Nice forum. I have only been reading for a few days but the information overload is exciting.
I am 37 living in Melbourne. I guess you could peg me as the average guy working to support his family for the average wage. This has ment while the stock market very much interested me I faced the reality of not having the $$$ to invest in any meaningful way. I have not followed the market at all up until now.
I will be made redundant in a few months. While the prospect of finding a new job is scary (its been 20 years since I went for a job interview). I now have a chance to invest in the stock market.
I have been trying to take in as much as I can about how to get started and still only have a basic understanding of how the market works. Hopefully some of you can answer some questions for me
1. What sort of platform should I look at using to learn the ropes. I have seen IG Markets mentioned a few times but honestly it seems like a pretty full on platform and maybe overkill for a real beginner. Are platforms like Commsec with $19.95 trades ok ?
2. Are there any good guides on the method and process to be a disciplined researcher ? What to look for before picking a instrument.
3. What would be the best type of investing to do when starting from the bottom ?
4. What sort of money should I look at opening my account with. I am not looking to be rich in a year. I will be happy if I can follow the 2% rule and just work on picking enough winners to grow or even maintain my starting investment. I would be happy to ramp up the investments when I have a clue.
Thanks in advance and again great site.