Aussie Stock Forums http://www.aussiestockforums.com/forums/ Discussion forums for Australian stock market investors and traders en Thu, 20 Jun 2013 06:42:36 GMT vBulletin 60 http://www.aussiestockforums.com/forums/images/asf/misc/rss.png Aussie Stock Forums http://www.aussiestockforums.com/forums/ Recommendations for selling LSE shares from Australia? http://www.aussiestockforums.com/forums/showthread.php?t=26986&goto=newpost Thu, 20 Jun 2013 05:42:21 GMT Looking for recommendations and experiences for selling LSE shares from Aus (one-offs rather than continuous trading)? I'm currently being sent in circles from my UK bank who can't do it as I'm non-UK resident, and my Aus bank who don't have an international trading desk.

I've heard of CMC (who say they can't do it), IB (who were pretty hopeless when I called them) and Commsec (who are apparently expensive).

Any pointers very gratefully received. ]]> International Markets Smilie http://www.aussiestockforums.com/forums/showthread.php?t=26986 <![CDATA[Respecting someone's Wishes]]> http://www.aussiestockforums.com/forums/showthread.php?t=26985&goto=newpost Thu, 20 Jun 2013 03:42:28 GMT This thread has been prompted by reading about suggestions a couple of days ago about perhaps challenging a Will.

If it's known that the deceased was not cognitively challenged and entirely able to make up his/her mind about the bequeathing of any assets, I wonder why others should assume any right to question this?

A similar situation arose when my mother was dying. She had a diabetic ulcer which became gangrenous and the only way her life would be saved would have been an amputation of the lower leg. She was adamant she did not want this, was content with her life, and absolutely sure about her preference for death. She had even put this in writing via an Advance Health Directive.
However, when I arrived back in NZ I was advised by the consultant treating her that, if I wished, I could override her decision. Why? She was of totally sound mind and knew what she wanted and I wouldn't even consider not respecting her wishes.

Similarly, we see the same phenomenon re organ donation when someone is dying. Families for some peculiar reason sometimes go against the declared wish of the dying person and refuse permission for organ harvest which could save multiple other lives.

How do others feel? ]]> General Chat Julia http://www.aussiestockforums.com/forums/showthread.php?t=26985 Trading Pattern Alert Thread http://www.aussiestockforums.com/forums/showthread.php?t=26984&goto=newpost Thu, 20 Jun 2013 03:07:35 GMT *Post trading pattern alerts and charts with commentary here!* Post trading pattern alerts and charts with commentary here! ]]> Trading Strategies/Systems tech/a http://www.aussiestockforums.com/forums/showthread.php?t=26984 ISU - iSelect Limited http://www.aussiestockforums.com/forums/showthread.php?t=26982&goto=newpost Wed, 19 Jun 2013 11:03:14 GMT iSelect is a leading Australian online-driven comparison service. Its service provides comparison of both price and product features for a range of:... iSelect is a leading Australian online-driven comparison service. Its service provides comparison of both price and product features for a range of:
  • Private health insurance and car insurance products; and
  • Household utilities and financial products, including life insurance, broadband, home loans, personal financial and energy products.

Proposed listing date: 24 June 2013

http://www.iselect.com.au ]]> Stocks I-P System http://www.aussiestockforums.com/forums/showthread.php?t=26982 Building apartments then renting them? http://www.aussiestockforums.com/forums/showthread.php?t=26979&goto=newpost Wed, 19 Jun 2013 06:07:47 GMT How does that work? A lot of people live in apartments and pay rent. The amount of money these apartment owners are making are ridiculous for example... How does that work? A lot of people live in apartments and pay rent. The amount of money these apartment owners are making are ridiculous for example if a apartment was 350-400 x 30-40 thats about 10k-16k a week.


So does anyone have any knowledge on how its done? How much would it cost and is it that simple? I mean can anyone go and build 30 flats and make that much money? ]]> General Chat Fangblade1 http://www.aussiestockforums.com/forums/showthread.php?t=26979 NNC - New Newscorp Inc http://www.aussiestockforums.com/forums/showthread.php?t=26975&goto=newpost Wed, 19 Jun 2013 00:54:25 GMT Shares in New Newscorp Inc (NNC) – News Corp's newspaper and book publishing business – will start trading 19 June on a deferred settlement basis, ahead of the full de-merger of News Corp on 28 June.

NNC will hold News Corp's publishing interests, including Murdoch's three UK titles, the Sunday Times, the Times and the Sun; his New York papers, the New York Post and the Wall Street Journal; his Australian newspapers and the Australian Fox Sports. ]]> Stocks I-P System http://www.aussiestockforums.com/forums/showthread.php?t=26975 Rights issue http://www.aussiestockforums.com/forums/showthread.php?t=26974&goto=newpost Tue, 18 Jun 2013 17:00:15 GMT Hi guys, I have a question regarding rights issue. If a company issues rights to buy stock at say $4.00 and the stock price on the market is... Hi guys,

I have a question regarding rights issue.

If a company issues rights to buy stock at say $4.00 and the stock price on the market is $12. Does that mean I can buy a thousand shares at $4.00 and then sell them instantly on the open markets for $12?

Thank you ]]> viciam http://www.aussiestockforums.com/forums/showthread.php?t=26974 Another Brain Dump http://www.aussiestockforums.com/forums/showthread.php?t=26972&goto=newpost Tue, 18 Jun 2013 12:23:57 GMT So I have spent the last few months learning how much I dont know. I think I have decided how I want to approach trading and have begun focusing on... So I have spent the last few months learning how much I dont know. I think I have decided how I want to approach trading and have begun focusing on it. However I have changed my mind a few times now and I am only just at the beginning so who knows.

My current thoughts are that I would like to start paper trading in the next few months depending on how much time I can dedicate to study.

I would like to paper trade on the platform I will be using and even though it is apparently a bit of a mission to start with, I am going to start with IB.

I am also going to sign up with Nick Radge so I can follow somebody's trades live as part of my education and will eventually purchase a few other pieces of software.

This next thought is probably where I am going wrong, but.....

I am also pondering trading Nick Radge's trades live quite soonish as well. I might learn some of the early lessons that only live trading can teach and ill be paying the costs anyway. Also I dont think ill have enough experience to trade on my own for quite sometime and as with most beginners I am getting ichy fingers.

Also from my reading it is a relatively quiet time using Nick Radge,s trades, which I think might be a good thing while learning.

Cheers ]]> fiftyeight http://www.aussiestockforums.com/forums/showthread.php?t=26972 <![CDATA[China's growth is supported by... credit?]]> http://www.aussiestockforums.com/forums/showthread.php?t=26970&goto=newpost Tue, 18 Jun 2013 10:54:42 GMT This was a great article I found on SMH today and wanted to share and hopefully lead to some fruitful discussions on the merits of the article.... This was a great article I found on SMH today and wanted to share and hopefully lead to some fruitful discussions on the merits of the article. Here's an extract:

Quote:
China's shadow banking system is out of control and under mounting stress as borrowers struggle to roll over short-term debts, Fitch Ratings has warned.

The agency said the scale of credit was so extreme that the country would find it very hard to grow its way out of the excesses as in past episodes, implying tougher times ahead.

...

Bank Everbright defaulted on an interbank loan 10 days ago amid wild spikes in short-term "Shibor" borrowing rates, a sign that liquidity has suddenly dried up.

"Typically stress starts in the periphery and moves to the core, and that is what we are already seeing with defaults in trust products," she said.

Fitch warned that wealth products worth $US2 trillion of lending are in reality a "hidden second balance sheet" for banks, allowing them to circumvent loan curbs and dodge efforts by regulators to halt the excesses.

This niche is the epicentre of risk. Half the loans must be rolled over every three months, and another 25 per cent in less than six months. This has echoes of Northern Rock, Lehman Brothers and others that came to grief in the West on short-term liabilities when the wholesale capital markets froze.
http://www.smh.com.au/business/china...618-2ofkc.html ]]> General Investment and Economics Tyler Durden http://www.aussiestockforums.com/forums/showthread.php?t=26970 21 and wondering what to do http://www.aussiestockforums.com/forums/showthread.php?t=26969&goto=newpost Tue, 18 Jun 2013 05:40:48 GMT Hey everyone, it's my first foray into the world of finance and investment -

I'm a university student and I'm looking for some advice on what to do.

I have managed to find an excellent job throughout my uni years, and have saved enough to invest $10,000 in something - while I love the uni life of drinking and eating out all the time, I figure that if I set myself up as early as possible financially, I will have a leg up on my peers.

My current goal is to own a house within the next 6-7 years.

I am able to add another $300 a month into any investment that I make with my current job and expenses.

I guess what I'm asking for is a little bit of direction or advice as to what I can do with my money - should I invest in a share portfolio, bonds, a property trust etc.

Any advice would be greatly appreciated

Letts ]]> Letts http://www.aussiestockforums.com/forums/showthread.php?t=26969 Australian Shareholder Centre http://www.aussiestockforums.com/forums/showthread.php?t=26968&goto=newpost Tue, 18 Jun 2013 04:17:38 GMT I was wondering whether anyone has used "Australian Shareholder Centre" and their experiences and thoughts?

Essentially I am currently using margin lending and my own investments. While this year has been good, overall I have not gone too well as I just dont have enough time looking at the market. I was looking around and came across Australian Shareholder Centre (I believe based out of gold coast).

They trade in CFDz which I am aware are higher risk but they rely heavily on trailing stock losses to mitigate risks. I got the sales pitch which, if believed, would yield close to 50% (which obviously rang some alarm bells). They provided me access for a limited period to their members area and I went through all of their trade recommendations for the year so far. In essence, this year they have achieved losses on 56% of their trades (from my own calculations). However, on the plus side, after brokerage etc, it would have yielded approximately $2000 profit thus far. This isn't far off other years they claim. This is in their A and B categories (essentially trading CFDs on ASX, NYSE and London).

My concerns:
-obviously the extremely high return is of concern
- i can not find any reviews of them on the net. Some further searching identified they are a legitimte business IAW ASIC and australian business register and used to trade as Trumarket a number of years ago which hasn't got a good wrap on this forum.
- There is an extremely high set up cost of between $5000 and $7000

Reasons I am contemplating it:
- my own analysis of their trade recommendations year to date does demonstrate a high rate of return in line with what they are claiming.
- I want to get out of self managed investments as I don't have time and look at a medium to high risk place to park some of my savings that is fully managed.

Any thoughts, experiences and advice is greatly appreciated. ]]> Trading/Investing Resources steve85 http://www.aussiestockforums.com/forums/showthread.php?t=26968 DMS - DOMUS US Multifamily Real Estate Fund http://www.aussiestockforums.com/forums/showthread.php?t=26967&goto=newpost Mon, 17 Jun 2013 22:14:07 GMT Domus will be an externally managed Australian real estate investment trust. Domus will own a controlling interest in a US real estate investment... Domus will be an externally managed Australian real estate investment trust. Domus will own a controlling interest in a US real estate investment company intended to be classified as a "real estate investment trust" for US federal income tax purposes called Domus, Inc (US REIT). The US Asset Manager will manage the US REIT.

Domus is restricted to investments in the US REIT and appropriate financial products. The US REIT will invest in US multifamily real estate initially in the Southern and Western regions of the United States and appropriate financial products that are treated as qualifying assets for the purposes of the REIT qualification tests under the United States Internal Revenue Code of 1986 as amended.

Until the US REIT or its subsidiaries acquire multifamily assets in addition to the Initial Portfolio, uncommitted funds will be invested in appropriate financial products in Australia and in the US, including cash.

http://www.domusreit.com ]]> Stocks A-H System http://www.aussiestockforums.com/forums/showthread.php?t=26967 Profiting from a fall in the Aussie Market http://www.aussiestockforums.com/forums/showthread.php?t=26966&goto=newpost Mon, 17 Jun 2013 09:01:07 GMT I've been trading the market long during the run up.

Now the market has topped and it looks like there may be some downside potential.

One way that I've been looking to profit from the global market conditions is to short the FTSE.

How about the Aussie market? The SPI Futures is a bit rich for me at $25 per 1 point movement.

What about shorting the banks?

Could it be worth shorting them on this current leg up? I'd be looking in conjunction with the broader market.


Having watched the XAO closely and seen a topping pattern in real time it was frustrating not being able to trade the SPI due to my risk profile. That got me thinking about maybe shorting the banks instead. It would have been an excellent move.

Just interested to see if others share similar sentiments... ]]> Trading Strategies/Systems pavilion103 http://www.aussiestockforums.com/forums/showthread.php?t=26966 Interactive Brokers Short Cut question http://www.aussiestockforums.com/forums/showthread.php?t=26965&goto=newpost Mon, 17 Jun 2013 07:11:43 GMT Hi All,

I would much appreciate your help here. I'm trying to set up shortcuts in Interactive Broker simulator.

Here is what i did. In configuration page I assigned "Current Key" shortcut as F1 button for 'Buy MKT with Stop'. Than in Advanced tab following:
Action - Buy
Size - Default
Order Type - MKT

Attached Stop Order:
Order Type - selected STOP
Stop Price - selected Ask than +/- (-3) amt

Ticked the box Transmit the order instantaneously.

PROBLEM

When I press F1, order get executed in DOM and I can see that stop order seatting 3 poitns below of my execution.
When price riches that stop order for some reason it is not kicking in and remains there forever.

Is anyone can help me? what did I do wrong ??? :banghead: I"m trying to set it up so that stop order acting as a Stop Loss order.

Same problem with sell order. ]]> Software and Data tr8de http://www.aussiestockforums.com/forums/showthread.php?t=26965 What is the ASX 200 divisor? http://www.aussiestockforums.com/forums/showthread.php?t=26964&goto=newpost Mon, 17 Jun 2013 06:44:39 GMT Does anyone know What the asx20/200 divisor is? or what the formula for calculating points on the index is? there are examples for this on wikipaedia... Does anyone know What the asx20/200 divisor is? or what the formula for calculating points on the index is? there are examples for this on wikipaedia for the DJIA but not for the asx. Cannot find info on this anywhere.

cheers ]]> Derivatives DrTong http://www.aussiestockforums.com/forums/showthread.php?t=26964