Beginners - Introduce yourselves!

[MrCBee]

Hi All

I am interested in learning about the E-minis (futures) market.

I would like to hear from experienced traders how you got involved and some pointers on getting started.

Information such as what you did to start out with regards to courses books websites etc

Which market is best for beginners to trade Nasdaq 100, S&P 500,Dow, Euro 50?

Personal experiences, tips, advice

All help appreciated.
Thanks Alot.

 

[qprjames]

Hi all....i'm very new to the game.....so getting some impartial advice of here has been invaluable. I've already made 1 post and the feedback was great. It will make very interesting to read back some of these comments in 5-10 years time so see if some of the predictions made on here ever come true! Good luck trading folks!

 

[Kez180]

Hello all!

I thought my first post might as well be an introduction.

I'm a broke Commerce student majoring in 'Financial Planning' and 'Banking and Financial Services' at the University of Canberra (How funny is that). I have 2 classes left and I will graduate, both of those are getting done this semester, YAY!

I also work full time as a mortgage broker Monday to Friday and have a second job on the weekend waiting tables.

So why am I broke? Lots of reasons, cars I shouldn't have borrowed money for. Shares that I shouldn't have sold the car to buy. Teeth that were knocked out fighting that need to be replaced. (I should have become a dentist - License to print money) The list goes on.

So hello all and I am sorry for going on so long...

~Kieran

 

[billv]

Hi everyone.

I've decided to join this forum because I want to increase my knowledge of shares trading.
I've just started my own Self Managed Superannuation Fund and I am looking forward to investing it wisely

My super has been in cash since Nov 07 (phew how lucky was that....)
and I am now spending most of it buying a property (I am gearing to 70%) and the remaining money plus my salary sacrifice component (approx 20%) and my employer 9% contributions will be invested in shares or funds.

My gearing in this property means that I'm multiplying any capital gains by 3
so assuming prices will go up as they've done for thousands of years my super will get a good boost.

With my 30% deposit this property will be positive geared so it will be paying itself off and over time the rent will also be increasing so it be reducing the mortgage even further.

I still have a small shares portfolio but I think I'll scrap it and start fresh inside my super fund (because of the tax benefits)

Anyway, catch up with all of you later

 

[hem9]

G 'Day Mates

New to the forums here - hoping to learn from you experienced guys the tricks and trade of investing.

 

[shaunQ]

My gearing in this property means that I'm multiplying any capital gains by 3
so assuming prices will go up as they've done for thousands of years my super will get a good boost.

Or... alternatively, "My gearing in this means that I am compounding my capital losses by 3"

With my 30% deposit this property will be positive geared so it will be paying itself off and over time the rent will also be increasing so it (will) be reducing the mortgage even further.

Doesn't seem like you need to learn anything... you've got it all planned so just go and live the high life I reckon.

 

[light bearer]

Hi everyone,

I have been investing for the last couple of years and like many of you have had concerns over the falling Australian stock market. I am investing for the long term (5-7 years) so perhaps in time and with the magic of compound interest i might realise a good return. I am currently reinvesting all distributions.

Having a diversified portfolio of fund managers and having a long term strategy in place i couldn't see the sense in paying for an expensive financial advisor anymore. I don't believe they are completely trust worthy anyway considering all the kick backs and fees they receive.

Let us all grow rich/richer together.

 

[billv]

Doesn't seem like you need to learn anything... you've got it all planned so just go and live the high life I reckon.

I will, the only reason I am here is because I want to increase my knowledge on shares and trading but some permabears here are questioning my position on property so I had to give them some answers....

 

[billv]

Or... alternatively, "My gearing in this means that I am compounding my capital losses by 3".

True, but it won't happen and even if I did have some capital loses they will be short lived because wages, inflation and rents will catch up and property prices will move upwards again.

Short term price movements are irrelevant to me.
My plan is to buy and hold for the next 15 years.

 

[MrFlibble4747]

Hi all,

I'm such newbie I have not even started investing directly.

I'm lookng into moving into an SMSF out of ASGARD master trust super portfolio who I'm not happy with paying high fees with + a financial advisor who has proved to be incapable of doing anything effective except take the fees.

I'm looking forward to getting some good pointers.

esuperfund looks promising as a low fee service. Any comments?

 

[billv]

esuperfund looks promising as a low fee service. Any comments?

It does look promising, however, I chose not to go with them because their docs don't support property lending.

If you want you could give them a go and if you ever get stuck you can update your trust deed to cover other types of investment.

 

[rja2439]

G'day All,

I've been reading this forum for about a year now and thoroughly enjoy doing so, but thought it's about high time I introduced myself! I'm definitely a newbie to it all and have been more recently doing as much learning as I possibly can since there will no doubt be some great opportunities in the near future in the market.

I currently own a pty ltd company from which I earn my day to day living but am seeking the knowledge an accountant tomorrow to determine if there are any advantages in creating a trust from which I can trade/invest from. I'm just about to write down a long list of questions to ask him (gotta make the most of the obligation free first appointments!). Does anyone have any recommendations of a good and not expensive accountant in Brisbane?? Feel free to PM me if you like.

Hope to share my experiences and learn from yours as time goes on.

Cheers

 

[slowdown]

Hello. Another newbie here. I'd like to be a value investor.

I have recently started trickling back into the safer end of the market just to be out of a 100% cash position. That said, I think we have a way to go down yet before we cross the bottom.

But once we all want to get out of cash and into real assets (once we get a price floor and figure out that real interest rates are zero) it will change up pretty quick methinks. We will have overshot by a long way at that point though.

 

[Joe Blow]

Welcome to all new ASF members!

Please be sure to read our Code of Conduct, Posting Guidelines and Terms of Use, all of which you can find links to at the bottom of every page.

Don't forget to explore the site search function which you will find useful for tracking down threads on particular topics. This thread has some tips on how to make the most of it: https://www.aussiestockforums.com/forums/showthread.php?t=8380

Enjoy the forums!

 

[MaverickTrader]

Hello all - new to this forum and new to trading stock! Look forward to learing as much as i can

 

[BearCub]

Hi All,
My interest in trading began back in 1982 when i was living in Canada and sucessfully completed the Canadian Securities Course. At the time though, i couldn't see myself working as a broker and decided to pursue other interests. It was a few years before i got back into the swing of things... this time in the guise of a trader and took a TA course. What FUN! Arrh... charts! Getting a 'picture' of all those numbers sure helped me and I made a few good plays mostly on the IPO side of the market.

Fast fwd to back here in Australia.

I have always been keen on the idea of having both financial freedom AND time freedom as my life style, so that's what i'm currently pursuing.

I chose to quit my day job 6 months ago...one of my better decisions (timing????)...and i'm now trying my hand at fx to generate monthly cash flow. Thought i might 'have it' by now, but still it 'bites me' all too often. The frustration of the learning curve apparent some days.

I'm also looking into options trading but for the moment, just doing my homework. Which brings me to ask the question, do you or anyone out 'there' have any experience with Peter Shultz and Options Success?

So this is me and i want to let you know that I love trading which as far as 'work' goes something that for a while i haven't been able to say. It's soooo important to love what you're doing, actually it's vital to everything else. Steve Jobs of Apple Computers puts it in a special way. Here's the direct link.
Hmmmmm.....Not hyperlinking apparently. (ah, first post, that's why! Wonder who made up that rule?)

Sorry people, you'll have to Google it. It's his Stanford University 2005 speech to the Graduating Class.
Hope it's helpful to you.
Cheers,
BearCub

 

[Trembling Hand]

only three things i need..... Well then I cannot lose!!

They are

1. setup a dodgy website
2. make outrageous claims
3. Spam people to take their money

easy success.

 

[nunthewiser]

blessem

 

[nomore4s]

only three things i need..... Well then I cannot lose!!

They are

1. setup a dodgy website
2. make outrageous claims
3. Spam people to take their money

easy success.

Sorry TH, I've already patented this template to success.

But I can sell you a franchise for a small fee.....

 

[Trembling Hand]

Sorry TH, I've already patented this template to success.

But I can sell you a franchise for a small fee.....

Nah thats alright. I'm going to set up a better one. You will only need to know TWO things