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Beginner - how do you like my first stock picks?

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AdamVW

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Hi all

well, I might be 55 years old but finally decided to have a little play in the mysterious world of the stockmarket.

I have chosen the following stocks which I think will do ok with some reasonable growth expected over the next 12 months:

AGK
BRG
MTU
SAR


Your comments on my choices would be most appreciated.
 
AdamVW said:
Hi all

well, I might be 55 years old but finally decided to have a little play in the mysterious world of the stockmarket.

I have chosen the following stocks which I think will do ok with some reasonable growth expected over the next 12 months:

AGK
BRG
MTU
SAR


Your comments on my choices would be most appreciated.
Click to expand...

Well done Adam check out CCV cheers
 
AdamVW said:
Hi all

well, I might be 55 years old but finally decided to have a little play in the mysterious world of the stockmarket.

I have chosen the following stocks which I think will do ok with some reasonable growth expected over the next 12 months:

AGK
BRG
MTU
SAR


Your comments on my choices would be most appreciated.
Click to expand...

Selection fine, timing and thus SP seems to be somewhat irrelevant...you mite get away with it.

Good luck
 
None of them feature on my list of stocks, but that means bugger all!!

SAR does seem at odds with the other 3, a small speculative mining stock.

What is your strategy? Are you planning to invest for the long term or something else?

What is your system for selecting stocks?
 
galumay said:
SAR does seem at odds with the other 3, a small speculative mining stock.

What is your strategy? Are you planning to invest for the long term or something else?

What is your system for selecting stocks?
Click to expand...

Thanks Galumay,

SAR was recommended by Fat Prophets and it seems that as it has completed purchasing operating equipment etc, it may be in a position to make some gains and also, it on a site that has some good gold deposits. Therefore, it may do well in respect to gold.

The others, BRG is over a rough patch due to an issue in Canada and we in fact own by choice a number of Breville appliances because they are very good.

MTU was also recommended and with its recent acquisitions of companies including DODO (we are a customer) it seems like a worthwhile communications group to get into.

AGK I noticed as a good pick by several strategists so to round out a diversified portfolio I decided to buy a few.

I intend to watch them closely over the next 12 months and see how they go. Of course being new to the game I don't expect to make my fortune just yet but I think they are stocks that will allow me some confidence moving forward.

Not a particular strong strategy, more of a learning tool.
 
AdamVW said:
... I have chosen the following stocks which I think will do ok with some reasonable growth expected over the next 12 months: ...
Click to expand...

Having chosen, will you paper trade, or put skin in the game.

Reason I ask, I believe we are in for a correction:

http://finance.yahoo.com/echarts?s=%5EAORD+Interactive#symbol=^aord;range=1d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;



Disclosure: This is the second time I have called the top!:p:
 
hi Burglar, I'm also a beginner, 30yo, making my first $ purchase this month, after having done a lot of reading up. I have a paper portfolio set up in google finance with the likes of MTU, SEK, FGE etc etc.

People keep saying there may be a correction. The problem is if i hold off due too this i may be left in a year with no shares and the correction may never come. So i will probably invest annyway. When do you expect this correction to occur? I'll be buying 1 company per month as the funds come to me.
 
InCasinoOut said:
... When do you expect this correction to occur? ...
Click to expand...
Hi InCasinoOut,
Welcome to ASF.

I am guessing for my own benefit. But if I tell you, I will need to be close to the mark.

The US is still the strongest economy in the world.
End of May, the debt ceiling problem in the US will come to a head.
They will not solve this problem with austerity measures alone, so the compromise will:
A.) Raise the ceiling.
B.) Raise cost cutting measures.
But I believe the measures will not solve the crisis, just let it bounce around until the next time around.

No strong numbers coming out of China.

BRIC countries not taking up the slack.

EU problems not over, Cyprus was an interesting diversion.

Aussie Banks are running out of steam.

Aussie resource stocks are already putting the brakes on the All Ords.

To top it all off - we nearly always have a correction towards 30 June.

Not saying don't do it - but I am saying be careful!! Just my opinion, mind!
 
I see what you are saying, a lot for me to research there. It would be good for me if it happens, as most of my investable funds arrive from the tax man in July. Maybe by then this will have happened and i can buy when the market is hammered way down.

I might still purchase what i think are some bargains in the next few months anyway.
 
InCasinoOut said:
The problem is if i hold off due too this i may be left in a year with no shares and the correction may never come..
Click to expand...

And what's the problem with this? If you're not finding anything worth buying (i.e. a 'bargain'), then why buy anything at all?

Funnily enough, I was just re-reading Security Analysis (specifically the Fixed Interest Securities section). And upon reading your post, I was reminded of a passage within one of the earlier chapters of this section:

It appears to be a financial axiom that whenever there is money to invest, it is invested; and if the owner cannot find a good security yielding a fair return, he will invariably buy a poor one. But a prudent and intelligent investor should be able to avoid this temptation...
Click to expand...

In other words - if you can't find an investment with a margin of safety, a 'bargain', or whatever other name you want to give it - wait.

But, by that same logic, if the market doesn't have any sort of pull-back but you find something worth buying (after the proper research, advice, etc.), then buy it.

Of course, you could just ignore my point of view - completely up to you.
 
@julia - Sure, i will be investing in some companies i have calculated to be well below their intrinsic value. And that i believe have a good future prospects. Hopefully even if there is a dip in the market they will outperform other companies. But perhaps if i could buy in a dip my profits would be better. I havent started studying technical analysis yet but am reading currently. So i'm using the best methods i have to hand so at present. I wont list my full list yet, but maybe when i have purchased i can list them in the newbie area so people can see how they fare over the years? Might be a good laugh for some.

@klogg - I remember the quote from the book. It may serve me well to remember. I may be a little keen too get going. But the companies i have found look like a good investment to me right now. Might have to excercise some patience though.

@op/buffett - i like MTU from the list.
 

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