Wysiwyg
Everyone wants money
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Would be good to get some feedback from Damien but if he has flown the coop then the experiences imparted to him have been valuable regardless.
Young Person
- Thread starter damien275x
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lol, exactly why I didn't post.
If a trader really wants to dig his heels in and do the time it really takes, no age is too late. Stumbling accross ASF or any golden wealth of information early won't mean a thing if you don't make it work for you. Seeing threads like this one really make me want to yawwwwwwwnnnnnnnnnnnn.
It's like stumbling accross a Schapelle Corby thread which demolishes as far as interest, plenty of legit trading threads on this forum, where you have internet randoms debating her innocence or guilt. If you think she got hard done by, make a difference, sign a petition at the very least and if you think she is guilty and deserves her time, then shut the hell up and live your own life, yawwnnnnnnnnnnnnn.
Rant rant.
lol --- u hate it when the markets aint open dont ya Mirc ---- u made me grin anyway
crack open a Carlton and enjoy the arvo --- i bet that what Damien is doing :alcohol:
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lol --- u hate it when the markets aint open dont ya Mirc ---- u made me grin anyway
crack open a Carlton and enjoy the arvo --- i bet that what Damien is doing :alcohol:
lol, na, I actually enjoy my weekends away from the markets.
This thread just reminded me of that 'what would you ban' thread.
As for the Carlton, had too many beers over the last couple weeks, but it's a nice thought!
As for the Carlton, had too many beers over the last couple weeks, but it's a nice thought!
no probs --- i'll have a couple for ya
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Spend a great deal of time reading and learning first (I spent about 18 months doing this before I made my first investment. The stock market will be here for ever, there is always going to be a time to invest).
Books I thought were good,
*Intelligent Investor
*One up on Wall Street
*Making of an American Capailist
*Common Stocks Uncommon profits
*Buffett partnership & BK letters
*Ben Graham lectures, you can find them on google. Think their called the undiscovered Benjamin Graham, or something like that.
And you need to decide if you want to be an investor or a trader. I invest and look out with a 3 - 5 yr. view, trading is too much work (for me anyway) and you can make money quite easily if your investing with the medium - long term view. As long as your in great companies of course. That's just my view though.
I'm 16 now and doing well, I think it's good to get off to a start when your young. Learn your lessons before everyone else with small amount of capital. You might even be able to build up a good track record as well.
All the best!
Books I thought were good,
*Intelligent Investor
*One up on Wall Street
*Making of an American Capailist
*Common Stocks Uncommon profits
*Buffett partnership & BK letters
*Ben Graham lectures, you can find them on google. Think their called the undiscovered Benjamin Graham, or something like that.
And you need to decide if you want to be an investor or a trader. I invest and look out with a 3 - 5 yr. view, trading is too much work (for me anyway) and you can make money quite easily if your investing with the medium - long term view. As long as your in great companies of course. That's just my view though.
I'm 16 now and doing well, I think it's good to get off to a start when your young. Learn your lessons before everyone else with small amount of capital. You might even be able to build up a good track record as well.
All the best!
Julia
In Memoriam
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16 huh! Fantastic. Good for you, wonderrman.I'm 16 now and doing well, I think it's good to get off to a start when your young. Learn your lessons before everyone else with small amount of capital. You might even be able to build up a good track record as well.
All the best!
Is your interest and foresight shared by your friends/school/workmates?
Wysiwyg
Everyone wants money
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At 16 years of age I was still comprehending "What`s Happening To Me" .
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My business teacher is really interested in it and invests a lot. I did the share market game in class. Then she pushed me in the right direction and got me some work experience placement with a stock broker. It kicked off my interest I guess and since then I've just kept trying to learn as much as I can.
I don't really talk about it with mates or anything, I keep it separate from social life as obviously its not usually what other 16 year old are interested in. I take it as a hobby, I might spend half an hour to an hour in the evening if I have some spare time after sport commitments, homework and seeing friends to catch up on the markets and read and educate.
Family are supportive, but don't really know anything about the market. 5 members of the family put $2K each into a sorta 'fund' I guess at the start of September though which was good of them. I've done all right compared to the market in this short a time frame, up 13%.
cheers.
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Good on you,
Some of the books you have chosen will give solid understanding of how the market behaves, especially B. Graham’s teachings, just the right sort of background to take advantage of this once in a generation opportunity that the Mr. Market (sorry, thought I throw that in) has handed to the careful and patient investor.
All the best.
Some of the books you have chosen will give solid understanding of how the market behaves, especially B. Graham’s teachings, just the right sort of background to take advantage of this once in a generation opportunity that the Mr. Market (sorry, thought I throw that in) has handed to the careful and patient investor.
All the best.
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With the way things are at the moment I recommend you simply keep your money in a bank savings account.
Be careful about buying stocks now. Many people say that stocks must go up if they go down, but how do we know the stocks won't just continue to go down?
Be careful about buying stocks now. Many people say that stocks must go up if they go down, but how do we know the stocks won't just continue to go down?
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We'll you can't can you? No one can forecast what is going to happen to the market. No one can see into the future. I've taught myself not to listen to people's so called "market forecasts". Half the time, or most the time the market is simply a guessing game. The person who takes the best guess wins.
What I think I do know is that people will buy again and people will spend again. Apparently the world was meant to end in the Great Depression, then in the 70's, and again in 2000. We continue to live and markets continue to make some people really rich and some really poor. Things will get better, eventually, it just a matter of time. Could be 1 year, 10 yr's or 20 yr's like Japan.
But eventually it is all about people spending their hard earned dollar! This turns into company revenues and profits.
You look at the cash rate as well in Aus and it is surely going to come down a lot. It is at about 5% now, you would think it would go down to 2 - 3% within the next few months because of interest rates (ours are 4%, UK is 1% and the US is 0%. We've still got along way to go if you believe our economy will drop as much as the US&UK) and other government factors. Then you have to factor in inflation (you would say inflation would run at 3% minimum because of all this money creation) and then the hit from the tax man. Cash would probably give you a negative return with in the next few years.
Now look at the stock market. Current yield is 8.7%, I'm going to be really conservative and say that yields are going to be halved to 4% which includes inflation. That is saying that basically company profits are going to half by 50%. You all ready have a positive return without any change to the company's stock price. Stocks will win unless you believe the market is going to go even more spastic. It is common sense. Cash is not king anymore and the argument against equity investment is not logical, unless you believe in a complete melt down.
Now the last thing you would have to discuss is timing, which I have no idea about. In the end history will tell you that market's run in cycles, and I guess this is no different.
You could talk about this for ages but I have to head to work so I'll leave with that and might write more latter.
Wysiwyg
Everyone wants money
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Surely the steep rise in the All Ordinaries in combination with American sub-prime mortgage defaults and the ensuing credit restriction were all `signs` of what will happen next.
Most of us suffer due to the self denial that it`s actually happening.
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Yes they were signs, not forecasts. What you wrote were facts backed up by stats and evidence. A forecast is someone coming out and giving a prediction with no meaningful explanation that is supported by evidence or statistics or fact. Like when stockbrokers come up and say in 2009 the market will rise by 25%, or Woolworths profit will rise 11% in 2009 and 14% in 2010. How can they know what is going to happen in 2010? How can the stockbroker know that the All Ords is going to rise 25%. They can't get there head around the 500 or so companies that make up the index. It is a prediction thats worth less. Most forecasts are don't you think?
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20 years on and the Nikkei is down 500% from it's highs?
Be careful about long-term holdiings, that is all I can say. The cliche that the market always goes up, is just not true.
Wonderman, Spanning Tree was talking about the moment not the next few years. In times like these it's about small gains and minimising losses. I'm sensing you claim we've seen the bottom. Each to their own
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No I have no idea if we have seen the bottom or not. I don't have much money to play with but I have 35% stocks and 65% in cash. I put the 35% in the market back in Nov when the index was 3300 or there abouts. Obviously portfolio is very concentrated. It is important to also say that I'm judging companies on their individual merits. There is one company out there with no debt, a **** load of cash and is absolutely dominant in their market place but has been priced down like crazy. My estimate at value puts it anywhere from $18 to $22. These are the things I want to invest in. Discipline is very important I think and I have strict criteria that I like to follow.
Yes and no. I have mostly cash and hold two stocks.
this is not meant to be derogatory or smart ar#e or anything really ---- but if u r 16 --- i am 65 !!!! ----
u r way to smart to be 16 !!!! ----- and if u happen to be 16 --- good luck to ya ---- (but I doubt that
Wysiwyg
Everyone wants money
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this is not meant to be derogatory or smart ar#e or anything really ---- but if u r 16 --- i am 65 !!!! ----
u r way to smart to be 16 !!!! ----- and if u happen to be 16 --- good luck to ya ---- (but I doubt that
Prolly saw the `young person` thread and thought to stretch it a bit.
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