Australian (ASX) Stock Market Forum

What are attractive prices?

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sounds good Jesse

now is the time to exit the index and invest in value stocks.

glad to see you are doing SIA. Why pay an expert for todays advice? Be educated as an expert and get free advice forever.

ignore all the comments about T/A, stop losses et al. Buffet uses none of that. Perhaps reading his book would be a good start?
 
Hi nizar

I can't give you an answer to
Bullmarket,

what success have u had by using this formula?
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In my original post you will see that my NPV test is only 1 of 4 that I do. I don't make buy/sell decisions based solely on NPV, but on the weighted average results of all 4 tests. The total score of the 4 tests has to be 70%+ for me to rate the company as a buy on fundamentals and returns valuations. You might recall I also look at the financial health of a company as 1 of the other 3 tests I do.

Also, please bear in mind that the NPV I calculate is the NPV of what I expect the total returns to be in the next 2 years (share price rise + dividends), assuming forcast EPS and DPS are met by the company. My NPV is NOT some sort of intrinsic value of the company. I hope you are not confusing the two concepts.

Re
What are your current holdings?
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I am retired now, and so with my No 1 objective being income, I am only invested in 'blue-chip' Listed Property and Listed Infrastructure/Energy trusts for their high yields. I still think XJO will trade mainly in the 4300-4900 range for at least the next 6 months, but buyers are very persistant in the market atm. Of the stocks you mention, WPL is the only one I follow reasonably closely and with everything else being equal and my gut feeling that oil prices will stay mainly in the $60-$70 range for at least the next 6 months I think most of the +ve expectations is now built into the WPL share price. I used to follow BIL, but since I haven't looked at their fundamentals for a while, I don't have an opinion on them atm.

cheers :)
 
money tree said:
ignore all the comments about T/A, stop losses et al. Buffet uses none of that. Perhaps reading his book would be a good start?
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And your a financial advisor!!

Jesse is no Warren Buffet and will likely never be in the position to make judgements like Buffet has and does.Nor will 99.999% of the population.

To emulate Buffet is similar to suggesting that people emulate Packer.

God help us if doing a course instantly makes one an expert!!

I'll guarentee neither Packer or Buffet were "Qualified".

To begin with Jesse is so undercapitalised anything suggested cannot be practically applied.
The biggest problem I see with Jesse's plan is how he gets to the point where he is capitalised and in the position to implement 90% of his well thought out plan!

Why pay for an expert?
Your an expert (supposedly) why pay for the likes of yourself?

An experienced expert will save you time,money, and be able to suggest to you things that you never thought of.
Those that have been there and done that will have a unique insight into "How" the theory is implemented.
Seekout experts who (1) Trade consistantly profitably,(2) If its housing advice from those who actually own property,better still trade it.
 
Hi again Jesse

Looks like the last few posts in this thread are starting to digress from your original thread starter post :)

From some of your posts you appear to have a plan in place for your investing/trading, wealth creation etc, which is a good start :). Being a 19 year old student I hope you consulted some qualified and experienced advice when putting your plan together.

I'm assuming your plan also takes into account investing options that should become available to you after you start permanent employment which hopefullly will give you addtional surplus funds each month or whatever to supplement the $100k investment capital you have now.

In the mean time I suppose if your aim, until you have permanent employment, is to minimise risk and costs of running your investments then steering away from direct property atm (unless of course you have the means to pay any loan interest and all the outgoings) is probably a good idea imo. Maybe consider just sticking to blue-chip stocks with your $100k atm (say the ASX100 or ASX50, but do your fundamental research even on these before acting) or blue-chip managed funds that are invested in various asset classes like Australian and overseas shares, property, bonds, fixed interest and cash etc to spread the risk.

Then after you have started permanent employment and hopefully have surplus funds generated each month, consider other options like direct property as a principle residence or investment property.

Good luck with however you decide to implement your plan :)

bullmarket
 
Hi,

Thanks to those with confidence in my ability

I'm am yet to consult with an 'expert', however I may get in touch with someone at ABN AMRO Morgans regarding my financial situation.

I actually applied for a job with ABN AMRO Morgans (junior position), their director Glen Mumford told me my application had merit, but they weren't looking for anybody. I even offered to work for free for 3 months! I've applied to all of the major retail stockbroker's in Sydney's CBD and all give the same response, 'your application has merit, but we're not looking for anybody'. The closest I came was with Ord Minnett, I got an interview for a mail room assistant position and then they said I was too 'advanced' for such a job!!!

Has anyone got any advice for me on getting a job???

Jesse Livermore

P.S. I'll catch Buffett one day :grinsking
 
Hi Jessie Livermore

Why not check out Rozella's thread and website? He posts his entries and exits to his trades when they occur, holds to his system in all market conditions, manages risk and makes consistent profits over a fairly short time frame. Maybe its a style that would suit you.

Always look for someone who talks the talk AND walks the walk.

Cheers
Happytrader
 
money tree said:
sounds good Jesse

ignore all the comments about T/A, stop losses et al. Buffet uses none of that. Perhaps reading his book would be a good start?
Click to expand...

I don't believe I quite read that comment above, I suppose we can all be Buffets its that easy is it, just read a book. I suppose moneytree you have never made a bad trade and never had to use a stop loss you always find the value company. I hope Jesse you can make your own decision, its your life your money. The advice above, not sure how qualified it is re T/A and stop losses seems quite unique.
 
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