by MightyEagles » Wed Oct 01, 2008 4:50 pm
by Punk Rooster » Wed Oct 01, 2008 5:09 pm
Squawk wrote:Another option - but get advice - is US real estate. I've heard of houses selling for $6,000 at the moment because banks dont want to have property portfolios and when people default on their mortgages, they are making quick fire sales.
As always, get good advice though!
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by devilsadvocate » Wed Oct 01, 2008 6:44 pm
gadj1976 wrote:Missed out on BHP, but got ANZ instead.
Squawk wrote:Mining not immune - our big buyers would have been buffered by their links to the US market.
by redden whites » Wed Oct 01, 2008 6:46 pm
Gee Psyber this morality crisis has been going on for a while mate with the Telstra shares .Although I do remember you got them in the saddest of circumstances so maybe a sentimental factor is involved here .I hope you can overcome your demons in the near futurePsyber wrote: and I have a moral dilemma about being a part owner of Telstra.
by devilsadvocate » Wed Oct 01, 2008 6:52 pm
Psyber wrote:I'm watching the share market, but not changing anything yet.
I'm happy with the longer term outlook of my mainly financial and resource based portfolio.
The only things I may want to dump are some QANTAS shares I inherited, but I'll wait for a rally over the next six months or so. If they fall over it is not a big deal - I have a broad spread.
I also have some Fosters shares I am ambivalent about, and I have a moral dilemma about being a part owner of Telstra.
by gadj1976 » Wed Oct 01, 2008 8:13 pm
devilsadvocate wrote:gadj1976 wrote:Missed out on BHP, but got ANZ instead.
Ballsy.
I got a stack of BHP yesterday at $31. Wish I'd got some RIO, WBC and TCL too, but there's still plenty of time for the latter two. RIO up 15% today.
Great market for picking up Blue Chips cheap. Price earnings on some have fallen to 10x with yields of 7%+. Unheard of bargains given historically PE ratios hover around 15x and yield around 4%. While there's risk around future earnings, at current prices, that risk is priced in big time for many stocks.
by devilsadvocate » Wed Oct 01, 2008 8:50 pm
gadj1976 wrote:It's gone up to 19.30 today so that's a good start. If it stays up I might rid of them and move back to mining. My mining shares are still not even half what they were when I purchased them.
by gadj1976 » Wed Oct 01, 2008 9:25 pm
devilsadvocate wrote:gadj1976 wrote:It's gone up to 19.30 today so that's a good start. If it stays up I might rid of them and move back to mining. My mining shares are still not even half what they were when I purchased them.
The banks here in London are all up 5-15% today, so you should see another decent gain in ANZ and other banks tomorrow. Beware the risks around ANZ's business in Asia - could be some writedowns via secondary exposure to the US. WBC and CBA are the safest bank and NAB has already had a big write down. Although WBC
Sounds like my strategy - taking a short term profit on financials and shifting back into the miners for the med - long term. Keep hold of your miners - if they have good assets, they'll return to favour soon enough.
by Psyber » Wed Oct 01, 2008 11:46 pm
Yes, I think the fact that most of the shares I own came from my sister who died in April 2007 is a factor. So, is the fact that, because she was 78 and had Alzheimer's, my co-executor and I and her accountants have been tracing bits and pieces all over the place. We found another couple of cash management funds nobody had known about only 4 weeks ago. They had become lost between the old accountant, who was also elderly, and the new guy at another firm. Lots of sorting out to do including with the ATO...redden whites wrote:Gee Psyber this morality crisis has been going on for a while mate with the Telstra shares .Although I do remember you got them in the saddest of circumstances so maybe a sentimental factor is involved here .I hope you can overcome your demons in the near futurePsyber wrote: and I have a moral dilemma about being a part owner of Telstra.
by Punk Rooster » Mon Oct 20, 2008 8:15 pm
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by Hondo » Mon Oct 20, 2008 8:20 pm
Punk Rooster wrote:is e*trade a feasible place to buy shares?
What's the process involved in buying shares?
I wish to put a modest amount of money in, but having never done it before, am hesitant to move too quickly.
Do I use e*trade, or ring a firm in Adelaide?
How long should the process take, from enquiry to writing the cheque?
by Psyber » Mon Oct 20, 2008 8:37 pm
hondo71 wrote:Punk Rooster wrote:is e*trade a feasible place to buy shares?
What's the process involved in buying shares?
I wish to put a modest amount of money in, but having never done it before, am hesitant to move too quickly.
Do I use e*trade, or ring a firm in Adelaide?
How long should the process take, from enquiry to writing the cheque?
From memory, you regsiter online then print out the application form, sign it and send it in and away you go .... it takes about a week from memory then they send you your access password and your trading password
I think you get a BPay reference you can use to pay money into your trading account by EFT
Guys at work reckon Comm-Sec has cheaper brokerage .... https://www.comsec.com.au/
by Footy Chick » Mon Oct 20, 2008 8:44 pm
Punk Rooster wrote:is e*trade a feasible place to buy shares?
by devilsadvocate » Tue Oct 21, 2008 12:21 am
hondo71 wrote:Punk Rooster wrote:is e*trade a feasible place to buy shares?
What's the process involved in buying shares?
I wish to put a modest amount of money in, but having never done it before, am hesitant to move too quickly.
Do I use e*trade, or ring a firm in Adelaide?
How long should the process take, from enquiry to writing the cheque?
From memory, you regsiter online then print out the application form, sign it and send it in and away you go .... it takes about a week from memory then they send you your access password and your trading password
I think you get a BPay reference you can use to pay money into your trading account by EFT
Guys at work reckon Comm-Sec has cheaper brokerage .... https://www.comsec.com.au/
by Punk Rooster » Tue Oct 21, 2008 6:53 am
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by Amateur Footy » Thu Oct 23, 2008 11:51 am
by Hondo » Thu Oct 23, 2008 1:47 pm
Amateur Footy wrote:Rumour has it that ABC Learning have called in the Administrators. Eddie's legacy has finally caught up with those of us foolish enough to have left $$$ in them.
by Punk Rooster » Thu Oct 23, 2008 8:35 pm
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by devilsadvocate » Thu Oct 23, 2008 9:15 pm
Punk Rooster wrote:alright guys, I've entered the stock market!
bought x number of BHP shares at $24.87
watched them go up to $25.10
Hey, i'm new at this, so the novelty will keep me amused for a while.
I plan to be in the market for at least 2 years- depending on what happens.
I'm being flexible, but will not panick-sell.
by Hondo » Fri Oct 24, 2008 9:39 am
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