Young, retired, and wanting some advice!

[Fangblade1]

IF it breaks the channel. If not, the RSI divergence just might be a signalling a pullback within the bigger channel to around $800. Or if the small channel does break, the move, might be stopped by the upper band of the big channel. The decision to pull the trigger or not will depend on your investment time frame.


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Thats a good example of how two people can read the same chart differently.


I see monthly XJO struggling at 50% retracement, many here will say Gann and Fibonacci are rubbish. But different views is what makes the markets move, without them there would not be a market.


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On TLS monthly I see strong resistance at the psychological $5 which just happens to be near a Fibb level, and an overbought RSI (for the first time in over 13 years). Doesnt mean it would kill the current trend though. There are so many ways to view the data and as sure as night follows day there will be both buyers and sellers next week, each with their own view.

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My 2c advice, learn to read charts, use a time frame that suits your objectives and use them to supplement your fundamental views.

Jesus christ!!! my eyes!! its burning!!.. dude I have no idea what is going on in those charts ( I am a noob) I wish I could read charts like a book....

 

[baby_swallow]

IF it breaks the channel. .....
...

"I see monthly XJO struggling at 50% retracement, many here will say Gann and Fibonacci are rubbish. But different views is what makes the markets move, without them there would not be a market."
.....

Agreed.
Without them, there wouldn't be a fodder for daytraders.......the institutional daytraders (The "Big Boyz").

 

[MARKETWINNER]

Best advice that I can give here is: We should invest in business that we know very well. Learn as much as possible.

You have done very well in you real state investments where others have failed. My congratulations. I can remember how financial institutions either became bankrupt or went into receiverships globally including New Zealand due to exposure to property investment. Many lost their hard earn money form 2008 onwards. Some lost their houses; some lost their retirement earnings due to over exposure to property.

When compare with other western countries such as USA and UK,housing market in New Zealand and Australia didn’t collapse this time.

Any investment there will be risk and return. At different times different stocks, commodities and assets can go up and down. Even during great depression there were demands for some products.When we see bull market in some countries we will see bear markets in some countries. When bull markets become bearish markets some bear markets will become bullish market. If I am correct In Iceland when they had financial crisis their fish sector did very well.

Sector hunting is a must in an ever changing investment world. Some sectors can benefit lot in the coming years and some sectors will underperform.

Always there will be opportunities for intelligent market players somewhere.

Best of luck

My ideas are not a recommendation to either buy or sell any security or currency. Please do your own research prior to making any investment decisions

 

[tigerboi]

what was the name of your real estate business in Canberra, mate of mine

owns a century 21 & does ok...tb

thx in advance...tb

 

[Sir Osisofliver]

OK YougNomad,

Here's my two cents.

1) Read the thread that's in my signature. Have fun. Ask questions.
2) You obviously had a plan for your residential property to become successful. Do you have a plan for your share investing? Without a plan, you plan to fail, so this is your first and most important step. (and not an easy one)
3) A large percentage of people only learn by doing. If this is you, you definitely need to start small.
4) You'll hopefully come to realize that there is a time to buy each asset class....and a bloody great time to buy each asset class and that these generally do not occur at the same time.
5) Most financial planners are salespeople first. Here's a simple general rule - the more people between you and the asset that earns the money and grows in value - the less you receive. This is true regardless of the asset. I personally do not like managed funds because of this reason - and know that it is the go to place for almost every financial planner you meet. I'm also aware that most do not have my level of skill to manage things themselves, so be aware to take advice - and not give away control.
6) Know you are on a journey, and only at the start. You will learn, grow, fail and become frustrated. It takes 10,000 hours to become an expert at anything and you will get out of this what you put in.


Cheers

Sir O