ASX: what's looking good?

[bfhoon]

G'day all

Wondering what everyone's opinion is on the ASX at the moment.

1. Who's buying now and who's waiting for a bigger fall
2. What are you watching and when is your target buy price
3. Banks - Safe or unsafe at the moment with the current economic climate
4. I'm a newbie and about to do my first lot of trades. Would you all recommend that I at least buy some shares in a top 200 company ie blue chips just so I have that bit of safety and security net. I would like a positive experience otherwise I feel like I could be turned off by a stupid risky mistake.
5. Should I consider EFT's like VAS or something as my first trade.

Bit of background - first time ASX investor, I'm willing to hold for 3-5 years to make a profit or even much longer, don't mind dividends either but not fussed if I invest in a no dividend paying company. Eventually I would really like to have a fair bit of money tied up in the ASX that could potentially earn me at least 50 to 60K after tax via dividend payments. I know this is no easy feat and from some rough calculations and some extremely good stock picks I'm thinking I would at least need to pick the best dividends stocks and probably have at least $800,000 invested for that kind of return.

Thanks

 

[finicky]

There's a few threads you can check out - better than seeking individual advice, which we're not supposed to give anyway. The best investor or trader here might give you a tip that could crater in days in this awful period. Most here are not feeling all that gung-ho, they're probably tending their wounds and just hoping they won't be attacked again, lol.

Keep an eye out for Listed Investment Companies (so called LICs) and a few good listed fund managers maybe. It'll spread your risk in terms of individual companies as they invest in many companies and sometimes have inbuilt protection. You mentioned etfs as another option.

Careful of focusing on dividends. High dividend yield is often a warning or a sign of a mediocre company (like Telstra). It's called a 'dividend trap', remember that phrase. Some of the most capitally rewarding companies have paid no dividend at all. Rather look for growing earnings, or even growing revenue if a company is at an early stage and not profitable yet.

You'll need to be ready to lose money at times if you are to hang in there, there's no other way. Bet small, get information from wherever you can and let it mutate into a possibly ruinous life-destroying idea in your brain.

https://www.aussiestockforums.com/threads/good-asx-listed-stocks-to-buy.35272/

https://www.aussiestockforums.com/threads/bargains-galore.35286/

 

[frugal.rock]

Some current discussion here.
https://www.aussiestockforums.com/threads/good-asx-listed-stocks-to-buy.35272/
I would encourage you to trawl through the forum, use the search tool etc.
Watch "The Business" on the ABC etc.
General consensus is, probably not quite the right time to be buying...yet.
No rush, especially as you are planning long term.
Consider dividend reinvesting plans, most blue chips have that choice.
So, instead of receiving the dividend, you get some extra shares instead.
Compound growth, maybe!
To answer your post in any depth, would take weeks...
Cheers.

F.Rock

 

[frugal.rock]

One of the smart ones beat me to it!
@finicky

 

[bfhoon]

I've been thinking on taking a punt on Livetiles asx LVT and also Immutep ASX IMM.
What should i be looking at, selfwealth has a market insight into company profits and debts etc. I have been advised to only pick companies that don't have much debt as they should be able to recover easier from the crisis. Does someone have a real life example on how to read the figures so I can gain a learning curve on how to read the charts/information available. I have put $5K into my account as a starter should I jut hit up one safe stock or diversify into a few stocks to start with. If I start out good I will be happy to keep taking risks and diversify my portfolio.

At the moment I'm fairly interested in Artificial intelligence stocks livetiles LVT as I believe in the future these will gain momentum. Its quite easy to predict in the future the auto industry is going AI and computers ipads tablets etc the world of AI is pretty much endless.

I know biotech stocks like IMM can be a bit risky so wouldn't invest to much into them but willing to take a small punt on a reliable high cash flow company with not much debt.


Apart from that I wouldn't mind some safe retail shares like Woolworths WOW or Coles ASX COL. Pretty safe performers and I don't think online retail stores will ever be able to ruin these two.

My other options would be banks I guess CBA is probably the safest bet but in the current climate im not sure if now is a good time to buy these, I could see them sinking much further in coming months which could be the ideal time to invest and hold for many years into the future for high returns.

 

[frugal.rock]

Quite uncanny you mentioned IMM...
as I purchased a small amount today... sorry, yesterday, it's after midnight.... aarrrroooooo


F.Rock
PS, Appen APX seems to be a popular AI choice with the price about what I remember a year ago. Don't hold and haven't.

 

[sptrawler]

I picked up a few VUK at $1.10, to dollar cost average, I don't know if they will survive the crisis but it is an established U.K bank so stiff upper lip and all that.
Also dollar cost averaged on PPS at 20c, mainly because it makes it look a lot better on my holdings printout.
Also topped up on IFL and CWY.

 

[Smurf1976]

Some beaten up large caps which have come to my attention include:

ANZ, CIM, FMG, MQG, NAB, ORG, RIO, SCG, STO, WBC.

Disclosure - I've recently bought some of these.

 

[frugal.rock]

Lake LKE, the processing trials by Lilac look good and on top of the enviro game.
AEI, virus media filters...
Would clarify that Tyro may get hit again due to the virus and the fact that many businesses are closed, meaning that the Tyro EFTPOS units will be sitting around chirping like crickets...
Don't hold any, but have held Tyro and Lake... lost a packet on Lake...

F.Rock