loans? how often do house prices increase by 15% each year for 5 years? im only learning and in no-way anticipate any returns over 20%/year, but 15% I think I can acheive comfortably and consistently and that seems better than property. I also totaly agree these forums are very usefull to get some knowledge share from the more experienced amongst us.

mshepherd said:

Or save $10k get a margin loan of $20k and trade with a total of $30k.
Or with your $5k you could get started on CFD's if you know what your doing, possibly sign up to some CFD advisors? or just place it all on the most speculative and volatile stock you can find, hold your breath, close your eyes and hope for the best. Either you start trading with a reaonable amount or you go broke straight off and dont have to go through any stress or wasted time researching companies you have never heard of.

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SILLY

hi all,
I'm a 21 year old who has been active in stocks since i was 16. Was lucky about 8 months ago and made a 100% return (beginners luck ) and have invested long term due to current market volatility and their dominance in the market. I cannot stand the idea of futures and any form of deriviatives due to the massive amounts of risk involved. Thats just my outlook, seen two many people get caught out and if the pro's dont like it then I certainly dont like the idea. Basically I but want to learn about market trends and fundamentals to focus on solid medium-long term investment and overseas investing due to our high aussie dollar etc.

Thats all from me,
ciao

Hi everyone.

Long time reader - first time poster...
I've been trading local and US stocks for about 5 years - started at the beginning of the last bull run and thought it was easy and got quite cocky until I lost 80% of my capital in US banking stocks with the credit crunch.

Took some time off to reflect and build a better plan (got lots of help from posts in this forum) and now I'm about to enter the world of Forex - so I can keep a close eye on open positions.

I'm looking forward to being a cautionary tale for the youngsters.

Hi
My name is John, I work as a mechanical engineer at the moment but I'm planning to make the jump to pro trader one day. Have traded only stocks from the long side so far, got bit early on by trading speculators instead of more forgiving, high liquidity stocks. However, I kept to a 2% risk rule throughout, so I kept my losses small and see that as a victory in some way.
I've read several good books on trading, however I have to say Trading for a Living by Alexander Elder has been by far the best so far. His advice on the pyschology of trading and money management is great! I love it how he uses the analogy of Alcoholics to describe losing traders. He actually recommendeds all traders go to an AA meeting and substitue "loser" everytime they hear "alcoholic".

Anyway, loving the forum so far, great advice and discussions!

Welcome to all new ASF members!

I hope you enjoy the forums!

Hi All!

My name is Jordan. I have only just started to look at trading as an investment. My fiancee (soon to be wife in 2 weeks) and I both work and have a bit of extra cash that essentially we don't know what to do with, so we'll hit the market.

I was looking at a mob called "Safety In The Market" to get some education. If any of you have heard of these guys, or have gone to any of their courses, i'd love to get some input before I spend the $5 - 6k on the course.

I am currently playing the Commsec Share Trading Game. You'll find me on page 200 something in the Ranking section as I am still learning and picked some (now) obviously stupid stocks..

I hope to learn a few tips and tricks by some of the sharemarket moguls on this forum and just generally get to know people.

Cheers,
Jordan.

jordandalley said:

I was looking at a mob called "Safety In The Market" to get some education. If any of you have heard of these guys, or have gone to any of their courses, i'd love to get some input before I spend the $5 - 6k on the course.

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There's a lot of content at ASF on all manner of things. Up the top of your screen is a search function that is great at digging out whatever you might be after.

Here are some threads you might like to read:
https://www.aussiestockforums.com/forums/showthread.php?t=7220&highlight=sitm
https://www.aussiestockforums.com/forums/showthread.php?t=2996&highlight=sitm
https://www.aussiestockforums.com/forums/showthread.php?t=5913&highlight=sitm
https://www.aussiestockforums.com/forums/showthread.php?t=8087&highlight=sitm

thanks doctorj