The Newbies Guide?

[thebusinessman]

Hi all,

Having recently sold a business, and already owning a property (rental) which was purchased before the boom, I have found myself in a situation where I have just over 200k which I have sort of earmarked for another property in the future - but in the meantime I am not happy with standard high interest accounts (although they are nice at the moment!)

What steps or advice would you give an alternative investment beginner? Obviously like all kiwis I followed the 'buy a property' mantra - and glad I did - but my rental covers the mortgage and I'm getting itchy feet over the cash I now have from the business sale. In a couple of years I am likely to purchase a property for myself with this money (plus mortgage) but for now don't mind having a play around.

Suggestions? Let's say I am comfortable leaving half at least in the bank, and am looking to build a nice diversified portfolio with the other half.

Start from the basics too, I'd like to direct trade without a broker if I can (online) but would like recommendations on the whole process.

Thanks!!

[Crypto Crude]

heres the most important question....
what level of risk are you prepared to take on?....
describe your risk profile....
[8D]
.^sc

[CJ]

Open an internet brokerage account. pretty easy and most banks have them. I use ASB but national has one or the Direct Brokerage one is apparently good.

Time frames, risk, how much analysis do you want to do. Diversification/specialisation. cashflow/growth.

Are you now unemployeed (this may influence cashflow/risk etc).