So I have come to this conclusion that I want to own my own investment company after years of deciding what I want to do. I was always interested in shares since a young age and after saving for a couple of years I bought my first shares at the start of the year. Since then I have followed the stock market religiously, instead of doing assignments I would watch the dow, read company reports, bloomberg articles and the AFR. There is nothing more exciting to me than the world of finance, I still do all the normal things 18 year olds do and will be traveling to Europe next yr also.
It's been a frustrating year for me,I watched my interest rate on my savings account diminish to 2.75% and earn me a measily $15 a month. I knew that there were many great opportunities to make money in the market but I simply let the downrampers get the better of me. I had watched stocks like ADX go from 3 cents to 14 cents, CFU from 6 cents 18 cents, RFE go from 17c to 1+ and then blue chips like MQG double, these were all stocks I had done some serious research on. Not only was it frustrating missing out on these opportunities but I had no one to talk to about my passion for the stock market, people my age (18) don't really care about money. I look to the long term and buy shares based on the future of industries. I currently hold ESG,MEL,ISF,POH and will not be selling for a long time.
Currently I study marketing and advertising at uni and will pick up finance when i finish this double major, I have come to the decision uni is pretty much useless. Everything you learn is theory and has hardly any relevance to the real world on top of that you have international students that can't speak proper English, yet they will get the same mark for an oral presentation. The only thing that matters is that god dam degree yet it isn't an accurate measurement of the intelligence and business sense of a person in my opinion.
I have learned more about finance, accounting, economics and politics by having my money in the market and of course that counts for nothing towards a degree, a piece of paper that anyone can get for copying a book that is all theory.
Anyway enough of that anti uni rant. I only earn $240 a week at my casual job but I save $100 a week for 5 weeks until I can buy a parcel of shares. My best friend and I have been talking about the possibility of opening our own finance/brokering company in a couple of years now. He is a smart guy doing 6 majors and one of the best workers at anz. Next year we have decided to start a managed trust with our money by investing money in a few financial products after researching heavily including shares,term deposits and bonds without taking on too much risk. Hopefully from there we will be able to gain more capital and people wanting to join the trust and eventually start a company. This is very much a long term thing a 5+ years plus goal.
I know it's more than a long shot but I'm young and have many years to plan ahead. Any advice or comments I would greatly appreciate
I have a couple of questions
Is there any chance that the yuan will be floated in the future? Or what is a good way to get leverage into China and India's growth?
When I travel to Europe is there anything that I could take advantage of besides the beautiful women? For example I was thinking about opening up a savings account in Europe with a good interest rate and letting my money sit there.