/biz/ - Business & Finance

Sweet. Bump for /aus-biz/
Somebody told me to buy ASX last week, but I didn't have the cash.
>all time high today

>>419832
yep. Holding everything at the moment, only thing i really want is CCL as i mentioned above.

Wouldn't mind a bit of a crash though. There's a few i want to snap up on the cheap.

>>419840
Big crash when? I've been hearing that it's going to be in the next couple of months.

>>419845
eh, who knows, couple of months most likely, but that's the beauty of it. You never really know.

bump for /aus-biz/

any Australian app developers here?

>>419845

i'm hanging out a bit too for a correction or something before i start dumping cash into my index fund

but it will probably keep climbing forever. all the printed money has to go somewhere for a return.

Tfw bought ccl at 12.95
When will this horror end

Aussie bump.

>tfw your country will never be as much of a shithole as Ausfailia

feels good man

>>420722
Yeah, it's truly terrible here. We risk our lives every day because everything is trying to kill us, we're overpopulated and full, the weather is consistently horrible, the sea is full of poisonous things, we definitely don't have long sandy beaches and things to do outdoors, and one of the highest standards of living in the world.

Pls don't move here, we're full already and it's truly hell on earth.

anyone do anything today?
Still didn't get CCL

shameless bump for /aus-biz/

hope nobody bought slx recently

i've been keeping an eye on them for a while, holy fuck what a bloodbath

>>420997
Hmm... you know... that might be a good buy right now. Going to read up more on the company.

>>421004
maybe, their tech seems impressive but the timing is bad. there will still be an oversupply of enriched uranium in the coming years, which means the price could drop even further.

>>421011
They've just been hit with a trading halt.

Read through their announcements.

Definitely high risk. I might throw $1000 on it for shits and giggles 'cause a) i can afford to lose that no worries and b) for shits and giggles because i haven't done much this week besides just watch the market and try to get CCL on the cheap.

>>421018
>*readING through their announcements
fixt - just saw my error and i felt it came off as being arrogant.

>>421018
More i read, more i think this could be a really good buy.

>>421021
putting a bid in for tomorrow @ 0.49 for $1000

>>421027
>>420997

That is slaughter.

I bought POS a week ago and it has done very well for me.

>>421031
yeah, POS has done well. They have reached their peak for now.

>>421031
and throwing 1k at SLX doesn't bother me >pic related
And that doesn't even take into account my house (no mortgage).

My mother also died in April and all up she's worth around 8.5mil which my sister and i are splitting 50/50 (no dramas between my sister and i either.)

>>421035

Age?

>>421078
34.

>>420022
See ya in maybe 8 years!

>>421033

Nah mate they have a NPV of 44 cents per share. The peak is not going to be reached for a while yet.

>>421205
hmmm... you think they are worth a buy at the price now?

>>421207

Hang on a tick, i'll post my more in depth analysis in a second post. Just letting you know i'm here.

>>421209
no worries. I'm having a gander at the moment.

>>421209
THIS IS NOT FINANCIAL ADVICE.
POSEIDON NICKEL LIMITED.

1. POS has a price target of $0.60 ps, which has a NPV of $0.70, from BBY.

2. They just purchased the Black Swan mine and processing plant from norilsk using money they already had, without share issuance.

3. Black swan likely contains 2-3 million ton of ore which could be processed into 10-15,000 ton of nickel at $11.20 per kilogram. Market price of nickel atm is 18.95$ per kg.

4. They had $2.95m in cash on Mar 31.

5. They have $8.0m in debt due Oct 1 @ 15.35% pa, and $35m convertible notes issued 28 Mar 2011, due by Mar 28 2017 @ $0.30 per share and $0.40 per share.

6. They are going to start paying dividends in the 2016 financial year

7. It does not seem that the indonesian government will ease restrictions on nickel exporting any time soon. Indonesia is the worlds largest source of nickel, and they have banned the export of the ORE. They are trying to create a nickel smelting industry within indonesia. Thus, the nickel ore is increasing in value as a commodity internationally, which led to the mine being reopened.

8. This project is backed by twiggy forest

sources:
company announcements and news, all findable on commsec

>>421212
>THIS IS NOT FINANCIAL ADVICE.

I know, don't worry see
>>421035
is me

Reading into them more deeply now.

Currently holding $10k in NAB which has been creeping up slowly but consistently. Would it be worth selling it off and putting it into CCL, or should I keep it and buy CCL additionally? At the moment I've got ($5k at the moment)

>>421215

i'm not going to get fucked in the ass because someone can prove i'm giving them financial advice.

Anyone considering buying WBC? CCL looks bretty good but idk. Its a pretty long term go. I have less money so i'm looking for more high yield/high risk. want to open a 1k position tomorrow.

>>421228
Fair enough reason.

I've been trying to buy CCL this week @8.8 up til 8.95 today, going to bid 9.0 tomorrow. Definitely long term

I have WBC at the moment (and have had them and most of the banks) for years. Always been solid. I do try to tell people (friends whatever) to start off investing in banks, woolworths etc - things they know..
If WBC were to drop to 30 i'd accumulate more.

I guess i better disclaim NOT FINANCIAL ADVICE too

>>421229
speaking of friends, just need to vent a little. My best mate since we were kids, he's married, has a wife whose pregnant (due in august) and he's been asking me for YEARS how to start saving/investing etc. I tell him, give him advice, then he goes and maxes out his credit card for a new tv which he doesn't need, takes out a loan to buy a new car thats usually a V8, goes down the pub and i watch him put $500-600 into pokies every weekend.

I've told him all this, i've tried to explain. Hell he's paying off a loan to ME of $2000 just because i wanted to help his out at one point and i didn't want him to go try another loan (so he's paying me back slowly, no interest - its fine)

When his baby is born (i'm the Godfather!) i'm going to give his wife, as a present $5000 and tell her (in front of him) "that is for the baby. Not for Matt."

God he infuriates me with his choices. He's almost 35 too.

>>421229

Lol. I hereby disclaim all posts under this ID as NOT FINANCIAL ADVICE.

I have opened holdings in banks but I am only 20 and just entering the market so to speak. I am well on track to turning my 3k investment account into 10k by Christmas (aided by irregular cash injections mind you). So i'm trying to pick shares like POS whenever I can to get a quick start. I do hold about 1k in bluechips though.

I understand I probably sound like a bit of a le ASX will make me a millionaire out of $500 in 3 months, but i'm not jumping on penny stocks at random.

Other shares I have been considering include Helloworld travel, and a bunch of mining companies. I feel that in the short term (i.e. 6 months), russian sanctions will have a positive influence on commodity related corporations. I also am looking to invest in food companies for long term as I feel the growing population in asia will turn australia into a bread basket of sorts. Just got to pick the people that will lead the pack.

>>421232

Hey bro I feel you. Some guy on my facebook just put this up.

6 hours ago
Could my life get any worse. $700 phone bill, $2000 on my credit card and a $1200 over draft!!! — feeling meh.

Not a good way to be when you're 19-20 and a uni dropout.

>>421232

Both infuriating and disappointing.

Impulse control just never develops for some people.

>>421238

Thoughts on LEI (without being advice)? They have one hand on the WestConnex project, plus a few more gigs coming up.

>>421236
that's some good profits your turning. Hope you do well.

>>421238
>>421239
Yep.

Here's an example, we went to the pub on Sunday afternoon, we have few bets on the dogs/horses - which i don't mind.

End up going and sitting next to him while he plays the pokies. I rarely play them, maybe once in six months, but i was bored so i thought fuck it and put $50. Well, i ended up doing good and pulled out $100 from, double my stake? pretty good.

I cash out at the bar, come back to him with more beers and he says, "why did you cash out?"
i replied, "because i doubled my stake and thats pretty fucking good for pokies"
And he just says, "pffft where's the fun in that".

Honestly, if he won the lottery, he would be bankrupt and spent it all within a year.

>>421243

Is his behaviour inherited, lack of education or what?

>>421241

P/E of 13 years, not toooo bad. Compounded annual growth rate 2011 -> 2014 is only 0.2% though. They do have a gross yield of 5.9% though. The gross yield of 5.9% alone should drive them up a bit right?

http://www.theaustralian.com.au/business/internationals-vie-for-leighton-unit/story-e6frg8zx-1226999262644

I am an absolute noob at the stock world though, only started a month ago.

Thats just the numbers I conjured. I dont really know anything about LEI though. They could come good.

>>421243

That is a top lel behaviour. Only game I partake in is blackjack and I never, on principle, gamble.

>>421245
he's a smart guy for sure.
He grew up in the houseos (i do admit i was born with a silver spoon in my mouth) single mother and his older sister. His mum was always in debt, his dad was actually quite wealthy but was the biggest asshole in the world. Somehow his dad managed to get out of paying child support to Matt's mum. On top of that, his dad was the kind of guy who had kids everywhere. Like he would marry a woman, have some kids, then split and do the same thing. Matt's got so many half-brothers/sisters out there, it's insane.

So there's that. His mum is a really nice woman, i refer to her as my second mum. But she would just blow her paycheck on crap (she always looked after Matt and his sister though, like his mum always had food/clothes etc for them).

He just got promoted a couple of weeks ago, extra $20 grand a year + commissions. he's a regional sales manager and he's doing really well at it, So he is starting to make some good money....

...So he's already talking about "paying off this loan and buying this/that/etc"

But i think with the baby, he'll start coming round and thinking about his choices more.

Actually i'm 99% sure he will

He'll be a good dad.

>>421250
I don't mind a bet of a few bucks on dogs/horses - at least there's a degree of "control" there, like i have a choice on who to pick, the pokies though... fuck... it's just press a button.

I love blackjack myself and love going to the casino and playing all night.

>>421252
Oh and karma finally caught up with his dad.

His dad fell off a ladder and ended up having a stroke and he's pretty much completely paralyzed.

>>421252

At least the guy seems to have made something of himself.

Your thoughts on LEI? I probably should add they have a joint venture with BLD on a few projects, so one way or another, they both go hand in hand.

>>421258
>I AM NOT A FINANCIAL ADVISER

LEI is interesting, especially with DVN if that goes through (i think it will).

Might be a good time to buy.

>>421252

Yeah sounds like his mum is just programmed to be a mum and not a breadwinner.

Only thing worth betting on is tangible things. Like you can look at greyhounds and have a feeling. Its not gambling in the same vein that rolling a dice or pressing a button is.

Sounds like he's improving though.

Do you touch options at all?

>>421261
I have done options before, not so much lately.

I'm in a good spot at the moment and honestly? i'm just sitting for a bit as (i think i mentioned this in an earlier post) i'm about to inherit with my sister my parents estate and all their shares, property, cash, superannuation (which my sister and i have to close and pay 21% tax on) etc (mum died in april, dad died in 2008).

So i'm working all that in and also starting to divorce my wife (she's Brazilian, i lived in Brazil for almost 6 years until this time last year when we split).

So yeah, have other things going on and i feel that with my portfolio it's just a good time to hold. I'll dabble a little, like trying to grab CCL and others that have been mentioned in this thread.

Bump for /aus-biz/
Do you's have any thoughts on the current housing "bubble" in aus I want to buy at the start of next year but hoping it'll pop before then. Also I heard an interview the other day comparing the price of buying to renting and investing the difference anyone staying away from a mortgage

>>421264

Just from that, would it not be wise to let your sister take all the money etc etc etc until the divorce is over?

A relative of mine died during divorce proceedings and her lawyer took over and filed divorce proceedings against her estate for fees owing and jewed me out of out of some inheritance. That sounds like a few busy months/up to a year ahead just organising all that property/shares/cash/super.

>>421266

It aint gonna pop in Melbourne, occupancy rates are breaking new highs and construction is booming. Seriously there is a massive shortage of accomodation in melbourne. Of course it does depend where exactly you buy. You can buy houses in rural Tas for about $80k (I live in Tasmania btw)

>>421264

Would you still recommend marriage?

Anticipating market slowing down here or overseas or both?

CCL has been mentioned in the past fortnight on a few places as a good, long term blue chip. I'd be riding property and construction for the next 18 months before going back to foods/agriculture.

>>421266

>I want to buy at the start of next year

You'll be paying close to max price.

Projects are flying out the door and will be loaded for another 12-18 months. Give it another 6 months after that for the market to react and then you'll get the pop.

>>421268
No, my wife won't go after me. Nor could she touch the inheritance. She's a psychiatrist and her family is reasonably well off.

We signed pre-nups (i know they can be broken), but we're being very civil to each other and if she did try? Well for starters she would have to come to Australia to "get me" and i'd just unleash the hounds on her (my lawyers) - besides i can prove (receipts!) how much i spent when we were living together - basically upgraded everything in her apartment, new bed, tv, pc, couch, dressers etc and i paid the bills and the rent. I also left stuff of mine there (two very nice guitars - worth around $2,000 each) and i bought her a brand new car.

This also doesn't include holidays to Australia (business/first class) for her, all the visa payments, the entire wedding i paid for (we got married in Australia) etc etc

I never asked for any of those things back or payments etc.

She wouldn't have a leg to stand on really.

...and besides, even though our marriage didn't work out (i still love her unfortunately) she's always made it clear that she would never come after my money. It was her idea to get pre-nups anyhow.

>>421270
>Would you still recommend marriage?
Absolutely if you love each other.
You know the old Beatles songs, "can't buy me love" ? - it's true. I'm a rich guy and getting richer but it's not getting me love.

>>421269
Well brisbane is fucked ATM

>>421266
Housing is over valued at the moment in Australia, no one can deny that. I don't believe the "bubble" will burst any time soon, mortgage rates are very low at the moment.

Shit's overvalued, but the bubble won't be bursting anytime soon.

>>421273

Bullshit. http://advamode.com/advamode-developments/property-investment/

SEQ is like the fastest growing part of Australia.

>>421272

Yeaman I plan to get married in the next year or two also.

Do you have any advice (NOT FINANCIAL ADVICE) for people starting out in the business & financial world?

>>421276

Govt keeps it overvalued on purpose. Always will so long as we as a people let them and I dont see that changing soon.

>>421277
>Do you have any advice (NOT FINANCIAL ADVICE) for people starting out in the business & financial world?

Pic related.


On serious note, don't borrow money. Only thing you should borrow is to get a mortgage (and even then there's mixed feelings about that).
I mean, borrow money from your parents if you can, but don't take out a loan to buy a new car for instance when your beat up little toyota still does the job.

Investing? read read read, read as much as you can. Start out small, start with what you know. Don't get in over your head (and don't ever listen to the Motley Fool)

Don't invest when you have debt.
Live within your means, not your goals etc.

There's a good book written in the 20s i believe called "The richest man in babylon" - its very good, full of parables.

Oh and don't do cocaine. It's too expensive here in Australia.

That's all just general advice as you weren't very specific.

And of course, best advice? Not from me, from Warren Buffett
>Price is what you pay. Value is what you get.

>>421283
Oh shit, i almost forgot.

Don't let your emotions guide you when investing. Be a ruthless fucker. You'd be surprised how many people get "attached" in an emotional way to certain companies/shares etc

Then there's this whole "ethical" investing thats going around now.

but that's another story.

>>421283

>motley fool
Those fucking kikes ruin everything. They really should be taken out the back and shot.

This is all pretty inciteful stuff though. Its just ironic. I have friends, a lot of family, and i'm religious.

>>421285
that's just a joke i've always loved on the Simpsons.

I have friends, family but i'm not religious *tips fedora*

>>421286

I've never fully understood this whole emotional investor thing. Is it just like, close a position at a loss and dont just ride it thinking "its gonna go up.. tomorrow, yea tomorrow!" or is it more like getting profits and trying to ride upswings too long then losing all that profit anyway?

>>421285
I am actually still subscribed to their email, i find most of it funny.

I forget who said this and i'm paraphrasing a bit here.

>If you read about a investment tip in a newspaper it's already too late

>>421288

Just... pay us money and we'll tell you the motley fools TOP STOCK TIP OF 2K14.

Actually, the funniest part about motley fool is how they spin this whole "your financial advisor wants to steal from you". It sounds purely loony, but i can imagine some old codger getting on google, typing in "investment tips", and developing a paranoia of big bank financial planning and investing his money in whatever penny stock MF is pumping, etc.

>>421287
It can vary from people not investing in a company because they don't like the product
Something as simple as "i don't like coca-cola and i'm a health nut, i will not buy CCL"

Or maybe you bought a stock and it turned out to be a real killer and you got great gains from it. But when the time comes when you should sell it, you might look at it fondly like an old tshirt thats full of holes but you still love to wear it because its comfy.

Or.... Panic.
'When things start going south, people panic and sell.
Take the financial crisis in 2008. Man, i had just been into investing for about a year, dipping my toes etc and when all this happened i, naturally went to my mum for advice (she was a really savvy investor, truly the brains behind my parents and my dad was no slouch either).
I was a bit "panicking". My mum just said, "this happens. What you do is wait.... then buy. buy buy buy"

Which is what i did and pretty much the biggest reason why i made so much.
People are idiots. But any idiot can invest and when shit hits the fan, people get more idiotic and start acting like sheep.

To quote Warren Buffett again (you can probably tell i have a great amount of respect for the guy)
>You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.

>>421291
>Or.... Panic.
And on the flip side, when the reverse happens and your shares go up.

Just like life, the markets, everything in life really.

It's a rollercoaster, it's goes up and down, it has thrills and chills. The longer you ride it, the more accustomed you will get to it.

>>421250
>Only game I partake in is blackjack
>I never gamble
>blackjack not gambling

You sound like an intelligent dude who sure knows what he's on about, but you just had a brainfart there

Here's a question that I appreciate isn't fully related to finance or business.

What would you say to a graduate from the UK with a very weak degree who wanted to emigrate to Australia and find a job in one of the markets with a labour shortage, mining/agriculture ect?

>>421299
Fuck off we're full.

But seriously? Do what you want to do. Can't really give you advice on whether to move country or not.

>>421299

UK citizenship + want to work in a mine? Get your certs and you'll be on site in no time at all.

>>421298

Sorry, I should correct myself. I play blackjack, but I never play with real money, only counters or something.

>>421302

I've pretty much made my mind up, there's doubt but as far as that is concerned I'm lost for other things to do.

I'm hoping that I can get advice on how to move country and what to expect once I've done so, rather than whether or not to do so.
>>421303
What do you mean by certs? Visas?

>>421309
http://www.immi.gov.au/

>>421309

see >>421311

Mostly just whitecard, insurance, heavy vehicle licenses, whatever.

>>421232
Don't give friends 'financial' advice its the easiest way to ruin a friendship. Besides your humiliating him in front of his wife and kid that's not what a so called friend would do. I think you should just keep your opinions to yourself.

Great chat going on in here, really liking some of the more experienced calls, mixed with some newer minds. Finally out of debt next week, when the ATO returns half of my tax money.

Now, if only I can stop getting speeding tickets, I'll be able to start investing sooner. This fucking city, cameras everywhere.

Bump for overpriced cocaine.

>>421997
Or just dont speed maybe?
That is bullshit a impulsive attitude to speed and blame it on speed cameras in the city

>>422165
So, when's your 16th birthday?

>>421890
Best friends since we were in primary school. We're both 34 now, that's over 25 years of friendship.

Not going to ruin anything especially since i know what i am talking about and he knows that i'm right.

It's not humiliating to him at all since i've already told him about the present. He completely agrees that i should give it to his wife and not to him. It's more of a surprise for his wife and to help him out a bit.

He already owes me money from a loan i gave to him, which he has been paying back. (he's borrowed money from me before and always paid it back and there's never been drama).

We're extremely close and i'm going to wager that you are between 18-22 or there abouts. So i hate to pull this card, but i have much more life experience than you and things get different when you hit your 30s.

>>422169
>>422165
>>421997
He's right though. Don't speed or at least find out where the cameras are in your city.

Can't really blame anyone but yourself if you keep getting speeding tickets.

>>422172
I know. I've been living overseas for the past 7 years. In that 7 years, Sydney has become infested with speed cameras in places where you often need to put your foot down temporarily to overtake, otherwise you end up going the wrong way. They are also in places where going 5km/hr over the limit isn't exactly going to endanger school kids. Don't get me wrong - speeding on suburban streets is irresponsible and dangerous.

I think I managed one speeding ticket in London in 6 years there (in the most surveilled city on earth). Anyway, it's my stupid fault. But I've been given a couple of expensive lessons since coming back.

>>422176
yeah up until the middle of last year i was living in Brazil for almost 6 years and i have noticed a influx of mobile speed cameras etc

I just don't speed anymore really. Always make sure i'm doing 40 or below in school zones, mainly because a big fear would be some kid just running straight out on the road and me hitting them. If i was going over the speed limit could end up at worst in jail. Also having to live with the fact i killed some kid.
So that's always been a fear of mine. Yeah 5ks over the limit may not endanger any kid than 40ks but better to bbe safe than sorry.

>Sydney has become infested with speed cameras in places where you often need to put your foot down temporarily to overtake
I drove out with some buddies to Katoomba on the weekend. I was driving and fuck me, so many mobile speed cameras/cars etc, especially on over taking lanes. We honestly must have counted over 12.

>>422180
I've been enjoying your stories of Brazil and your astute tips. While I've always been good with budgeting, I'm really a noob at investing and finance (uni turned me pinko). I'm set to inherit a fair chunk down the line and I want to learn this shit early with my own money.

>>422176

They put sets of speedcameras along roads that all record you as you go by, then they find your average speed and if its over the limit you get fined. Its bullshit.

>>422170

Distant family gave me 10k today so now I have 15k to invest and it is very scary because suddenly i have 15k instead of 4.5, 4.8k. Those margins.
How do you handle the pressure.

>>422187
Thanks mate, i enjoy talking on here too and hopefully giving some good advice.

I really like how a lot of you young guys (to me) are looking long term and planning for your futures.

I certainly wasn't doing that when i was late teens/early 20s. I would get a paycheck on friday (of every second fortnight when i was on the dole) and just blow through money on alcohol, drugs, clubs, cars etc and be broke on monday.

>>422192
Well, like I said, I was overseas independently for 7 years. So I'm late-20s now (aka best-20s). But yeah, while I budgeted well, I spent it all on travel and studying over the years. So, actually saving money to make more money is a new concept for me, and I've realised that it doesn't have to stop me from traveling.

What's the worst bank in the Big 4? I say CommBank.

>>422195

They offer the best savings accounts though.

>>422191
>How do you handle the pressure.

I don't (or at least try as hard not to) let my emotions get involved.

If a friend comes to me and asks me how to start investing, well i help them as much as i can. I do tell them that in my opinion (again opinion) to start reading as much as they can (most don't though and just want me to wave a magic wand for them). I also tell them to get it simple when starting. I recommend something like Woolworths (WOW) for instance. Why? Well it's a company that every Aussie knows. You know they are a supermarket, own liquor stores, petrol stations etc, and you probably shop there (or Coles but you know what im getting at).

Woolworths isn't going to crash over night. It's not going anywhere anytime soon.

I wouldn't dump all your 15k into investments to start with. Start with just a portion of it. Find out what companies you would like to buy into (again, companies that you know what their product is - i use woolworths as an example and even though i do have shares in WOW i am not going to tell you to go buy them.) I also recommend companies that pay a good dividend.

So start with a portion of your money, 3-5k around there. Have a look around, read about companies you are interested in and above all. Don't get into the belief that you are going to make huge profits straight away. Don't sell for the sake of selling. Watch your shares go up and down, find out why they went up, why they went down.

Again - i'm not going to tell you what to buy, this is just general advice.

>>422194
Travel as much as you can while you are young. I'm probably going to go to the States next year, hire a caddy and do the whole East to West coast, route 66, all that bullshit. Haven't been to the states since i was a kid and i want to visit "New Rome" while i'm still young.
I really have always wanted to visit Eastern Europe, especially Ukraine (Chernobyl has always fascinated me and you can get guided tours through it now) - but... well... not just yet for obvious reasons.. Also people say "don't go to Moscow/St Petersburg unless you know a Russian friend - people will rip you off, cops will demand bribes, storekeepers will rip you off over a can of coke etc".

Also, as you probably know. Foreign girls love Aussies. Actually everyone seems to love Aussies overseas.

any advice for a 20 year old high school drop out earning minimum wage with ~15k in savings

>>422206
any reading recommendations? i've been sinking time into investopedia but i figure a few good books can't hurt

>>422250
The richest man in babylon is one i really like

The smart investor.

I haven't read too many books about finance personally. Someone else might be able to help more.

>>422252
>The smart investor
do you mean the intelligent investor? not getting much else when googling smart investor apart from the magazine.

i'll check out the richest man in babylon, looks interesting.

what do you recommend friends read if not books?

>>422254
oh yeah, sorry intelligent investor is what i meant.

asx.com.au has some good tutorials in their education section.

How much should I have saved before entering the market?

>>422264
ideally you should have no debts. You can start in the market with whatever you have.

Personally i'd say start with at least 2k

>>422268
Oh, well I'm well above that. I thought I'd need about 25k before doing anything

>>422275
nah, to get started you don't need much. I wouldn't recommend putting too much in to start with at all.

>>422276
Just to use an analogy.

Compare investing to learning the guitar.

When you want to learn how to play, you don't go out and buy a $6000 custom made Gibson Les Paul and start playing like Hendrix (unless you are very rich and have natural talent) No, you'll buy a cheap guitar and start with the basics, how to form chords, major scale, learn some simple songs that you like, and progress from there.

It's the same thing with investing. You start small, learn the basics and the more you "practice" the better you will become at it. Now practice doesn't mean buying and selling every day or every few days. I mean you would start with a small amount of money, 2k-5k and buy the "simple" companies, such as woolworths as i used in a previous example or maybe one of the big banks or maybe Coca-Cola Amtil... just like when learning to play the guitar you might start off on simple songs from Bob Dylan, Nirvana, Green Day or the Beatles.

Just like playing the guitar. I could throw all the theory in the world at you and tell you to read this book and that book, but until you actually have a guitar in your hand (some shares in your portfolio) you won't learn as fast.

You can read every book in the world on investing, but until you actually put real money down and start watching, you won't learn nearly as much.

That's not to say don't read and go in blind. Read, read the business sections of the papers.

In the same way when you first buy a guitar, you would probably buy a "how to play guitar" book or look up on google.

And, don't get discouraged. Unless you are extremely talented, you won't start playing like hendrix start away. It will take time. Same with shares. Don't just invest and then think "this shit is going nowhere" and give up.

Like anything, it's a learning experience.

I hope that made sense.

>>422281
It did, thanks, but it's nothing I wasn't already aware of haha
Like, /fit/ genuinely got me fit. So now that my focus has been shifting over to money just recently, I'm thinking maybe /biz/ can get me some cash, and it seems the route recommended by most is trading stock, which is just a complete mystery to me. I have a good conceptual grasp of what stock is, and how it earns people money, but I have no clue about the practicalities of it (like where one actually purchases and sells stock, where I'm supposed to deposit any profits, etc.)
I guess that'll become clearer when I explore some /biz/ literature more thoroughly.

>>422289
yep, just hang around
as for buying/selling shares, you can get started via one of the major banks. Open an investing account with them. I think they generally charge around $19.95 brokerage,

ie - You buy 100 shares of a company at $1 each, so that will cost you $100 (for the shares) and $19.95 brokerage, so the total you will pay would be $119.95.

Again, there are different prices per company. I was using westpac as an example (they charge $19.95 brokerage fee for their online investing)

>>422291
You're a patient and kind soul, RtxQvGQt. Thanks for humouring me.

>>422292
eh, i enjoy it.

>>422289
How many people have gotten /fit/, and on that success have come to /biz/ for $$$ growth?

>>422337
i unno
I'll let you know how it works out, I guess.

>>422341
I'll let you know huehuehuehue

Arnold is the combined /biz-fit/ success story, having over a million to his name in his 20s and being stronk and built as fuck.

>>422345
He also made some savvy investments with his early money from body building.

Bumping on the off-chance this isn't here when I wake up

What a wasted week by me pondering on taking the plunge with LEI.

bump

>>422281
Also expanding on this comment, most likely you will never end up playing like Hendrix. You can get good with practice, but going along with the guitar analogy, 90% of people just get 'pretty good'

But be happy with that, or as an alternative invest mostly in index funds and get market returns, as we knows the vast majority or investors don't beat the market over the long run, hedge funds included (after fees)

>>424317
Exactly. Let's consider Warren Buffett - possibly the most successful investor of all time.

He would be the "Hendrix" of investing. (Whether or not we get into whether Hendrix was the greatest guitarist of all time is not what this is about)

It's more than likely than none of us in this thread will even sniff at a billion dollars.

But who knows? Maybe there's a young Buffett here or a young Rinehart

But that doesn't mean you can't become wealthy and financially secure.

Also, we do have to remember that both Buffett and Hendrix were very much a product of their time (right place, right time)

Just like anything in life, the more you do something, the better you will become.

That is why i used learning the guitar as an analogy and i'm a guitarist myself. As most of you know, i'm 34 and have been playing since i was 7. That's 27 years. Hendrix died at 27 and wasn't playing guitar when he was a baby, so even though i have been playing guitar for as long as Hendrix lived and consider myself good and can play any of hendrix's songs etc I am still not on his "scope".

>>424317
>>424319
Just babysit me a little more and let me whether or not this is an okay idea:
I'm making a high interest savings account and a transaction account with ANZ tomorrow, and then I'm going to hoarde my student benefits until december, by which time I hope to have about 5k in my transaction account.
Then I'll transfer 3k into an investing account and start playing around with the market then (I'll have hopefully done a fair bit of virtual trading by that stage). Any returns I get I'll deposit into the savings account and just continue like that for the life of my degree, and I'll be hopefully cashed up enough to pay off all my debts by that stage. (And then take on some more debt by buying a house?)
If it wasn't clear enough from the above and my previous posts, I'm very young.

>>424345
> I'm very young.
How old?

i ask because...
>And then take on some more debt by buying a house?

>>424348
19, but I'll be turning 24 when I finish my degree. I've always heard from my parents and others that you should buy young, and I have some friends younger than 24 who are already buying.

>>424350
Personally? I wouldn't lock myself into getting a mortgage at your age. And would only recommend a mortgage if the person has no debts.
Your 20s are a great time to travel and see the world, who knows where you will end up or prefer to live?

Again, that's my opinion.

>I'll have hopefully done a fair bit of virtual trading by that stage

That's a good way to learn, but i do go back to my guitar analogy. You won't truly learn until you actually pick up a guitar, just like you wont truly learn until you use real money. But by all means do some virtual trading. It's all experience.

If i was you i would try to pay off all debts. Debt free truly is freedom, and i do believe the only thing you should borrow money for is a mortgage.

And don't forget to enjoy your youth, go out, party, travel etc

3k is great to start with and i think you have a good plan.

>>424357
Sounds sensible enough.

>>424368
Just remember to enjoy your youth man.

Plenty of time to be an old fart.

>>424369
haha will do
I mean, I do already take advantage of my youth and go out frequently, but it's this travel thing that keeps coming up - not just on /biz/ but everywhere I look. Travel seems like an expensive frivolity. I mean, I'm sure it's fascinating and it will broaden my horizons to experience the breadth of the human condition and explore foreign economic niches, but I can't see mindless travel being so beneficial so as to outweigh potentially thousands of dollars in airfare and accomodation expenses. Seems like something I'd rather do later in life

>>424371
Traveling is amazing in your 20s.

Also... foreign girls love Aussies, they really do.

It's really worth the experience.

>>424373
>Also... foreign girls love Aussies, they really do.
:^))
Well, I'll let you get back to you aus/biz/ discussions then. Thanks mates

early morning bump. Go out there and get 'em lads.

>>424345
I'm not 100% sure what the ANZ high interest rate is, but take a look at Virgin Money, I'm getting 3.75% base rate, and I always see these banks saying "get 4.1%!!!" But it's for a promotional period of like 2/3 months, then goes back to 2.25 or 2.5 etc. just something to think about.

and here we go downwards... don't panic lads.

>>422207
I spent the last 7 years traveling, so I've had all the foreign poontang. I've got a nice flag collection going on. So yeah, still want to do some more traveling - I want to go back to Iceland next year for a month or so. In the meantime, however, I want to start making cash with cash, rather than time.

>tfw checking my bank account every hour to see if my tax return has come through

mygov's been updated with processed. Any minute now...

>>424371
Travelling is a personality thing. I've done it and it's okay, but not worth the cash the way I see it. I'm also a quiet beers with friends rather than clubs and pills kinda guy, too, so I figure it's personality.

Anyone trade today?

>>425429

yeah mate bought 22000 shares in poseidon nickel

Holy shit QBE Currently at a 11% loss today so far!

>>425529
>>426171

My poseidon shares have gone up 9.3% today. Bad luck to you

>>426539
I just took a look at the charts for the past week
holy shit, is that kind of growth typical/sustainable?

>>421035

What app or site is that?

>>426539
I didn't say I brought into or hold QBE....

>>426611
reckon

>>426171
yep, i bought QBE in dec 2011, down 7.43% as of today.
Not too worried though.

>>426596

yes. its going to go up to 40 cents a share. trust me m8. drop an email if you want to talk stocks into the future.

>>426612

true mate. ah i very nearly bought them when i bought poseidon so glad that I didn't now.

>>426596

I should clarify, send me an email if you want to discuss it in depth.

Basically, nickel has shot up in value because le indonesian genius government has banned nickel ore exports to try and stimulate the smelting industry in slant land.

Then POS bought a nickel mine of norilsk and is good to go. so now the forecasts are in the company is hugely undervalued.

Putting in a bid for POS for tomorrow.

Should've done it last week. No matter though.

>>426642

Should have done it last month. I missed the boat too, but i still got in by the 11th.

Remember that you're looking at a company that has just seen a large increase in value, and although it is likely to increase, you are missing out on the prime cut, per se. To find corporations that are truly valuable for share trading, you need to try and anticipate these moves in price before they happen.

I will buy 50 cent POS options if you'll offer them

>>426662
Oh i know, believe me.

I've mentioned earlier in this thread that i'm just holding mostly and doing some small trading just to be a bit active.

Have a large inheritance coming my way, so i've been very busy with that and there will be lots of tax to pay on some of it. Also going through a divorce. So just been chilling.

Am looking forward to this girl i'm in contact with who has a few businesses and has a new start up happening. I know it's 4chan, but i've signed an NDA so i can't say much except i'm looking to be an angel investor to her. She just has to get the prospectus sorted, then i'll sit down with my lawyer (again) and go through it, oh and also send a copy to my accountant.

>>426662
>Should have done it last month
>>426642
>Should've done it last week

Which reminds me again to tell you guys don't let your emotions control your actions when it comes to investing.

Yes, i could have bought POS last month or last week, but i didn't. Do i regret it? No, no use crying over spilt milk.

such as my post here
>>426621
QBE took a HUGE hit today and for the first time since dec 2011 i am "in the red" with QBE which has been a great stock the past few years. But i'm not going to panic and sell. If fact if it keeps going down (and probably will) I will pick up some more on the cheap.

Just a friendly reminder to not get bummed out if you "miss the boat" - there will always be another opportunity.

>>426688

yeah i am being an emotional faggot. im just annoyed that I noticed it and so on, but hesitated to buy because I was timid. But I think I bought at the support point anyway so its not that bad.

im working on a strategy i dont really want to discuss on 4chin that should help me find undervalued corporations and buy in earlyish.

Have you looked at FXL? Its trading at a 20%~ discount to market PE, and has forecast 10%+ growth for 2014-15. That would give it a EPS CAGR from 2011-14 of 13.3% and its a scalable business. plus its only 20% above its 52w low.

>>426700
I haven't looked at FXL, but have had a bit of a read for the past 10mins or so.

Might be a good buy. Probably might settle for the moment where it is, but has potential.

Good luck on your strategy!

also... best song to listen to when buying/selling... (and i'm not even a big hip-hop or rap fan). Just makes me relax and satisified with my choices, even if they end up wrong.

https://www.youtube.com/watch?v=8u84d7nY8pQ

wheres the best/cheapest place to trade? I'm an undergrad with no debt and $5000 in spare change looking to start learning

>>426712
https://www.youtube.com/watch?v=y-AXTx4PcKI
Not a song but I listen to this.

A-Always
B-Be
T-Trading

>>426733
Oh yeah, Glengarry Glen Ross is a great film. Great speech too, but disagree when it comes to the share market to "always be trading" - that is a form of emotional investing and you dont have to "always be trading".

>>426733
>>426735
Always a classic, from Wall Street, rings even truer today.

https://www.youtube.com/watch?v=PF_iorX_MAw

Also, when i watched Wolf of Wall Street, i loved the intro
here, from 34 second mark.

https://www.youtube.com/watch?v=-UTSqg4sqlU

so about the CCL stock, do you think it is a good time to buy now? Just checked the asx website it is at $9.20.

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=CCL

>>426740
I think it's at a good price at the moment. I'm still trying to get it for 9.0. Tempted to try for 9.1, which i've had as my maximum bid.

What caused CCL to drop ~$3 ealier this year?

Where should I start reading about trading?

>>426768
ASX.com.au has some good tutorials.

Lots of advice in this thread too.

investopedia.com is also good to start with.

>>426765
big reason was because Macquarie cut their rating from neutral to underperform.

>>426746
rtxQvGQt, since you had been answering many questions, I want to ask: how do I buy stocks without regrets? say I purchase CCL at $9.2 before market opens but the stock dropped down further. I have been researching quite abit through investopedia but have not bought any stocks yet

>>426782

I dont buy stocks that everyone is shilling because often the value of the share is already reflected in the price due to speculation

What are some ASX simulators? Investopedia has one for the US market, and asx.com.au has one for schools that they're launching in a few months, but I can't find anything beyond that.
>>426782
>rtxQvGQt, since you had been answering many questions
also get a trip :33

>>426782
As i've said all along, don't let your emotions get the best of you.

Look, share market goes up and down. It always will. I lost 7.4% on QBE today. Eh, it happens. But i'm not going to dump QBE.

If you buy CCL @ 9.2 tomorrow and they close at 9.0? That's fine. You haven't lost anything, just "lost" on paper.

I can't tell you what to buy, nor do i want to.

If you feel that CCL is at a good price and want to buy? Go for it.
If you feel they will drop furtther? Maybe hold off for a bit.

>>426787
>I dont buy stocks that everyone is shilling
This is good advice too, especially if you read in the major newspapers or financial gurus about a share.
Sure sometimes they are right and you can get in and make a profit, but i do find that as soon as it's in papers, it's too late. (not all the time.)

>>426789
No i won't trip on 4chan, but just remember me as the 34 year old dude, and remember that i'm not always right and my advice is just that, advice.

I can't help you with any virtual sims or anything, sorry.

bitcoin will rule all

>>426794
bitcoin (and i know you are trolling) won't crash the markets. If anything crypto-currency could be good for them.

>>426796
how

>>426798
Well, it could make it easier to invest in foreign markets for starters.

Drawback is being anonymous, and would have to have some form of regulation.

I think there could and possibly will be a future for crypto-currency, but i'm unconvinced it will be "mainstream" anytime soon.

>>426799
i see what u mean but i believe bitcoin is and always will be the foundation, they will create new coins but use bitcoin to buy it with and trade with
oh and fuck regulation thats the old system

>>426813
> but i believe bitcoin is and always will be the foundation

foundation of what?

>oh and fuck regulation thats the old system
Sorry, regulation is needed.

>>426815
the foundation to swap between $ and crypto it will be the most stable and widely accepted

if its regulated than only one entity can control the system witch is bad every person should control the system not the government

>>426819
>the foundation to swap between $ and crypto it will be the most stable and widely accepted

What makes you say that?

>every person should control the system not the government

How would you propose this?

>>426821
thats what the blockchain is, thousands of miners join together to control the network

>>426824
I understand that, but how do you propose the world do all this? What would be the standard?

It is true that we are moving towards a "cashless society". Majority of my every day purchases are via my card and i rarely have an amount over $400 or so in my wallet and that's usually when i'm going out for the night, drinking etc.

It's all well and good saying that crypto-currency is the future, and it could very well be, but i don't think you understand the magnitude of what would entail to make it, as you say, "the foundation to swap between $ and crypto it will be the most stable and widely accepted"

>>426827
right now theres about 30 banks around the world witch are haing in the balance due to hyperinflation they could fall anyday now any wheres all that money going to go?
id say it will go to the most advanced cheapest best currency

>>426828
They aren't all going to fail at once. Not anytime soon either.

>>426829
not all at once it will be over the next 5 years

>>426832
Why do you believe that?

>>426827
>>426824
>>426821
>>426819
>>426815
>>426813
>>426799
>>426798
>>426796
>>426829
>>426832
>>426833

Most people, and Bitcoins

>>426833
judging by the speed of innovation and the general slowness of bank and governments to reply is amazing
i dont think people are realizing how fast bitcoin is advancing

>>426832
Also, what you have said reminded me of a quote by Warren Buffett

>'Over the long term, the stock market news will be good. In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a disgraced president. Yet the Dow rose from 66 to 11,497.'

>>426836
Won't happen in 5 years.

>>426837
The catch being that the components of the Dow (and s&p etc.) change to ensure this happens. If you remove survivorship bias and include companies taken private, business equity has a downward bias.

Also the stock market has law of large numbers on its side. Btc is one product.

>>426855
that's entirely the point of why i quoted that. What he was saying reminded me of that quote.

QBE back up a little.

>>427418
QBE going back up more.

>this is not financial advice
I would recommend grabbing some QBE while it's low.

>>427581

but if theres more national disasters soon bye bye qbe

>>427697
i still think its a good buy for the long term.

Hypothetically, what stocks go up in value during a recession? ETF govt bonds? Insolvency administrators (your big accounting firms).

>>427740
don't look at history to predict the future.

>>427740
Honestly gambling and prostitution, staples of a recession.

>>427756
I dunno, I lived through the recession in the UK. Pound-stores shot up in value.

>>427740

Gold goes up. Most things go down.

Easiest thing to do is sell everything then buy back in after the recession

>>427836
I meant a recession specific to Australia, which seems more likely, rather than another global recession

Can any Aussies recommend a Forex trading platform?

I have CFD account with CMC Markets, but I was hoping to open up an actual Forex account.

>>427887
http://www.ozforex.com.au/
Only one I know of other then the banks. I owned shares in Ozforex when it floated.

>>427893

Alright thanks. Thinking of buying the RUB thanks to the lows it is experiencing because of these sanctions/Ukrainian civil war.

What super fund are you guys with and why? Do you put in extra, salary sacrifice etc
Good thread btw I'm learning heaps

>>419832
>all time high

nope.jpg

how old are you? 5?

>>428008
clearly not an all-time high, but it was at a 6-year high, as per OP.

>>428083

maybe he means it is bad to buy something when it is near an "all time high", and rather optimal to buy it when it is undervalued, like 2-3 years ago.

>>428835
Who knows?
How's everybody's week been?

>>428965
Brought POS at 0.225. Last time I ever use etrade ffs. How bad did I do?

>>429017
Considering it's going to close at 0.23, not bad. It's gonna be going up for a while, it seems.

>>429054
I hope so. Seems to be the favorite share for auzbiz. I was tempted to sell it when it was at .245 but I thought I would hang onto it

>>420728
well said

>mfw I started the CCL shilling on biz about a month or so ago

I don't know why so many of you are interested in it tbh. I think it's at a good price for where I see it being in 10 years but most of you guys are talking about it losing/gaining like 0.10%

If you want to day-trade then day-trade.

The reason why CCL has been hit in recent years is due to two main factors:

a) Lower profitability due to a price war between Coles / Woolworths using CCL / Schweppes as a proxy.

b) The growth potential in Indonesia was apparently overplayed by some.

Any Ausbros looking at santos for long term growth, revenue set to nearly triple and alot of their big projects are coming to fruition. Price of LNG keeps going up, they are undervalued by around 5-10 dollars a share.

>>429099

Go on. Otherwise you're just shilling.

I'm into gas so I'm all ears. Why LNG?

>>429099

Yeah I'm looking for a play in the gas area too but I'm not entirely sure about santos.

There was some somewhat interesting analysis here:

https://www.tradingfloor.com/posts/morningstar-the-aussie-firms-in-the-asian-pipeline-1179267

>>429134

I'm looking at leases being taken out in QLD, as well as seeing how their explorations fair. in the next 5-10 years, there will be massive growth out of this industry.

LNG has skyrocketed lately, but they only have 3 months left on their Gladstone lease. Might be a pump and dump.

>>419796

https://play.google.com/store/apps/details?id=com.discover.noisediary

>>429017

did alright all things considered

>>429068

i'm holding until .40

>>429139

thanks for the insight