The Stock Market, Property and Investment Thread

[Francois Jackson]

anyone on here. what are your thoughts on the way things are going??

[F0551L]

 nothing new   the market is its own master  and all who ride it should be prepared for the ups and the downs
if you want some sure advice the sun will still rise tomorrow morning and the Umps will cop a fair old blast in season 08

[mjs]

daniel

It's a question that could take a long time to answer - the stock market is best treated as a long term investment vehicle, deal in blue chip companies, do not try to pick tops or bottoms, do not listen to tips and do your own research. Education and knowledge is important, and trade with a plan - no plan, no trade.

Warren Buffet - the world's most famous lomg term investor, when asked what is the best time to sell, answers "never"

If you want to become one of the 99.9% of short term traders who fail - try daytrading.

It's extremely tempting to see the current correction as a time to get out - but the market is cyclical and history tells us that long term the trend is up. We have a strong economy with a huge amount of funds that have to be invested through Super funds and the resources sector boom has decades to run (if you believe most "experts") The current market is down 13% from its peak - not terminal.

ps This is not investment advice - you need to be qualified to give that and I'm just a keen observer 

[mightytiges]

Just to illustrate mjs' point - the all ordinaries index since 1900.

http://www.asx.com.au/investor/pdf/share_price_movements.pdf

That's why they model the market mathematically by a mean exponential drift (long term the market is always going up) plus a normally distributed randomness (short-term there is volatility).

[Francois Jackson]

thanks guys. i just wanted to see if anyone knew a thing or other than footy.

i been traded since 2003. ur right blue chips all the way although my love affair with speccy's rolls on.
i have recieved some real good tips and they have paid off but all good things come to a end, and i think that is near

i think this year will be testy on all fronts. interest rates will sky rocket, shares-small returns. etc etc

[mightytiges]

The Market has fallen 20% since the start of the year. Technically a crash. Just panic selling with not a single ASX 200 company up today. 

[Francois Jackson]

word to the wise.
u dont lose if u dont sell.
i for one is sticking by this theory and will look to buy as there are bargains out there.

people throw all their eggs in the 1 basket and hence are getting very worried

[mightytiges]

Nicely said daniel.

Copycat selling because overseas markets are falling. People scared a US recession will mean less Americans buying Chinese goods resulting in the Chinese not needing to spend up big buying our resources. I guess one positive is it'll place less pressure on interest rates although the Aussie economy is still hooning along.

[Rex]

Guys I came across this internet site InvestSmart.com.au and they offer an investment of the top 20 ASX listed company's for 50k minimum and the brokerage fee is only 1%. Sounds good to me, I'm thinking of taking up the offer in the next 2 months. Good time to buy at the moment.

[mjs]

Not a bad couple of weeks on the markets.

[mightytiges]

Not a bad couple of weeks on the markets.

Until yesterday lol. US interest rates now 4% lower than Australia's  .

[Ramps]

Anyone know where I can pick up some cheap finance so I can pick up some quality stocks lol.

[mightytiges]

Anyone know where I can pick up some cheap finance so I can pick up some quality stocks lol.

South America lol

[Tigermonk]

my bunch of shares are doing very well 

[Francois Jackson]

yeah killing it.
the market is doing so well at the moment like the blues come thursday night