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Chaka1988

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Hey guys

I am planning to invest around $1500 initially just to learn how all of this goes. How can I know what to invest on?

Cheers
 
Keep watching, asking questions and reading.

Stay on the sidelines until you have some confidence.

It aint easy as you will no doubt discover
 
Chaka1988 said:
I dont really understand all the concept of stock marketing...
Click to expand...

Well then start searching around this site. Spend a year or two reading and that should go some way towards you not losing your money straight away.

If you dont understand it why do you want to invest?
 
If 1500 hundred is all you have to start, than the first rule for you should be not to lose it.
There are some share market contests that you could start out with. That way you are not losing any of your own money.
Once you are sure you want to lose all you money than go ahead and start trading, otherwise go get an index or managed fund.
Someone is going to slag me of for that last comment i'm sure:)

There is a very good thread on this site for newbie's. I suggest you read it and than re-read it before you gamble any of your money away.

Best

G
 
Gordon Gekko said:
If 1500 hundred is all you have to start, than the first rule for you should be not to lose it.
There are some share market contests that you could start out with. That way you are not losing any of your own money.
Once you are sure you want to lose all you money than go ahead and start trading, otherwise go get an index or managed fund.
Someone is going to slag me of for that last comment i'm sure:)

There is a very good thread on this site for newbie's. I suggest you read it and than re-read it before you gamble any of your money away.

Best

G
Click to expand...

what is index fund? I have heard that managed fund is useless...
Any advises for a good managed fund? how does it work?
 
Do a search on this site for Index funds or STW, or just google managed funds vs index funds. That should get you started.
But thats not advice from me so do your own research and look for the newbie thread.

G
 
Since you have no idea how the market works, go to the ASX website, www.asx.com.au, and read through all of their Education section.

I can't believe you'd start parting with even such a small amount when you have no clue about anything!
 
I have read it. but still I dont know what to invest on...
Im interested on a long tern investment with relatively low risk- ie. I will not lose more than 30% of my investment.
 
just to learn how all of this goes
Click to expand...

You don't need to spend a cent to learn how it works. The internet has a wealth of resources for you. As Gordon Gekko suggested, google can be a great help.

How can I know what to invest on?
Click to expand...

That is your choice. You invest in what makes you money, but it is up to you to decide where that will be.

with relatively low risk- ie. I will not lose more than 30% of my investment.
Click to expand...

Then only use 30% of your funds or quit when you drop 30%. The type of investment doesn't really matter, as risk is decided by you and not the type of investment.
 
Mr J said:
You don't need to spend a cent to learn how it works. The internet has a wealth of resources for you. As Gordon Gekko suggested, google can be a great help.



That is your choice. You invest in what makes you money, but it is up to you to decide where that will be.



Then only use 30% of your funds or quit when you drop 30%. The type of investment doesn't really matter, as risk is decided by you and not the type of investment.
Click to expand...


I have heard that government supported companies are considered to be relatively at lower risk of losing your money. isnt it?
 
Hi Chaka

I can see your problem, but you have to admit that investing $1500 will not make you big profit.
If you purchase your stock you have to consider brokers fees on purchase and sale of the stock. Then you have to calculate how much stock have to go up in price before you make any profit (after the fees).
This may take a while.
I say, save you money (for some investment stock) and as suggested before me start investigate.
The information has to come from some source - news papers, ASX website, and internet (yahoo finance - you have access to prices and charts there).

Maybe some good book on charting or investing and then you can combine the information together and then decide to put your money in the right place.
 
Medici said:
Hi Chaka

I can see your problem, but you have to admit that investing $1500 will not make you big profit.
If you purchase your stock you have to consider brokers fees on purchase and sale of the stock. Then you have to calculate how much stock have to go up in price before you make any profit (after the fees).
This may take a while.
I say, save you money (for some investment stock) and as suggested before me start investigate.
The information has to come from some source - news papers, ASX website, and internet (yahoo finance - you have access to prices and charts there).

Maybe some good book on charting or investing and then you can combine the information together and then decide to put your money in the right place.
Click to expand...

thanks for your help.
What do you think about Forex? especially about the live trading rooms? it costs around $9000 to join it. does it worth it?
 
Chaka, i am not trading FOREX and no pr in this area, but before spending your retirement money, have look on the internet for FOREX trading.

I know that you can get some free software (similar to game trading) and you can tray trade FOREX for free, $9000 it is a lot of money to give someone as a joining fee.
I say do your research first.

Why FOREX ? You could get a good BHP stock today for $9000 and it will be good return on investment (i hope :) )
 
Medici said:
Chaka, i am not trading FOREX and no pr in this area, but before spending your retirement money, have look on the internet for FOREX trading.

I know that you can get some free software (similar to game trading) and you can tray trade FOREX for free, $9000 it is a lot of money to give someone as a joining fee.
I say do your research first.

Why FOREX ? You could get a good BHP stock today for $9000 and it will be good return on investment (i hope :) )
Click to expand...

I have tried to research on stock market trading but it is too complicated and risky.
On the other hand, forex seems to be less risky. Please check this site: http://www.stockexinsider.com.au/currency_results.htm

You can make a much higher profit with live trading forex and you dont have to have any knowledge with it. The experts will guide you what to purchase.
 
I hope that you are right Chaka.

Would love to see your experience later on if possible ( i may change my trading direction :) )
 
I need some1 to give feedback about live trading rooms first. I cant just go blinded for this offer and spend this amount of money. :(
 

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