Austarion

I was thinking a while ago that we could discuss things that we all need. Money would be a good start.
At the moment the markets are diving, this means a large sell off is taking place due to various reasons, mainly the US economy, which in turn affects ours in some ways. While this happens i would be getting all my lil pennies out and getting ready to buy some shares when they bottom out. It's easy money when things like this occur.
Use some simple rules and you wont get hurt. Remember that at some point you will most likely take a loss, so dont be thinking its risk free. It's not.
My Rule is buy when its down and SELL when its up. Wait for the falls like whats happening now to buy...it hasent bottomed yet so wait for it and watch.
Get yourself an account from westpac or any of the banks your with, this may take a few days so do it now.
Lets keep this thread up to date with any info we can help each other out with and enjoy some extra coins.
What to Buy is next!!!!!!!!!

Gold Bullion , BHP Billiton shares , Woolworths shares , or Coles Myer shares . These are by far the safest .

And now is the time as the market is at a record low which means the only way is up .

Gold.....


34% last year, already started well this year


Silver

??% :D

It's a shame you need money to make money :(

Yeah, my girl would kill me if I lost all my money for the wedding on shares about now

If you can somehow wangle to buy shares O/S, Apple are on the up and up.

Personally I like bricks and mortar. My first house is worth over 2.5 times what I paid for it 7 years ago (and I lived in it for 5.5 years, so it wasn't really an 'investment' until I bought my new place). Sure it 'costs' me about $4K a year even after I factor in rent (because I'm renting it to a family member, they get low rent), but who cares when the value increases by 10 times that a year. And the tax benefits are pretty reasonable too (went to the tax man yesterday, o/s trip here we come :) ).

Sure, I drive a shitty Starion that I can't afford to do up as nicely as I'd like ;) , but the payoff with property will always be good (and reasonably quick given what the market here in Adelaide is still doing).

"Bricks and mortar" . . safe , but a bit old school and the problem is you need the money to buy the thing in the first place . But if you can afford it and you like safety and are happy with slow returns then I would agree with that .

But personally I have my home on the market and will be investing the lot .

The thing with Investments is to START . Even a few hundred $ . A journey of a thousand miles begins with one step .

I think you can all afford $5 a week , that's $260 for a year . Buy $260 worth of Gold to get yourself started . It's a much better choice than a Gold Lotto ticket every week .

I do strongly suggest buying some Gold bullion ( or Platinum ) you will never lose with those .

Go to e-Bullion.com . This site is the biggest and most trustworthy .

I started off with a few hundred $ of e-bullion which I just left and it multiplied very quickly . I now trade stock options in the shares I mentioned in my earlier post .

For over a year now I have been making 5.5 - 10% after TAX in my hand per MONTH , every month . Don't waste your time with the Banks B.S. Investments .
I also pay for insurance on my investment from the gross profit so I can NEVER lose my money .

I rent a brand new 280sq home paid for by investments . Why am I saying this ?
When I started doing this I had stuff all money .

If I can do it , you can do it

I can't afford $5 per week. I'd rather buy my girls something to eat or drink...

When he was alive, Kerry Packer was asked the easiest way to make $5M.
He answered "start with $20M".

I respect people's right to spend their money however they choose but I have bought shares in the past in so called "solid investments". The result -after looking at a piece of paper for 2 years that said "purchase price" $2.25 and then looking at the "buy" price in the newspapers that said 64 cents I decided there really wasnt much joy in the stock market for average Joes.

So I sold the shares, took the loss, got back what I could and bought a boat. Figured if I was going to lose money I might as well have fun doing it rather than just looking a piece of paper. i still have the boat, have a bunch of fun and funnily enough can sell it for what I paid for it.

The message, you only hear of the "gains" people make, never the losses.

Real estate is the best investment you will ever ever make. My house has doubled in price in 6 years, I dont think that is a slow return. Gains in residential homes are not taxed, its great superannuation and no bastard can take it off you as long as you keep your loan payments up.

The stock market is controlled by people with a lot more financial cunning than the average Joe. Its really nothing more than white collar gambling.

You can't tar all Investments with the same brush .

I agree that most of them are crap , but not all .

My home has tripled in value in the 11 years I've had it but the boom of the last 5-6 is an exception to the rule , you can't seriously expect that to continue .
As I said , it's soon for sale and the $ will be invested .

If you spend the time ( which many are too LAZY to ) , you can find Companies that have very solid track records , and like I do , have Insurance on the shares so you can't lose your money .
The trading I'm involved with averages around 30% gross profit per month , Insurance is taken from that , and then fees and Tax . But that still leaves me with an average of 7% nett profit . I'm very happy with that . I've been doing it for over a year and it's going from strength to strength .

Logic will tell you it's possible to make good money with Investments , the Banks do it , Governments do it , Companies do it , many people do it .
My message here has been that anyone can do it if they properly look into it .

As for losses , one month when I had Gold it dropped 7% in value . But the next month it gained 15% .

With the situation we are in at the moment with the ASX and world markets there is money to be made. But dont throw it in anywhere! This is the reason i started this thread, there are lots of us here with experience and that leads to knowledge which we can use. You can make money on any of the 'blue chip' shares mentioned here, obviously u need an account or a broker, but if you now 'can be bothered' the gains to be made are substantial. You will need some money but its not alot. You can do bricks and mortar which is always a good investment but that takes cash and security and draining repayments for most people. Shares are a good thing AT THE MOMENT but not the be all of investing. I have bought cars and buffed the paint and made 100% on them, there are lots of $500 cars around that you can do that with and lots of us here are very capable of this!!...but right now im with the market.
Get advice when u dont know....ask here if you like and someone may be able to help you.

ok, who made money today.......... :D

I did . :D

Don't believe everything you read in the newspapers

tip.........

insurance stock , yep right now they are taking a beating due to the bad weather and climate change, people are dumping stock because they think about the pay outs to be made.

but here is the little tip not many know of , insurance companies buy a thing called re insurance.

eg- they take out a policy for storm , flood is not coverd by any insurance company but most pay out due to customer retention , the policy they take out is for an amount grater than , lets say $24 mill , if it gose higher the company that is responcible is the mob that issued the re insurance , so there is no graet loss , yes on face value stock is wiped but the reserves are not touched and the insurance company invests its money and makes more .

look at the large types , on average 40% of the price of sares have droped , its a good time to buy as this will regain shortly not all of it but a good return , you may be able to make 20% in a short time

Excellent Tip and good to see some of us on the ball.
It doesnt take much...just a little effort and time, so go ahead and 'make your day'..!
Again, if you dont know...just ask.