Getting going - Starting in shares with 20k
- Thread starter Dollarman
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Re: Getting going
I suggest the Sam76 retirement fund.
Pays great dividends and has awesome long-term potential...
Apart from that, if you don't have much experience with the stock market, I would suggest blue chip shares.
EG. major miners and banks
I suggest the Sam76 retirement fund.
Pays great dividends and has awesome long-term potential...
Apart from that, if you don't have much experience with the stock market, I would suggest blue chip shares.
EG. major miners and banks
Julia
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Re: Getting going
Well, now, the Sam76 Retirement Fund sounds like a wonderful, never to be repeated opportunity. All it needs is a glossy prospectus, lots of promises, minimal historical success, and we'll go rushing for it.
Shall we send you our cheques now, Sam?
Cheers
Julia
sam76 said:I suggest the Sam76 retirement fund.
Pays great dividends and has awesome long-term potential...
Apart from that, if you don't have much experience with the stock market, I would suggest blue chip shares.
EG. major miners and banks
Well, now, the Sam76 Retirement Fund sounds like a wonderful, never to be repeated opportunity. All it needs is a glossy prospectus, lots of promises, minimal historical success, and we'll go rushing for it.
Shall we send you our cheques now, Sam?
Cheers
Julia
Julia
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Re: Getting going
Essentially agree with Sam (with the possible exception of his supadupa Sam76 fund).
I'd probably add Woolworths and another staple like Westfield Group.
In the event of a downturn Unitab (or any good gambling stock) will do OK as people seek to get rich without effort or planning.
If it were my $20K I'd go for $5000 each into ANZ, BHP, RIN, and MBL, obviously waiting for a dip to buy in. Others will disagree.
Other choices??
Julia
Dollarman said:assume $20k--into what shares to invest: :
Essentially agree with Sam (with the possible exception of his supadupa Sam76 fund).
I'd probably add Woolworths and another staple like Westfield Group.
In the event of a downturn Unitab (or any good gambling stock) will do OK as people seek to get rich without effort or planning.
If it were my $20K I'd go for $5000 each into ANZ, BHP, RIN, and MBL, obviously waiting for a dip to buy in. Others will disagree.
Other choices??
Julia
tech/a
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Re: Getting going
Julia, with a fantastic spruik like that, would like to handle the marketing for me? :
Julia said:
Julia, with a fantastic spruik like that, would like to handle the marketing for me?
:
tech/a
No Ordinary Duck
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Re: Getting going
nizar.
There are a number of entry points.
Some much better timed than others.
My timing in this trade was less than perfect however I still took it due to emotion that has been shown and I expect to continue today.
But Ideally in this chart from the breakouts shown or pullbacks.
Right at this point buying in my veiw is to late as with a spike like friday it may range within the range of that spike before going again.
To get set on this either a pullback or a breakout after consolidation would be my veiw.
nizar.
There are a number of entry points.
Some much better timed than others.
My timing in this trade was less than perfect however I still took it due to emotion that has been shown and I expect to continue today.
But Ideally in this chart from the breakouts shown or pullbacks.
Right at this point buying in my veiw is to late as with a spike like friday it may range within the range of that spike before going again.
To get set on this either a pullback or a breakout after consolidation would be my veiw.
Julia
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Re: Getting going
Would be a pleasure, Sam, for an equal share in the fees you extract from all your investors.
Julia
sam76 said:Julia, with a fantastic spruik like that, would like to handle the marketing for me?
Would be a pleasure, Sam, for an equal share in the fees you extract from all your investors.
Julia
RichKid
PlanYourTrade > TradeYourPlan
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Re: Getting going- Starting in shares with 20k
Some relevant discussion here Dollarman, also browse the Beginners Forum for similar threads: https://www.aussiestockforums.com/forums/showthread.php?t=1867&highlight=20kDollarman said:assume $20k--into what shares to invest: :
Re: Getting going- Starting in shares with 20k
When I started out trading, it was a case of what do i need to learn to become a sucessful trader ?
Since then I have tried to study as much about trading as possible.
I have had my head into fibonacci / gann / elliot waves / gartley / fundamentals and so on and so on.
Try to learn basic chart patterns "even if you plan on useing help like theinsidetrader.com.au or rivkin or ???"
But the #1 thing you will need to control is the emotional attachment to your money and you can only do this through education and experience.
I would seek out help, there are a number of internet based resources out there like previously mentioned "hotcopper.com.au" also comes to mind.
$20K can vanish in the market in a heartbeat.
Go with the flow,
PS: I allways look at the long term chart "as much data as I can get, see what the general trend for that stock / sector is then find resistance / support areas then get down to the daily / intraday charts before I buy / sell anything.
And STILL have the emotional attachment thing now and then.
Good luck
When I started out trading, it was a case of what do i need to learn to become a sucessful trader ?
Since then I have tried to study as much about trading as possible.
I have had my head into fibonacci / gann / elliot waves / gartley / fundamentals and so on and so on.
Try to learn basic chart patterns "even if you plan on useing help like theinsidetrader.com.au or rivkin or ???"
But the #1 thing you will need to control is the emotional attachment to your money and you can only do this through education and experience.
I would seek out help, there are a number of internet based resources out there like previously mentioned "hotcopper.com.au" also comes to mind.
$20K can vanish in the market in a heartbeat.
Go with the flow,
PS: I allways look at the long term chart "as much data as I can get, see what the general trend for that stock / sector is then find resistance / support areas then get down to the daily / intraday charts before I buy / sell anything.
And STILL have the emotional attachment thing now and then.
Good luck
