Myer Share Offer

[Gingernuts]

Howdy folks,

I noticed this morning that Myer is offering shares with the intention of expanding their business and opening up 15 new stores.

I have never invested in shares, neither have my family, but it is something that has always interested me. I am considering taking advantage of this offer as a way of getting 'started' in shares.

Myer seem to be a good strong brand who have performed very well even in the difficult economic climate that we have had over the last 12 months or so.

I would be interested to hear the opinions of those with a bit more expertise in this area. Is this a good offer?

[AFLflyer]

yeah it's something that im looking into now.... you would think it should be a safe investment over the years. however i am also a share novice!

[SABRE]

Go for it !
You can't go wrong in the long term. Just keep buying whatever you can afford and
hang on through the ups and downs. Shares have always supplied the best return on
investment according to my financial planner AND this guy ............

http://www.understandingmoney.gov.au/co ... heroe.aspx

Good luck.

[smac]

http://www.news.com.au/business/story/0 ... 62,00.html

[Psyber]

The present owners got Myers fairly cheaply, because it wasn't doing well - so, I'd be cautious about its shares, and I don't plan to buy further into retailing.
However, I did inherit some David Jones shares, and they are paying better dividends than some of my other shares at present.
Mind you, DJs are aimed at a different market segment, one that probably isn't struggling financially, and is substantial in the bigger cities..

[Jimmy_041]

Rule No 1 in investing for the 1st time

BHP