Forum Archive Index - July 2000

[Brian Gale <brigale@i4free.co.nz>]

Hi Ritchie

                I think it is very noble of you to disclose your 
experiences and I hope you won't mind if I just highlight a few pointers 
for those just starting out in the sharemarket adventure.

   At the risk of seeming to be a ' smart alec ' but really going by my own 
experience of some 35 years in the sharemarket, I just reiterate what I 
believe to be cardinal rules

Don't put all your eggs in one basket, however attractive the basket might 
seem.  Spread your risk.

Don't put all your cash into the sharemarket - keep a reserve for rainy days.

Don't borrow money to invest

If you speculate be prepared to lose your money, so only use money you can 
afford to lose.


Investing in the market can be a fascinating experience but due care and 
diligence is needed.  There is no magic formulae.  Note how the 
"knowledgeable" write books etc. on the subject. They wouldn't need to 
write the books if they had the magic to make their fortunes by investing !

So - Buy with care after collecting all the information you can.  I wish I 
had had the access to the info. that is available via the 'net in my 
younger days.  Now you can collect the data yourself without having to rely 
on a third party.  Don't be too impatient, the prices always go up and down 
- that's what the "traders" work on.  But trading is not for the 
faint-hearted, if you are not careful the broker will be the only one 
making a profit !

Keep a watch on your portfolio.  If some news looks bad for your Company be 
prepared to sell - even at a loss.  You won't win them all.

Best of luck


At 06:43 30-06-00 -0700, you wrote:


>But here is a lesson for anyone who feels like learning from someone 
>else's "school of hard knocks class time".
>
>
>Ritchie
>
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