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Bought my first shares: Am I doing OK?

Shall I be honest?
I hate the Coles, Woolies duopoly!
They are not good for Australia.
They make heaps from their customers
but do not pass it back to their suppliers.

Hey burglar,
I always want you to be honest with me! Otherwise, these conversations are pointless!
I totally agree with your moral principle about these business. Unfortunately, it is like banks, gambling business, etc...
Our sad reality is there is always someone making money from someone else.

I have not checked the metrics.

Metrics??? What metrics? That sounds very PRO! I like it!!! but I have no idea what are you talking about

But we have not yet discussed why they need to be cheap.

No, we didn't. so... shall we discuss about that?

I start:
1. Very simple. When you buy, it is always better if you pay less for a same product.
2. As you mentioned, dose it matter much when you invest in long term?


I hope you guys are all making good money today. Market seems to doing find today, so far so good.

Cheers,
 

Hard for burglars to be honest, but I'm doin' the best that I can.

1.)
Yes, you pay less per share.
Most likely, you buy more shares!
The dividend is based on shares.

So ... more dividend!!

2.)
Yes, to some it matters!
Sometimes you will be holding as the shareprice falls below your purchase price.
Can be scary for the feint hearted; especially if unexpected.
So you need to ask yourself questions about your psychology of trading/investing.
Will you hold in faith (noobies big and easy mistake, in my opinion)?
Will you panic sell (noobies biggest and easiest mistake, in my opinion)?
Will you have a pre-planned exit?

Much of this depends on how you feel about your money.

I write my money off as soon as I do a buy order.
That's the gambler in me!

... Metrics??? What metrics? That sounds very PRO! I like it!!! ...

I meant "financial measures" not knowing how broad this term is!? :


 
It allows me to sleep!
Hi Julia,

I feel the need to explain.
I put upto $3k on a pennydread.
I hope it will go up, but know it can go down.

It can make me extremely anxious!
I have two coping mechanisms.

One is to walk on the beach.
Observing waves, I am overcome by an indescribable feeling of serenity!

The other alternative is to downgrade the importance of that money!
That saves me a trip to the beach.

Now I wish that I had said nought about it! :
 
Cool strategy burgler if your 2c share goes to 20c. But arent they also very illiquid or is there plenty of action down there?
 
Oh, there was a little conversation going on while I was doing my course on ASX website.

Talking about the Graph, I have this "Santos" shares in my tinny portfolio. It is the only holding going backwoods at the moment which I don't worry too much as I am holding for a long term.

I am trying to figure out the trend by watching their historical share price(it seems very inconsistent).

Anybody has a story to share about this company?

Cheers,
 
Talking about the Graph, I have this "Santos" shares in my tinny portfolio. It is the only holding going backwoods

Cheers,

Sorry "backwards", not 'backwoods"... but maybe, it might went to a backwoods after all.
 
Thanks. You saved me a lot of time!!! I can definitly do that.

Hey Midou, Congrats on the start!
So I am currently educating myself on all things shares and come across a spreadsheet on the asx site. If you follow this link - http://www.asx.com.au/courses/shares/course_07/index.html?shares_course_07 and click on - Topic one - keeping records...... Within topic one click on page 3 in the bottom right on the screen and It will give you an option to download the spreadsheet they offer.

Hope that helps.
 
... I have this "Santos" shares in my tiny portfolio. ...

Anybody has a story to share about this company? ...

Let's start with a ten year graph.
Remember this is my opinion.

They have been around for more than ten years!
They have survived the GFC.
Since then they have not been over $16 and rarely under $12.

So they are "ranging".
What will it take to breakout of this range.
They are in Oil & Gas, a good drill result will probably do it.

They pay a dividend, 15 cents twice a year.
It is "better than a poke in the eye with a sharp stick"
Note: "(humorous) better than nothing."


 

Thanks Cutty,
Funny you mention that, I found the same spreadsheet yesterday while I was doing my course on ASX site.
Thank you for your tip anyway and good luck to you too!
 
Burglar, Thanks to sharing these stories with me. Yes, nice photos. The company seems to doing ok... just their shares are champing at "backwoods" at the moment

Comes back to "floating shares".
No matter how good a company is, if it has floating shares, then traders will play with the share price.
Value Investors claim that over long time frames, the share price oscillates towards true value.

So you, and you alone, should judge.
Is this a good company?
Is it cheap?
Where does its true value lay?

If traders move the Share Price above true value,
will you join the traders by selling and paying CGT?

Oh, so many questions.
 
Burglar, Thanks to sharing these stories with me. Yes, nice photos. The company seems to doing ok... just their shares are champing at "backwoods" at the moment

Closed up on 5 consecutive days

10 May 2013
12.890

09 May 2013
12.830

08 May 2013
12.650

07 May 2013
12.530

06 May 2013
12.270
 
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