Did anyone mention BONUS BONDS.![]()
Did anyone mention BONUS BONDS.![]()
For a man is a slave to whatever has mastered him.Keep an open mind, just dont let your brains fall out.
$1000 aint much bud, you need to be able to spread investments out - the old saying don't put all your eggs in one basket is true with investing, so when one drops here...over there is covering the loss.
You also need a plan, if a stock drops in value, will you panic sell at a certain price or hold on and hope the Market bounces back up.
Will you daytrade, or long term trade, day trading is riskier but quicker returns if you get it right (or losses if you get it wrong!), or are you a long term investor?
directbroking.co.nz allows you to buy and sell your own shares I think each trade is 29.95 upto $5000, past that it's a % of the trade, I think there's 20 min delay though. There's pamphlets you can request to be sent out to help you learn terms/definitions and sensible advice.
Here you can watch the market, a broker is good, more costly though and they still follow your instrutions which means you still need to research what's going on globally and locally.
Even more betterer is trading software which is in realtime.
Do not use banks as brokers.
Study the 'trendlines' over a week, months and years - it's not foolproof but there's indicators.
Some good stocks are a little more expensive, but usually steady and safer (although this is a risky game at the mo).
If I told you which ones to buy - I'd have to kill ya...
Last edited by Genestho; 24th May 2011 at 17:13. Reason: for clarity
ter·ra in·cog·ni·taAchievement is not always success while reputed failure often is. It is honest endeavor, persistent effort to do the best possible under any and all circumstances.
Orison Swett Marden
Some trading experts would disagree with this. the whole diversity for risk management thing is certainly true, but if you want big returns from small dough, then chuck all your cash into one basket and hope the bastard performs.
The Zurich Axioms is a very interesting read on investing principles, written by a legend.
Nail your colours to the mast that all may look upon them and know who you are.
It takes a big man to cry...and an even bigger man to laugh at that man.
True! You can diversify it or not, how ever you like it, personally I don't like hoping, less so when the climate is how it is. Then again the climate is perfect if your eye is on the ball at all times.
I guess the quick way of still diversifying it out is to day-trade, but keep the eye on the ball, realtime soft ware and a broker, is where it's at for that one IMO.
At end of the day it's the individuals risk and choice I guess![]()
ter·ra in·cog·ni·taAchievement is not always success while reputed failure often is. It is honest endeavor, persistent effort to do the best possible under any and all circumstances.
Orison Swett Marden
got a mate in Australia that has been investing quite a bit of $ on silver. its a long term investment thou. good think is that you can buy silver bullions and keep it with you so even if the something happens with the global economy - worse case scenary - you will still have something that might be worth more than a piece of paper
Do a budget work out all of your regular expenses for a year (rego, maintainence, tyres, insurance, phone, electricity, clothes, holiday, unexepected expenses fund).
If you are paid monthly work out what you need to put away every month to cover these expenses that you know are coming, if you get paid fortnightly work out the fortnightly amount.
Setup a seperate bill account with your bank, put this $1000 in it and make the necessary deposit each and every pay. The financial security and freedom that you'll achieve knowing that you DEFINATELY HAVE the money needed to pay those bills will far outweigh any small gain you might get on the stock market and also help you stay clear of credit card debt.
On that note too, if you have credit card debt use the $1000 to pay that off, that's a garanteed 20% return on your investment.
.... back in green and feeling great ....
Yep, you could buy your $1000 worth of shares today and sell them tomorrow.
By the time you've paid the buying and selling premium and stock brokers fees; as well as losing out on the differential between buying and selling price: With a bit of luck you could have as much as $650 left![]()
First you should buy a workshop manual for your bike .Fellow KB'rs would agree.
Like someone else mentioned; silver. Make sure you take physical delivery of it though, don't just buy bits of paper.
Not sure how it's done since they started hyping it a couple of years ago. Be pretty easy to find out though.
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