Portfolio Advice needed for spec reshuffle

[Dazza]

Hey fellas, most of you have seen me around lurking on the chat forms :D

i started investing into shares around 2004, havent experienced much success, over all im down about 10-5%.

i hold mainly highly spec mining small cap shares in ASX. mainly $500-1000 bucks per company and hope for them to turn into 10 baggers etc.

my time frame is till 2008-10

over the years i have amassed about 20 different companies, giving me a current portfolio value of about $25k AUD.

what i want to do now......... is to compress and sell off companies to invest in others.

i have diversified too much u c...

the gains at the moment range from -80% to +100% on an indivial company basis, with most being -10-20%.

remember time frame is 2008-10

im a long term holder and will accumulate.

Also im doing this now, because my broker is offering me free fees for this weeks trades.

Any suggestions would be greatful.

For the companies i hold, just check my signature.

Regards and many thanks,
Dazza/DazzaHC/Daz

[Dazza]

only other share im contemplating to buy would be KZL

but i have ZFX already

my knowledge of zinc is that prices will at least stable or continue up ward trend till early 2008

2008 more supplies is to come online.

[David Hardman]

Cripes, Don't try and kiss all the girls

Diversification is for whimps.

Having $25k invested in 20 stocks is crazy.

I think your right to consolidate and if I were you would look to hold only 5 stocks given the size of your portfolio.

Pick the best in each of your sectors. Dump the rest.

[Dazza]

lol
5 stocks.......

but man if i chucked out 5k on them... and say they crapped out 30% fark man... thats 1500 down....

but then if they went up 100% like some have MMMMMMMM


any suggestions david haha
5 stocks gepers.....

u must remember david... this aint no blue chips im holding...

they are highly volitile spec mining shares mate :D

[tricha]

I have to agree with David Hardman - I think your right to consolidate and if I were you would look to hold only 5 stocks given the size of your portfolio.

5 top stocks - something like 1 gold, 1 nickel, 1 oil, 1 copper, 1 Uranium.

What u think is the best in that sector, happy hunting.

[Dazza]

....... recount that...
i hold 33 stocks........
>< ><

initial outlay was $30k

down to about $24kish

[wns]

Dazza, I'm the opposite of you and only hold three companies at the moment, but looking to get that up to something like 8-10 over time as the right opportunities come along.

I'd be looking at the mining companies that are actually producing and MAKING MONEY out of the resources boom. Check out the likes of BHP, RIO, KZL, MCR, PMM, IGO and others like them. ZFX is another but you've already got it anyway.

Anyway you will probably ignore what I've written, but that's fine. ;) Just wanted to throw my thoughts into the mix.

[ELYOB]

Dazza,

Looking at some of your stock choices , they are reasonable stocks but one must factor in shares issued , capitalisation , company fundamentals etc.,. What i am saying , it depends on the scale of your portfolio to what type of stocks one has . 2-7 stocks is the go . Now the most important thing for a small portfolio is leverage . So a PSA is not going to do much for your wealth creation . good luck! [B)]

[bear]

Dazza

While i hear where your coming from u do need to rationalise your holding to no more than 10 different companies and spread amongst the various sectors unless your particularly bullish on an area. In fact 10 may still be too high

Main reasons
1. fees are killing you you would need an 11% gain just to break even on your $500 holdings- brokers would be loving you

2. how can you keep track of everything you hold and also look for opportunities.

3. Most importantly you need an overall plan of where you want to be - not convinced you have one.

4. If you are worried about prices going down in a particular stock put strict stop losses into effect to ensure any losses are minimised. losses

5. You may wish to split your portfolio into speccies and long term holds if your insistant on keeping all. But don't just throw $500 your decision to invest would warrant more to ensure you're maximising your return - a 50% gain on $500 is worth $250 dollars to you - hardly worth worrying about - $5000 would have reaped you $2500

trust this helps

Bear

[ASXIOU]

quote:Originally posted by ELYOB

Dazza,

Looking at some of your stock choices , they are reasonable stocks but one must factor in shares issued , capitalisation , company fundamentals etc.,. What i am saying , it depends on the scale of your portfolio to what type of stocks one has . 2-7 stocks is the go . Now the most important thing for a small portfolio is leverage . So a PSA is not going to do much for your wealth creation . good luck! [B)]


Out of all the stocks that he holds, IMO PSA is the one he should definitely NOT sell. With a timeframe to 2008-9, PSA fits the bill very very nicely. It is not as speculative as most of the other shares but really does have massive upside. Just my opinion of course. :)

[kura]

Sorry Dazza, but I have to agree with the others here, you need to be more selective, generally speaking overdiversification is a receipe for mediocre returns, but you seem to have both overdiversified and achieved lousy returns (down from $30K to $24K)

Disc: I'm negative on most "U" companies that are just exploration hype.

[Halebop]

Dazza, GET OUT OF THE SPECS!

A diversified portfolio of speculative shares is both financial suicide and an improbable success formula. On average these types of shares destroy wealth. The commodities boom has really been chugging along for about 6 years. By 2004 everyone had cottoned on. You've been in the boom part of the boom and these shares have returned -20%. That says something. It might even say something about "smart money" expectations. If you really want to go "speculative", a long term strategy is THE WORST option to select. They need to be traded because they shift more markedly from euphoria to depression than other types of equities.

Sell almost everything, concentrate on companies that make money, are market/segment leaders in term of market share and financial metric benchmarks, earn high returns on equity, have low debt levels and can be bought for less than they are worth. If you really want to you can still have a resource exposure with this strategy, you just need to be more picky.

Everyone if going on about China and resources. The theory is as good as any but it's just a theory. If China is the worlds "plastic basket" it can still stumble if the world stumbles, particularly the USA. There is no such thing as riskless growth. This in turn would impact commodity pricing. The interest in alternative energy and downstream effects of high fuel prices are temporary. We've gone from an oil price that was too low to an oil price that is too high. Once the oil boom is over equilibrium will be found somewhere south (I think around $40 if the market doesn't massively overshoot on the downleg). Despite all the doomsayers we are not at risk of running out of anything for hundreds of years. The biggest "discoverer" of oil over the last 40 years has been technology - technology to extract deeper and more difficult oil and technology to use less of it when it's been extracted. It might take a few years for the market to remember this (although I suspect it will be much quicker than this) and all those energy and inflation related companies will be punished for their euphoria.

[Dazza]

keep it coming
all views are welcommed

just finding it hard which one to flog off :P

buffets rule #1: never loose money haha

[JBmurc]

have to agree with post so far more is not better , find it hard to believe your down 20% holding STX,SBM,PNA don,t know about some of your other holdings must be some real dogs in there.
Personal with 30k I,d be only holding 3-4 companys even in the high risk small cap resourse sector,Whatchlist list are for holding what your interested in keeping a eye on -portfilo holdings are companys that have the most potention from those whatchlists.

what I,d do with you portfilo;) sell everthing invest 10k in
-----STX,SBM--lower risk 5k in-- ADI high risk

[JoeKing]

Hi Dazza.
Fully agree David H. and others, spread too thin and diversifying for hedging is for whimps. trading losses against successes is treading water. There are only 2 kinds of shares to own...winners and winners.
Don't like advising but this is what I have done if its of any worth to you...
I started with absolutely no knowledge of shares or stocks, joined a sharegroup 7 yrs ago. 10 members invested $125 month each and discussed investment options. We cashed up recently about $25k each. Aprox. 20 months ago I started with $40k cash,my goal to turn it into 1 mill. in 3 years. Borrowed 125k to convert NZO OC's and repaid when sold. Borrowed a further $40k interest only (7.5%) about 8 months ago. Transfered 2 lots shares from wound up sharegroup (prox $50k) into own portfolio.
The money for me is not important, the challenge is. Its been a great learning curve, challenging and very satisfying, although there have been some disasters along the way. This is my current portfolio. I will have to sell down soon to pay a heap of tax but even so I believe even if I do nothing else, this portfolio will be worth a lot more than 1 million by sept 2008. (yes a little later than my 3 year goal but whot the hell).

NZO.NZX -- 12,400 -- $11,036.00
PPP.NZX -- 231,000 -- $42.966.00
AGS.ASX -- 100,000 -- $97,024.60
BOW.ASX -- 80,000 -- $20.251.98
HZN.ASX -- 92,000 -- $36,811.49
ICN.ASX -- 80,000 -- $5,927.32
NEO.ASX -- 1,044,285 -- $23,346.24
NEOOA.ASX --1,692,142 --$7,960.21
PNA.ASX -- 206,000 -- $65,412.21
VCR.ASX -- 11,667 -- $10,577.64

Paper value to-day $NZD321,313.60

I am including this, not to boast or ramp, but purely to show that ANYONE can succeed with enough commitment, persistence and perseverence.
Some will say:
#rule 1. DON'T borrow for shares. I felt secure the borrowings were well covered by existing equity, and prepared to accept the risk.
#rule2. invest in proven Companies. I believe so long as fundamentals stack up ok growth will come. "from little acorns oak trees grow"
PLEASE do your own research.
Dazza I hope this might help, I'm sure there will be comments raised you might get something out of...
Cheers and good fortune
JK

[skinny]

Dazza, I agree with the idea of slimming down but I also think you need to play to your strengths. You are doing a pharmacy degree so presumably know a lot more about drugs and the ins and outs of decifering clinical trials than your average punter. Why not use that knoweledge to look at drug companies-- from behenomths like Merck and Pfizer down to spec companies. As in the commodities sector there is *lots* of money that can be made for those who know how to interpret information, and a lots that can be lost for those who don't. This might sound harsh, but the fact you have managed to lose money in commodities, despite the bull market, clearly shows you don't have a clue what you are doing at the moment.

I would also use stop losses -- there is need to lose 60% or more. And finally I would bone up on your Fundamenatal Analysis skills as I note out of your pile of 30 or so stocks you managed to sell AED for a song!!!

[Dazza]

skinny

my mentality is to invest 500 or 1000 bucks on spec shares. 50% loss is fine for me , as if i can see them get say 300%+ or 10 baggers in the future, then that is fine by me.

for a 50%loss thats only 250/500 bucks, peanuts for when i graduate.

but in total losing about 2-3k i guess but mmm

have taken it on board.

will shrink portfolio, but not now.

who cares about free fees, ill wait for them to come back up again be4 i dump them

[Bel]

I have the same amount as you invested in AU stocks. But only 2! AED and TAP. I think your crazy for having even tried maintaining 20 stocks!

But then again i bet you you've learned heaps over the last 2 years so there is merit to your madness :D

[Halebop]

quote:Originally posted by Dazza

my mentality is to invest 500 or 1000 bucks on spec shares. 50% loss is fine for me , as if i can see them get say 300%+ or 10 baggers in the future, then that is fine by me.

for a 50%loss thats only 250/500 bucks, peanuts for when i graduate.

but in total losing about 2-3k i guess but mmm

Those are "small" losses at $250 or $500 but as you've already surmised (or you wouldn't have started this thread!) it doesn't work that way once you add everything up. Train youself to think in percentages and ensure you use benchmarks to compare your performance (indices are a good place to start). Once you've grown your capital pool you don't still want to be parcelling out investments at $1,000 a pop. But having $100,000 or $1,000,000 or $10,000,000 or $100,000,000 riding on a single share focuses the mind on the wrong aspects. Being up or down $500 or $5,000 on these amounts is meaningless. It's the percentage that matters. That way when you are down 4% on $10,000,000, the number -$400,000 doesn't have to freak you out (or if you are up 1% or $100,000, you don't fool yourself into a self congratulatory posture).

Some of those percentage losses are just too big. Something has gone wrong. Don't make the mistake many fundies on this site make. They mistake holding a poor performer with a subjective "long term investing" mantra instead of objectively appraising both their investments and methodologies.


quote:Originally posted by Dazza

who cares about free fees, ill wait for them to come back up again be4 i dump them

With that many shares, its not probable you have escaped permanent capital loss. Appraise what you own and identify the dogs. The losses on them will only get worse.

[steve fleming]

Hi Dazza, everyone has some pretty valid thoughts

My 2 cents would be to mix it up a bit, by having say 60% (15K) in 2 or 3 decent quality mid-cap CF and earnings positive stocks say PSA,MCR etc being the long term core of your portfolio

Then have the balance (10K) in options spread over long dated options in 4 or 5 promising specs ( such as AEXO) to give you a bit of leverage

[David Hardman]

Another option is to focus on your studies and try and become the best pharmacist around. Perhaps this is a better long term investment?

Holding 33 stocks must be very distracting (somehow I think this is your intention)... Could your energies be better used else where?

I hold around 8 stocks and find that distracting enough. I often wonder if I'd be better of investing more time in my business rather than worrying about my comparatively minor stock market investments.

Think about all the time you've spent researching and maintaining a portfolio with so many stocks but which is worth so little. Could of you got a better long term return if you spent all that time on your studies?

Your current investment process is no better than "red" or "black" at the casino. Your level of diversification shows you have no true belief in any of your investments.

All this aside.. I agree with Bel, you have probably (hopefully) learnt a lot about the various industries/sectors you have invested in. That has to be worth something...

[Paper Tiger]

Dazza

From what I remember from your posts over the last couple of years and your apparent approach to investing/trading I suggest that you sell everything, put the proceeds on term deposit and go learn about long term investing.
Once you have done some serious research then decide whether DIY shares are for you.

best wishes

Paper Tiger

[Dazza]

hey thanks everyone for their comments

really appreciated.

i guess im playing with what i can afford to loose with

as with the comments regarding pharmacy business - dun u fellas worry im already atop of my class in terms of business flare
supervising/merchandising manager/sales manager for one already!

as for the knowledge about shares etc, hell yeah learning heaps aswell.

not to mention im doing CFD on american shares...... ahhaha

Longed google, short CVX, last nite, $4000 worth on each. going for 10% profit, stop loss at roughly around 100 for each :D


i find yeah im doing heaps but its good, keeps the mind churning.

keep up the comments though.

im just really taking this free broker fees as a opportunity to do some thinking on my whackie buying.

so far:
i have thought of :
each sector - keep 2 producing companies
with 2 highly spec ones throwing just 500-1000 and just keep it in the draws.

ill let u guys know on what i have come up with

[Halebop]

Cool. I should add that many students these days are underemployed and in debt so you are streets ahead on a number of counts - including the capital one.

[pago]

dazza,dont sell anything,give it 2 weeks,mid september,then sell your unwanted stocks.no guarantee but the oz market seems to be building on the upside,held back by the usa major economic issues.you know you hold too many stocks,try an approach of dont buy anything until you have done full reseach and its worth a $20000 investment.this will focus your senses.in the next 6 weeks you may,possibly may,reorganise your portfolio without big % loss.dont delay.hope it works out for you,if you havent and cant make gains in this resource boom,think about it.cheers pago.

[Mick100]

quote:Originally posted by Paper Tiger

Dazza

From what I remember from your posts over the last couple of years and your apparent approach to investing/trading I suggest that you sell everything, put the proceeds on term deposit and go learn about long term investing.
Once you have done some serious research then decide whether DIY shares are for you.

best wishes

Paper Tiger


My thouhts exactly tiger

Dazza, you operate in the market like a cat chasing it's tail - always looking for the next hot share. That's why you have ended up with 30 odd tiny parcles of shares. I wouldn't call that "diversification" - a better word would be "stupidity"
I find it almost unbelievable that anyone could have lost money in resources over the past two yrs - incredible

Like tiger says - sell all your shares and buy some good investment books and don't enter the market again until you have grown up

PS, wouldn't it have been a better idea to have studied business studies rather than pharmacy.
.

[trackers]

Daz I'm sure its been covered already, but hey..

First off I absolutely have to stress, holding 20 stocks is crazy dude!! $25k into 20 shares is roughly 1k per share.

Now with trade fees being what they are (even realising you're holding these long term), you're still looking at needing a 6% rise PER SHARE, before you break even; Not good man.

Everyone I guess has their comfort level, mine is a strange one...7k. I don't like to have more than that in one share if I can avoid it (who knows why lol)... But this figure, or somewhere near it, means I can dispose of shares at pretty much anytime without too much of a hassle...It also means that I can usually sell a share for anywhere from 2c+ from purchase price, to be in overall profit.

The free week I'd take as a godsend... Sell the shares you know nothing about, and top up on the ones you do... My other advice would be not to stick money in the market just for the sake of it, wait and do it when your confident

[bohemian]

Dazza.Sell everything and put the $25000 towards a margin to buy $100000 worth of BHP.Sit tight,claim the interest off you income tax and get the tax` free capital gains.

[Mick100]

quote:Originally posted by bohemian

Dazza.Sell everything and put the $25000 towards a margin to buy $100000 worth of BHP.Sit tight,claim the interest off you income tax and get the tax` free capital gains.


That's a good idea too

.

[Sideshow Bob]

Dazza,


All I can say is that I hope that you're drawing down maximum of your (interest-free) student loan!


Cheers
SSB

[danchop]

trackers wouldnt most people use online brokers now which you can buy and sell shares online up to about 30 grand worth for $30,as for the comment on margin loans its a very good way of leverage if you can mentally and financially afford possible margin calls,ive had one over the last year with mcquarrie,easy to get, the interest rate of 10.35% i didnt think was too bad and you dont have to make regular payments on it.my first foray into it wasnt successful but it hasnt put me off doing it again and bhp wouldnt be a bad bet although i wouldnt use the full 75% lvr just to be a bit safe,and when/if you get a margin call they are very nice about it

[Dazza]

agreed , i came into this resource thingie
mainly on buying highly spec stocks, looking for multiple increases in SP until 08/09

the reason why i choose 08/09
was that is when i start work as full time.

i figured, making a few baggers here and there would be enough.

however with about 2 years gone, with 2 still to come, the may/june correction along with the CAZ vs RIO debacle has really eaten into my paper profits, and has erroded all my value.

2 years - is in fact my whole investment life time, ie first year i was mainly holding tel/skc/cen/whs etc

ive only really been in this resource market around october 2005

so in theory ive been with the resource boom for only the past year.

so dun give me too much beef fellas :D

but all is taken into account.

i have sold a few today, and beefed up some - mainly SBM/KMN

will continue to post my updated portfolio.

will be interesting to see how it is in 08/09 , to see if my goals of getting 50k or double my investment was achieved or not :D



thanks for the in put fellas.

but selling up and putting 25k into a term deposit is for old men, not young fellas who takes the risks and learns for it.

25k in 2 years time will be peanuts for me

regards,
dazza/daz/dazzahc

[Dazza]

so far im down $2000 my portfolio that is, of which $800 is due to CCIO's 90% paper loss!!

sitting on 120% gain for FXROA

and 70% for AGS brought 2 weeks ago

so far pago's suggestions of holding and waiting till xmas for the dogs to rise a bit more then offload seems of sense.

PT's suggestiong of 25k in TD - netting 6% interest a year which is 1500 sounds enticing, but im sure i can get 1500 , im sure a few of my spec shares can get 100% returns :D

im sure of that anyhow , haha hopefully

oh well its all fun and its money i can afford to loose.

[Dazza]

also i guess i have been holding these dogs for a year , in relation to say in 3 years time, they may turn out to be gems, of which was the reason why i oped in to them :

main dogs im holding are :
GLX/CCIO/GPN/WMEO
btw those 4 im down by 2800 !!!


ps.
i got ****ted on this year, cause i brought mainly around april/begin may ><

and then BANG got screwed

if i was to jump out now, afta the may/june correction, id be doing what buffet says i shouldnt be hahaha :D

i was lucky to pick up cheapies though in the down fall :D

[Tim]

Instead of buying very risky small company resurce stock it is better to buy top quality like BHP. If you want to increase simply use warrants as mentioned before for leverage.

[Dazza]

trackers - a 6% rise is piss easy for spec shares,

eg ARUO - ive seen my 120% paper profit dribble down to zero, only to bounce back to 30% up.

like they say higher risk higher rewards

im happy to take a 50% paper loss, if i can see they have a chance of striking it big sometime maybe....

haha :D

but yes what i saw in my portfolio, was i was spread waaaaaaaaay too thinly :D

if anyone else has any more suggestions, as to which one to keep or sell would be great.

Below are my entry prices for each company:

AMU - 1.06
STX - 0.33
COE - 0.62
GLX - 0.30
EKAO - 0.065
BPT - 1.60
PSA - 2.75
NZO - 1.05 avg
AEX - 0.033
WMEO - 0.15
EXT - 0.105
ARUO - 0.18
AGS - 0.545
PNA - 0.31
CDUO - 3.30
MOX - 0.29
FNTO - 0.055
THXO - 0.22
ZFX - 9.00
FXROA - 0.33
IGR - 0.195
SBM - 0.50
KMN - 0.34
RNG - 0.15
GPN - 0.026
CCIO - 0.006

Regards,
and many thanks

[Dazza]

Right im able to get my **** together, so far prelimenary round :D

TO BE SOLD OFF : either for break even , or for 100-300% profit, ie not LT holds.

CCIO/GPN/AMU/ARUO/EKAO/FNTO/GLX/GPN/IGR/MOX

LT holds + spec plays:

ZINC - ZFX

Uranium
LT hold - AGS & SMM
Spec plays - AEX or EXT hard to figure out which one..

Oil
LT hold - BPT & PSA
Drilling plays - COE & STX

Nickel
LT hold - FXROA & AGM - producing next year

Gold
LT hold - SBM & KMN & RNG - chairman = OXR's CEO
Spec plays - MON - CSM's ex CEO

Metals
LT hold - PNA & CMR - producers soon
Spec plays - THXO & CQTO & CDUO

so ive cut it down to 12 LT holds and 8 spec plays.
LT holds - will add to position on dips
Spec plays - $1000 max, will upgrade to LT hold if situation changes, or sell on gains to fuel LT plays.

with 10 going to sell in the future ONLY at a good price :D not now hehe.


so thats the plan for now.

if someone could tweak/help in my portfolio reshuffling would be appreciated! thanks.

BTW once 2008/09 hits, i mite liquidate all holdings to buy a house.

my time frame for this boom is really 2010 for most resources, bar uranium off course.
oil/gold - obviously only the lean mean and green survive.

base metals - most will get taken over , or die out due to falling prices.
eg Ni may have reached its peak, Zn is expected to fall around 08/09 when new mines come online.
Cu/Ag/Au will depend on world economy which i reackon will flatten off.

PS - NZ stocks are boring :D

[danchop]

far out dazza,i once bet $1 each way on every horse in a race,i was gauranteed to win come 2nd and third,and last

[Dazza]

heheheh danchop :P i see where ur coming from!

silly me.. but the difference is,

horse betting - has FIXED LOSSES AND FIXED GAINS

spreading in shares - FIXED LOSSES and UNLIMITED POTENTIAL GAINS :d


hahaha, but yeah damn, poor me though, none the less its been great

nice to play around with, be4 i start to do some proper investing in da future haha

[Romer]

Joe King: Interested to see a whole heap of NEO and NEOOA in your portfolio. Are you counting on these to propel you to your first million or are you planning to use them for wallpaper??
(Just that I have some too. - - They're not worth selling but I sure wish they'd DO something!!
[8)]

[JoeKing]

Hi Romer
Been sitting/trading these for a while. They have well paid for themselves. Still 15 months till op conversion...fraccing frustrating but patience could pay-off here. I believe the stuff is in the ground they just gotta get it out...
Will never be a CDU or AGS but NEO has been tipped by some reliable tippers including Inside Trader & Fatprophets, whom I have a lot of faith in.
Not a big $ amount and as you say..
"They're not worth selling but I sure wish they'd DO something!!"
Cheers
JK

[kittydashwood]

Dazza you pay so much! Pay less for your shares! Don't buy market use limit orders. You don't have to buy, wait for the market to come to you. Channel trade a share with good earnings and dividends (BHP or IGO) and build one big holding from the profits.

Use options to leverage the same position if you feel you know how the price action works. You can make the same trade again and again if you know where the support and resistance are, short term gains are added to the long term position build.

Remember Mary Holm diversifies and the whole idea of beating the market is abandoned when you hold more than ten seperate shares.

Leave 20k cash and swing trade the 5k. Aim for 3% every three days. About 150$ profit per week left as shares to run long on the houses money. You need that 20k in 2008 for a deposit why risk it?

If america stops buying china stops producing and australian resource stocks will tank. No house for dazza.

[Dazza]

mmmm yes thanks kitty for dat

i am slowly downsizing the holdings hehehe

[trackers]

Your signature shows 30 stocks there Daz, thought you were using free trade week to shave some?

Your loss lol

[Dazza]

yes the ones to be sold , i wont sell them for cheap, i have price targets for most of them and do believe and hope haha that they will bounce back, in which i shall sell em

whats 300 savings from fees, when i could hopefully get more than that


will keep u guys updated :D

[ananda77]

Dazza:

...would agree wholeheartedly with kittydashwood -he obvisiously knows very well of what he is talking about.

...remember, if you want to be exposed to a whole lot of shares, instead of tracking them individually (!!!impossible, if you want a life as well!!! and very costly) trade the index.

...remember you pay 38.50 each month to be connected live to the major markets but executing 5 trades/month takes care of this fee instead. By concentrating on 1 share, you basically have 5 'free' trades/month in this share plus the share should easily return the 38.50.

...spot index trades cost 2.00/trade independent of the contract size and the money you need is 60.00/contract.

...now as a very simple and quickly achievable strategy look at this:

aim: 10.00 return/day - index - 1contract - 2.00/contract

cost: asx-fee/year = 462.00

!!!remember: margin 60.00 is all you need to achieve this goal!!!

return: 2102.00 (33% tax paid)

...of course if you execute 5 contracts your return goes up to ~10000/year

Remember: the decision each day to go 'long' or 'short' needs to be a decision based on 'fundamental' analysis of a current market situation and can not be found in TA.

In regards to 'marketsituation', TA provides boundaries within which you may go long or short in the market, enter or exit, or stay on the sidelines. Once you have decided and have entered the market, then TA will guide you (almost like on a railtrack) the desired outcome of your trade.

Kind Regards

[Paper Tiger]

quote:Originally posted by Dazza

yes the ones to be sold , i wont sell them for cheap, i have price targets for most of them and do believe and hope haha that they will bounce back, in which i shall sell em

whats 300 savings from fees, when i could hopefully get more than that


will keep u guys updated :D



LOL :D.
Very funny Dazza :D.
Dazza-ling humour in fact ;)

[Heavy Metal]

quote:Originally posted by Paper Tiger


LOL :D.
Very funny Dazza :D.
Dazza-ling humour in fact ;)



Welcome to the ASX board Mr Tiger. I note you don't prowl on this board very much. Judging by your dazzling input I suggest you keep your forays onto this board very short:D

[Dazza]

PT and others

well that $1000 or so savings on free fees...


well i just recoupled 6k in losses.... to be up 9k in total.....

thats 15k turnaround since may/june.....


cheers to whoeva it was and my fiance for sticking to me in saying to hold it, and that there will be greener pastures :D

AGS - 100%
ARU - 170%
PMHOA - -90% >< bad call but it was a small one
CBH - 60%
EKAO - fantustatic :D
MOX - fantustatic
FXR - 45%
FXROA - 180%
KMN - 70%
OMC - 50%
SMM - 140% - though only 500 vested
ZFX - 90%


so its all good im looking to keep riding this

till around april/may be4 i start selling off

then again just rite be4 october :D

[Dazza]

well i reached a high of +16k, a 20k turnaround.

kudos to anada and kitty

to the dumps mick and PT :P

im glad i stuck to my guns n continued rather than taking ur advice hehe

though i must say ur comments elsewhere was good eh.


i sitll like the idea of a core portfolio though.

even with that, i got mainly uranium/nickel as my core.

oil... man oil suxs lol

:P

[JBmurc]

Oil won't sux for much longer-DAZZA

Bargin buys through out the OIL&GAS sector

Ekao will explode upward's very soon(as will adi eka aut)

;)

[Dazza]

portiolio is up 22k :D

or 28k turn around

or 52% gain for a year :D a lot better than the banks wouldnt u say :D

[clearasmud]

Yeah Dazza 52% is good for a year.
I,m up 45% and very happy

[absolut-advance]

Yes the market seems to be going a little too well doesn't it...

hmmm

AA

[clearasmud]

Then sell AA!
Not me

[absolut-advance]

I dont Sell based on the general market, only if it takes an effect on my individual holdings.

So far so good

AA

quote:Originally posted by clearasmud

Then sell AA!
Not me

[ELYOB]

I am 68% cash with a million dollar trading pile . By Sept07 that will go to 90% cash . The markets will have trouble very soon , not for me to call , but it will be severe on stocks without substance . Next 6-14 months plonk~!

[thereslifeafter87]

Reading this thread has been great for a good chuckle

[Shrewd Crude]

Dazza,
you came out in the end and have done well...what a turn around you had...
I think that Most people in the oil, mineral sector here at sharetrader are making good returns... ive returned 33% portfolio growth in the last month, last week was the biggest week I've ever had...
One thing about these industrys, (oil,mineral) is that you have to get good picks because
its real easy to lose money if you put money into unresearched stocks....e nee me nee mi nee mo, will get you know where here....... :D
[8D]
.^sc

[Dazza]

quote:Originally posted by thereslifeafter87

Reading this thread has been great for a good chuckle


it has hasnt it :D

all those top posters saying i should have sold during that tough time and to put the cash in the bank

ha!

got the balls to play this, then i got the balls to lose it all :D

am thinking of cashing 50% though soon... all this talk about crashing in october? mmmm

[Halebop]

Dazza, consider your overall return since 2004 and the returns various markets have generated in this time. I suspect you are still behind your key benchmarks like the All Ords. For the additional risks many of those spec companies represent you should be ahead. The current boom in miners - specifically (but not exclusively) the specs - will prove temporary for all but those very few companies lucky enough to both find and time a truly world class, low cost resource. Its easy to forget during a mining boom that over time the mining sector tends to generate sub par returns.

[Dazza]

quote:Originally posted by Halebop

Dazza, consider your overall return since 2004 and the returns various markets have generated in this time. I suspect you are still behind your key benchmarks like the All Ords. For the additional risks many of those spec companies represent you should be ahead. The current boom in miners - specifically (but not exclusively) the specs - will prove temporary for all but those very few companies lucky enough to both find and time a truly world class, low cost resource. Its easy to forget during a mining boom that over time the mining sector tends to generate sub par returns.


once again a great quote from halebop :D

yes i do agree with you that over time usually the mining sector is sub par.

my investing history is as goes:
2004 - dipped toes into share investing buying nzl blue chips.
2005 - got out of blue chips and got onto asx but not much really i think pol/atr were my first buys.

2006 - when i got serious, and dumped most of my 05/06 summer wages onto the market in march. then came the correction in may/june

end of 06 - stopped putting money in portfolio, and just really playing with what ive got.

so really only been in this game for 18 months.

i am however seriously considering of cashing up a bit soon due to october so called fears.

but just do not know what to sell :D