BF2S Forums The value of saving and smart investing

Last edited by Spark (2010-01-04 07:45:46)

Spark wrote:

Hm, I don't know much about investing, what I do know is that my parents tried to 'invest' (well in reality just my dad) by day-to-day stock market trading.

We lost a lot of money. Badly. I think mum's idea was better, going into property especially given the magnitude and substance of the housing boom here.

Watching this thread with interest to pick up the basics on saving/investing so I don't fuck it up as well.

PS. Almost everyone here uses superannuation as their form of 'investment', I don't really know what that means though - apart from that a fund 'invests' in different areas like the housing market, stock market etc. I have no clue whether/how that is different from a 401(k), whatever that is.

Cybargs wrote:

JohnG@lt wrote:

DrunkFace wrote:

There's nothing stopping you having a self managed fund. Also contributions are tax deductible and earnings are only taxed at a maximum 15%.

How hard is it to get Aussie citizenship?

It is fucking easy to get citizenship for Aus. But we have the hated socialized healthcare too But our taxes are low as shit due to efficient governing.

Well you can always visit the immigration website, PR is fucking easy to get as well. Citizenship should take around 4 years, or find a nice aussie girl

Cybargs wrote:

JohnG@lt wrote:

Cybargs wrote:

It is fucking easy to get citizenship for Aus. But we have the hated socialized healthcare too But our taxes are low as shit due to efficient governing.

Well you can always visit the immigration website, PR is fucking easy to get as well. Citizenship should take around 4 years, or find a nice aussie girl

Aussie girls are batshit crazy. They do like Americans though

Actually just say you're Canadian, it's a commonwealth thing

My dad used to work in immigration, and you have a degree in EE I presume (from what I've read in your posts before). Aus will definitely take you since you have a marketable trade skill and of course you can speak English. Oh and our economy is kickass now due to abundance in natural resources (Aus dollar is almost in match with American ).

Cybargs wrote:

JohnG@lt wrote:

Cybargs wrote:

Actually just say you're Canadian, it's a commonwealth thing

My dad used to work in immigration, and you have a degree in EE I presume (from what I've read in your posts before). Aus will definitely take you since you have a marketable trade skill and of course you can speak English. Oh and our economy is kickass now due to abundance in natural resources (Aus dollar is almost in match with American ).

Abundance of natural resources? Sheep farms????

That's New Zealand .

Well Aus just signed a deal with China for 50 years worth of Natural gas and oil (correct me about the oil part if anyone knows).

Aus has a huge ore mining industry... And uranium too.

Oh, and you get to enjoy tasty kangaroos

Pug wrote:

JohnG@lt wrote:

Pug wrote:

Good luck then.  I would be interested in hearing your strategy on picking stocks/how often trades made/what info sources will be used/etc

Strategy is to pick stocks of companies that Buffett would call 'Franchises'. Name brand stuff that has room to grow like Coca-Cola. Stocks like that aren't sexy but they're the safest and will give you the most stable returns. As far as how often on trades? Well, I don't plan on ever watching the stock ticker and have no desire to bet on short term gains or losses so rarely. Sources? The company annual report and the WSJ for any pertinent news.

Was looking for something more specific, but ok

JohnG@lt wrote:

Cybargs wrote:

JohnG@lt wrote:

Aussie girls are batshit crazy. They do like Americans though

Actually just say you're Canadian, it's a commonwealth thing

My dad used to work in immigration, and you have a degree in EE I presume (from what I've read in your posts before). Aus will definitely take you since you have a marketable trade skill and of course you can speak English. Oh and our economy is kickass now due to abundance in natural resources (Aus dollar is almost in match with American ).

Abundance of natural resources? Sheep farms????

JohnG@lt wrote:

I need trees and mountains and snow to be happy. Sharks are also not my cup of tea.

Last edited by DrunkFace (2010-01-04 09:43:29)

Flaming_Maniac wrote:

While I'm with you as far as the fact that Australia certainly has natural resources to speak of, per capita means very, very little when talking about resources. Absolute production is what is important on a global scale.

Cybargs wrote:

DrunkFace wrote:

We got a little of topic.

But the OP is right that you should be saving (investing) for the future. Unfortunately my super fund lost 7.82% last year because of you know what. But the previous 5 years its been averaging about 14%p.a.

From what I've heard Vietnam is the next big market... Invest around March, pull out in October.

HANOI – Vietnam is considering putting price controls on a broad array of products and is cracking down on certain personal and political activity, in a sharp reversal of what has been a move toward more-open markets and a more-open society.

Foreign businesses worry about the threat of price controls—something many analysts consider a hallmark of Vietnam's Marxist past. That comes after authorities last month blocked access to Web sites such as Facebook and Twitter, following cases in which several bloggers were detained, then released, on charges of criticizing the government. In October, nine people were given stiff sentences for calling for pro-democracy protests.

Carlyle Thayer, a veteran Vietnam watcher and professor at the Australian Defense Academy in Canberra, says conservative factions in the ruling Politburo are tightening their grip on the country as Vietnam's economic worries—especially inflation and fallout from currency devaluations—grow. He says he expects more crackdowns and arrests to come in the run-up to the country's 2011 Party Congress, a major political event that will aim to map out Vietnam's political and economic direction for the following five years.

In turn, the crackdowns threaten to curtail investment and economic growth in the country.

Cybargs wrote:

JohnG@lt wrote:

Cybargs wrote:

From what I've heard Vietnam is the next big market... Invest around March, pull out in October.

Incorrect. Investing in Vietnam is a lousy idea:

HANOI – Vietnam is considering putting price controls on a broad array of products and is cracking down on certain personal and political activity, in a sharp reversal of what has been a move toward more-open markets and a more-open society.

Foreign businesses worry about the threat of price controls—something many analysts consider a hallmark of Vietnam's Marxist past. That comes after authorities last month blocked access to Web sites such as Facebook and Twitter, following cases in which several bloggers were detained, then released, on charges of criticizing the government. In October, nine people were given stiff sentences for calling for pro-democracy protests.

Carlyle Thayer, a veteran Vietnam watcher and professor at the Australian Defense Academy in Canberra, says conservative factions in the ruling Politburo are tightening their grip on the country as Vietnam's economic worries—especially inflation and fallout from currency devaluations—grow. He says he expects more crackdowns and arrests to come in the run-up to the country's 2011 Party Congress, a major political event that will aim to map out Vietnam's political and economic direction for the following five years.

In turn, the crackdowns threaten to curtail investment and economic growth in the country.

http://online.wsj.com/article/SB126146313438101283.html

Only if you invest in the right things You have to well... Know the inside news of corporate activity in vietnam tbh. Only certain business' thrive.