Australian (ASX) Stock Market Forum

Beginners - Introduce yourselves!

Garpal Gumnut

Ross Island Hotel
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Good afternoon everyone,

Mick here. Found myself on ASF after making a decision about 4 months ago that I need to learn to trade the markets "properly". I've been a buy and hold investor in the ASX for a long time and I've got other investments in property and small business ventures.

I've been listening to podcasts and reading as much as I'm able to (around work and family commitments) and I'm almost at the stage where I think I know the right questions to ask. I've mainly been studying Nick Radge's systems and I've found his approach to perhaps suit my personality. The most challanging transition for me will be learning how to use and program a charting program as coding is a very new skill I need to develop.

Anyway, thank you for accepting me as a contributor to ASF and I look forward to scrambling my brain and hopefully achieve my long term goal of being able to successfully trade for myself on a regular basis. Cheers
If you like Nick Radge's style I'd go to the Search button and have a look through members posts such as @tech/a who is a chartist and a trader par excellence, and those whose posts resonate with you..

My style is all over the place, so don't search for me.

gg
 
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Hi , I'm new to investing in stocks and consider myself a L plater learner. I orginally subscribed to Motley fool for stock selection but thats not going well so axed that. Since then I bought various stocks that i selected in Feb based on some research that are going ok but down overall 3.5%. Does anyone know if Australia has a decent agriculture ETF ? i couldnt find one but i maybe its out there.
Cheers
IT.
 
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Hi , I'm new to investing in stocks and consider myself a L plater learner. I orginally subscribed to Motley fool for stock selection but thats not going well so axed that. Since then I bought various stocks that i selected in Feb based on some research that are going ok but down overall 3.5%. Does anyone know if Australia has a decent agriculture ETF ? i couldnt find one but i maybe its out there.
Cheers
IT.
welcome to ASF

no ETF like that comes to mind ( at least an Australian focused ETF )

i invested in RFF ( which leases land to various farmers ) but that was a while back so the current valuation might not be attractive to you

another option might be D2O which trades water rights between farmers ( i hold that as well )

good luck

PS join the April tipping comp. the research needed will help you learn ( when investing with real cash )
 
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Hi, I am looking for some courses in Australia that will teach me how to join the ASX.

I have received some money and I don't want to mess things up.

Any recommendations, I live in QLD, happy to pay a reputable person for guidance.
 

Craton

Mostly passive, contrarian.
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Hi, I am looking for some courses in Australia that will teach me how to join the ASX.

I have received some money and I don't want to mess things up.

Any recommendations, I live in QLD, happy to pay a reputable person for guidance.
Hello and welcome to ASF.

When you say you want to "join the ASX" you mean you want to invest or trade ASX stocks. Correct?
If you were actually wanting to join the ASX you wouldn't be asking in the first place. ;)

So, how to park your money on the ASX?
To do that you will need a broker. Commsec among others is popular or take advantage of the ASF Opentrader offer.

Courses:
Hmm, for the basics there is plenty of excellent free info for the Beginner. Strongly suggest reading right here in the Beginners Lounge.
Lots of info on the internet too like Investopedia.

Primarily though you need to ask yourself, what is/are my goals for investing/trading.
E.g. Are your goals long term or a shorter time frame, are you looking for an income stream, how much to invest in an asset, risk v reward, passive or active investing etc etc?

One thing to remember, most stock values go up via the stairs and come down in lifts!
So be prepared for some angst/lost sleep if your portfolio goes down in value.

Of course remember too that there is the taxman to consider, the Capital Gains Tax (CGT).
All short term gains and/or losses must be accounted for in the financial year this occurred.
Long term gain and/or losses can be carried forward to offset future CGT considerations.

Dividend income, capital returns and such must also be accounted for in your yearly income tax return.

A final word, there is no get rich quick schemes here. Keeping a lid on the emotions is one of the toughest things to do and even more so when it come to money.
Keep a journal of your aspirations and reasons why you invested in a stock. Set out a plan and forget the "if only or what if".
Learn to minimize loss by using stop loss triggers and the list goes on.

However, as you've posted here, you are on the right track, becoming educated and knowledgeable on how to invest is a great start. :xyxthumbs
 
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Hello and welcome to ASF.

When you say you want to "join the ASX" you mean you want to invest or trade ASX stocks. Correct?
If you were actually wanting to join the ASX you wouldn't be asking in the first place. ;)

So, how to park your money on the ASX?
To do that you will need a broker. Commsec among others is popular or take advantage of the ASF Opentrader offer.

Courses:
Hmm, for the basics there is plenty of excellent free info for the Beginner. Strongly suggest reading right here in the Beginners Lounge.
Lots of info on the internet too like Investopedia.

Primarily though you need to ask yourself, what is/are my goals for investing/trading.
E.g. Are your goals long term or a shorter time frame, are you looking for an income stream, how much to invest in an asset, risk v reward, passive or active investing etc etc?

One thing to remember, most stock values go up via the stairs and come down in lifts!
So be prepared for some angst/lost sleep if your portfolio goes down in value.

Of course remember too that there is the taxman to consider, the Capital Gains Tax (CGT).
All short term gains and/or losses must be accounted for in the financial year this occurred.
Long term gain and/or losses can be carried forward to offset future CGT considerations.

Dividend income, capital returns and such must also be accounted for in your yearly income tax return.

A final word, there is no get rich quick schemes here. Keeping a lid on the emotions is one of the toughest things to do and even more so when it come to money.
Keep a journal of your aspirations and reasons why you invested in a stock. Set out a plan and forget the "if only or what if".
Learn to minimize loss by using stop loss triggers and the list goes on.

However, as you've posted here, you are on the right track, becoming educated and knowledgeable on how to invest is a great start. :xyxthumbs
Thanks for answer, a lot to process.

I don't know the terminology, I mean buy shares on the stock market as an alternative to putting money in the bank or into real estate with the goal it increases in value somewhat.

The purpose is mainly to stay ahead of inflation. I could just leave it in my savings account but unfortunately that seems counterproductive these days.

My first task is pay out my mortgage and cc's.

I will also talk my super crowd which is apparently a decent performer (I have no choice on super, it was part of the job - defined benefit which others tell me is a good thing) and max out my super, there are limits on what can be done there otherwise I would dump it all into super and let them worry about it.

Because I'm old fashion I would to get some physical gold but I am unable to find a bank that will store it, apparently not many banks offer safety deposit boxes these days, is that even true???

I am not interested in real estate so stock exchange I guess.

Thanks again for the links and info. If anything I say ever sounds like bad idea feel free to say so.

I am almost overwhelmed that I finally have something, I am accustomed to having very little money.
 

Garpal Gumnut

Ross Island Hotel
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Thanks for answer, a lot to process.

I don't know the terminology, I mean buy shares on the stock market as an alternative to putting money in the bank or into real estate with the goal it increases in value somewhat.

The purpose is mainly to stay ahead of inflation. I could just leave it in my savings account but unfortunately that seems counterproductive these days.

My first task is pay out my mortgage and cc's.

I will also talk my super crowd which is apparently a decent performer (I have no choice on super, it was part of the job - defined benefit which others tell me is a good thing) and max out my super, there are limits on what can be done there otherwise I would dump it all into super and let them worry about it.

Because I'm old fashion I would to get some physical gold but I am unable to find a bank that will store it, apparently not many banks offer safety deposit boxes these days, is that even true???

I am not interested in real estate so stock exchange I guess.

Thanks again for the links and info. If anything I say ever sounds like bad idea feel free to say so.

I am almost overwhelmed that I finally have something, I am accustomed to having very little money.
The only things I would add to Craton's reply is to learn how to use the Search function here on ASF in the top right hand corner and also be very, very, very careful about financial advisers and ensure that you have absolute control over your money, not them.

Many answers to your questions can be found on a Search and may lead on to further ideas on investing.

Much money has been lost due to poor financial advice and frankly criminal conduct by advisers.

Also contribute by continuing to post.

gg
 
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and max out my super, there are limits on what can be done there otherwise I would dump it all into super and let them worry about it.
Those "limits" on stuffing dough into super are pretty generous ,for now at least ( Labor is coming remember ) . Read up on " non- concessional/ after tax contributions. Also, if you don't need the money till retirement ,don't be satisfied with just saving 10 % of your wages. You are allowed a Concessional/pre tax, $ 27,500 flat dollar amount every year, so it's clever to salary sacrifice up to that amount.
Don't bother with shares. Go for ETF's. They are so easy. Otherwise you've got to educate yourself.......It takes years, mate!
 
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Hi, I am looking for some courses in Australia that will teach me how to join the ASX.

Because I'm old fashion I would to get some physical gold but I am unable to find a bank that will store it, apparently not many banks offer safety deposit boxes these days, is that even true???

I looked into doing a course about the asx, i could only find one that was fully accredited in share trading , quoted me about 10k for a online diploma, but they did offer a cheaper course on basic asx for about 2k. I decided to go it alone and see what happens. The theme in the stock market circles seems to be ''you dont know what you don't know'' in other words , educate yourself properly = maximising returns and minimising the risks. Good luck !

Re Gold storage , you can buy gold through bullion dealers i.e PM , ABC ect who will store it for you in their vaults i.e you buy a gold bar and they write your name on it and store it. You can request to inspect the gold via appoinment to make sure thats its legit.
 
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Don't bother with shares. Go for ETF's.

Thanks for info, I do not know what above quote means yet. Will find out.

As far as shares go I was going to keep some "play money" that I have no problem completely losing to dabble in shares for the learning experience. I have the same philosophy when I go to the horse races and I have spectacularly unsuccessful at that.

For real investing I have contacted a portfolio manager who bundled up a bunch of big name (presumably low risk, low return) companies into a package. He is not clear what the costs to me will be for taking on the portfolio. Until I understand his cost structure I am not signing on.
 
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Re Gold storage , you can buy gold through bullion dealers i.e PM , ABC ect who will store it for you in their vaults i.e you buy a gold bar and they write your name on it

Do you have links to these companies, they let you write your name literally, like walk into a vault with an engraving tool?
 
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@3 hound you have been given some great advice already but I wish to add to your journey by suggesting you download & read my free eBook that has been written especially for you.

The "Dump it here" thread is an educational thread
If you wish you can read my thread solely dedicated to those who wish to understand more about trading & what the journey entails.

Trading Fundamentals - Skate's Beginners Version (eBook link below)
https://www.aussiestockforums.com/posts/1014728/

Skate.
 
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@3 hound you have been given some great advice already but I wish to add to your journey by suggesting you download & read my free eBook that has been written especially for you.

The "Dump it here" thread is an educational thread
If you wish you can read my thread solely dedicated to those who wish to understand more about trading & what the journey entails.

Trading Fundamentals - Skate's Beginners Version (eBook link below)
https://www.aussiestockforums.com/posts/1014728/

Skate.
Thanks mate, will be reading.
 

Craton

Mostly passive, contrarian.
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Do you have links to these companies, they let you write your name literally, like walk into a vault with an engraving tool?
Lol, it doesn't work like that although, for gold coins that may be a different story.
Have a look at Perth Mint

Something I forgot to mention originally, is that when I first started on my investment path was knowing not to put all my eggs into one basket of asset class. Meaning not investing just in say gold or shares or super or fixed interest or property etc etc.

Diversification not only within a share portfolio but across asset classes must be considered as par for the course. One asset class often forgotten is art and collectibles. Collectibles includes coins, some of these are made of gold and other precious metals as per the Perth Mint link.

You posted:
As far as shares go I was going to keep some "play money" that I have no problem completely losing to dabble in shares for the learning experience. I have the same philosophy when I go to the horse races and I have spectacularly unsuccessful at that.

As mentioned, it does take years so don't be in too much of a hurry to rush in. Good luck with it!
 
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Lol, it doesn't work like that although, for gold coins that may be a different story.
Have a look at Perth Mint

Something I forget to mention originally, is that when I first started on my investment path was knowing not to put all my eggs into one basket of asset class. Meaning not investing just in say gold or shares or super or fixed interest or property etc etc.

Diversification not only within a share portfolio but across asset classes must be considered as par for the course. One asset class often forgotten is art and collectibles. Collectibles includes coins, some of these are made of gold and other precious metals as per the Perth Mint link.

You posted:


As mentioned, it does take years so don't be in too much of a hurry to rush in. Good luck with it!

Thanks for tips and leads.

Another motivation I didn't mention previously is I want to be less banked and less into dollars.

What just happened in Canada and Russia suggests your own money is not really yours if gov says so.
 

Ann

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@3 hound this might be of interest to you, I haven't used it so it is not a recommendation but it might be a bit of fun to see what it feels like to trade. I think it may just be US stocks but it is all the same. Of course, paper trading won't give you the full experience of risking your own capital but it may help and it appears to be free.
Stock Market Simulator
 
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Hi all. First time poster here.
I’m not exactly a beginner as I’ve been buying shares since 2008 but I’m the first to admit I’m not fantastic at investing. It has been time that has benefitted me as opposed to being great at picking stocks.
I have had some good winners but if I had my time again I would have just bought ETFs.
I’ve joined the forum now as I am way too heavy in cash at the moment and I feel we may be entering a period where shares offer better value. I plan to spend 3% of my total spend every two weeks for the next 18 months or so. If a big correction happens (like when I started buying in 2008/09) I will spend a much bigger portion of my total target spend quickly.
The ETFs I own and will be actively buying are VAS, VGS, FANG, IXI and DRUG. The majority of my money will go to the Vanguard products.
I am spending money that I don’t expect I will ever need and this will be at least a fifteen year project for me. (I turn 50 next month).
I sell real estate for a living (and have done for 32 years) and I own residential investment property. I’m not excited by it though. I find investing in shares is a lot more interesting.
I’ve already found some great info on this site. I’ll continue to poke around in here.
Thanks for reading.
 
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