Stock market information

[polerz]

I've been reading and reading both forums, the asx site, books I have on techno charting and factors which influence the stock market..

I just have alot of trouble in finding the information that I want to read. I currently hold some stocks in QTK and BXP, and the majority of the information that I read comes from forums which is really, really worrying.

I'm a UNI student, who works to stay alive through uni heh, but I have about 12k saved up and I want to do something with it. Leaving it in a bank account is pointless.

I do have time, but not much of it. I think I have a good feel for the stock market etc. but finding the information is the hardest part.

Is it worth me paying a broker to do my research for me? Subscribing to a news letter of some sort?

I had a look at fat prophets, and they want about $700 a year, which is a bit pricey for me since I am at uni. I also love the australian stock report, but again, too pricey at about $1200 a year.

Are there any alternatives?

Thanks

 

[Julia]

One suggestion would be - if you have decided you are going to invest your $12000 in the ASX - and if you have decided to use an online (discount) broker rather than a full service broker, then most of the online brokers have research attached to your membership. I can only actually speak for E-trade which I use, and I find they have several sources of research available for free. I also subscribe to FNArena's "Australian Broker Call" which costs $110 for six months. This can sometimes be useful, i.e. if their morniing report advises that six brokers have all issued a "Buy" on a particular stock, then that will often instigate some buyer action on that stock.

You can get a two week free trial: www.fnarena.com.au

The ASX website - www.asx.com.au - will provide you with all the relevant information about the difference between discount and full service brokers.

Other ASF members will have additional advice for you.

Sounds to me as if you're doing pretty well to have $12000 to invest while still a student - good for you.

Best of luck.

Julia

 

[polerz]

I'm with commsec atm, discount broker, do etrade provide more research to you than commsec?

 

[bvbfan]

I'm with comsec too it's useful for the data it provides.

I also you Tradingroom to research possible companies to invest in.
What I do is look for company presentations and broker reports by doing a search through the announcements, you can use ASX site as well i suppose

 

[tony2252]

Hi All

What does XT mean after a trade.

Also how can trades still be going through after 4pm sbm had 400000 at about 1.5 cents higher than the trades around 4pm.

 

[bvbfan]

XT is a cross trade, usually done by a broker from one client to another while receiving both the buy and sell commission.
You should be able to find all the codes on the ASX website if you look

The market doesn't close officially until the closing auction which is around 4.15pm, although trades may still go through until later

 

[michael_selway]

One suggestion would be - if you have decided you are going to invest your $12000 in the ASX - and if you have decided to use an online (discount) broker rather than a full service broker, then most of the online brokers have research attached to your membership. I can only actually speak for E-trade which I use, and I find they have several sources of research available for free. I also subscribe to FNArena's "Australian Broker Call" which costs $110 for six months. This can sometimes be useful, i.e. if their morniing report advises that six brokers have all issued a "Buy" on a particular stock, then that will often instigate some buyer action on that stock.

You can get a two week free trial: www.fnarena.com.au

The ASX website - www.asx.com.au - will provide you with all the relevant information about the difference between discount and full service brokers.

Other ASF members will have additional advice for you.

Sounds to me as if you're doing pretty well to have $12000 to invest while still a student - good for you.

Best of luck.

Julia

Hehe u forgot the 2nd bext one!

http://www.aireview.com