Australian (ASX) Stock Market Forum

Questions from a stock market beginner

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newbie trader said:
I'm quite new to the share market and have heard many people I know rave about such things as the Eureka report and Rivkin report. They basically contend that they do the work for you and all you need to do is read the respective reports and pick a stock to buy. I took a look at them both and am really not sure whether it would be a waste of money subscribing to one as i'm confident that I can do the research myself, however, would they be useful to corroborate my findings? Do they infact relieve you of having to do your own research (i've never personally been a fan of letting others do important thing for me as i find you get better outcomes by doing things yourself)?

If anyone has subscribed to these types of reports or if you have some knowledge of them then your input would be greatly appreciated.

N.T
Click to expand...

This will be a great insights for new starters, As an additional information on our own research.
I am happy to register with aussiestockforums,
These are collections of data and strategy on Forex world,
Sharing is the best part of learning.
 
Hi all,

Just a quick question on if it was possible to see insider activity on certain shares. For example, if i wanted to see if there are any directors or executives in bhp buying or selling bhp shares, is there possible way to see this ? if so, could anyone kindly point me in the right direction ?

Thanks
 
johnnyhuynh21 said:
Hi all,

Just a quick question on if it was possible to see insider activity on certain shares. For example, if i wanted to see if there are any directors or executives in bhp buying or selling bhp shares, is there possible way to see this ? if so, could anyone kindly point me in the right direction ?

Thanks
Click to expand...

You just check the announcements. There will be "Change in Director's Interest" announcements. This will include companies/family trusts etc that the director has an indirect interest in.

You can't really tell if employees are insider trading though unless it's being done in huge and very noticeable volumes.
 
johnnyhuynh21 said:
Hi all,

Just a quick question on if it was possible to see insider activity on certain shares. For example, if i wanted to see if there are any directors or executives in bhp buying or selling bhp shares, is there possible way to see this ? if so, could anyone kindly point me in the right direction ?

Thanks
Click to expand...

If you search on stock exchange websites you should be able to find out about insider buying and selling.

If it is Australian stocks another option to find out is to click on the following link. On that link you can find out from company announcement.

http://www.asx.com.au
 
Re: Beginner Questions

blaz0430 said:
haha thanks guys, when tax aspect of things comes into trading shares, How does it work??
Click to expand...


Good place to start is the "Search" or "Advanced Search" function, near the top right of screen. Just type in whatever you're looking for. Plenty of info on just about everything.

ps. If you're paying tax on your share trading, you are probably going ok;):cool:
 

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Re: Beginner Questions

blaz0430 said:
haha thanks guys, when tax aspect of things comes into trading shares, How does it work??
Click to expand...

Most important thing about tax is that you pay it.
The taxman is the only one who can put you in gaol without a trial.

Second most important thing about tax is that you only pay tax if you win.
So you gotta luv tax and pay as much as possible.


Decide if you are trading, as opposed to Value Investing.

Never decide to sell or hold on the basis of your tax position.
Decide based on your profit position.
Put the money aside to pay tax.
It's called provisioning!

Learn as much as you can about Capital Gains Tax.
It's not rocket science but there are nuances.
The tax office has a website.
You can phone, write or visit their office.
The taxman is a very nice person until you break the law.
 
Hi all,

just seeking a little bit of help in regards to finding information. I am currently trying to develop my own manual stock screener for the health care industry and was hoping to find all the average statistics for the industry. I thought i could do this on yahoo finance but it does not seem to have it. Just all the important ratios for performing fundamental analysis and any other relevant numbers stats.

Could anyone please point me in the right direction ?

Much appreciated,
 
Hi all,

I have a dumb question. I have been asked to sell shares owned by an elderly relative. I have worked out that the shares are in an ASX listed company. Is it possible to sell the shares back to the Company directly or do I have to engage a broker to sell the shares?
 
Raksaksa said:
Hi all,

I have a dumb question. I have been asked to sell shares owned by an elderly relative. I have worked out that the shares are in an ASX listed company. Is it possible to sell the shares back to the Company directly or do I have to engage a broker to sell the shares?
Click to expand...

You have to sell the shares on the market. The company will not buy them. So you will need a broker.
 
Raksaksa said:
Hi all,

I have a dumb question. I have been asked to sell shares owned by an elderly relative. I have worked out that the shares are in an ASX listed company. Is it possible to sell the shares back to the Company directly or do I have to engage a broker to sell the shares?
Click to expand...

No dumb questions in the Beginner's Lounge!

Did the relative have a broker and/or documents?
Might be helpful if said relative has some documents.
 
burglar said:
No dumb questions in the Beginner's Lounge!

Did the relative have a broker and/or documents?
Might be helpful if said relative has some documents.
Click to expand...

If you have been asked to sell stock on behalf of relative
There are 2 ways to go about it..

1. You will have to have the relative assign you as a 3rd party to their account. So the broker can take instructions from you. This is easy to do and requires 100 points of ID etc..
or
2. Open an account in your name and off market transfer the stock to be sold, and this will require the relative to sigh off on the transfer and pay any relevant tax on any profit. This invokes a change in beneficial ownership to you.
 
So over the past few weeks I have become extremely interested in shares. I have researched pretty much everything and decided that I would like to invest using fundamental, buying and selling the companies I select by using technical analysis. So my questions are:

Best place to find a good stock screener:
Best place to find good charting software:
Any other good stuff can be website or software that do things like news updates, watch lists, alerts etc.
I would like for these services to be free please as I am just starting out.

Another question I have is best way to diversify my stock portfolio

All long term investments? Long term investments with some short term? Long term growth/value investments with a combination of some good dividend shares and some day trading? Or something else because all of these ideas I've just been throwing around.

Thank you in advance!
 

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