Lucy

[lucyrose]

Hi all,
I am new here,
What a great forum.To read about peoples real investing experiences, ideas and knowledge is great. I have tried reading the how to books, but I just get bored and am too lazy to plough through them.

I started putting my hard earned into shares about a year and a half ago when a colleague at work gave me a "hot tip". It was Timbercorp (TIM). I bought $2000 worth and have done very well from them. Since then I have invested around 21k, with the portfolio now worth around 28k. All this has been done with mostly blind luck.I have bought some real turkeys and some gems ( Caltex @ 7.50) I read the financial pages when I can and just seem to trade on whims and feelings.
Well, I think it's time I got my act together, now that the market looks like heading south for a while. I really don't know where to go from here.
I would like to ask what forumites think of those news/advice letters like the Rivkin Report, Aspect Huntley ect. Are they worth the subscription money, if so, can anybody reccomend one.
I look forward to participating in this forum and hope I can contribute in some useful way in the future.

By for now
lucy

 

[RichKid]

Welcome to the forums Lucy! I found this old thread on tipsheets using the search tool in the toolbar at the top of each page, you might find it useful: https://www.aussiestockforums.com/forums/showthread.php?t=253&highlight=tipsheets

Feel free to add to that thread if you need further info.

There has been a lot of discussion in the Beginners forum about books to read and starting out. Perhaps a few days browsing through old posts will help. Remember the market punishes the ill prepared, as I have found out, so be careful and put the effort in. It takes time to learn but it's worth it.

Good luck!

 

[ghotib]

Hi Lucy Welcome Aboard.

TIM is one of my best early purchases too. I came across it by accident, but I put quite a bit of research into it and bought it before I knew it was being tipped, so I'm quite smug about it

I think you're very sensible to recognise that trusting to whims and feelings is not a winning strategy. FWIW, I don't think trusting to any of the commercial newsletters or tipsheets is a winning strategy either: even if you follow every recommendation guru makes still have to choose your guru, and that means you need some way to assess them.

Do you have any reason to think that newsletters would be less tedious to plough through than books?

One thing you could be doing is keeping a trading diary and trying to analyse your own results. You said you'd bought some gems and some turkeys; what guidelines can you find in those experiences? Maybe you can write your own book (and of course make a fortune when we all buy it).

Good luck,

Ghoti

 

[lucyrose]

Hi,
Ghotib, thanks for your suggestions.
The reason I was interested in tip sheets is that they are up to date and may offer some guidance for a relative novice like myself. There is a bewildering amount of information available to the investor. In fact, you can find directly opposing views on any market topic you happen to research.

Richkid,
once I started reading thru old posts on this forum it's hard to stop.The knowledge bank in this cyber libary (hey, I just invented that term) is incredible. But I am determined to learn this game ( sometimes I think It is similar to gambling on the GG"s)
I have done a lot of property investing over the years and had a fair amount of sucssess. One major difference between Property investing and share investing is the speed of the market place. With property I might spend months looking at an area and then buy with long term aims given the (relatively slow) pace of movement, and the entry and exit costs.

With shares, it moves up and down daily and and has so many more factors impacting on your investment.I can come home from work, log on to my portfolio and discover I have just lost more from my shares than I made in my job.
Bye,
Lucy

 

[The Barbarian Investor]

Hi Lucy..

there are a fair few of us beginners here and many people in both property and shares.

the forum gets heated at times and some ramping does occur but i'm finding it to be a weatlth of knowledge for myself anyway..

welcome to the forum

 

[tech/a]

But I am determined to learn this game ( sometimes I think It is similar to gambling on the GG"s)

"If you look at it from the bookies veiw point then you might not be far wrong."

I have done a lot of property investing over the years and had a fair amount of sucssess. One major difference between Property investing and share investing is the speed of the market place. With property I might spend months looking at an area and then buy with long term aims given the (relatively slow) pace of movement, and the entry and exit costs.

With shares, it moves up and down daily and and has so many more factors impacting on your investment.

This doesnt need to be the case.With short timeframes you do get caught in the daily"Noise" of the market but with longer term trading (Some I hold Ive had now for 2 yrs) are very similar to holding property during a rising market(Just wish I had as much invested in these as I do in property!!) After all why sell a stock thats been rising week in week out just to attempt to find another that will do exactly the same?

Tech