so i was watching this dvd i burrowned from a friend and it said some stuff about the share/property markets and i was wondering if anyone here knows how i could get started into buying on said share market/finding out what i need to do this

anyone done this before or have any useful advice? thanks

/* sends out the superform signal

managed funds or index funds.

don't pick individual stocks unless you have the time and knowledge to spend doing it. even professionals f*** it up half the time.

speculation is for retards, particularly fx trading.

stay the hell away from the share market atm. just park it in PERLs.

CVN - made me rich :P

go on

edit: aww the retard deleted his post.

if you seriously know nothing about trading and what you need to get started check out the asx.com.au site they have tutorials and s*** on there.

but seriously, ask anyone with a clue - managed funds (or index funds) ftw.

last edited by taggs at 18:26:58 03/Jan/08

You're all a bunch of retards that can't even answer this guys question.

You have to get yourself a broker, either one that advises you or one that just buys/sells with no questions asked.

I'm with www.commsec.com.au, they're pretty cheap.

And thats all I know, I haven't bought and sold anything because buying random shares is stupid.

oh look he's back.

so you went with a discount brokerage service but don't know what shares you want to buy?

you're practically warren buffet!

edit: check this page out: http://asx.com.au/investor/education/index.htm

last edited by taggs at 18:30:11 03/Jan/08

Yeah if you're gonna goto a seminar, one conducted by the ASX is prolly a better bet than GET RICH TODAY! STOCK SECRETS REVEALED!!

are u saying you don't want to GET RICH TODAY! STOCK SECRETS REVEALED!!

??

my vote is you dont know anything about the markets then put it all in a managed fund - then just pick the risk/sector you want..

ie there are all sorts of funds to cater for all exposures and risks

then spend 5+ years learning whats its all about and after that start dabblng with paper trades based on actual sales/volumes then move onto low risk trading

please dont go buy a self help trading book and bet all your money 6 months later..

i have seen alot of these guys loose furtunes doing this

also for my pick on a sector resource/biotech

biotech sector will make a comeback if the market stays strong and will strengthen over time imo

how about investopedia.com there is a ton of information on there with description and definitions of all the terms you probably want to understand.

I've been reading through some stuff lately, just getting interested in it and more clued up before taking another step.

What are other's thoughts on this site?

fyi, i made some pretty good money with a couple of managed funds and 5 or 6 years

enough to get a deposit for my house and pay off all my debts in the process

But how much have you learnt by having someone else do all the work?

You might want to think about starting/joining a share club rather than doing it all on your own.

yer, didnt have the time or carefactor to do it myself

i just thought of it as a savings account with much much better returns

But how much have you learnt by having someone else do all the work?

You might want to think about starting/joining a share club rather than doing it all on your own.

it is extremely unlikely you will ever outperform professionals. there's your argument for a managed fund.

it is even more extremely unlikely that anyone (professionals included) outperforms the market for any significant period of time (weak efficient market hypothesis theory). there's your argument for index funds.

if you want a book that will actually teach you something useful read this A Random Walk Down Wall Street by B. Makiel, an economist at Princeton.

Sif greazy sounds like he knows what he's talking about, make him your broker

I've been considering moving out of managed funds and in to exchange traded indexes, so changing my aussie shares managed fund to SPDR S&P/ASX 200 FUND (STW) which from my reading provides ASX200 index coverage for tiny fee (<0.25%).

Anyone have any comments on this approach over a generic australian share fund that half the time isn't going to do better than the index anyway?

stay the hell away from the share market atm. just park it in PERLs.

plz try to back that up instead of just making bold declarative useless statements

it is extremely unlikely you will ever outperform professionals.

Ever is a fairly long time.

Frankly, I've been pretty happy with my personal results over the years but I have limited time and I mainly invest in speculative stocks and seed capital. I do have a managed fund as part of my self managed super fund (it's a family trust) and the results have been good but, frankly, it would have to be a pretty crappy fund not to have done well over the last few years with the prevailing economic climate.

If you have the resources to do it yourself I would personally recommend doing so.

natslover

there are plenty of funds which out perform the general index

because the general index consists of most sectors with rules as to the composition of the index.. keeping the index a broad reflextion of the general market

if you want to trade indexes then maybe look at sector indexes which will smooth out higher then avg performance

the trick is then to pick a high perfoming sector index

Ever is a fairly long time.

meant over periods of time =)

What if you don't have any spare time and just want to have a reasonably performing index-based managed fund - does anyone have any recommendations?

BT

www.mlc.com.au or www.platinum.com.au or russell.com/au but there are plenty of others out there, be wary of the boutique hedge fund managers out there - it's the next 'big' thing in funds management.

I'd just stick with a managed fund trog there are many different types with varying investment philiosophies and returns etc a year or two back property funds were booming and returning up to 20%+ I was paying dividents on one particular fund manager of 27% for the year, that's crazy good!

Just look at their recent returns and aim for a 5 year investment (if you don't need the cash, reinvest the divendents into additional units/shares)

I've got my cash in a few different managed funds, I couldn't be f***ed investing on my own, nor do I want the risk/exposure - I've seen MASSIVE f***-up's at work that cost an assload, and that's with 'prfessionals' making investment decisions, a few years back I dabbled a little in shares and quickly gave up.

last edited by HeardY at 11:22:27 04/Jan/08

BT are s*** infi and have been since the 90's

cainer

CVN rock the cashbah! =]

well my 50 turned into 80 over 2 years so i aint complaining.

it was this article that got me interested in replacing my active managed funds with exchabge traded funds link - pdf

and another on intelligentinvestor.com.au that I can't reproduce (while on my mobile.. maybe when I get home if ppl are interested) link.

"Just look at their recent returns" naughty naughty HeardY... don't you believe what your employer prints on everything it publishes? past performance is no indicator of future performance.

I've always used Commsec to trade shares.

I got in ~4 years ago so my overall investment is at 170%, probably not a good time now to get in.

I haven't bought any for over a year, it was only around $40 to buy / sell last time I purchased any, so providing you spent $1000+ on each company you buy the fee didn't really matter.

I just got a couple of tips in my inbox just today. I reckon you should start with them lol

hasn't the asx 200 gone up slightly more than that over the last four years? so you haven't even bettered the index, but with an outlay of greater risk and your time.

its still an ok time to get in,

i been preaching BHP since the day i picked the intraday turn at 10.12

when it was 24 i was still telling people to get on and people were saying.. but it has gone up so far will it continue?

of course was my answer and was it always met with suspicion

today its at 40.85 with a 52 week high of over 48 and continues to be a solid stock

its intra day is awesome consistently range trading .5-3% per day and it cross indexed on 3 exchanges meaning you can trade it 24 hours a day

also about index based funds they are the same as any other fund however there rules on fund composition is based strictly on who is in the index

i have made alot of trades based on the fact that a particular stock will become included into a particular index.. knowing that by the rules of alot of funds it must be bought and will raise 5-10% on the lead up to a listing, always easy way to make money - if you get the news early enough

for those that are interested, it looks like the market is about to take a pretty serious hit.

consumer confidence in the US is really getting rattled by the real-estate bubble bursting over there. in the last 2 weeks the ASX has dropped approximately 300 points. i am sure it can be ridden out if your investment timeframe is 5 years +, but if your investment time frame is 12mths, hell cash in your chips.

s*** it's getting hot in here.

Wow! ^ I am soooo glad I didn't invest when I was thinking about it 6 months ago :)
Might just sit on my cash until some form of crash happens, then buy up (In managed funds...maybe even index funds but know SFA about them) :)
Still getting 7%, which is sht...but better than 0%

Has anyone read a book by Donald Trump & Robert Kiyosaki???
"why we want you to be rich"?

They have some very valuable advice what they think it is better to invest in....
They make alot of money so my best advice is to listen to their advice.
You can get the soft copy or the hard copy of the book.

If your a tightarse like me and dont care about the cover then buy the soft cover. Cheaper.... Same info.

I read Rich Dad Poor Dad and they ain't writing anything which is groundbreaking or new.

- Don't spend money on s***
- Real estate goes up in value
- Accumulate assets; not debt

It's not f***en rocket science people.

haha that is pretty much 99.99% of all "business" books out there.

fireblood, an index fund is just a managed fund where the fund managers follow the index usually by holding the securities in the index in the same proportions as the index.

they kick serious ass because most managed funds have fees of 1-2%+ whereas index funds usually have fees of 0.5-0.25% or so - and the vast majority of funds rarely outperform the market.

Ok so if you were given 200K to invest; what would you choose? Why?

I would choose a fun park cos they're so much fun!

(Or an even spread of the top 50 shares in the mining, finance, insurance, manufacturing and real estate sectors.)

taggs i hope you are watching the news from this week coming out of the US..

the part where they want to cut interest rates to solve the problems is kinda funny as its what got them into this mess in the first place...

anyway stay short people

anyway i got drunk last night while exposed and missed a stop.. gonna see what happens monday

If I had 200k I'd spend it on developing amway business / advertising

Hmm interesting. As an IBO for your business; or do you actually work for them & do advertising for the new retail business centres????

Hmm interesting. As an IBO for your business; or do you actually work for them & do advertising for the new retail business centres????

I seriously want to bash you.

TBH.

They are going to lower rates because much of their inflation is due to supply side shocks and imported from the rising yuan.

raising interest rates to combat inflation when it is not demand driven is horribly counter productive. they tried that in the 1970s which resulted in an economic f*** up so bad it got its own name: stagflatiion. this means there was negative growth at the same time as bad inflation.

low rates definately contributed to the asset bubble but the lack of regulation in the sup-prime market was the main cause imo.

read an article that's been doing the rounds lately by nobel laureate joseph stiglitz called stagflation cometh.

how much of a hammering can our market take!?

will be a good time to buy soonish i guess eh?

i'd hold off for a little while and see what happens spooky.

On the subject of shares, I've ended up with a few US shares (ERTS). Already they've dropped a few dollars. knowing nothing about the share market ( apart from the fact it really seems to be slumping ) I'm awefully tempted to cash a majority chunk of them in and do some capital improvement to my home.

I figure with a stock market crash, I haven't got enough stock to be worth riding the storm, if the housing market crashes it's gotta drop a LONG way before I start losing money ( i.e. house becomes worth less than what I paid 4 years ago ).

thoughts?

improving your own home is always a good investment because when you sell it one day it is free of capital gains tax.

alternatively, it always feels good to live in a nice home you have worked on.

if the housing market crashes it's gotta drop a LONG way before I start losing money

what about the interest you are paying? or did you buy with cash?

I seriously want to bash you.

Fair enough. I asked what you would invest 200K in and someone says amway marketing. Im afraid I dont have a crystal ball to look into knowing what people are going to post about. I was hoping to hear some thing about oil or real estate or something like that etc...
Could I suggest posting your list of guidelines here what you are or are not allowed to mention you would like to invest in? I believe it would be a great idea so no one posts things you dont want to hear.

I think the best advice has already been given. Stick some cash away in managed funds while you educate yourself on how to DIY. Rich Dad, Poor Dad is a good starting place IMO. It gives you the basic principles and helps demonstrate the kind of mind set you need.

how do you make 1 million dollars in the share market

Invest 3 million.

Personally i am staying away from teh market at the moment

Perhaps one could:
Use the 200K to buy an investment property close to CBD, assuming you have borrowing capacity...

Or even use less of the 200k and do same, using the surplus cash to help service shortfall...