the stock market

Post by **huge** » Mon May 28, 2007 2:15 pm

its not cheap. so unless you're getting it for work you need to make lotsa money on the market huhu.

this will help you out tho yes!

mrj · Post by **mrj** » Mon May 28, 2007 2:19 pm

WHOA - $1800 . A year.

Fuck me thats pricey hey. But it looks like it really does the job, lots of fundy and techy tools, and you can set your own parameters.

Cheers

and yes its helped me out (I now know what I can't afford).

Fuck looks like I might be building myself a shitty spreadsheet. B O R I N G

sneaky hands · Post by **sneaky hands** » Mon May 28, 2007 2:49 pm

if you know basic accounting and finance youre better off making your own spreadsheet. If anyone actually came up with software that could do good fundamental analysis and value companies, they wouldnt sell it (thats like selling a copy of the Almanac from back to the future).

if youre looking for a start J, get yourself an eTrade account. Its got most of the tools youre after, and its free. (they do charge you for some of the analysis, unless you are actively trading or have a minimum FUM balance). then read read read. but yeh, expensive software is a bit of a waste.

heres some words of wisdom from arguably the worlds greatest investor:
http://www.berkshirehathaway.com/letters/letters.html

mrj · Post by **mrj** » Mon May 28, 2007 3:53 pm

Awwwww........learning? That's no fun =0P

Fair enough. Its just I didn't want to have to build my own spreadsheet. But I'd rather do that than spend heaps of dosh on software.

Plus I guess if I build it I'll know my way around it better plus will prob come out with a much better understanding of the fundie calcs at least (can't build it unless you understand it).

Cheers sneaks and huge, knew you would both be in here with some good advice =0)

Post by **huge** » Tue Jul 17, 2007 10:13 am

bought quite a few more yesterday that are meant to be moving up. portfolio looking quite grown up now lol.

mixtress · Post by **mixtress** » Tue Jul 17, 2007 10:14 am

portfolio? wow, I'm so behind the times. I've got about $19.68 in my ING Savings Maximiser

Post by **huge** » Tue Jul 17, 2007 10:15 am

put it away and dont touch it lol.

mixtress · Post by **mixtress** » Tue Jul 17, 2007 10:20 am

Yep, me's saving for a rainy day. Lucky we're in Melbourne and it don't rain all that often.

Post by **huge** » Tue Jul 17, 2007 10:26 am

i see what you did there.

Post by **system** » Tue Jul 17, 2007 10:48 am

sneaky hands wrote:if you know basic accounting and finance youre better off making your own spreadsheet. If anyone actually came up with software that could do good fundamental analysis and value companies, they wouldnt sell it (thats like selling a copy of the Almanac from back to the future).

if youre looking for a start J, get yourself an eTrade account. Its got most of the tools youre after, and its free. (they do charge you for some of the analysis, unless you are actively trading or have a minimum FUM balance). then read read read. but yeh, expensive software is a bit of a waste.

heres some words of wisdom from arguably the worlds greatest investor:
http://www.berkshirehathaway.com/letters/letters.html

wise words. nothing like knowing how your own algorithms work.

gnat · Post by **gnat** » Tue Jul 17, 2007 11:08 am

i'm waiting on an announcement

Post by **huge** » Tue Jul 17, 2007 11:15 am

yeah. i wonder why they put a trading halt on? i hope its exciting lol. lol? some others i have are going to be affected by whatever it is.

gnat · Post by **gnat** » Tue Jul 17, 2007 11:17 am

ask mrj- he is the share guru

i hope it's 'citing too!

mrj · Post by **mrj** » Tue Jul 17, 2007 2:28 pm

taken to PM

Post by **huge** » Tue Jul 17, 2007 3:52 pm

ghetto kitty · Post by **ghetto kitty** » Tue Jul 17, 2007 4:09 pm

oh dear.

i shouldnt have come in this thread.

ive been thinknig about investing for a while but have NO idea where to start and a healthy distrust of banks/straight world/etc

in noob terms, how would one take the money from the rusty tin in the backyard and start researching?

broker?

sneaky hands · Post by **sneaky hands** » Tue Jul 17, 2007 4:31 pm

go and make a free appointment with a financial planner at your bank.

bear in mind they are salespeople in a sense, so dont feel pressured into buying something. talk to a few different ones, and do some reading of your own. figure out what investments work for your comfort zone and how much effort youd be willing to put into monitoring them and learning about them.

getting a broker or buying a bunch of shares without a lot of knowledge is massively risky.

ghetto kitty · Post by **ghetto kitty** » Tue Jul 17, 2007 4:52 pm

okay roger that...

definately up for doin my research.

mrj · Post by **mrj** » Tue Jul 17, 2007 7:53 pm

Pumpkin futures. Its all about Pumpkin Futures

nic · Post by **nic** » Tue Jul 17, 2007 11:05 pm

im not really sure about the stock market, it all seems a bit flimsy and for some unquantifiable reason quiet immoral, i mean im all for the individual totally but what about africa? the forgotten continent that bought you teh likes of dr dre?

sneaky hands · Post by **sneaky hands** » Tue Jul 17, 2007 11:09 pm

efficient stock market is public ownership in a pure form. what's immoral about that?
as for africa - it doesn't really exist, it's just a story made up by a band called Toto.

spazz · Post by **spazz** » Tue Jul 17, 2007 11:37 pm

Hmmmmm. Portfolio you say Huge??

I think I will be watching this thread with interest. I have decided that I want more money.

I already have the ING account which is serving me very nicely, but I just need more. I need a financial planner. Huge did you approach Bendigo Bank at all?

C.I.A. · Post by **C.I.A.** » Wed Jul 18, 2007 9:27 am

mrj + other SLAers...

Approval went through??

Post by **huge** » Wed Jul 18, 2007 9:31 am

spazz! no approaching any banks. just mooching off my uncles knowledge and success huhuh. he does this full time as a hobby (damn rich people!) i just hooked up a comsec account and jumped in the deep end with a few grand.

My bro has a financial planner and says they are an immense help. he is with macquarie bank for that. bendigo does have a trading platform it would be worth checking out. but i am horrifically lazy and just wanted to do everything without having to go for a walk. huhuh.

h

Post by **huge** » Wed Jul 18, 2007 9:38 am

C.I.A. wrote:mrj + other SLAers...

Approval went through??

mrj · Post by **mrj** » Wed Jul 18, 2007 10:23 am

huge wrote:
C.I.A. wrote:mrj + other SLAers...

Approval went through??

+ made page 4 of the herald sun.

Post by **huge** » Wed Jul 18, 2007 10:26 am

will skyrocket today for sure

C.I.A. · Post by **C.I.A.** » Wed Jul 18, 2007 10:29 am

I tried to buy shares yesterday but couldn't work it out.

:dumb:

Post by **system** » Wed Jul 18, 2007 10:56 am

sneaky hands wrote:efficient stock market is public ownership in a pure form. what's immoral about that?

the fact that insider trading is a cornerstone of the stock market system.

Post by **huge** » Wed Jul 18, 2007 10:56 am

bring on insider trading!

Post by **system** » Wed Jul 18, 2007 10:57 am

too late!

gnat · Post by **gnat** » Wed Jul 18, 2007 11:02 am

mrj wrote:
huge wrote:
C.I.A. wrote:mrj + other SLAers...

Approval went through??

+ made page 4 of the herald sun.

w00t to share portfolio- my only adult concession

sneaky hands · Post by **sneaky hands** » Wed Jul 18, 2007 11:23 am

system wrote: the fact that insider trading is a cornerstone of the stock market system.

i can't tell if you're being facetious.. this is not really true in reality (where the market is not 100% efficient). although it definitely exists, insider trading makes up a minute proportion of total volume. hardly a "cornerstone". Definitely more of a problem the weaker the regulator is.

and distortions created by insider trading are assumed away in a pure efficient market anyway.

congrats all on the SLA thing.. 500% 1 year growth already is pretty nice. crazy P/E atm though, interesting to see what happens over the next few years.

gnat · Post by **gnat** » Wed Jul 18, 2007 12:11 pm

my friend just made 5K

he's buying me drinx fri night the scheister

Post by **huge** » Wed Jul 18, 2007 12:13 pm

tell you what. buying shares at 4c is an easy way to make money lol. slightest wrong move can hurt you bad tho huhuh.

mrj · Post by **mrj** » Wed Jul 18, 2007 1:54 pm

yeah, bottom fishing is dangerous stuff. slightest move up in the price can have you rolling in it, but as always the slightest move down has you eating two minute noodles for the next ten years.

when it comes to small cap speccies I reckon its just play with money you can afford to lose.

sneaky hands · Post by **sneaky hands** » Wed Jul 18, 2007 2:08 pm

for sure, limit sell orders are your friend too.

Post by **system** » Wed Jul 18, 2007 4:28 pm

sneaky hands wrote:
system wrote: the fact that insider trading is a cornerstone of the stock market system.
i can't tell if you're being facetious.. this is not really true in reality (where the market is not 100% efficient). although it definitely exists, insider trading makes up a minute proportion of total volume. hardly a "cornerstone". Definitely more of a problem the weaker the regulator is.

and distortions created by insider trading are assumed away in a pure efficient market anyway.

tbh, it depends what is classed as 'insider' trading. the nature of the industry is that word of mouth drives a lot of the volume in trading.

sneaky hands wrote:congrats all on the SLA thing.. 500% 1 year growth already is pretty nice. crazy P/E atm though, interesting to see what happens over the next few years.

agreed!

sneaky hands · Post by **sneaky hands** » Wed Jul 18, 2007 4:42 pm

system wrote:tbh, it depends what is classed as 'insider' trading. the nature of the industry is that word of mouth drives a lot of the volume in trading.

aha for sure.. "public information" is definitely a wobbly concept.

if a ceo calls in a bunch of analysts for a briefing, and then does a press conference an hour later, at what point did it become public?

some interesting stuff in the economist this week about trading on information/information overload.

Post by **system** » Wed Jul 18, 2007 4:44 pm

sneaky hands wrote:some interesting stuff in the economist this week about trading on information/information overload.

a great read indeed. similar article (more on a technology worker/industry bent) in wired recently, too.

Post by **huge** » Thu Jul 19, 2007 2:48 pm

http://finance.google.com

would be good if aussie stuff was in there. quite good for OS stocks tho.

Post by **system** » Thu Jul 19, 2007 5:16 pm

huge wrote:http://finance.google.com

would be good if aussie stuff was in there. quite good for OS stocks tho.

there's heaps of australian companies listed there.

Post by **huge** » Fri Jul 20, 2007 9:22 am

well whaddya kno!

kronz · Post by **kronz** » Fri Jul 20, 2007 8:51 pm

buy low sell high

Post by **huge** » Tue Jul 24, 2007 3:18 pm

weeeeeeee!

spazz · Post by **spazz** » Tue Jul 24, 2007 4:32 pm

Now Huge remember how much a house in box hill is worth................

Post by **huge** » Tue Jul 24, 2007 4:42 pm

im gunna buy one in bundoora and make you rent it out!

sneaky hands · Post by **sneaky hands** » Fri Jul 27, 2007 10:06 am

brace yourselves guys.. today is gonna be rough!

Post by **JAMESSSS** » Fri Jul 27, 2007 10:10 am

I want info on stocks.

Primarily interested in making money.

Where do I start?

I need help or my only other option is to ask google or go over to ASX and kidnap someone.

C.I.A. · Post by **C.I.A.** » Fri Jul 27, 2007 10:11 am

jbs wrote:
Primarily interested in making money.

lol.