[HotSizzles]

I'm sooooo happy. Haven't posted around here lately so I thought I might post this. Just entered the shares market buying $4000 each of 2 different stocks. Will buy more in a couple of weeks once paycheck comes in so that I have a more diverse range of stocks. My plan is to grow this investment at a rate of 10% per 2 months (or around that)

Not bad I reckon for a uni student

[nado]

Nice, what shares did you buy?

My first shares were about $2000 worth of Telstra shares about 3 or 4 years ago (i.e. at 14 or 15 with my savings). And they haven't gone too well, but hopefully they'll pickup when the government sells off the rest of Telstra.

And the last thing I put into shares was another $500 (and my brother put in $500 too) into a global shares mutual fund. And that hasn't gone too well either

If I had money at the time, I wish I had of bought shares early in NAB, CBA and Google.

[HotSizzles]

telsra. Man that company was a big disapointment.

I bought Fosters and Babcock so if you can please drink more booz to increase share prices

[nado]

You should watch to see if this company goes public: http://www.brewtopia.com.au/

... they look pretty promising

[richkid]

congratulations on your investments...

I have shares in Dragon Mining (DRA) on the ASX, but they havnt been doing to good lately.

And i have been trading the ASX200 using CFD's which is a lot of fun.

[joshw]

10% every 2 months? Let me know how that goes.

[HotSizzles]

Well the book I was reading the author mentioned he was doing over 15% per month. But I dont know if thats achievable so I aimed for a bit lower.

[joshw]

what book?

Thanks.

[bigp]

Sorry to blow your bubble, but 10% every 2 months is pretty unrealistic. Considering the top investors get way less then that, this number sounds crazy. That amounts to 80%-100% annual gains. If you can do it, you won't need to tell us, because you'll be in all the papers pretty soon.

It would be more realistic to consider perhaps 10%-20% gains.

I'd also like to hear who the author is. One of the great investors, Peter Lynch was able to average 30% gains over a 13 year period, and he is still considered one of the top investors.

So your homework before setting yourself up for disappointment.

On the other hand, good luck. If you can do it, I hope you have all the success in the world!

[joshw]

That's why I was wanting the book title.......10% gains in the market every two months isn't just unrealistic, it's absurd. If you are wanting to learn investment strategy from the best, read Peter Lynch's One Up on Wall Street.

However, if you do manage to average even 5% per month, and started out with $10,000 you would reach one million dollars in just 7 years....but by year four you would be on the front page of every major investment news publication.

Sorry for the rant--I've seen one too many people blow money on "hot investing strategies" in the stock market. I would recommend putting your money toward a business venture in an area in which you are more experienced.

[Steve]

My guess, especially after reading a book "Fooled by Randomness" -- a person could make 10% a month for a period of time and than the 100 out of 1000 event would happen and you would say bye-bye to all your money and profit.

Read the book -- especially if you are going to do any investing.