Complete beginner: Where to find my FAQ?

Hi everyone! Good to be here.

I'm a member of numerous other forums on hobbies of mine and find them extremely helpful in helping get me to wherever I wish to be in anything I'd like to excel at.

I can't find the answers I'm looking for in any stickies as yet so thought I'd post my situation here in the beginners lounge in the hope that someone may enjoy taking on an 'apprentice'.

I'm 29 and have been investing in property for 3 years now. Never even thought about investing in the stockmarket up until now that I've been speaking with Steve Navra who some of you may know of.

My property portfolio is currently worth a smidge under $2M and I plan on being financially free within a few years time but would still like to perform work that I enjoy. I'm hoping that the stockmarket could provide this for me in my spare time? We'll see.

I have other streams of income but only casually so would like to do more of that once retired. I don't really like to use that word though. Financially free is more the term.

Here are some questions.

1/ Is it easy to make money from trading?

2/ Like property, is the long term investor usually better off or a 'safer' bet?

3/ Any good books for complete noobs?

4/ Where do I start?

5/ Anyone make a living from online trading? and if so, can I do this too?

Thank you. I really look forward to learning but at the same time am a little nervous as I've been studying property for so long and have found my niche and never thought I'd be looking into shares..

wealthcreator said:

I'm 29 and have been investing in property for 3 years now. Never even thought about investing in the stockmarket up until now that I've been speaking with Steve Navra who some of you may know of.

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Who on earth is Steve Navra??

wealthcreator said:

1/ Is it easy to make money from trading?

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Not straight away it's not.

wealthcreator said:

2/ Like property, is the long term investor usually better off or a 'safer' bet?

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Not that I've seen, but there are many here who would disagree with me there

wealthcreator said:

3/ Any good books for complete noobs?

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Here are a couple of threads that have gone over this topic for you:

fundamental analysis - recommended books

what stockmarket books should I read

good TA books - any suggestions

books on technical analysis

books for daytrading

And of course the first stop when looking for any of these books should be the ASF Bookshop

wealthcreator said:

4/ Where do I start?

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The ASX website is good place to start, plus spending a lot of time searching through the forum here should give you a good grounding. There is information on this site that covers pretty well every topic a noob would be interested in.

wealthcreator said:

5/ Anyone make a living from online trading? and if so, can I do this too?

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Yes they are. You can try, failure rate is quite high though

Thanks Professor.

I see my assertiveness to the sharemarket has been somewhat reassured.

It almost sounds like 'speculating' to me, and very difficult to make easy money from, which is the opposite direction to where I'm going and prefer to be.

The things I already do not like are

1/ No room to add value through renovating

2/ Lower leverage from a lenders perspective due to volatility and general 'belief' in the asset.

3/ House prices are not known to fall 50% overnight

4/ I like to keep an eye out and monitor growth on my property portfolio and can mitigate against most risks associated with it. The sharemarket, (on the other hand) I think would stress me out and I'd always be inclined to see whats happening.

If it's very difficult to make a living off the sharemarket and very easy from property (provided you have the knowledge) I think I'll stay where I am, as I'm quite happy as is.

I will however delve a little deeper and cannot rule it out altogether.

wealthcreator said:

Thanks Professor.

I see my assertiveness to the sharemarket has been somewhat reassured.

It almost sounds like 'speculating' to me, and very difficult to make easy money from, which is the opposite direction to where I'm going and prefer to be.

The things I already do not like are

1/ No room to add value through renovating

2/ Lower leverage from a lenders perspective due to volatility and general 'belief' in the asset.

3/ House prices are not known to fall 50% overnight

4/ I like to keep an eye out and monitor growth on my property portfolio and can mitigate against most risks associated with it. The sharemarket, (on the other hand) I think would stress me out and I'd always be inclined to see whats happening.

If it's very difficult to make a living off the sharemarket and very easy from property (provided you have the knowledge) I think I'll stay where I am, as I'm quite happy as is.

I will however delve a little deeper and cannot rule it out altogether.

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Personally, I think if you are doing well out of property, stick with that as your main area of expertise. Shares are still worth a look though. Spend the time to learn about it and you may find a way that you can add shares into the mix alongside your property investments

Best of luck