/biz/ - Business & Finance

Any ANZ holders here? I bought at ~$25 and they're at ~$30 currently with an upcoming dividend. Pretty happy with that. I just saw them super low a few months back and thought they're bound to go up. Convinced some mates to let me invest a few grand each of their money (and some of my own).

>>1634047
Total profits so far?

Stop dieing pls

>>1634032
bump

How did your week go guys? Slow as fuck for me. No changes at all

PUT ALL OF YOUR MONEY INTO BLOCKBUSTER VIDEO STOCKS RIGHT NOW

>>1634032

Hi All, new here

>Still holding PLG from its IPO debut. So far all of it's announcements are extremely favorable. They should meet its dividend early next year.

>Got the Prospectus for Murray River Organics sitting in my inbox. There's alot of hype around it. Possible next investment.

>Considering investing in some Vanguard funds, but the dividends don't seem so attractive.

>>1634055
$2.3k

If you're not dumping all your cash into HSO, you're pmuch a loser lmao

>>1634032
bought GXY at 36c and it's now sitting pretty at 40c (bottomed at 31). Think I'll sell it next week.

Wish we could get someone in here who can give us the next pre-pump moon mission. I made around 40% in a month when GXY first got onto the scene.

>>1635092
dividend strategies are a logical fallacy. compare the performance charts of vanguard funds to high dividend stocks or funds.

>>1635221
why?

More like iam

>>1635092
I would recommend VAS, VAP VTS at least purely because the fees are dirt cheap for what you're getting. They've made me a couple of grand or so over the past 3 weeks with 0 effort on my part.

>>1636658
Hospitals are going to be overflowing over the next 10-20 years. HSO is currently heavily discounted, unlike RHC, because plebs don't know how to hold.

>>1636676
Will definitely look into it man. Thank you !!

thoughts on mpl?

>>1637796
plz what do u guys think of medibank

>>1636676
>VAS, VAP VTS
Explain what this is

>>1638166
This is supposed to be a business forum. Look it up

>>1638196
I googled those words and nothing relevant came up. Spoon feed me plz

>>1638220
They're all Vanguard Exchange Traded Funds. Basically with these you're buying into a portfolio of stocks that track a particular sector or index.

I have been looking at vap lately pretty solid returns over the long run!

Anyone here following GMC? This came up on my radar while discussing stock picks with some random tradie i work with. He got tipped off about the announcements from someone on the ground in Indo back in august and is expecting a similar move again soon.
I'm a bit more hesitant at the moment thinking there may be a retrace from the most recent Nov 15th move to 3.2c, however Im only a novice investor. Hotcopper is useless because they're 100% bullish 100% of the time on related forums. Constantly calling moonshots and other hype.

Anyone want to have a peek or give feedback if you already have positions?

http://hotcopper.com.au/asx/gmc/
http://gulfmanganese.com/

Just sold GXY. 20% gain

>>1639407
Why? They're just about to ship in the next month or so. When that first shipment leaves port the hype is going to be ridiculous.
You either have no plans to re-enter or you're hoping for a missed date.

>>1639558
should i buy gxy?

>>1640393
Looks pretty good to me. I'm going to get on board.

>>1640393
should have a month ago when it dipped due to that macquaries shilling. also conservative estimate for the SP is 0,60AUD meaning there is still juice.

>>1640416
Aware me on GXY men?

>>1640436
Li miner that's just started pulling the goods out of the ground and is about to make its first shipment. Conservative estimates put it's current value at around 58c per share. Upper estimates closer to 70c.
It took a hit a while ago when Macquarie tried to spook Li investors with some bearish oversupply nonsense forecast. It's since recovered and will easily surpass it's 51c high from June over the next few months.

There was an amazing buy opportunity 2 weeks ago when shorters smashed the SP down to 30c. Those with any sense (like me) accumulated and have now seen 40% return in 2 weeks after those same shorters subsequently got smashed. It's probably the best real, non microcap stock to get into that will see real gains very soon.

>>1641068
Do you think it will drop again before rising?
What's a realistic timeframe for it to see real gains?

>>1641084
>Do you think it will drop again before rising?
yes
>What's a realistic timeframe for it to see real gains?
\_(ツ)_/¯

pls don't blindly buy off /biz/ tips

>>1641110
>pls don't blindly buy off /biz/ tips

Just doing research familia

>>1641084
It won't drop again significantly unless there's something like plant failure or its first shipment sinks
Anon above me is right. You need to demonstrate your own due diligence and read up on it. Don't buy a stock just on a tip here. This is just to put it on your radar to have a look at.

Personally i think it will see 51c + by early to mid Jan.

>>1635248
I mean comparing a fund to a stock is not comparing apples to apples. Of course a dividend paying stock will most likely out perform a fund. But the risk is also higher

I've been in here shilling IAM for a while now. Absolute tears if you didnt get on. It still has plenty left in the tank though and imo could hit 15c by Christmas

>>1641601
I bought in when it was shilled as SRT here @ 2.3
Of course it's one of the smaller positions I have in my portfolio which is fucking typical.

Still, shouldn't complain about 160% profit no matter how small the holding.

What do you guys think about WAM? It averages about 18% up a year and offers a 6% dividend. The charts show that its been rising for years

>>1641618
I think you should have bought 3 weeks ago ;)

>>1641611
>>1641601
Gonna have to update the chart in this.
Best 10k I've ever spent with a 2c average.

>>1641625
But is it still a good buy?

>>1638433
Ya it's a great addition, also seems to have a slight negative correlation to my equity exposures which is good (e.g. today it completely offset the losses I was getting from the fall in equity markets).

Thoughts on DRM and KNM?

>>1641750
great share picks. I hope you invested every cent you have... they're going to tha MOON!

>>1641764
Glad Im not to only one who thinks so

Should I try and buy some more IAM tomorrow?

VOC dropped hard today.

>>1641791
looks good, something tells me its in for a rebound.

>>1641791
Does anyone know why? I just read through their AGM and it seemed alright, sans CFO and two board members resignations.

50 minutes to opening, lads. Who's up?
I just ordered IAM

>>1642246
>>1642600

I wouldn't touch it yet. A beating like that doesn't turn around in one day.

>>1642754
>I just ordered IAM
What price? Did you get it?

>>1642981
Probably 6.5
RIP in peace anon >>1642754

>>1643031
Lol probably

I just bought in some more at 0.058.
Hopefully if we have a productive AGM this afternoon the price should go back up to the 6s

all in on QQQ. Enjoy your mediocre returns from trading in and out of the market while I average 9+% over a 5-10 year period

>>1642981
6.5

>>1643031
Spot on, also its a flag formation m8, she'll bounce back up. No point getting panicky during the usual price swing.

>>1643053
I love being right :')

>>1643421
I'll wait for the next dip to enter.

>>1643424
Implying there will ever be another dip and that IAM isnt on a one way trip to the moon

>>1643424
this
>>1643425
There's no point in waiting, just suck it up and buy as is. You'll be sitting pretty at christmas time.

>>1643424
this -> >>1643425
There's no point in waiting, just suck it up and buy as is. You'll be sitting pretty at christmas time.

>>1641791

In still holding. But I can afford to with a cost base of ~$1

Good day for IAM. Held strong considering the massive run. May go back into the 5's but could just keep powering on tomorrow.

Fully expecting 50c to $1 SP should everything go well with Sentry, who really want to make it happen. I can't find the article but there's one about who Sentry put in charge to oversee the pilot with IAM and it that person was very well paid.

Also,
Patric's a bretty cool guy.
https://twitter.com/Patrickcanion

>>1643499
Should I get in on IAM, looks pretty good

>Fully expecting 50c to $1 SP should everything go well

That's a massive leap though. What timeframe are you setting for that? 3 years?

Thought on current MXC

>>1636736
HSO also doesn't have international exposure, less brand equity, more debt and lacks the A+ renowned management that RHC has

GPP and RMX

No mentions ITT yet, thoughts?

>>1643530
It will be 10c minimum by the end of december

>>1643565
Currently fluctuating between 4.5 and 4.7 with the occasional 4.4 and 4.8.

Wait until 4.4 and buy to make sure you don't lose any money, then when PANAX deal comes it's expected to be 6 to 8 cents, more optimistic people say 10.

I've been buying and selling MXC the entire year so I've got a good idea about the company and it's sp

>>1643589
Massive P&D today tho.

I'll see if it holds up tomorrow and I might buy it depending

>>1643592
Are you talking about how it hit 6.6 first thing this morning?
Otherwise I cant see how its a Pand D

>>1643595
6.5 open, 5.8 low, 6.0 close

>>1643597
Eh I think it just shot up in anticipation of the AGM, then short term holders saw room for profit and sold out

Thoughts?

Sorry for making a thread, next time I'll use this
>>1643599

>>1643604
Makes sense people would take profits at an instant 35% increase

Going to see what price it stabilizes at and I'll buy it. Looks pretty promising.

>>1643607
>Hotcopper

Always take what they say with a grain of salt

>>1643612
That was kinda my point
They post some outlandish shit (like my pic), especially about IAM

The one thing I ike about this penny stck, is the amount of long term holders it has. So many people confident about the future and not willing to give up their shares = high demand= increase in sp

>>1643619
Not one hotcopper prediction on any of the stocks I have invested in have come true.
If they had, I'd be a multi millionaire right now.

Yeah it looks pretty sturdy in terms of holders.
Most likely buying tomorrow. Just hope the share price doesn't fall too much lower.

What are our favorite ETF's boys? Just invested into VAS and VAP. Was thinking about buying into a Vanguard US ETF but the NAV was way lower than the share price.

>>1643640
I have VTS and VAP

I bought in when VAP was $86 a share so it's gone down a bit but it is a long term investment of course

Looking to drop 5k into some shares soon (not another etf)

VTS has done okay lately

>>1643591
This. I've lost on MXC so far but holding for PANAX and seeing what happens. Also hold MMJ, having bought at 18.5 on the Trump scare.

So far, been a rocky ride. Carrying reasonable losses on MOX and PAK presently (around 35%) but more than carried on ADV (up 25%) and ALC (up 225% - that's not a typo. 225% and it still has more life in it).

Meanwhile, how stupid was the Trump effect on the ASX? I bought CNJ at 2 cents and sold at 3.1 two weeks later. Stupid as fuck.

Bluechips aren't treating me badly either, with solid cash in QBE and QAN, up around 20% on each. Still waiting to Telstra to get back to what I paid for it though, but divvies so far ease the loss.

>>1643697
>I've lost on MXC so far

What did you buy at?

>>1643697
Should I buy in MXC or BNO. I dont want to touch IAM now that its peaking.

>>1643719
>now that its peaking.
What makes you say its peaking? It has a long way to go before peak imo

$90 sp by next week /s

>>1643720
I mean I'm not comfortable buying when it's at its highest.

>>1643725
An increase from 4.8 to 6 won't hold, surely.

I reckon buy at 5 or 5.2

>>1643612
>>1643619
Well MW actually said 10- 20c over a year ago.(guy that found intiger for RTO)
Sure, sounded like a load of shit like he was having a pull but.. When I saw the actual performance share's conditions for Mark Fisher, that's what sold IAM for me. Amazing terms for SH.
Bought 500k @2c and waited.

Now if you look at those milestones, that need to be hit (MF is confident of hitting with Sentry alone and he thinks $1 SP, said so today at AGM), apply a P/E of about 20 (conservative) and 50c and up seem easy.

>>1643774
Ive got about another 4k that id like to invest in IAM, do you think the price will drop much or should I get in asap?

>>1643777
I think you should be able to get in the 5's, but really, I have no Idea. Depends on how long you are willing to hold for. Waiting and seeing would be your best bet but we're expecting big news in about 2-3 weeks and if it's as big as we think then as anon said above, 10c minimum by Decembers end.

MRQ is drilling in QLD and results are expected to be out in 2 weeks. opportunity there for some FOMO profits since its near a low and might shoot up

>>1643607
You'll do well to be a little more conservative than hotcopper.

Good morning ASX. After 5 months my portfolio is finally back in the green on the back of GXY and IAM

How's everyone else's day starting

>>1645195
I bought in late at 6.4, I hoping the hype train hasn't pumped the brakes

>>1645514
If you're talking about IAM, she's got plenty of steam left.

Another good day for IAM, >>1645521 I agree, getting some excellent churn at these levels.

On another note, was up all night looking into a day trade for CR8 and even left a note on my keyboard saying "CR8 do it you bastard" but ended up sleeping in until 3.
I'm one lazy fuck when it comes to trading but could be so much better if I didn't sleep for 12-14 hours a night.

>>1645674
>but ended up sleeping in until 3

Same, missed out on 2 good trades today.

>>1645674
>>1645721
Do you guys not have jobs? Or are you on break after uni?

>>1645919
Have a part time job that I work at night.

>>1645919
What would you say if I told you that this is my job? It makes me more than enough to pay the bills and keep adding to the portfolio.

>>1634032
APO:ASX profit warning and lowered dividend fucked me in the ass.
Still hoping it will rise again over time.

Let's play a game, I'm curious to see the results.

Your age and how much you JUST have in the stockmarket.

Age: 20
Investments: ~ 25k

>>1645959
Trading is your job? That sounds stressful as fuck man.

>>1645964

My bad ~ 20k

>>1645964
21

2k

>>1645964
29 ~31K

Hands up if you managed to nab some tls at 4.70.

>>1645957
I always used to love working dog watch. Being in a 9-5 sucks

>>1645959
I'd say it's awesome that you're in a position to do that, would be stressful though!

Sorry if I came off as judgemental, I wasn't trying to. Was genuinely curious as I find it difficult to trade because I work during the day, hence why most of my shares are reasonably long term

>>1645964
Age: 21
Shares : 40k (recently sold a bunch for a deposit on a house and to do some travel)

>>1645990
>Being in a 9-5 sucks

I would prefer 9-5 because more hours and I'd actually have a healthy sleeping schedule

>>1645994
As in I have 40k now, had more before I bought a house

>>1645997
>21
>40k
>Also bought a house

Don't think mummy and daddys money counts but good for you

>>1645994

How did you obtain all of that $$$?

No hate if it's inheritance or gift

CKA bos! Its going to go to the moon!

>>1646003
>>1646009
None of it is inheritance. My parents havent given me a cent. Although they did give me a place to live rent free and food ect up until I moved out a month ago.

Ive been working 40hrs/week since I was 14 and have never gone without a job. I try to live as cheaply as possible , although I recently splurged out on a holiday. My investments have made small but reliable gains

whats the scoop lads

>>1646065
Ive been watching cka for a while now and even held for a brief period, although sold at what I bought.
So you think its done dropping? Why do you say its "going to the moon"?

>>1646073
Just realized there is a TH

>>1646071
IA fucking M
Get on it

you guys got any starting out reading for a noob?
next to no knowledge on asx but want to start learnng

>>1646103
I'll give it a look m8, what's your case for it? Why do you like it?

>>1646107
use the ASX website. it has enough info. They have a game to test your theories and ideas and it plays with real asx data.

Dont take stock advice from the chan, unless you want to be asked consistently if "investing in CKA, DRM and IAM" are good investments, or want to watch the handful of anons that threw a few bucks at it because they saw the GXY fiasco unroll.

Don't take stock tips from Motley anything - they're not worth the time to read it.

Don't take stock tips from Hotcopper. Every director is a crook, every CEO has lost his way, and all stock it 10 bagger. Unless its a primary stock, in which case you shit post about their competitors.

Dont invest more than you can afford to lose

and you will not get rich quick.

>>1646077

CKA to tha moon!

Who knows - just figure it should be a meme like GXY and A2M

MCT while im at it. Drill results have been 'summarized' from one Li tenement waiting for assay for grades. Above 1% ( i expect 1.4%) and its in line with PLS.

>>1645990
>would be stressful though!
Oh yea. Back was against the wall when I started and still not out of the woods yet. 23 and I've got noticeable grey hairs coming though.
Would only recommend as a last resort, the blade is sharp but has two sides.

>>1646107
What >>1646154 is trying to say is essentially you need to develop your own sense for the market.
You must be prepared to back yourself 100%, there is no room for doubt. Or other emotions for that matter.

They way I learned was diving straight in. Spent nearly every waking hour doing stock related activities.
You learn pretty quick when you've got 10k of someone else's money as your starter fully invested.

To Quote someone I forget;"A lifetime of investing is made worthwhile by the handful of winners".
IAM has and will be one of those.

>>1646194
Gonna buy IAM in the morning bruh

Missed out on the under 6's today though :(

I'm not letting this die.

Whoms up???

>>1646070
Mirin man. Good job, you earned it

>>1646319
I'm gonna throw 3k at IAM today if the price is right

Where can you expect IAM in a years time?

I'm in VAS (5k), VGS (7k), GXY (5k) and BAR ($550).

I should have kept my position in CBA

i went in and bought $4000 worth of MRQ, fingers crossed for fomo gains

>>1647273
If all goes well then 20c+

>>1647296
You bought into this why?

They haven't made any revenue in 5 years. Are you just praying for good results from this drilling?

Also fucking RIP BAL. Poor holders thinking theyre safe invested in large companies.

>>1647341

im hoping it'll bump up past 2c in the next couple of weeks for some quick gains

>>1647354

Ahk, yea it might. Depends on those drilling results. Good luck with.

What is the best way to buy ASX shares? Should I just ojpen an account with my bank (I'm with NAB)? The fees they charge don't really make it worth it in my opinion if I just want to buy cheaper stocks.

>>1647296
>>1647354
Might have potential if they find anything. I'll keep an eye on this one.

>>1647569
Yeah just open up a stock account with your bank. Yes they charge fees, but the point of buying cheap stocks is that you buy large enough quantities of them that you actually turn a profit.

>>1647585
Alright. I was looking around at other options but I think going with my bank is the best. I might see them in person and see what they can do. I'm 19 with a bit of disposable cash and not many liabilities so I was thinking about investing lightly and getting some experience with it.

>>1647569

Depending on which bank, it's like $19.95 with a min buy of like $500. If $20 hurts your profits that much, I think you are doing it wrong...

Even putting 2-3k into a Bank's shares and collceting Dividends will cover the brokerage fee for like 10 trades

>>1647594
Yeah I'm with NAB and they are the cheapest out of all the banks at $14.95 for trades up to $5000. Not sure if they have a minimum amount you need to buy though

>>1647606
Quick look through their FSG, doesn't appear to have a minimum purchase amount. Interesting

IAM looking good. If she swings back up, she'll break out and the top line will be the new support base.

>>1647296
i think it can still average down at at least a 15% drop.

just announced the START of drilling, you want to try and wait a little and then buy in just as it gets closer to the announcement - buy on rumour, sell on news.

>>1646115
Owner of the company has 2million shares in escrow for 2 years

He is banking on it being profitable

>>1645674
Didn't sleep in so late today and caught the dip, made an easy 500 dollary-doos.

>>1647903
RIP i miss heard the founder was original going to make back $750k from his startup costs but it was re negotiated to an unknown amount of shares that are escrowed for two years

>>1647948
What does this mean

>>1647970
well it means the founder has a goal to make sure the company is successful as he cant access his shares right now and if the company fails he loses everything so i guess take it as a piece of mind that he will succeed

>>1647989
That and he needs to hit the profit milestones to even get his shares for his own company.

Mark is really putting his money where his mouth is and for doing so he could end up as an extremely wealthy individual for his trouble.(as well as all of the SH lol)

What do you reckon boys, nab trade or commsec?

>>1648084
Commsec has a better trading platform and more features but nab is cheaper for <$5000 trades

>>1648100
Yea I find commsec to be far more reliable than others.

Let's keep this alive over the weekend lads

I'm at the pub spending some of my wins this week

>>1648196
What beer is that>

What IS IAM? I see on their website...

"offshore processing platform dedicated to reducing the back office and operational costs within the Australian financial planning industry."

How lucrative is this?

>>1648238
It was a shitty heineken, it wasn't my round and they were on special. Had the same effect though.

>>1648260
Schooner of New thanks

>>1648255
Its a fucking rocketship to the moon, thats what it is

>>1648264
New?

>>1648264

that makes you sound like a shill

>>1648265
Tooheys New. Youre obviously not from NSW

>>1648295
I only shill to my 4chan friends. Wouldnt it be great if all us autists got filthy rich?

>>1648295
>>1648314
Plus, some of the greatest things to ever happen to this world started off as a 4chan meme. Just look at Donald Trump

thoughts on AGY lads? might be a sleeper at 2.4c 4 lith projects and are also mining minerals essential in lith batteries (cobalt, nick)
i'm torn between this and the autistic screeching over IAM

>>1648314
No, I'm not but thanks for explaining

bump

>>1634032
Is this how shitcoiners cope?

got 2.5k to drop possibly on GXY or IAM, both seem to be shilled just as hard

>>1649002
If you don't put it in IAM you are a moron.
Also, get a better paying job so you can invest more money into IAM

>>1648464
dont put all your eggs in one basket mate

>>1649666
Unless its IAM.
Youd be more safe investing in IAM than any bond out there, and youll make way more money

>>1649674
what happens if the group of ceos go out one night get drunk and die in a car crash

how do you prepare for that

>>1649679
The chance of that ever happening is so low you'd be far more likely to win the lotto and thus should not be taken into consideration.

Just curious, how many shares of IAM does everyone own?

>>1649783
what happens if they fail to adapt to the revisions in the PS146 in time and another company comes along and does a far better job.

risk aversion for retail investors is not a cookie cutter/template solution - which is what they seem to sell in the back end.

>>1649850
None.

How many shares in WSG does everyone own?

>>1649858
>None
Why not?

>How many shares in WSG does everyone own?
None. Why should I?

>>1649866
>Why not?
Why should I?

>None. Why should I?
Why not?

Also CKA, IAM and DRM to tha moon!

>>1649869
>Why should I?
Because its going to the moon. Or do you not like being rich?

>Also CKA, IAM and DRM to tha moon!
You forgot KNM

>>1649856
>what happens if they fail to adapt to the revisions in the PS146 in time and another company comes along and does a far better job.
Are you serious? Do you really think a company being established in part because of changes to regulation, would fail to adapt to said regulations?

Even though the share price has risen 300% since SRT/IAM was starting to be mentioned on 4chan, of course you shouldn't invest in something if you don't understand that company does.

>>1649876
Looks like b8 to me.

>>1643640
Anything Vanguard is the way to go, lowest fees, lowest tracking error, most liquid (because of popularity)

what do you guys think about MMI

>>1649949
Please only post about IAM in this thread

>>1649967
mate im on iam but like i said you cant have all your eggs in one basket

>>1649970
I do. And I'm getting fucking rich

>>1649995
what did you buy in at

>>1649997
Bought half of what I own at 3c, then doubled my holdings at 4.5 after selling most (like 90%) of the shares in other companies I had to do so

>>1649999
Quads of truth

>>1645964
20

13k (started with 5.4 in June)

>>1650405
Well done!
Where did you make most of the money?

Wtf is up with all these shilled stocks in this thread?

>>1650933
Any stock thread is going to have shilling. It doesn't hurt to consider them so long as you do your own research.

I just wanted to see some logical discussion lol

>>1650933
>>1651040
>>1651107
The only reason I talk about IAM is because I know how great it is and I truly want my fellow 4chan bros to be as rich as I am going to be.
Id hate to see you guys miss the boat

>>1651116
Fkn lmao

>>1651123
Whats so funny?

>>1651116
Cliff me on IAM?

>>1651127

see>>1641676 Also attached.
Will need to make a new one but I hope you guys will listen to the strangers on the Mongolian basket weaving forum next time.

Essentially first to market, nearly profitable and is expected to make 40mil NPAT before June 2019. Current market cap is around 70 mil. First class management with a very high powered Mark Rantell. Deal with Sentry and MOU/deal expected with what we believe is NAB coming in either a few days or February,

>>1651149
Where's that screenshot from?

are there any decent budget brokers in australia that i can trade local and international securities on?

20 USD per trade seems a bit rough t b h

>>1651166
The first one was from the archives of me recommending SRT, the Broly one is something I made from data off of Barchart a month ago.

Might wanna keep an eye on the spaghetti wogs today.

>>1651924
Spaghetti wogs?

>>1652017
Italian referendum

>>1652085
Oh right.

I hope all the proces tank so i can get in on some cheap shit

Hello Australians, I need some quick help. Does compulsory superannuation come out of wages, or it it an extra payment on top of your wage? I know it is 9.5% of the wage, but is the overall situation 9.5% super + 90.5% wage, or 9.5% super + 100% wage? Do you get my question?

>>1652181
Oh, also I am talking about before tax

>>1652181
Extra on top of wages.

>>1652199
So to confirm, if my wage is $1000 per week, I get paid $1000 plus $90.70 in super? (ignore tax to make it simple).

>>1652208
I think so. Also IAM :^).

>>1652208
Yes

Your employer will break it down as a weekly amount on your payslip but the actual contributions get paid quarterly. So while your payslip will say you got paid $90 super, that super won't go in until the next quarter where you employer will then deposit $1170 or so.

It's not unusual for an employer to miss a quarter either, especially if they're struggling with cashflow.

>>1652199
>>1652214
>>1652222
Thank you so much for your help.

Damn, why didn't i take a bigger position in IAM. It's typical, my most profitable trade is also my second smallest.

7.7 and 7.8 just got wiped out within minutes. There's no breaks on this beast. Damn.
Well done to those who still got in at 6.5 last week. 25% in a week is nothing to sniff at.

>>1652322
Feels good man

>>1652255
Don't worry mate, I've only got 20,000. I am just a humble wage worker.

>>1652333

I just effectively "averaged up" and bought more @ 7.5. 15 minuntes later it hit 8.0
Thank god for IAM and GXY making my portfolio look good. If these other lithium explorers can pull their finger out, I'm going to look like a genius come new year.

I hope everyone listened to me when I was shilling IAM.

>>1652377
no u.
Also in PRE OPEN >NAANII?

>>1652383
Speeding ticket. lmao.

>>1652383
>>1652387
Nothing to be worried about

Something funky is going on. Someone just took a $58,000 dump @ 6.6

>>1652410
Getting stops hit, it's run a bit too eagerly and needs time to churn.

>>1652416
F5 F5 F5 F5

What a morning

>>1652419
All these menstruating traders need tho lol. Easy pickings.

>>1652433
*need to relax..

Completely forgot about an order I placed on firday for 0.065 that didnt go through.
It just went through when the sp dropped after the speeding ticket, then immediately went back up to 0.07

>>1652448
Noice. Happy the gap is filled too.

>>1652448
Sup Jack

>>1652454
D0xed

>Didn't buy IAM
>mfw it's probably too late

>>1652568
Me too
Don't worry, there will be another before the end of the year. Make sure you've got funds in the right spot to capabilities on it.

Fresh off the presses.

>GPP and RMX
Why is no one talking about them?

Side question, is The Motley Fool or Hotcopper worst?

>>1652643
hotcopper is just normie 4chan for stocks. Motley fool is a manipulative and obviously self interest driven media outlet that gives the rare good tip then the rest is to pump then dump owned stock onto readers or anyone stupid enough to believe them.

>>1652568
>>1652619

It's not over, this thing will hit 10c soon. You missed the boat on the 100s of percent gains but you have the option of holding for the long term.

>>1652749
>>1652568
I agree. Definitely has lost of growth left, but I think it will start to slow down alot now. If youre looking for a long term hold IAM is still a fantastic share

i used to shill SRT back in May 2016
but i thought they were going to rto into a med marijuana company.

IAM has momentum from what i see after months of not having it in my radar but the principle of offshoring something such as statement's of advice and having sensitive financial and personal information offshored is an enormous risk. All it would take is someone like Nick Xenophon to bang his drum loud enough and the practice of offshoring such processes would immediately die.

IAM is literally implementing an offshoring platform to take jobs out of Australia.
I can see why it's hyped lol.

Is buying IAM still good now it's 0.070+ ?

>>1645964
40

300k

all in sub 1c juniors, go hard or go home!

>>1652784
Sentiment hasn't seemed to have changed around IAM but I'm skeptical as fuck about buying at this price.
Don't want to get burned by a dump

>>1652806
You saw the dump today. It opened at 6.5 and hit 8.0 by midday. Shortly after being issued a speeding ticket it dumped to 6.6 before settling at 7.2

60M shares turned over today and as of close there's only 3M between 7.2 and 8.0

>>1652840
85m with chi-x.

weak IAM traders pissing themselves and panic selling. If you want to get in, now is the time to do it.

>>1652840
Put in an order for 6.8 today because I'm late to the party, wish me luck boyz.

>>1653969
Good luck nignog

>>1653969
you got in just in time for the 8c run

>>1652762
heh no one want to raise any conjecture to my comment from yesterday?

Okay, what the hell is happening with NUH?
No news, large increase in SP today and yesterday.
Will this be a repeat of what happened towards the end of October?

>>1654154
Tech startups are prone to irrational speculation and pumps as people expect the next apple or try and time the market. Look at IOT, XPE and even this NUH. Massive sp increases followed by long painful retraces. I myself lost a bit on XPE but thankfully it was one of my smallest positions.
I don't trust tech startups at all.

>>1654160

hahaha xpe

were you in that fucking facebook group with 10k memebrs where the admin died irl and it turned into a massive shitfest?

GOOD tech startups that you have probably never heard of are EMC, MX1, and NEA

>>1654172
Haha, no I don't get that involved. It was one of my earliest trades and I got caught up in a bit of hype. Lost about $800 max and learned a valuable lesson. Glad to see it go and I doubt I'll ever touch a tech stock again.

>>1654175

tech stocks are quite good, but there are a LOT of dogs in the market. UNS is a dog. XPE is a dog. IOT is a dog. 90% of them are dogs just selling on the headlines -also MJP and AHZ

I actually personally know one of the former directors of IOT who quit due to some philosophical differences with the other directors about accounting

Why can't IAM just go up every day >:/

>>1654236
she's a long term hold, m8

>>1654236
>>1654352

i personally think you guys are about to get fucked on this one. looks like a classic pumpa nd dump to me

>>1654359
What makes you say that?

>>1654359
Me too.

The whole premise of offshoring a wealthy client's financial planning data is fraught with very serious risks.

Even a watertight cyber liability or IT Insurance policy wouldnt' be able to IAM if someone hacked or stole data from the Philipines and onsold it or held it to ransom.

>>1654365
*wouldn't be able to recoup the entirety of the reputational and third party loss.

Infact I'm a little shocked that sophisticated investors on here are so hardcore shilling for it, especially saying it's great long term. If anything I'd say the opposite, it's great short term until it gets rolled out and client data is compromised.

>>1654359
>>1654365
>>1654367
Makes sense. Ill be dumping all my shares first thing tomorrow morning

>>1654364
Very rapid increase of stock price in the last month. Its just not really sustainable.
Look at XPE, IOT that >>1654160 mentioned, similar shit happened to them.
You can make some money really fast with P&Ds, but it is risky and you need to know when to pull out.
Pic related. And I'm sure someone here could one up me just by being more alert to the market.
I just wish I got onto IAM when anon mentioned it in September

>>1654372
I'm a little biased from working in General Insurance and having to deal with one Insurer's Philipino "International Team"
They know next to nothing about Australian laws and jargon and practices and trying to teach them is like pulling teeth with rusty pliers.
This particular insurer has done so poorly this financial year, partly because of their disastrous offshoring into Manila, that they gave their CEO and CFO marching orders when their annual report was released for 2016.

Be incredibly wary. >>1654377 is correct also. Whilst I made money on both XPE and IOT on the hype upwards I bought back into IOT and am now still waiting. Remember six months ago when they said that the Roam-E would be on shelves by xmas.....

>>1654365
It's already being done. It has already been done. What IAM is doing isn't new, they're just moving it into the financial advice sector.

>>1654440
Not doubting you, but examples of where this has been done before?

>>1654365
Like it's harder to crack servers in different places... What's stopping people from stealing data when it's "in" Australia? Nothing.
It matters jack shit as to where a clients data is located if it's on a network. If someone really wants to steal it, then it will be stolen.

I do understand exactly where you are coming from in regards to that particular case with the insurer though. The Philippines is especially hit or miss.
From what I understand from statements made by management is that security is very strict in the offices in regards to bringing in and leaving with any electronic device, and all of the workers are checked whenever they leave/enter the buildings.
But yes, the risk is ever present. Thankfully those who sign up understand the risks very well and proceed regardless.

SP wise, retracing on vastly lower volume is a good sign as well as the retrace itself. Nothing goes up constantly, needs some churn for all of the traders and their various positions.
The register otherwise is held remarkably tight by current investors especially considering they are mostly retail. Never seen anything like it before.

In all I will be keeping a very close eye on proceedings of-course but will remain optimistic, even if only because of Mark fishers' supreme confidence that he will see return on his years of work. Seriously, if this does not pan out he literally gets squat.

>>1654359
Don't be this guy..

>>1654442
http://www.thehackettgroup.com/centers-of-excellence/

Bit long winded but the premise is that big companies looking to reduce costs are acknowledging that simply downsizing staff or freezing spending won't help growth.
There's a fair bit of emphasis on these 'Centres of Excellence' (cute buzzword), all IAM is doing developing and tailoring a specific solution for an unrealised market.

Concerns from the likes of old mate here >>1654365 are already addressed and obviously something that was taken into account long before IAM come on the scene. Except he hasn't done much if any research, it's just speculative FUD based on his own unfounded assumption that the most sensitive financial data is being store in a shoebox in Cambodia.
You think this guy >>1654367 has stumbled across an unrealised risk that a 10yr old 800M services company overlooked? Like he's an even more autistic Michael Burry?


One thing repeated buy everyone in this general is do NOT take a position in a stock based purely on suggestions here. Do your own research, exercise your own due diligence.

>>1654359
Yup, glad I didn't buy today,

Momentum gone, wish I got in last week

Kek IAM price query, asx wants to know wtf is going on

>4chan shills

How do you guys watch stocks?

>>1654519
Hotcopper or Commsec + app

>>1654488
so you are happy to have more jobs lost in Australia then?

>>1654469
I'll concede that point. I just don't feel that data held in the philipines could be more secure than data held in Australia.

>>1654526
thank you :D

>>1654535

My heart doesn't bleed for inefficient workers, middle management or unskilled labor. If you provide a service or produce something of value, if you have a skill that's fundamentally valuable, you will always have a job. If you are not willing to educate yourself, learn a trade or up-skill yourself then you will get no sympathy from me. I'm happy for the market to dictate your value based on the services you can provide.
Employment is not charity.

>>1654546
100% agree but that's not facing the reality that offshore labour is often of a shitter and cheaper quality. Reading through the IAM website and the kind of jingoistic jargon they use borders on the disgusting!

Perhaps I wont make a very good investor down the track if I let my ethics sway my investments so much.

>>1654546
if you have a skill that is fundamentally valuable then you can be sure some ASX listed RTO will find a way to exploit and try to copy it en masse for 1/10th the cost in a nation where English isn't commonly spoken.

>>1654560
Tell me how much of what you consume on a daily basis from consumer electronics, banking, food, entertainment, clothing etc is actually produced 100% in Australia right now. After that you can then go ahead and try to explain away with whatever mental gymnastics you can muster as to why your cherry picked "ethics" only apply to this stock right now. After your brain is done frying from the obvious cognitive dissonance on display here, you can then ask yourself why your in a general ASX board on a business forum on 4chan at all. Trying to bring moral enlightenment to the locals?

"Muh jerbs" is a purely emotive political pandering tool designed to appeal and sway those who can't distinguish the difference between a double standard and a double quarter pounder. It may work around the dinner table with your sister, but it won't fly here. "My ethics" my ass. You're just another hypocrite making excuses.

Hotcopper buzzwords list:

>breakout
>shorters
>rampers
>downrampers
>algos
>instos
>cheers
>averaging down
>treeshake
>IMO
>technical analysis

>>1654578

not
>'x' bagger

mate

To whoever was shilling LWP here last year, nice work, retard.

Also wish instos would stop shorting Nextdc (NXT) for no reason.

>>1654377
finally somone see it for what it is.

this stock has limited fundamentals, offers nothing that can sustain its MC moving forward - unless they start to acquire players in the same space.

>>1654578
you forgot
>dog stock
>bottom draw
>crooks
>lifestyle coy
>tea lady

>>1654619
They are acquiring players, MOU2 due very soon

>>1654622
still not sold.

>>1654619
>>1654623

All this cope after missing out on 200% gains from mid year. Where are we now? Still denial or we moved onto bargaining?

>>1634032
bump

Got back into MXC at 4.4, hurry the fuck up PANAX

>>1655937
what's PANAX?

Would love to get back into MXC

>>1654574
lol, yeah yeah.
From personal experience, offshoring your financial product processing does not value add for the consumer of the product back home. QBE fucked it up royally, how is IAM going to be any different?

Can you provide me with any success stories of offshoring going right in the realm of financial products? I think Citibank also offshores Australian customer's processing to the Philipines.

Appreciate your response btw, we can't all agree all the time so it's nice to explore the other person's viewpoint.

>>1655937
I put an order in. This baby was my darling in 2015 made me money almost every week for 2 months just from buy/sell

>>1656000
PANAX is a Czech based medical cannabis company that MXC are about to acquire
"The medical cannabis license owned by Panax includes access to over 1000m2 of indoor growing space at the Vukoz facility – and its looking like it will be MXC’s soon enough." That's from an article.

Apparently it's being finalized this month. They say they just have a few more things to sign and sort out and it should be all good.

>>1656040
It's a very predictable stock with it's patterns recently but it should get out of the 4's soon.

>Buy at 4.4, sell at 4.8 or 5
>Repeat

>>1656046
yep that's what I was doing, making around $200-$300 every week when it was still ERI.

Thanks for the info on PANAX, as usual Hotcopper was fairly vague about it when I did some searching there.

>>1645964
A: 26
I: 30k

finished backpacking less than 2 years ago with 0 dollarydoos in my account.
Crawling my way out of poverty working 4 days a week and playing vidya the rest.
Trading has allowed me to earn more than most cunts working 5 days, which is nice. Although I never take money out of the markets, simply reinvest, so I can't really count it as usable income for now.

>>1656084
>Although I never take money out of the markets, simply reinvest, so I can't really count it as usable income for now.

30k is a lot for trading, you should take some out for yourself man. How much do you have in usable income?

>>1656084
Maybe think about taking 10% out just in case. You don't want 100% of everything you own to be tied up in a single instrument.

>>1656084
r u me? except the backpacking part. Have made 60k this year after tax/bills but I need to get at-least 100k before I can reliably get an income from trading.
Living very frugal in the meantime and probably will maintain that until I get 500k+.

>>1656015
Does this count? :P
https://twitter.com/Patrickcanion/status/805714168443604992
There are a few articles about it too.

The way Patrick described what IAM provides, was something along the lines of;

Offshoring back-office tasks significantly helps the bottom line, allows the existing planners to more thoroughly engage with existing clients providing better face to face service.
At the same-time, this also allows the practice to increase the amount of clients due to higher operating efficiencies and much faster turn around on SOAs (lily).

So what you could actually take away from that is (for IPAC WA anyways) no current jobs have been off-shored, rather, have been refocused on the face to face customer side of things.

Am currently 19, been working casually since I was 14. Bit of a jew and like to hold onto my pennies so I've managed to save $12k AUD over the years. Not much but pretty decent considering I average about 1x5 hour shift per week because the older you get the more replaceable you are by 14 year olds for less $$/hour.

Is there anything I should be doing with my money instead of letting it sit in a bank account?

Please keep the memes to a minimum. Surely $12k AUD is a substantial amount to start making decent, safe profit from - or it's just pocket change and I've never had a decent yearly wage to realise that, idk

Give a painfully middle class Perthian who's parents are so obviously shit with money some advice. I've already had to suffer enough being a Perth resident

Anything on the watchlists for early 2017? I've sold a property that settles early Jan and will have some cash floating around. What are we expecting to move?

Don't say GXY or IAM. No tech startups (IOT, XPE, TV2 etc)

>>1656265
Doing fine. Most 19 year olds would have blown it on a car by now.

>>1656265
If you're cool with just having $2k in your bank, then invest $10k.

Think about it, you invest in a stock, it goes up 5% (Not that crazy) and you've got yourself a $500 profit. 10% and it's $1000.

Pretty good amount to start with and if you're making the right choices you can start multiplying that money quick

>>1656315
Just remember you can lose $500 or $1000 just as quick as you can make it, so be careful and do a fuckton of research before buying anything.

$10k is a lot of money, especially when you've got a total of $12k

>>1656291
Yeah, I tried to stay away from sinking money into something which is essentially a money sink in of itself
>>1656315
Never really played the stock market and don't really know how, pretty scared of >>1656324 happening as well. Although, I'm starting a degree in Data Science next year so I might keep saving for three years and then use my hopeful future know-how of data to analyse market trends to pick what's best.

It's just annoying seeing a lump sum of money just really slowly build when I feel I could be growing it a lot quicker - I guess it's safer this way though. Greater risk = greater reward

>>1656265
Don't discuss your finances with your parents or friends. They shit out memes like "stock market is gambling" and "invest in property". It gets to be insufferable. Although highly satisfying when they come out with shit like "the expert on the radio said BTC is going to crash" then it nearly doubles in 5 months.
Only invest in property if you make a good salary and want the tax deductions. I wouldn't advise it right now, rental market is too competitive.

Otherwise whatever you do, start small because you're going to make mistakes and learn the hard way. Don't take a position so small that all you profits get eaten up in brokerage. Don't listen to the news, newspapers or mainstream websites. Ignore everything said at hotcopper. Don't blindly invest in anything mentioned here.

You could dump it in a Vanguard fund and make 6-8%. That's fucking boring but better than a savings account earning 2% and almost no fees. Set a goal and play with a compound interest calc like the ASIC one to see what you can achieve based on various scenarios.

>>1656331
I would say learn about the stock market and keep a close eye on stocks. Browse hotcopper (dont take what they say too seriously though, they are WAY to optimistic) browse ASX threads and read newsletters and when you're ready to invest you should have a good understanding of what stocks are good to invest in.
Jumping in early without knowing much is a great way to learn but you learn the hard way by losing money.

Anyway, good luck with it. Being 19 with $12k is pretty good btw

>>1656333
Omg yes. Real Estate, Real Estate.

Gotten this my whole life. Ugh. Market is shit atm. I am currently saving to buy my first house, after that I will be diversifying myself with the freed savings I will have. Most of my wage is going into saving for that deposit. Like 45% of my wage

>>1656333
>Don't discuss your finances with your parents or friends. They shit out memes like "stock market is gambling" and "invest in property". It gets to be insufferable.
Couldn't have said it better myself. My Mum goes on about how Australia is dying, jobs are getting impossible to find, all our industry is dying and companies are always going under/getting liquidated.

And then my Dad goes on about either making a small business for yourself so you can be your own boss and control your own profits. Yet I suspect over the past 5 years he's sunk upwards of $250k AUD into shitty little "projects/inventions" that he thinks will take off and make him a millionaire. And all of them are things which have already been done (e.g variable lighting controlled by a smartphone app/touchscreen - AKA the Phillips Hue) to a more than reasonable degree. Or he talks about how simple it is to invest in property and make tons of money from charging people for rent - yet he's been renting for the past 5 years at least.

As I mentioned to begins with, my parents are retarded when it comes to finance.

I'll look into a Vanguard fund though - sounds promising.
>>1656341
I might have to give it a close look, do you have any beginner tips for someone just getting into the stock market? I get the basics that you buy a part of a company and as that company becomes more valuable your share becomes proportionally bigger. And that some stocks give annual dividends to their investors as a token of good faith or something like that - a way of keeping you investing pretty much?

Besides that I have no idea about any particular stocks on the ASX, how to view their trends/history, where to go for semi-reliable news within the ASX, decent analysts to listen to, etc, etc

>>1656351
I find hotcopper to be decent in initially finding stocks to look at. Yes, they're massive shills, but it is what it is. Just take a look at what they're shilling, then do your own research from there.
The ASX website also has listings of all of its stocks' financials and miscellaneous info.

>>1656333
>>1656343
Yes, real-estate is a meme, one that I won't touch with a 10-foot pole. Why would anyone pay out the arse for a grossly overvalued house that will lose much of its value when the bubble bursts?
Its classic bubble behaviour. Everyone is scared of missing out on this 'great opportunity' to own property under the assumption that it will go up in value and that they can live off the rent. This thing is going to crash HARD.

>>1652753
>If youre looking for a long term hold IAM is still a fantastic share

Why, what makes it special? Financial planing, what is so profitable in it, why will this company accumulate extraordinary profit and grow?

Genuinely interested, are they selling some software that no company in the world has yet developed?

>>1656351
>do you have any beginner tips for someone just getting into the stock market?

It takes a while to learn enough to be confident about it. Like I said, just browse around hotcopper, ASX threads, read news sites etc. No matter how boring it may be initially, you learn a lot.

>And that some stocks give annual dividends to their investors as a token of good faith or something like that - a way of keeping you investing pretty much?

Stocks that give dividends tend to be very stable and expensive stocks, like banks and big oil companies, and they are long term holds. You won't make money quickly with them and I think they pay you a certain percentage of what you invested, so with 10k it wouldn't be too much.
People invest in dividend stocks with like 50k or 100k, or something. It's more something for rich old guys.

We mainly talk penny stocks here, which are very volatile and you can get a lot of money really quick if you jump on a company that appears to be going somewhere.

>Besides that I have no idea about any particular stocks on the ASX, how to view their trends/history

Do you have a broker? Brokers show graphs on stocks that go back years ago.

>>1656443
Yeah I'm definitely waiting for that bubble to burst before I touch real estate.
My parents want me to get into it because its a "le get rich quick scheme xD" yet they're sitting on a house currently worth about $750k that they bought for $250k (developing area at the time) that will be worth probably half that once shit hits the fan, yet they don't want to sell and get a nicer house near the beach before then. Oh well

>>1656435
I'll have a look now cheers
>>1656511
Don't have a broker, got any good suggestions? You have to pay for the majority of them right? Also, if I'm going to play around with penny stocks do I need to let my bank know? My idea was to just have a seperate account entirely that I can transfer money into
>>1656443
>>1656520
What's the verdict on having a property to live in, as opposed to investment? Better to buy or rent?

Also, any good guesses on when the bubble might burst? Because I'll be looking for a place to live once my degrees finished in just over 3 years - probably closer to 4 years seeing as I'll need to find a decent job etc, etc

>>1656589
>Don't have a broker, got any good suggestions? You have to pay for the majority of them right?

Yeah, all of them until Robinhood comes to Australia. NabTrade is the cheapest by far. They charge about $14 per trade where Commsec charge $60 (they give first 10 trades free but not worth it)

>Also, if I'm going to play around with penny stocks do I need to let my bank know? My idea was to just have a seperate account entirely that I can transfer money into

You don't need to let your bank know, you get a trading account which you transfer money into and that is used to buy stocks. If you're with the bank that you're using as a broker, transfers are done instantly otherwise you have to wait a business day.
That's the only complaint I have about using Nabtrade, but if you're with NAB then that's not a problem

>>1656602
I'm with Bendigo Bank because family was so when I got my first account it was Bendigo and haven't changed since; I feel like it's sort of shit but how much does being with x bank as opposed to y really matter?

Also, where exactly should I be focussing looking at on HotCopper? The forums or just browsing through the news? Seems a bit overwhelming just having a shit load of news in my face and not knowing how it relates to which stocks. I can understand how this would become fund after you know what you're doing.

One last thing, if you're paying $14 per trade then I'm guessing that means you have to make at least $14 back on your trade just to break even?

What's the opinions on FBR and NTI at the moment?

I bought FBR during the hype at like 0.15, so i'm feeling a little stupid, but I'm certain it'll rebound within the next few months. Great prospects for the next year when they launch hadrians late 2017.

NTI seems like it's due to boom really soon, it's set for fda approval within the next few months too. kind of wish I had more to throw at it.

>>1656612
>I feel like it's sort of shit but how much does being with x bank as opposed to y really matter?

Doesn't matter except if you're with a seperate bank for your savings and trading account you have to wait a business day to transfer between them.

>Seems a bit overwhelming just having a shit load of news in my face and not knowing how it relates to which stocks.

I totally get that. I'll make it easier for you and give you some stocks to watch and you can look them up and do research for yourself (this isn't telling you to buy these stocks, just look at them and research them as they have quite a bit of potential)

MXC - Probably THE frontrunner in the Australian medical marijuana industry that is starting up.

AOP - Australian mining company in Africa that has seen some success lately

IAM - Doing well but be very skeptical of shills

GXY - Lithium producer that is making it's first shipment coming within a week or 2

FBR - Robotics company that has seen a bit of hype recently

That's a good few to start with. Create a watchlist and add those to it.
I'm personally holding MXC at the moment.

>>1656619
FBR I was very keen on back when it was 0.02c, kicking myself I didn't jump in.
Thanks for the heads up on NTI. Will look into

>>1656627
on my list.

CWE - Wave/ hydro energy

CR8 - highly speculative tech stock, one of the west perth Mining rtos (reverse take overs)

MXC - I want back in, MMJ has done nothing for me in the last 6-7 months

ZLD- exciting bio tech

TWH - relisting into Auscann I think. Australia's first ASX listed medical marijuana grower, I think they were going to grow on Xmas island.

Was hot on HOR but no gold strikes recently :(
that's about it for me currently.

>>1656612
These too >>1656636

As bad as it sounds, you can get all of your tips from ASX threads on /biz/ as long as you're careful to avoid shills.

I've made a lot of money off of /biz/ tips, and I find it more reliable than hotcopper

>>1656640
me too actually :-)
also I recommend looking at some facebook groups too. ASX/NZX Value Investors is great.

>>1656627
Thanks, gives me a good starting point to start researching. Sorry if you're spoon feeding me but how do I go about creating a watchlist? Can you do it through HotCopper, is it something with a broker, or is it a completely different service?
>>1656636
Thank you as well, will research into some of these

>>1656636
>>1656640
Quick question for you both, isn't medical marijuana only legal for people with like really chronic illnesses to use in Australia? Seems like it might make it hard to take off, unless they're more lenient with their prescriptions than I understand?

>>1656651
>Sorry if you're spoon feeding me but how do I go about creating a watchlist?

Nah, all good. It isn't easy to learn for a 19 year old. I was 20 when I started learning (now 21) and I feel like I know more than enough so it doesn't take too long.
Your broker will provide a watchlist tool where you can just type in the 3 letter code of a stock and it will add it to your watchlist. Pic related is mine through Nabtrade

>Quick question for you both, isn't medical marijuana only legal for people with like really chronic illnesses to use in Australia? Seems like it might make it hard to take off, unless they're more lenient with their prescriptions than I understand?

Yeah it's very strict, but it will still probably be an industry worth billions.
America's medical marijuana industry is worth about $50 billion? would it be worth less if it were strict? yes, but not too much less.
Adjust for population size and it should still be in the billions

>>1656656
I'll setup Nabtrade now and add them to the list then, cheers

Very true, regardless of how strict it is I'm sure it will see growth. It's in everyone's best interest to make money and a new industry would provide jobs, grow the economy, and of course a lot of taxable dollars for big Malcom. You really don't hear much about the business though so I'm guessing it's still quite small atm then?

>>1656666
Good lad.

>You really don't hear much about the business though so I'm guessing it's still quite small atm then?

Medical marijuana isn't even legal in all states yet. Which means it's a good time to invest as everytime a state legalizes it (and they will because $$$ and social pressure) it will be a price rise for marijuana stocks.

Also, companies have recently been allowed to apply for a grow license in Australia, yet none have theirs already. Another good reason to invest as approval will hike up the price too.

One reason I like MXC is they have a grow facility already and are acquiring another huge one soon in Europe. Not only that, but they also have a cannabis based cosmetics line to make revenue while sorting out the medical marijuana aspect. Google "MGC Derma"
and when their grow license in Australia is approved, they'll be able to grow here as well as in Europe.

>>1656671
Sounds very promising I'll give it a good hard look.

How much money do you sink into a certain company on average? Would $100 - $200 be too little because that's about my limit I'd say - especially while just beginning

>>1656677
Trades are usually $500 minimum until the Robinhood app comes to Australia. Then you can invest 1 cent without brokerage fees if you wanted.
No word on that though.

>>1656682
Fuck me, alright. Might just put $500 on a likely contender and see where it takes me, don't feel safe enough to be fucking around with more than one at a time, especially being this new. What's the typical time you hold penny stocks for, or is it just whenever you feel the urge to sell?

>>1656682
Signing up for Nabtrade and they're asking if I'm an American citizen for tax purposes. My Dad's American and I'm pretty sure I have an American passport; does that make me a citizen through acquisition?

Also, if I select yes will I get more money taxed or some shit? If I select no I doubt anyone would follow it up. Should probably just select yes though shouldn't I, seeing as you don't get taxed on trades unless you make a certain amount per year right?

>>1656714
>does that make me a citizen through acquisition?
No

> seeing as you don't get taxed on trades unless you make a certain amount per year right?
Look up capital gains tax

>>1656717
Cheers, reading through Capital Gains Tax at the moment

By any chance do you know any good resources for giving the basics on what all the info shown in this picture >>1656656 means? Last, Bid/Units, Ask/Units, Change(%), etc, etc, etc

>>1656696
I know investing $500 seems like a lot when you start, but I just went for it and ended up making $50. I was stoked.

Any amount of time, it just depends on what youve found in your research to be the best amount of time

>>1656714
>Signing up for Nabtrade and they're asking if I'm an American citizen for tax purposes. My Dad's American and I'm pretty sure I have an American passport; does that make me a citizen through acquisition?


Ayyy me too brah. Ask your dad if you have a passport. If you do then you are an American citizen for sure, but just skip that bit. Say no to avoid hassle.

>>1656769
>does that make me a citizen through acquisition?

Didn't answer this specifically, but it depends if you Dad took the initiative to get you a citizenship.
Mine did when I was a baby. I think if you aren't already, then you can get a greencard or something but that's useless unless you wanna live and work there

>>1656768
>>1656769
>>1656771
I definitely have a passport, and I'm pretty sure my Dad's told me once before that I'm an American citizen (so I'm guessing he went through the steps), but I'll check with him when I can. I clicked no when it asked if I was on Nabtrade but I doubt it will be a big deal; just less hassle this way.

Does being a dual citizen have any advantages when it comes to investment, like if I ever get a considerable amount of investment money it would be smart to own assets in multiple countries right? I'm guessing besides being able to travel, live, work in America it isn't too useful unless you're filthy rich and don't want all your eggs in one basket; working/living in another country just cause heritage is pretty neat though

Sort of unrelated, but how'd you go about learning what Last, Bid/Units, Ask/Units, Change(%), etc, etc, etc meant on the watchlist? I need a crash course in trading penny stocks

>>1656781
If you have a passport you're 100% a citizen. I clicked 'no' on that question too and that was a year ago. I've even been to america since and no issue.

>Does being a dual citizen have any advantages when it comes to investment

Not sure, It allows you to invest in American stocks? then again I think anyone can do that.
It can't hurt tho

>>1656781
>how'd you go about learning what Last, Bid/Units, Ask/Units, Change(%), etc, etc, etc meant on the watchlist?

Bid is the average price people want to buy at

Ask is the average price people want to sell at. Usually this is what you'd have to bid in order to buy.

Change % just tells you how much it's gone up or down in percentages

Open is the price the stock was when the market opened that day (9:30am)

Day range is the lowest and highest the price got to in that day

and that's pretty much it for that man

>>1656265
Also 19 nearly 20, I began researching investing at 16 and didn't buy my first stock until 18 and since then i have had ups and downs but overall grown my portfolio into something respectable. My number one bit of advice when it comes to buying anything, whether is be a car or investing your money into equity is do not buy what you do not understand.you must understand the nature of the asset. Secondly you should never put money up that you aren't willing to loose.

>>1656602
Commbank is $20 a trade btw

>>1656651

You can set up a watchlist on the ASX site aswell

>>1656671
I thought Australia was the first country in the world to have every state legalise medicinal use of marijuana.

God IAM blew up today.

>>1658291
Feels good man, and its still not too late to get in. With Intiger's milestones coming up this company will hit at least 10c before christmas, and thats a conservative estimate. Everyone's trying to wait for a dip back to 6.5 and they continue to miss out. Just buy at the current price and reap 25% gains minimum before the end of the year.

Although, as always, remember not to just believe anonymous tips off the internet, and do your own research before buying anything.

>>1658311
Theres a big dump at 8c that needs to be cleared though....

>>1658330
Just means one last chance to get in before 8c. A few dumps had an effect on the share price this past week or so, but this one was soaked up like it was nothing. No stop-losses triggered, no weak hands panic-selling. I reckon it'll be cleared with relative ease.