Australian (ASX) Stock Market Forum

Your thoughts?

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Just one question - in terms of banks, out of the big four - is there any one that performs 'better' than the others? Is there a particular one I should keep an eye on? And yes, BHP looks great.
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Good grief!! :banghead::banghead::banghead::banghead:

brty
 
Trembling Hand said:
They never learn do they?:( blind leading the blind :cool:
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I have tears streaming down my face on this one ! :D Followed up by "I am legally blind etc" ROFLMFAO and then the coup de grâce with the BOLD capital response from tech/a ....... F*cken priceless ..... you can't even write a comedy sketch this good !! Other than the dead parrot skit. PMSL
 
coffee_snob said:
Thanks to everyone for your replies. In particular Julia. I am legally blind so it has taken me a LONG time to get through my studies (seven yrs) and its been a very frustrating road. I don't agree that sitting on a pension is a good idea unless you have absolutely no ability to work. In saying this though, its very hard to find work if you have a disability and have no experience or qualification so some people have no choice in the matter (which is why i have not been able to gain part time employment while I study).

I will save up some more dosh and go from there. I do have a bit of money coming my way from a term deposit I set up some time ago so this will help. In the meantime I will keep a watch on the market and my potential future shares. Just one question - in terms of banks, out of the big four - is there any one that performs 'better' than the others? Is there a particular one I should keep an eye on? And yes, BHP looks great.

This forum is a great resource so thank you all for your support. I particularly enjoy the thread about your top three holdings and why.
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Hi coffee_snob, I can relate to your dissability, having lost one eye and periodically had problems with the other and a relative with albinism who is legally blind, so I'd keep aware of the dissadvantages and spend some time studying some Fundamental and Technical Analysis before entering the market and decide your stratergy ie whether to invest, or trade and what tools you need to do that effectively.

By way of example, the market has been in uptrend for some time, but some of us are expecting a correction anytime now. Some believe we have come off recent highs and are in the process of going much lower. I personally think it will be a smaller correction of a continuing rising market.

Since you appear to be wanting to invest long, you need to pick you entry well, otherwise for example, if you enter now and the market corrects even only a minor correction you could face substantial losses as opposed to waiting a few weeks or months and coming to an informed judgement with some fundamental and or technical skills and a considered stratergy.
 
I'd invest the 2k. If you know very little you would be stupid to start with $100k. As others have said if you have any debts like HECS pay that first otherwise use the 2k to learn about the ASX. Take a pick of 5 blue chips compare them and invest in one. In 3 years the 2k will be somewhere in the 1-3.5k vicinity but more importanly you will learn why. e.g Pick NAB, ANZ, CBA, BHP, WOW & TLS. Compare and choose one.

The education received from it being your own money will be worth more than a semester at uni - and probably chepaer too.

Ditto the others, this is not financial advise as I am not licensed to provide financial advice.
 
2k is 2k ..... gotta start somewhere I spose. I'm with Julia on this one. Go and get a nice 7% per annum with a bank. At least you know the capital will remain after a period of time. :2twocents
 
trainspotter said:
2k is 2k ..... gotta start somewhere I spose. I'm with Julia on this one. Go and get a nice 7% per annum with a bank. At least you know the capital will remain after a period of time. :2twocents
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I believe that you can only get a 7% return on large sums of money that are put away for large amounts of time. I'd want a place that has an actual branch in my area so not ING or citibank or anything like that. From what I have found most places don't offer such a high interest rate for only 2 grand
 
Someone mentioned managed funds before...On Commsec I see they offer 'share packs' I have never considered it but out of curisotiy, any good?

N.T
 
coffee_snob said:
Yes I can afford to lose it - this is spare many set aside from my savings.
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Well then ........... Nothing ventured ......Nothing gained ............ the down side is ...Its gunna cost you 2k or less to get a lesson on the markeet . IF you are willing to learn things 2k will be an invaluable lesson for a later date when one maybe higher prepared on a financial basis.

whatsa the worse that can happen ? .lose ya 2k on a lesson or perhaps get lucky and catch a ride to the stars and build your capital base.

PERSONALLY on 2k i would be looking towards the smaller cap end of the market or LISTED options with LONG expiry dates .....

Plenty out there that got a future .plenty out there that will rob you in the blink of an eye.

i DO suggest a good long read up on various threads here that deal with longer term position trading and ESPEECIALLY read up on some penny dreadful threads and see how they operate ( pump and dumps..spikes ....strategys major losses , being stck in a stock etc etc ).

ME PERSONALLY with 2k would be of the mind of only holding the one stock as the % gains on smaller amounts will have to be too great to be viable

10% of 2 k is STILL 200 bucks folks ......plenny 10% movers and shakers if ones willing to pick trades carefully


anyhow your cash your desicion how to spend it ..


Just a different view if one is not too fussed on the 2k to begin there foray into the markets.


Its just a different rule book .......... different rule book for trading 20 million too.........
 
newbie trader said:
Someone mentioned managed funds before...On Commsec I see they offer 'share packs' I have never considered it but out of curisotiy, any good?

N.T
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I'd be interested to know people's experiences with this too. Have been reading about them. I believe the minimum investment is $4000 so I'd need to double my money before I considered it. But I am interested to know what people think of these packs. They are 'apparently' well researched etc.

Is comsec the only place that offers them?
 
What makes you think you are going to do better with shares? Most banks require 5k for term deposits. I think Westpac are offering 6% for 3 years for this amount. Esanda is offering 5.9% for 12 months for blocks of monies from 1k to 100k ....... that's not bad ! Or you could take the lot to the dishlickers one night and have a really red hot go at beating the bookies. And you get to have a bit of fun at the same time ! :D
 
nunthewiser said:
anyhow your cash your desicion how to spend it ..
.
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Nunthewiser

Thanks for your advice. I am already reading the threads here :) people's personal experiences are really valuable in learning but the only way I will really learn is by trying my hand at it all too. Staring small and losing small is IMO better than starting big and losing it all. That's my thought anyhow. And as someone said earlier we all have to start somewhere.

And yes, all my dosh will be going into one company. I don't believe I'd do much good spreading the cash between a few companies! its not like I have 20k to spend here - otherwise i'd consider it!
 
nunthewiser said:
P.s


this is not meant to be offensive or taking the piis but how are you reading all this anyways ?
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I don't mind questions at all, and I did not think you were trying to offend me so don't worry. I am not totally blind, I have some functional vision but not enough to drive etc etc. Also I use a screen magnifyer (which blows the font up on the screen magnificently) as well as sometimes a screen reader, which reads everything on the screen out loud.

SO life isn't too bad - there are ways and means. Although this technology costs a bomb which is why i have no money to invest :p
 
No worries ... Good luck in the markets.


Its either gunna smack you into realising it aint all white picket fences no matter what you read..... Or its gunna let you catch the ride to bigger and better strategys and profits.

personally guessing the first scenario but ya never know you might just get lucky enough to grow into more larger positions which WILL need to be managed correctly to keep them
 

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