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Where to invest 1000AUD?

Discussion in 'Medium/Long Term Investing' started by kashtrade, Jan 22, 2020.

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  1. Trav.

    Trav.

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    another option for you to consider is products like the following that can help you save while going about your day to day life.

    I do not use but my young bloke uses a similar product and he is happy with it as it collects money which he doesn't miss.

    Fees are below but like anything you don't get something for nothing.

    https://www.raizinvest.com.au/

    https://www.raizinvest.com.au/product-disclosure-statement/#Benefits_of6

    upload_2020-1-26_8-15-39.png

    https://www.aussiestockforums.com/threads/rzi-raiz-invest.33976/

    https://www.marketindex.com.au/asx/rzi
     
  2. tinhat

    tinhat Pocket Calculator Operator

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    You say you are looking to invest $1,000 long term. I note that Commsec now do trades of between $500 to $1000 for $10 brokerage.

    I'm going to list some stocks that I think you could buy today and not come back to for five to ten years.

    Someone already mentioned CSL. I would add Nanosonics (NAN), Polynovo (PNV) and Xero (XRO). Take into mind that we can't be sure which way the stock market will turn this week, next month, this year or next year or where it will be in another five years time. The stocks I have listed are all "expensive" trading on very high PEs even taking into account forward earnings forecasts but I think they have great outlooks over the long run.
     
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  3. Knobby22

    Knobby22 Mmmmmm 2nd breakfast

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    I just think you have to get your feet wet so invest in a couple of companies, read their annual reports and develop your knowledge.
     
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  4. qldfrog

    qldfrog

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    And before getting ahead, something no one has mentioned
    You want the best ROI:
    So shares,ratesetters etc
    But 1000 is not such a great amount that it can not be easily spent...
    Have you thought about using it to avoid spending, reducing day to day expenses:
    A new fridge saving you a dollar a day , installing PV system to reduce bills, a new energy saver pump for a poil..i know..but you get the idea
    Even a car, maybe going from old 4wd using 12l per 100km to a smaller car using half that
    Anyway, all is is based on your life/lifestyle but before investing 1kbon the market to see it go in smoke in 12 months, i would make this babies work to save you a few bucks each day
    When this is done, start investing
     
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  5. kashtrade

    kashtrade

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    YOu explained it so well :)
     
  6. dyna

    dyna

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    If you belong to a not for profit superannuation fund or an industry super fund with low fees and good performance over this cycle,and your annual income is less than $38,500(?) whack the $1,000 into super, right away because the fed government will co-contribute free money to you, of $500.Do the maths.You won't get a better return on your humble one grand,anywhere. The co-contribution tapers off to zero when your income reaches $53,500(?)p.a.
     
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  7. qldfrog

    qldfrog

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    Yes and no for that advice
    Based on your age...
    150pc return in first year in super coins which might be either worthless when you cash them, or even stolen from you in exchange of a government IOU if lucky in the next recession.
    You can buy gold or bread with your $1000 now, what can you buy with the $1500 super?
    Just want people to think about that especially if young and in light of the super shifting environment in Australia
     
  8. tech/a

    tech/a No Ordinary Duck

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    For a grand I’d buy one stock which
    Is low risk but high probability of quick
    Increase.
    They are there every month just look at
    The monthly comp.
    Start with a stop to position size and be
    Aggressive on risk mitigation.

    it’s a grand so it won’t change your life if it goes
    Pear shaped
    But it WILL teach you a whole heap about Risk
    And opportunity.

    This is not a time to be conservative.
     
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  9. tech/a

    tech/a No Ordinary Duck

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    As Its 1 trade at a time thought Id post some examples---see how we go.

    OEC.gifOEC 1.gif
     
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  10. tech/a

    tech/a No Ordinary Duck

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    Been watching OEC

    Fell near the low of the V/C area 51c
    This fall back is now very deep
    indicating a longer period of Consolidation

    While Ill keep on a watch list Ill be looking for
    better prospects.

    Balance $1000
     
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  11. Saqeeb

    Saqeeb

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    @tech/a, with these type of trades, how do you manage your stop loss orders? Do you leave them with the brokers or manage them after EOD to sell next open.
    If leaving them with the brokers, are you not concerned about SP triggering your SL only to go back up the same day?
     
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  12. tech/a

    tech/a No Ordinary Duck

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    No Im not worried.
    IB do around $2 billion a day in Revenue.
    I dont think they are interested in my Stops.

    Managing the stops isn't something I need to do until Im filled
    Then I'm pretty aggressive until I'm at B/E.
    Once We get on one Ill update how I trade it and why.
     
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  13. Saqeeb

    Saqeeb

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    Thanks @tech/a, very much interested to see how you trade one of these.
     
  14. tech/a

    tech/a No Ordinary Duck

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    Could have traded OEC at 53.5c (When I posted at 10.54) with a stop at 50c
    But in my view this is likely to range.
    Even so the Risk is 3.5c on 1700 shares or $59.50.

    Will keep an eye on it based upon the above.
     
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  15. barney

    barney

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    Best advice (sorry, lets call it an observation as advice is not allowed:p) I've seen so far @fergee.

    Trying to make a few bucks on the stock market with $1000 bucks is very doable over time, but a bit like watching paint dry, unless you put it on a higher risk stock (as per tech's example above etc)

    Seriously, if I only had 1 thousand bucks to invest … i'd buy 2 lawn mowers, 2 whipper snippers and rustle up 2-3 lawns to mow in my spare time each weekend ($100 clear profit after expenses) and smile at the bank balance of $5K at the end of the year:) .....

    Agreed, a bit more work than simply watching your "Commsec":rolleyes: account every day … but likely a lot more rewarding .. and after 3 years you will have $15K to "dabble" with (which in all honesty, is probably a heck of a lot more than you will have left of your $1K stock investment over the same period;))

    Honestly (in my opinion) … trading the stock market with anything less than 'a lot of money' is generally a waste of time (and money!) … unless you get lucky:)
     
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  16. tech/a

    tech/a No Ordinary Duck

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    Barney

    I was a lawny many years ago.
    My very first business!!
    There is opportunity there for sure.
    Build em up and sell them off!
    Bought my very first Industrial Property doing just that!

    But still lets persevere with the grand!

    SMP.gif
     
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  17. tech/a

    tech/a No Ordinary Duck

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    CT1
    In a very good field.

    CT1.gif
     
  18. barney

    barney

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    LOL … Indeed tech …. finding a spec/semi spec stock that has the potential to increase the initial stake exponentially is actually "where I live" trading wise, so I understand your suggestion, often to my own detriment unfortunately:(:D

    In reality ….. to the unwary/unknowing however ….. mowing a few lawns would likely return far more than trading ever will … without the associated stress etc when things don't go as planned:( Sad but true (as I imagine you may agree?)
     
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  19. tech/a

    tech/a No Ordinary Duck

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    So Been tied up in morning meetings.

    But If I WAS trading OEC I would have my stop RAISED to 52c
    Wont be giving these any breathing space.
    Want my average loss well below 10% in the longer term.

    CT1 Close to buy trigger.
    SMP Stagnant I didn't mark the chart above.
    First to trigger if they do will the one to trade.
    Orders are today only.
     
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  20. tech/a

    tech/a No Ordinary Duck

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    Saqeeb Ill put it as you suggest in my thread in the members section.
     
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