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Discussion in 'Introductions' started by herewego, 11th May, 2010.

  1. herewego

    herewego Member

    Joined:
    10th May, 2010
    Posts:
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    Location:
    Perth
    Well, hello to everyone out there. I'm here to learn as much as possible about investing. ATM husband and I have 2 IP's and building our own home soonish. We are looking at diversifying and looking into shares but need a bit more education. Property has been very good to us but want to expand portfolio with something else.

    I look forward to hearing from you.
    Thanks Thirsty
     
  2. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
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    Location:
    SE Queensland
    Hi,

    What time does it get dark in Perth? Before 6pm?




    Johny.
     
  3. herewego

    herewego Member

    Joined:
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    Location:
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    Its very depressing. 6pm its dark and getting pretty darn cold. Brrrrrrrr. Can't complain. We have had some seriously awesome weather lately.
     
  4. Johny_come_lately

    Johny_come_lately Well-Known Member

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    Location:
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    I will be camping in the WA desert in 2 months. I bet it will be freezing.





    j.
     
  5. herewego

    herewego Member

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    Location:
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    Im working on the edge of the desert right now and it is freezing. Im wearing my jacket inside. Watch out for the easterlies
     
  6. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
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    Location:
    SE Queensland
    Jacket check. Thermals check.

    What kind of knowledge are you looking for with investing?




    j.
     
  7. herewego

    herewego Member

    Joined:
    10th May, 2010
    Posts:
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    Location:
    Perth
    Bring your beanie and while u r here Im going over there.

    We r starting to look at shares. Haven't got much confidence in myself with shares hence need a site like this for education. Not really interested in managed fund. Looking at buy and hold (blue chips) for more longer term. Hubby has wiped his hands clean of property but Im still keen. I spose u need both parties to want the same things so shares look like the way to go

    Thanks for any advice in advance

    hwg
     
  8. Johny_come_lately

    Johny_come_lately Well-Known Member

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    Location:
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    Do you want to trade blue chips or buy an ETF (exchange traded funds)?




    J.
     
  9. herewego

    herewego Member

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    Location:
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    Don't laugh at me....please explain ETF (thats how green I am). Like I said, I need some serious educating.
     
  10. Johny_come_lately

    Johny_come_lately Well-Known Member

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    Location:
    SE Queensland
    An ETF is a tradable index fund. An index fund tracks an index. Say the S&P ASX200 (the one on the telly) It buys all the companies in the index and manages them with a computer. So you get 200 companies by buying one share.





    J.
     
  11. herewego

    herewego Member

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    Location:
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    Ok, I will laugh at myself... I'm assuming ETF u r more at the whim to the overall market then just trading specific blue chips it is more specific to the direct company. I think hubby was saying individual stocks in different sectors. Do u know the fors or againsts with buying ETF. Is this what most people do

    Thanks again Johny....I've already learnt something.....I think!
     
  12. Johny_come_lately

    Johny_come_lately Well-Known Member

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    You are trading the market.(or any part of it you wish).

    Let me tell you the most humbling thing I have learned. You can't predict the future. Nobody can! Not short, medium or long term. People who beat the market for 15 years in a row have something special. It's called luck! So why not buy the market instead. You beat most active funds and its cheaper. Management expense ratios (MER) of 0.4% instead of 2%.




    j.
     
  13. herewego

    herewego Member

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    Location:
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    Johny, how do u go about this. Is there anything that I can read that is put into laymans terms so it is understandable to someone like me. How did u first start. I know they have a short course on ASX site. Is this the way to go.

    hwg
     
  14. Johny_come_lately

    Johny_come_lately Well-Known Member

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    Location:
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    mr google, wikipedia, the library, local bookshop, asx lectures in perth, and the custom search above.





    J.
     
  15. herewego

    herewego Member

    Joined:
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    Location:
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    Righto......will do some researching. Lets just say this is the beginning of a new adventure for us. Wish me luck and hopefully I can come back on here with a bit more knowledge than just property. Thank you so much for replying to me and giving me a helping hand. I know it may seem small to you and probably sounds dumb for others but its helped me to decide on where I need to focus my investing on now.
     
  16. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
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    Location:
    SE Queensland
    Best of luck. Night.




    Cheers, Johny.