Punk Rooster wrote:bought x number of BHP shares at $24.87
watched them go up to $25.10
Sell sell sell
by RustyCage » Wed Oct 29, 2008 5:58 pm
Punk Rooster wrote:bought x number of BHP shares at $24.87
watched them go up to $25.10
by Punk Rooster » Wed Oct 29, 2008 6:53 pm
pafc1870 wrote:Punk Rooster wrote:bought x number of BHP shares at $24.87
watched them go up to $25.10
Sell sell sell
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by JAS » Wed Oct 29, 2008 7:28 pm
by Punk Rooster » Wed Oct 29, 2008 7:43 pm
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by Punk Rooster » Thu Oct 30, 2008 9:50 pm
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by devilsadvocate » Thu Oct 30, 2008 10:16 pm
by Punk Rooster » Fri Oct 31, 2008 7:20 am
devilsadvocate wrote:You'll be showing Warren Buffet how it's done soon!
I'm waiting and watching to see what happens in the next 2-3 weeks. Generally, they say that a bear market lasts 18 months. The All Ords peaked in around Nov '07, so we're only 2/3rds of the way through this market phase.
I've read that only around half to 2/3rds of bank and other asset write downs have been announced to the market, so there could be a touch of pain still to be had in the markets.
I'm a risk taker, so I'll be accumulating in the next few months in anticipation of a recovery late next year.
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by Sploosh » Mon Nov 03, 2008 8:43 pm
Punk Rooster wrote:BHP rose about $1.50-$2 today
by devilsadvocate » Mon Nov 03, 2008 8:57 pm
Sploosh wrote:Did you find the process of investing difficult? And, what fees (apart from the cost of the actual shares of course) were involved? I'm interested, cause, like you, I'm thinking of getting into it for the first time.
by Sploosh » Mon Nov 03, 2008 9:00 pm
devilsadvocate wrote:
Not sure who Punk traded with, but I trade with Comsec. I have a Commonwealth Direct Investment account, so when I settle trades from that account, it costs $19.95 for trades with a value of up to $10,000, $29.95 for trades with a value between $10,001 - $25,000 and 0.12% or the transaction value of trades exceeding $25,001.
So, say I buy 200 BHP shares at $25 per share, the total cost is $5,000 plus $19.95. If I then sell the 200 shares for $30 per share, the proceeds are $6,000, less $19.95.
So the total cost of that trade (buy and sell) is $39.90.
It's really easy to setup a trading account. It will take approximately 3-5 working days.
Good luck.
by devilsadvocate » Mon Nov 03, 2008 9:11 pm
Sploosh wrote:Thanks very much for that. I'll have a look at them. I feel a lot of FAQ reading / steep learning curve coming up...
by Punk Rooster » Mon Nov 03, 2008 9:14 pm
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by Sploosh » Mon Nov 03, 2008 9:16 pm
devilsadvocate wrote:
Enjoy mate. The stockmarket is my heroin - I can't keep away!
by Punk Rooster » Mon Nov 03, 2008 9:31 pm
Sploosh wrote:devilsadvocate wrote:
Enjoy mate. The stockmarket is my heroin - I can't keep away!
You obviously put a lot of time and effort into it.
If a hypothetical person (i.e. me) couldn't / wouldn't be prepared to devote a whole lot of time to it, would it be better just to stay out?
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by devilsadvocate » Mon Nov 03, 2008 9:46 pm
Sploosh wrote:You obviously put a lot of time and effort into it.
If a hypothetical person (i.e. me) couldn't / wouldn't be prepared to devote a whole lot of time to it, would it be better just to stay out?
by devilsadvocate » Mon Nov 03, 2008 10:03 pm
Punk Rooster wrote:Sploosh wrote:devilsadvocate wrote:
Enjoy mate. The stockmarket is my heroin - I can't keep away!
You obviously put a lot of time and effort into it.
If a hypothetical person (i.e. me) couldn't / wouldn't be prepared to devote a whole lot of time to it, would it be better just to stay out?
this is where a broker becomes important- he should be able to advise you.
First, you'll have to state you goals & objectives, so he can tailor a plan to suit your investment needs.
You may be willing to enter high risk investments, you may want lower risk, guaranteed investments.
Me, I believe I'm buying in a market that has bottomed out, but am prepared to leave my money in until it shows a profit- whether it's 2 yrs or 5 yrs.
by Punk Rooster » Tue Nov 04, 2008 6:59 am
devilsadvocate wrote:BHP is a very cheeky first trade!
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by Psyber » Tue Nov 04, 2008 8:06 am
Full service Brokers are a bit like other Financial Advisors - they have a tendency to steer you towards dealings that are profitable for them. CommSec do it too though. I managed my sister's account with them for a while under Power of Attorney, and they were big on encouraging you to invest in schemes the Commonwealth Bank had put up the finance for - presumably to ensure the security of the CBA's investment!devilsadvocate wrote: ... Agreed, this is the benefit of a full service broker. Personally I don't like trusting my money with anyone, but they should listen to your needs and risk profile and then be able to advise you accordingly, but for an additional fee as mentioned.
by Punk Rooster » Wed Nov 05, 2008 7:47 pm
Ralph Wiggum wrote:That's where I saw the leprechaun. He told me to burn things
by devilsadvocate » Wed Nov 05, 2008 8:36 pm
Punk Rooster wrote:devilsadvocate wrote:BHP is a very cheeky first trade!
interesting- why is that?
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