G'Day All,
I have just started learning about investing in Shares and EFT. I have not done a single trade and a bit nervous. I have invested in property in the past and then decided to focus on paying my home loan mortgage out. So I sold my investment properties and nearly paid my home loan off. I have spare cash sitting and a bit of saving every month. I thought to invest in shares. I have started reading on websites and magazines.
My goals: I dont want to be a trader ( I wont get sleep) as I love my job but want to earn more than a CPI and trade a bit like a hobby which could help in retirement.
Risk: Not a low to medium risk taker and prefer a mix of Long term hold shares and short term hold shares
Questions: Sites where I can learn more about trading for starters Shares, ETF and where I can get good recommendation reports. I have a login to Commsec and Westpac.
Cheers
Steve
Hi Steve welcome aboard.
Well done
After reading your post it seems you have done everything right to secure your future, so well done so far. When we all start out we tend to be nervous with a bit of apprehension thrown in. Being a low risk taker LIC's maybe your starting point to get your "foot in the door" when it comes to trading.
LIC's
LIC's compared to trading don't have the same returns because of the way they are structured but it's a safe (as can be) passive way of investing, they are dividend investors for a better word. They are long term holders of the big low volatility companies (they play it safe) with low volatility normally goes hand in glove with low returns. Investing funds in licenced investment companies (LIC's) has the ability to give investors a greater sense of stability, security & peace of mind knowing funds are professionally managed, a vehicle that would get you started in the markets & they trade just like any other share. Having a CommSec account you are ready to go.
Do some research
Argo (ASX: ARG)
https://www.argoinvestments.com.au/ and Australian Foundation Investment Company (ASX: AFI)
https://www.afi.com.au/ are two funds that have been constant dividend performers & prices at the moment indicates capital growth could be on the cards as well.
Set & Forget Investing
This investment strategy, investing for dividends, is a simple ‘set-and-forget’ style of investing, it’s easy and stress free, over time there is a double whammy, dividends and capital gains. The dividends can be reinvested through their dividend reinvestment plan (DRP) or you can have the dividends paid into your bank account for living expenses, it’s up to you to decide how the dividends are dispersed.
Investing can be scary
No investment strategy is safe, but this style of investing is on the safer side, on the lower scale of risk. LIC’s are safer than most other investment vehicles because they have pooled funds that are professionally managed and they aren’t affected by member withdrawals as they are ‘closed funds’.
Help is only one post away
The Aussie Stock Forum is chock full of members who are only willing to help if you have any questions.
I've got a great idea
In the meantime check out my educational thread. Education is the key when investing.
Read my 'Dump it here' thread
The 'Dump it here' thread starts here:
https://www.aussiestockforums.com/posts/1005967/
Investing is what you have asked about but if you want to know what's trading is all about it can be found here:
https://www.aussiestockforums.com/posts/1040134/
Just for you - a free eBook (to get you started)
Trading Fundamentals - Skate's Beginners Version eBook
https://www.aussiestockforums.com/posts/1014728/
All the best...
Skate.