I'm pretty new to this, but will say there are a great many smart people here --I mean really "life experience" smart and, from the sounds of things, their portfolios reflect that. I'm rapt that I get the opportunity to listen, learn, apply and (hopefully) contribute. Thumbs up!
There is a wealth of experience, knowledge, and food for thought right here in these fora. I've been lurking for a few months but finally decided to join up a few days ago. Know what hooked me, and inspired me to re-evaluate everything I thought I knew? - the thread(s) on positive expectancy! So kudos to tech/a and other luminaries who've contributed.
Ok, now that I've said g'day, I have a question. There's been more than a random smattering of talk about how dangerous it is to start trading a strategy (even a profitable one) if you're undercapitalised. I can see the basis of this concern and I take it on board.
The problem I have is that my current circumstances dictate that building capital is going to be a very slow affair (despite rigorous budgeting and discipline), which is somewhat frustrating. Not that I will risk any real money before my "numbers" dictate I should, but I'm curious to know what other people would do in my situation. I know I could get a margin lending facility, but not sure if that's the best strategy at this time - plus the numerous mentions of Power of Attorney in the prospectus are somewhat daunting . I don't know enough about CFDs besides their basic definition (and I try not to dabble in things I don't understand yet).
At present I've stuck my savings in a reasonable managed fund and contribute to it regularly until hopefully one day in the not-too-distant future, I can liberate some of it and try things my way.
Are there any other real options besides these for someone who doesn't yet have 10k to invest?