Beginners - Introduce yourselves!

[joannesmith]

Hello!

My name is Joanne Smith and I'm new here in aussiestockforums. I'am currently working as a finance consultant in Melbourne. I do hope I could contribute to this community and at the same time to learn new things around.

Feel free to contact me if you have any questions. By the way, I would like to say my gratitude for letting me in your community. I'll be more than willing to help in the best way I possibly can.

Cheers,

Joanne

 

[pinkboy]

Thought I would bite the bullet and join the ranks.

Hi, My name is Adrian and I'm 30.

I guess I have been investing 10+ years. Bought my first property in 2003 and been bumbling along purchasing more and mid last year paid off our dream PPOR we built in 2011.

I am now in a position where I can put in our 'mortgage payment' component of our income into diversifying into a share portfolio. Our other properties are putting cash in our pocket also, which has enabled us to get to this point, so I will divert these funds into this also.

I am no stranger to controlled risk, having started my own business at age 22 and currently continuing to manage the operation. Generally I have quite a lot of time on my hands as my business has some core customers which continue to keep us going, and growing with every new customer coming on board.

I have a broad strategy in mind with my approach to share investing. This is built on my personal appetite for controlled risk, research, much reading and my overall investing strategy I currently have in place. Most funds will be used to buy undervalued and/or to hold for steady (and dividend) growth. I will also allow myself some funds to speculate/play with.

ASF has been a plethora of information, along with a few other forums. I also hope to contribute and in time you will start to see some of my dry humour ensue, so getting in early with that one.

pinkboy

 

[zerahwhite]

Welcome a newbie here

Hi, I'm Zerah White from Melbourne.

I'm learning from this forum so far. Anyone from South Melbourne here?

Cheers!

 

[HappyCamper]

Introduction

Hi Been lurking in/out of here for a few months now.

I recently started to trade with some success (Some not).

I have a question which I,m guessing will receive lots of different answers.

Most post on this forum and others say "Do you own reseach"


My question is what/how do people research? What are you looking for?

 

[chantash]

Hi I am Maria and currently live near Brisbane, but I am from the UK.

I started trading in 2008 with some success but then I stopped for a while. My daughter has just started prep so I am now ready to start again but my old system doesn't seem to want to work anymore!!

I will ask this question somewhere else too, but wondered which pairings you choose living in Australia. I used to trade EUR/USD but I am currently testing JPY and AUD pairings.

Good luck to you all.

 

[burglar]

Hello all,
and welcome to ASF!

Hello! ...

... I also hope to contribute and in time you will start to see some of my dry humour ensue, so getting in early with that one ...

Forewarned! :

Hi, I'm Zerah White ...

... My question is what/how do people research? What are you looking for?

Be sure to have a read of Sir O's thread, Newbie Lessons - All your questions answered:
https://www.aussiestockforums.com/forums/showthread.php?t=14370

Hi I am Maria ...

 

[begin]

Hi All, I am Linda from Sydney! I am brand new with stock market, heaps to learn...Haven't buy anything yet, and actually don't know how to as yet. Wish I can learn what I need to know from this forum!

 

[ASTA]

Gary in Sydney
Director of the Australian School of Technical Analysis.
From a product engineering background in Melbourne, I took an interest in Technical Analysis from the late 1990's leading into the Diploma work with FINSIA in 2003. On completion of this work accreditation from the International Federation of Technical Analysts was obtained. Followed by RG146 compliance with ASIC. From working with Melbourne based Gryphon Learning conducting 2 day workshops on Technical Analysis around Australia for 4 years, I moved to Sydney at the invitation of Alpine Asset Management in late 2007, here I obtained ADA 1&2 compliance in Securities and Derivatives. From Alphine Asset a position was gained at Macquarie Bank as a Private client advisor in June 2008 thru the GFC, I remained with Macquarie for 2 years, from there I went to RBS Morgans for 2 years then followed by Wilson HTM. Past associations include Vice president of the Australian Technical analysts association and writing the Technical Analysis for Marcus Padley 2006 – 2008. Original guest on Your money Your Call.

Technical Analysis is a passion. And the learning never ends.

Now trading Futures and CFD's from home because its more fun.

 

[jrushmore]

I'm Jackson Rushmore, I'm from Sydney but I move around a lot and have citizenship in New Zealand.
I recently looked into stock exchange as I found it to be an intriguing system.

I hope to learn a lot here and advance my knowledge through discussion.

Thanks.

 

[ProtonEnergy]

Hi everyone I'm Nathan. I'm a scientist with a PhD so I understand numbers, charts, trends and statistics, but have neglected investing for too long, so I'm a bit of a later starter to this game. My situation is interesting, I've been offered a great career position o/s and the bonus is that the income is excellent and tax free. So it is a great opportunity to take advantage of being a non-resident of Australia for tax purposes for a good 5-7yrs and get started with investing properly.

I understand the tax implications of negative gearing property for expats, however, share trading has obvious advantages over property investing for someone living o/s ie: not having to physically inspect property and go through the whole negotiation/settlement process. Something I'm interested in learning about though are strategies that I could use which will develop accumulation of tax credits as I would for negatively geared property. Margin lending of course springs to mind.

My basic strategy to begin with shall be simply to plough monthly income into a relatively safe stock such as a listed investment company, but thereafter I'm interested in implementing a conditional trading strategy. $15 per trade for conditional, Commsec seems totally inappropriate compared to either Bell Direct or CMC markets which offer free conditional trades.

If anyone has some (*updated) advice regarding Bell Direct and CMC markets please let me know.
*I read other threads on this topic and they seem a bit outdated. Some current feedback would be great

 

[Steve01]

Hi, I have been using CMC for trading within my SMSF. So far they have been v/good, excellent phone support if needed, good website and their mobile sites are good and easy to view and use, no complaints from my perspective. I moved over from Commsec purely on costs and CMC so far have been just as good but cheaper.

 

[ProtonEnergy]

Hi, I have been using CMC for trading within my SMSF. So far they have been v/good, excellent phone support if needed, good website and their mobile sites are good and easy to view and use, no complaints from my perspective. I moved over from Commsec purely on costs and CMC so far have been just as good but cheaper.

Thanks Steve! Good quality specific feedback from real users is so important and the more the better. I've read so many different opinions about the same thing (eg: this broker or that broker etc etc) so the weight of evidence starts to become relevant.

 

[prawn_86]

If anyone has some (*updated) advice regarding Bell Direct and CMC markets please let me know.
*I read other threads on this topic and they seem a bit outdated. Some current feedback would be great

If you are serious about short term trading use a broker like IB. CFDs will kill you in the long run.

If you want long term, then just buy direct through a broker, dont worry about the CFDs as leverage can be a disaster for newbies

 

[Faramir]

Hi everyone. My name is Kevin. I feel so naive about shares. I made my first share purchase about 2 weeks ago. Despite those shares falling after my purchase, I am sure that I made the correct decision in the long term.

I regret not learning about investing in my twenties during '90s. Made lots of mistakes with money and suffered unemployment for a while. I am struggling to find time to read about investing. Maybe this is why I joined this forum.

Unlike many people in this forum, I earn very little but I have saved a little for investing. I have roughly $25,000 to invest. It took me a long time to save this. I still some 'emergency cash' which I will not use for investing. I am looking at a few promising shares but everything seems too expensive. I regret not doing this last year but I was dealing with personal issues back then. Thank you in advance for saying hello.

 

[springhill]

Hi everyone. My name is Kevin. I feel so naive about shares. I made my first share purchase about 2 weeks ago. Despite those shares falling after my purchase, I am sure that I made the correct decision in the long term.

I regret not learning about investing in my twenties during '90s. Made lots of mistakes with money and suffered unemployment for a while. I am struggling to find time to read about investing. Maybe this is why I joined this forum.

Unlike many people in this forum, I earn very little but I have saved a little for investing. I have roughly $25,000 to invest. It took me a long time to save this. I still some 'emergency cash' which I will not use for investing. I am looking at a few promising shares but everything seems too expensive. I regret not doing this last year but I was dealing with personal issues back then. Thank you in advance for saying hello.

Welcome to ASF, I wish you the greatest of success in the future, both personally & financially.

Just a couple of points, if I may.

1. Feelings of naietity when considering your first stock purchases are a natural emotion to have, this feeling may linger for a few years yet. Trading/investing in stocks is a continual process of learning whether you have been doing it for 5 years or 50.

2. If you have any other outstanding debt, retire that with the $25k first before you even consider inbvesting.

3. It is important that you find/make the time to read about investing and how you would like to approach the situation. There is an old saying "If you complete just 1 hours research on a particular stock, you will know more about it than 99% of the people invested in it at any given time".

4. One of the best things you can do is take all preconceived notions that most posters on stock forums either;
- Earn a lot
- Have a lot saved up to invest
- Are successful traders/investers
Don't ever forget that in the most part you are dealing with anonymous individuals here. Over time, you will learn who are the regulars/highly experienced/helpful/rude/BS artists/genuine/rampers/fake etc etc
ASF is generally an excellent community to be a part of, you have chosen wisely to join this one.

5. Congratulations on the $25K that you have saved, it sounds like it has taken you a while to accrue this money. Invest it in the same way that you have accumulated it ----> CAREFULLY

6. Ask questions. That is what ASF is here for. If you are considering an individual stock for purchase, look it up on this forum and read the thread from start to finish to gather as much information as possible. Cross reference what has been said with a price chart to see if the comments line up with share price activity. This will give you a good insight into how stock commentary can be posted with truthfulness & the intention to inform/assist others, conversely it can also show you how desperate people losing a great deal of money will say anything & everything to attempt to entice others to buy a particular stock that they own, aka ramping.

7. Take your time. Learn, learn, learn & then learn some more. As long as you are working on formulating a plan that preserves your hard earned capital whilst researching some carefully selected stocks - you will not wake up tomorrow wondering where your $25k went.

8. The stock market will be here tomorrow, next week & next year. You are not missing out on anything that won't replicate itself in another stock at some stage into the future. You just need to learn to await & recognise that opportunity when it represents itself down the track.

If I may ask, do you have a figure and/or timeframe in mind of what value you would like your $25k to be?

 

[cultstatus]

Hello my name is Sheena I am in my mid 20s and looking to invest in shares for the first time.

I have made some bad financial decisions (accumulating bad debt) and learnt some tough lessons over the past decade. I am excited to begin my journey into a more secure financial situation and look forward to learning a lot from everyone who contributes to this forum.

Thank you

 

[CanOz]

Hello my name is Sheena I am in my mid 20s and looking to invest in shares for the first time.

I have made some bad financial decisions (accumulating bad debt) and learnt some tough lessons over the past decade. I am excited to begin my journey into a more secure financial situation and look forward to learning a lot from everyone who contributes to this forum.

Thank you

Hi Sheena, Welcome aboard!

I made a few bad decisions when i was your age as well. Lots of credit card debt was the biggest mistake. I got out of it by consolidating the debt. I got lucky in that a Citi bank sales guy caught me in the airport one time and i signed up for a very low interest credit card and transferred all of my debt to it from the other cards. I started paying that down, when i was doe i cancelled it and got the lowest interest card i could and payed it off every month, careful i didn't spend over my budget....

Budgeting - make a budget and stick to it.

Good luck in your investing education!

 

[susie19]

Welcome to ASF, I wish you the greatest of success in the future, both personally & financially.

Just a couple of points, if I may.

1. Feelings of naietity when considering your first stock purchases are a natural emotion to have, this feeling may linger for a few years yet. Trading/investing in stocks is a continual process of learning whether you have been doing it for 5 years or 50.

2. If you have any other outstanding debt, retire that with the $25k first before you even consider inbvesting.

3. It is important that you find/make the time to read about investing and how you would like to approach the situation. There is an old saying "If you complete just 1 hours research on a particular stock, you will know more about it than 99% of the people invested in it at any given time".

4. One of the best things you can do is take all preconceived notions that most posters on stock forums either;
- Earn a lot
- Have a lot saved up to invest
- Are successful traders/investers
Don't ever forget that in the most part you are dealing with anonymous individuals here. Over time, you will learn who are the regulars/highly experienced/helpful/rude/BS artists/genuine/rampers/fake etc etc
ASF is generally an excellent community to be a part of, you have chosen wisely to join this one.

5. Congratulations on the $25K that you have saved, it sounds like it has taken you a while to accrue this money. Invest it in the same way that you have accumulated it ----> CAREFULLY

6. Ask questions. That is what ASF is here for. If you are considering an individual stock for purchase, look it up on this forum and read the thread from start to finish to gather as much information as possible. Cross reference what has been said with a price chart to see if the comments line up with share price activity. This will give you a good insight into how stock commentary can be posted with truthfulness & the intention to inform/assist others, conversely it can also show you how desperate people losing a great deal of money will say anything & everything to attempt to entice others to buy a particular stock that they own, aka ramping.

7. Take your time. Learn, learn, learn & then learn some more. As long as you are working on formulating a plan that preserves your hard earned capital whilst researching some carefully selected stocks - you will not wake up tomorrow wondering where your $25k went.

8. The stock market will be here tomorrow, next week & next year. You are not missing out on anything that won't replicate itself in another stock at some stage into the future. You just need to learn to await & recognise that opportunity when it represents itself down the track.

If I may ask, do you have a figure and/or timeframe in mind of what value you would like your $25k to be?

Hi everyone. My name is Kevin. I feel so naive about shares. I made my first share purchase about 2 weeks ago. Despite those shares falling after my purchase, I am sure that I made the correct decision in the long term.

I regret not learning about investing in my twenties during '90s. Made lots of mistakes with money and suffered unemployment for a while. I am struggling to find time to read about investing. Maybe this is why I joined this forum.

Unlike many people in this forum, I earn very little but I have saved a little for investing. I have roughly $25,000 to invest. It took me a long time to save this. I still some 'emergency cash' which I will not use for investing. I am looking at a few promising shares but everything seems too expensive. I regret not doing this last year but I was dealing with personal issues back then. Thank you in advance for saying hello.

Hi Kevin/Faramir (and everyone) - I just want to say that firstly, I am new to this business also, but have done a lot of reading prep, trawling libraries and the net, and this year I have the time to take it to the next step. Kevin, I want to say "Good and happy trading" and I hope that it all works for you (for us!)

The massive amount of reading that I have done makes me think that I won't have to fork out megabucks for a mentoring course (whoops, there goes the trading account!) - it also makes me think that Springhill has some very good points to take in - for me and for you. So....."what he said" !!!

I certainly have the feeling that I don't need to rush (tho my 30day free trial with Amibroker may have been downloaded to soon for me to get full benefit) - but the market isn't going to go away. So....softly softly (but knowing when the time is starting to turn into procrastination!)
Again, good and happy trading to you (and everyone)
Kind regards,
Sue

 

[nomore4s]

Hi Kevin/Faramir (and everyone) - I just want to say that firstly, I am new to this business also, but have done a lot of reading prep, trawling libraries and the net, and this year I have the time to take it to the next step. Kevin, I want to say "Good and happy trading" and I hope that it all works for you (for us!)

The massive amount of reading that I have done makes me think that I won't have to fork out megabucks for a mentoring course (whoops, there goes the trading account!) - it also makes me think that Springhill has some very good points to take in - for me and for you. So....."what he said" !!!

I certainly have the feeling that I don't need to rush (tho my 30day free trial with Amibroker may have been downloaded to soon for me to get full benefit) - but the market isn't going to go away. So....softly softly (but knowing when the time is starting to turn into procrastination!)
Again, good and happy trading to you (and everyone)
Kind regards,
Sue

Welcome to the forum to all the new posters.

The advice I wish I had been given and followed before putting a cent into the market was:

• Know what you want to achieve out of the market and have a solid plan to help achieve your goals.
  - Do you want to invest or trade?
  - What return are you looking for over what timeframe?
  - Understand the methods needed to be successful and the risks associated with the way you plan to trade/invest.
  - Have a solid understanding of how you will react to a bad entry price and what actions you will take when this does happen.
  - Take your time.

And most importantly understanding the market is the key to being successful. Knowing when to put money into the market and when to sit on the sidelines or change your methods is extremely important and an underestimated part of trading/investing imo.

Good luck

 

[CashflowOz]

Hi all,

My name is Dwight and i've been trading on and off for about 10 years.
The times I've actually made a profit have been when I've stuck to the very basics and used a bit of common sense.
ie. bought when the market was going up and then sold!

I have tried other more exotic strategies but have failed each time - eg basic options trading, Spreads, Covered Calls etc. I find these strategies require a lot more time and ought to be approached warily. I haven't given up entirely and will post accordingly if I find somehting that actually works for me.

Cheers.