Share Market

[StuMiller]

Anyone into shares and share trading?

If so, any tips?

I'm looking at buying some BHP shares as they're at a two year low...

[Wattie]

Buy them cheap.

Sell them high.

Happy to be of service

[laidback]

A lot depends on when you might want to cash out. See a financial adviser...

Not a finance guru but my tip would to do it through a super fund for tax benefits.

[robracer]

Have had BHP shares for over 25 years, dividends have mostly been good

[StuMiller]

I've got myself some Woolworths and Fortescue Metals shares and they've gone up in value. So far, so good.

BHP shares are at their lowest point in the last two years, so I might throw some cash at them and see what happens..

Btw, fantastic advise Wattie!

[Glen]

Think about what drives the share price. In BHP's case it's all about where Iron Ore prices are going. look at their peers and see how they compare. in BHPs case it's Rio. With Fortescue again it's iron Ore Price although in Twiggys case he has a much higher cost of extracting ore than BHP and RIo ie he scrapes it out whe the others blow shit up. Fortescue is great when the ore price is at > $100 but wil suffer if the price drops.

A dark horse is Onesteel or Allium as they are now known. they are shite at selling steel but their forecast for their Ore Exports puts their share price at somewhere around $4.00.

The best tip for share market dealing is to buy them when you think they are well priced and then forget about them. If you try and chase the market unless you really know your stuff you'll lose. Oh and don't listen to other peoples opinions.......no one ever gives someone else a good share tip

[fireyrob]

Anyone on twitter to follow?

[Glen]

There's a reason it's called TWITter you know

[Wattie]

There's a reason it's called TWITter you know

i call it twatter.
Theres plenty of twats on my feed

[robracer]

Watts Twitter?

[Wattie]

Twats of the female genital variety haha

[Jonno]

BHP..... rock solid long term investment

[Naked Twin]

Depends on what sort of your investment strategy you are after. If you are after dividends (cash) then look at those who consistently pay out cash, Telstra, Woolies, Coles (owners of this) typically pay good dividends.

However if you are after long term growth potential in the actual share price, look at what is behind the company, it's asset base and cash flow. A lot of technology/ dotcom stocks don't have a great asset base but are able to do massive amounts of cash, IBM, Apple, Google etc, whereas a company like Rio Tinto or BHP won't always generate great profit dividends, they do benefit from speculators who drive up the share price on the basis of potential mines leases or prospective mine sites that aren't yet proven.

Try and understand why the price is high or low, Gold went through the roof during the GFC (I still say why) even though it generates no income is simply a place to store money as it is seen as a strong asset, so people see it as a safe asset. Problem is when it goes down there isn't any coin coming out. If you can understand the emotional motives behind why certain stocks appeal at different times you can get in at the true bottom of the cycle.

Oh and never rush in, a lot of these traders are glorified punters (good ones) but it has some risk.

Renee Rivken once said, buy when everyone else is selling and sell when everyone else is buying. Made sense to me

[smithy5]

I won't give you any advice on what to do with your money, however, If I had any surplus funds, I would be paying of my own home first, before putting one cent of my hard earned into Super or Shares. Once my own place was paid off, I would then buy a commercial property investment and pay that off.
After all, that's what the Super and Share Companies invest in, bricks and mortar, so why not cut out the greedy middle man and keep it all for yourself......

[webcase]

Good strategy Smithy.Share market is one step away from the roulette wheel.

Disclaimer:Saying that i do own some BHP shares i bought last time they tanked.Diversity and all that crap