Beginners - Introduce yourselves!

[PinguPingu]

Hello there! Been lurking for a few months now decided to register and now finally make a post.

I'm 19 and have just started trading stocks for the last 6-7months or so, I'm up around 8.5% so just beating out bank interest. Not complaining because at least I haven't pissed away my money yet.

Funny that you should mention gold, at 16 I told my parents I wanted to invest in gold using the 15k or so I'd saved from a savings account that I've (and them) put most of my birthday/christmas money in for the last 10 years - they said I shouldn't risk it with silly decisions like that. I think it was around $850 an once or something? I don't check the price of gold nowadays

So at the moment I have most of it in shares and a little in some managed funds like BlackRock and Vanguard and I try to put 50% of my wage into a cash savings account whilst I live on Ramen

Looking forward to learning more about both investing and day trading! (doing the ASX sharegame as well)

 

[Tanaka]

I try to put 50% of my wage into a cash savings account whilst I live on Ramen

howdy there! you have a good attitude to saving at a good age, well done!

I saw a youtube clip in japanese about one of japan's most successful day traders, he eats ramen everyday even though he's a multi millionaire! (i forget the name of the clip, it may have been posted on these forums somewhere)

anyway, goodluck!

Tanaka

 

[Liability]

Hi Guys,
I'm 21 and have just bought my first two stocks - Peninsula Energy (PEN) and Peak Resources (PEK).

Watching the market with wide eyes!

I'm eager to learn more and further my financial education (and hopefully build something that resembles and asset base!)

 

[Myse]

Hello,

I'm a full time uni student, been in the market for a couple of years now I suppose and I was a former ASX Share Market Game Winner a few years ago. I'm a frequent trader but at the moment, I am currently doing some company research.

My first ever trade was MQG, made a very generous profit with that (2 years ago, post GFC) and since then, I've made a plethora of successful trades. Thinking of purchasing an apartment/property soon. I started off with Bell Direct with a few thousand dollars I saved up, but have since switched to CMC markets.

 

[maximusnz]

Hi My name is Tom and im New

 

[sichy]

Hi All

Just joined today so far i love what i see. Some amazing information and a real sense of a financially prudent community. My main job is in IT specifically working in BI and Data Warehousing but i love the thrill of seeing money being made (or lost). Anyways looking forward to some methodical trading

Thanks

 

[Greg]

Hi everyone
I'm new to all of this stuff so will be reading through the "newby" materials I've seen. Recently retired with a super that just about makes it viable, but, like a lot of other folk I suspect, not too much spare cash for life's little luxuries. Hoping to pick up on some advice and methods to build a little bit of extra cash for the occassional treat once I put aside a little bit of "play money". As I said, I'll go off now and read the "advice to newby's and FAQ section" but my first question would be, "what sort of cash amount do I need to start playing in the share market?" Given that my needs are very casual, I hope I don't need thousands! Maybe I should wait before asking, "how do I buy and sell shares given that I'm a very small player in this field?". There, I've aksed the question anyway!
Looking forward to learning lots of new stuff (and maybe make some pocket-money on the way through, eh?)
Cheers
Greg

 

[white_crane]

Welcome Greg.

Discretionary trade only with whatever you can afford to lose.
The less capital you have, the more brokerage will eat into it.
Learn risk management first and foremost (it will keep you going a bit longer).

 

[nickbeans]

hi
im currently 16 and am looking at opening a trust account to do some trading. i already own shares in commonwealth bank which i was given around/over 10 years ago. I am looking at putting all the dividends from those years back into the stock market. i am looking mostly at blue chip stocks simply because i find them less riskier, and more long term (which is good because spending $20 a trade is a bit much to be spending when im not exactly investing that much anyway).

i just have a few questions with setting up a trust account:
- I understand that the account is opened in a parents name with me as the trustee, so I assume when registering with an online broker, it has to be signed up for with my parents information? This includes when it asks for bank account details, as I am not sure whether the details must match the parents or the trustee. Also this includes giving the broker a tax file number when signing up. I have my own tax file number if it makes a difference

- Would dividends be sent directly to my bank account?

- What is the go with claiming tax on dividends? The way I understand it, dividends are automatically taxed and I have the right to claim the tax back from the dividends (as my stocks are my only form of current income).

thanks for any light that anyone can shed.

 

[lowlife]

Hello just introducing myself to the site

 

[youngone]

hi
im currently 16 and am looking at opening a trust account to do some trading. i already own shares in commonwealth bank which i was given around/over 10 years ago. I am looking at putting all the dividends from those years back into the stock market. i am looking mostly at blue chip stocks simply because i find them less riskier, and more long term (which is good because spending $20 a trade is a bit much to be spending when im not exactly investing that much anyway).

i just have a few questions with setting up a trust account:
- I understand that the account is opened in a parents name with me as the trustee, so I assume when registering with an online broker, it has to be signed up for with my parents information? This includes when it asks for bank account details, as I am not sure whether the details must match the parents or the trustee. Also this includes giving the broker a tax file number when signing up. I have my own tax file number if it makes a difference

- Would dividends be sent directly to my bank account?

- What is the go with claiming tax on dividends? The way I understand it, dividends are automatically taxed and I have the right to claim the tax back from the dividends (as my stocks are my only form of current income).

thanks for any light that anyone can shed.

DOnt you have to be over 18 to start trading??

I have a 16 years old sister that i would like to have enter the market.

 

[burglar]

DOnt you have to be over 18 to start trading??

I have a 16 years old sister that i would like to have enter the market.

Hi youngone,
You missed this bit:
"I understand that the account is opened in a parents name with me as the trustee"

 

[burglar]

...
- What is the go with claiming tax on dividends? The way I understand it, dividends are automatically taxed and I have the right to claim the tax back from the dividends (as my stocks are my only form of current income). ...

hi nickbeans,
Welcome to ASF.
I see you bean waiting a long time for a response. (it happens)
You are allowed to ask more than once and in different threads too.

Regards your query about dividends:
Dividends can be fully franked, partly franked or unfranked.
I googled them ,,, clear as mud!
someone else may help you understand:

http://www.investopedia.com/terms/f/frankeddividend.asp

http://www.anz.com/edna/dictionary.asp?action=content&content=unfranked_dividends

 

[watnee]

Hi everyone. Found the web-site a few days ago. I'm looking forward to adding this to my rapidly increasing "resources" (books,magazines,on-line ...anything that will help me learn about the s/market! I only began trading Jan this year, since then,the last few days in particular,have been um...educational. I have no doubt that I will learn AND profit from what you share on this forum.irate:

 

[GumbyLearner]

Hi everyone. Found the web-site a few days ago. I'm looking forward to adding this to my rapidly increasing "resources" (books,magazines,on-line ...anything that will help me learn about the s/market! I only began trading Jan this year, since then,the last few days in particular,have been um...educational. I have no doubt that I will learn AND profit from what you share on this forum.irate:

What's with the bold font?

 

[Buckfont]

The psychiatrists will have a field day. From the one who knows about fonts. Bf

 

[lowlife]

Hello all!

 

[Cirquedan]

Hi,

I'm actually a circus artist who has finally landed a well paying contract and wants to keep newfound reserves safe.

I've read alot about peak oil in the last 5 years and will be looking to find ways to keep safe and hopefully profit in the market situations and consequences coming.

Got lots to learn so off to keep reading the forums!

 

[Spongle]

Hey guys

Maths and chemistry student here... 29 but still in first year haha. Do a bit of tutoring to help pay the bills.

I have bugger all money and always have but have never been able to save because I've always blown my money on off those built off the benzene ring.

Enough of that **** in my life. It's time for me to save (which is easy for me cos I have very little interest in possesions... cept records) time to plan for my future as me and my girlfriend are trying for a baby.

I've been diagnosed with 'significant' obsessive compulsive disorder which I believe will give me a serious edge in this game since I can see (and think) complex patterns with relative ease.

Also I don't really care about money hence i am not afraid to lose it... of course we all need it though and I am sick of selling my time for money.

Am very exited about all this and this forum seems to be a goldmine of knowledge.

 

[jayjarrod]

HI I joined up a couple of days ago. I would like to start trading in shares or forex to make some money, not sure if that possible. Thinking a couple hundred a week maybe.
This site is a bit hard to navigate so any tip on getting around the forum would be great.

Jay