Beginner - how do you like my first stock picks?

[AdamVW]

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!:

Hi Burglar,

sorry about the delay replying. I am in the middle of renovating my kitchen so trivialites like the stock market and North Korea have been on the backburner a little.

However, yes the correction, well last I heard it may be less than expected after a good day in New York so hopefully I won't loose as much as I could. I am down about 10% overall since I bought the shares a couple of weeks ago. But, that's ok, that is how my luck runs normally, just ask my lotto dealer, I am particularly good at picking last weeks winning numbers

Anyway, in regard to your comment "will you paper trade, or put skin in the game." I have no idea what that means but I will be hanging on for now, I don't think the shares I have chosen are bad, just the market in general is bad.

Ask me next week, I might tell you a different story......isn't that how it works in this game? :

 

[So_Cynical]

yes the correction, well last I heard it may be less than expected after a good day in New York so hopefully I won't loose as much as I could. I am down about 10% overall since I bought the shares a couple of weeks ago. But, that's ok, that is how my luck runs normally, just ask my lotto dealer, I am particularly good at picking last weeks winning numbers

Ill quote myself from last week.

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

So far you haven't "got away with it" Timing is important, being aware of sentiment is important, avoiding top buying is very important.

I don't think the shares I have chosen are bad, just the market in general is bad.

Ask me next week, I might tell you a different story......isn't that how it works in this game? :

I'm sure the story will be different next week...that is the way it works.

 

[skc]

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.

There are 3 basic steps to investing in shares.

1. Find good companies.
2. Buy them at a good price.
3. Sell them at the right time.

Whereas for a lot of beginners, the 3 steps involve.

1. Rely on others to find out about "good" companies.
2. Buy regardless of price.
3. Sell at the wrong time, or never sell even though the decision to buy was wrong.

Assess where you are on the two ends of the spectrum and improve on the area that needs improving.

Good luck.

 

[AdamVW]

Ill quote myself from last week.



So far you haven't "got away with it" Timing is important, being aware of sentiment is important, avoiding top buying is very important.



I'm sure the story will be different next week...that is the way it works.

Yes, you are indeed correct So_Cynical and I know I went in at a time when the market was on the down. However as you said, next week will be different. I have not invested a lot of money so it is not a big deal, just learning at the moment anyway even if we keep sliding away.

 

[AdamVW]

There are 3 basic steps to investing in shares.

1. Find good companies.
2. Buy them at a good price.
3. Sell them at the right time.

Whereas for a lot of beginners, the 3 steps involve.

1. Rely on others to find out about "good" companies.
2. Buy regardless of price.
3. Sell at the wrong time, or never sell even though the decision to buy was wrong.

Assess where you are on the two ends of the spectrum and improve on the area that needs improving.

Good luck.

Thanks SKC

well to be fair, I would expect learned people being paid considerable money to provide advice on good/bad stock as a reasonable source. Of course it is not always the case as my SAR stock seems to indicate at the moment.

Point 3 is the one that is also on my mind. Time will tell I suppose.

 

[ROE]

SAR an interesting pick, a small gold producer ...are they they cheapest producer?
with NCM and the like cost around $700 to produce an ounce, these smaller guy probably close to
$900-$1000 an ounce ...gold wouldn't have fall too far from this level for this business to be in trouble.

small mining companies are high risk in my view with little reward, they at the mercy of the commodity price with little room
to move...it wouldn't take much of commodity price move to move this stock down a lot....up is slow but down is fast...

BRG and MTU if I have them I hold...no way I buy them at the current price...

 

[burglar]

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

"Will you pretend you have them or will you buy them?"

Rather moot, as your post now tells us you have bought them.

Some excellent threads here on when to sell!

https://www.aussiestockforums.com/forums/showthread.php?t=21891