SA Footy

Anyone else playing with shares at the moment??

I just made the easiest $3K I have ever made in less than 3 days.

please explain?

bought up on Friday and sold this morning

overloaded wrote:bought up on Friday and sold this morning

what is the tax rate on that?

Average of 30% = $1000. Still $2,000 ahead....

dont you have to have a fair understanding to make some cash on shares?

Either have the knowledge yourself or be connected to people who do.
Personally over the last few months my share value has halved.

If you have shares that have plunged then you MUST sit on them and wait for the market to rise once again. At the moment you only have IN THEORY loss BUT if you cash out now then you have a PAPER loss which are 2 very different things.

My advice is to sit it out and wait for the market to rise.

On the other hand if you were smart enough and had the COINS then over the last 3 weeks is when you should of purchased BLUE CHIP STOCKS coz the SMART people will make a huge profit soon.

One simple rule when there is volatility in the market.

Buy on a crash (ie Friday) and sell on a rally (ie Tuesday). Most stocks went up 10% minimum.

There will be more volaility to come in the market as all the bad news isnt out there yet. Get your trading account ready, do a bit of research and if you look at blue chip stocks like BHP you cant go wrong. Banks are also very cheap at present.

ANOTHER terrorist attack would help especially with GOLD

The above posts are spot on but some of us dont have a bottomless pit of spondooly to make hay while the sun shines.

G wrote:Either have the knowledge yourself or be connected to people who do.
Personally over the last few months my share value has halved.

i know what you mean.
this is why you can see me at the track doing box 3 any 2's.

next step $1 place bets

rooburger wrote:

G wrote:Either have the knowledge yourself or be connected to people who do.
Personally over the last few months my share value has halved.

i know what you mean.
this is why you can see me at the track doing box 3 any 2's.

next step $1 place bets

and G keeps having a crack at MAL for ANY2's!!!!!!!!!!!!

i thought you may have been saving up for your next overseas holiday ROO

G wrote:The above posts are spot on but some of us dont have a bottomless pit of spondooly to make hay while the sun shines.

I'm hearing ya. To make any serious money you need access to a minimum of $20K, but the experts are calling the current situation a once in a lifetime occurence. Get your hands on whatever you can...

you're giving very general & broad advice here, which could be dangerous...

What would be a better investment- housing or shares at the moment?

Punk Rooster wrote:you're giving very general & broad advice here, which could be dangerous...

What would be a better investment- housing or shares at the moment?

Shares - always IMHO.
Average housing increase over the long term is 1% per annum according to the Professor on the Four Corners this week, whereas shares are prob 5-10% per annum in the long term.

Dow Jones down 8% overnight

ALL ABOARD!!!!!

ALLL the SMART investors are jumping on these BLUE CHIP stock that have crashed and i believe in 12-18 months time you will see their name on the BRW rich list .

i take it today is a good day to buy...anything!

ryles-kennels wrote:If you have shares that have plunged then you MUST sit on them and wait for the market to rise once again. At the moment you only have IN THEORY loss BUT if you cash out now then you have a PAPER loss which are 2 very different things.

My advice is to sit it out and wait for the market to rise.

On the other hand if you were smart enough and had the COINS then over the last 3 weeks is when you should of purchased BLUE CHIP STOCKS coz the SMART people will make a huge profit soon.

I would think that is the other way around. Most would have a PAPER loss at the moment - i.e only lost money on paper, but if you cash out then you have a REAL LOSS.....

My advice would be to stick your money in a bank account...