New member here

[Jake7mm]

Hi guys, first post here, some advice to get me started would be great.
I'm looking to trade shares (but not daily) and hopefully be successful, obviously to make cash. I already have money sitting in a couple of etfs but it's slow going...
Am trying to understand comsec, pulling data from Yahoo finance and using incredible charts... Hard work and I am not experienced. Should I just look at blue chip stocks until I learn a little or any other advice?
And maybe a direction I should take that can help me come tax time, as I am already a high earner with no other investments.
Cheers,
Regards, Jake.

 

[Wysiwyg]

Fully comprehend risk. I found this definition of finacial risk.

Finance:
The probability that an actual return on an investment will be lower than the expected return. Financial risk is divided into the following categories: Basic risk, Capital risk, Country risk, Default risk, Delivery risk, Economic risk, Exchange rate risk, Interest rate risk, Liquidity risk, Operations risk, Payment system risk, Political risk, Refinancing risk, Reinvestment risk, Settlement risk, Sovereign risk, and Underwriting risk.

When you place money into the market it is "at risk" of becoming less in the range of slowly to quickly. Consciously we don't want this to happen but it does and as such must decide what action we will take when our asset becomes lesser value.

 

[Jake7mm]

Of course we all want money, that's the aim of the game. I got some property but that is slow too, so I thought about having a crack at stocks, not many choices left other than let it sit in a bank account....

 

[PZ.]

It's not even safe in the bank these days.

We have a monthly stock competition that might give you some ideas. No buy recommendations there but it's a good place to start finding stocks for research. Blue chips are good but dividends are added to your income so it's worth talking to an accountant if you haven't already done so.

Cheers