It seems that some of you QGL peeps play with stocks.

How do you guys go about trading?
Do you use financial advisers or no-frills online Brokers?
Do you use stock tracking/buying&selling software?

Now with everyone losing money on the stock markets it seems like it will be good time to piss away a few gambling dollers.

Discuss.

definately commsec. It gives you a trading account, a debit card and an investment (high interest) savings account, and a loan to buy shares - if you want ;)

$20 a trade (if less than $10000), either buying or selling is pretty decent too!

as far as advice for buying shares goes... hold off

I use Comsec for personal and citigroup for corporate.

wouldn't it be a great time to buy? Things are so cheap!!

the cheapest shares are in insolvent companies

Commsec ftw.

I can trade really low amounts of shares and still come out on top with the $20 fee.

Hack actually had some 'expert' guy come in and say now's not necessarily a great time to buy. Basically he sounded like every single person I've ever spoken to about shares - ie, its a gamble. Some of the s*** companies might recover but they might also just die in a fire apparently, so who knows.

All I know is the Australian dollar is sinking rapidly and greatly shortening the amount of time I can stay in Europe. f***er.

you won't lose buying Woolworths, and that's a fact.

Aussie Bank's, Woolies, Wesfarmers (Cole's and Bunnings) will all keep making money as long as people are getting paid and are eating food.

Banks are in trouble all over the world at the moment so I wouldn't consider them as safe as they would be in a normal recession. Having said that, you are right about those that pull through the other end (hopefully most of them).

so what about mining sector shares? I.e bhp and rio?
Do you think BHP can drop any further than $29? And even still wouldn't that be one of the companies that definitly will recover within a year or so?

yeah resources have all of a sudden gone on the nose. steer clear. oh and buy westpac.

Not a great time to buy, a good time to learn though.

It'll turn around eventually. Been having a look over Commsec, it looks really good compared to some of the others I have been looking at.

Cheers.

Commodity prices generally will drop in a global downturn so mining is unlikely to be good even at current prices. Everyone is guessing at the moment, but my best guess is we've got a long way to go before things bottom out.

I've recently signed up with https://invest.etrade.com.au/


Haven't used it yet (waiting for the right time)

anyone else use e-trade?

They went down for 2 hours after the recent market drop.

stock broken :(

I'm pretty much in the same boat as a bunch of people here - wating for the 'turn' to dump my beautiful cash into some undervalued blue chips.

I keep thinking "is this it?" and it just gets nastier :p

Oh, and anyone heard anything from St George about the rate cut? Bastards have been pretty quiet...

last edited by Hogfather at 09:17:37 09/Oct/08

I believe St George also cut it 80 basis points, their current variable home loan rate is 8.74%

All I know is the Australian dollar is sinking rapidly and greatly shortening the amount of time I can stay in Europe. f***er.

change all ur cash moneys over to pounds and come back when the dollah is s***house and b rich =)

Hi
This is jones2304
I am new to this forum. I think this site is providing information about Stock Market Trading strategy. Now a days stock market is excellent. I think this site is to be useful to whom wants to know stock market they require to see this.
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jones2304
Stock Market

Hi

What's the difference between a stockbroker and a pidgeon?

A pidgeon can still place a deposit on a new BMW.

Hi jones2304, you seem like you genuinely want to help, thanks for your unbiased advice!

Heh, I didn't notice the dates and wondered what crack this guy was on:

I believe St George also cut it 80 basis points, their current variable home loan rate is 8.74%

Commsec as well here.

Ordinary shares historically offer a significantly greater return than a high-interest savings account, but that comes at a cost - risk.

In Australia you can invest for two things - income (dividends) and capital gain. Right now dividends are tough because companies are reporting down-turns or losses. Capital gains are tough because there is a lack of confidence in the market which inhibits spending.

I agree with the general statement that you hear a lot lately, "in the long-term good companies will be good". What that means is that companies that re-invest in themselves, have good organic growth, reasonable debt to equity, good profits - these companies will always be a good long-term investment regardless of any localised market behaviour (what we see now).

Strange Rash above is talking about the Commonwealth Direct Investment account - I don't use that, I cop the $30 buy/$30 sell fees from my everyday CBA savings account so that I don't have to maintain a minimum balance or anything like that.

FaceMan says: Dont buy stocks at the moment. There is a lot of uncertainty and many businesses will collapse. Shares in companies that collapse are worthless.

FaceMan says: Dont buy stocks at the moment. There is a lot of uncertainty and many businesses will collapse. Shares in companies that collapse are worthless.

I've had a company collapse and I lost $1k roughly. It was Green Pacific Energy and the director acted without the backing of the board and moved $4mil out the company to pay debts, in a company with a value of only $2mil. Not cool

Reference article

Bank shares are fine, because the Fed Govt simply won't allow them to fail. it just can't happen.

i had a few trmb shares, me not so happy

just fyi it seems you can get a complimentary QFF membership if you sign up to etrade atm.

Bank shares are fine, because the Fed Govt simply won't allow them to fail. it just can't happen.

equity holders can still be mostly wiped out if the government bails out a bank (and they should be...)

Strange Rash above is talking about the Commonwealth Direct Investment account

Actually its more then CDIA, its cash management - and I'm pretty sure you don't need to keep a minimum balance. I was just able to place a buy order worth $800 and I only have $200 in my cash account and nothing in the interest account :)

you won't lose buying Woolworths, and that's a fact.

woolworths in the UK went under. nothings certain.

its a gamble

isnt it always!

Bank shares are not protected by the government.