skippi_oz

Hey Lisa, yep, getting there with the car repayments.

It's true about signing up to finance newsletters - even if you don't read all of them, at least it's on your mind and you do read and learn about finance when you get the chance, because it's sitting there in your inbox. The key is not having too many otherwise you just end up deleting them all!

The ASX one is good for investing, and I also signed up to the CompareShares newsletter too, which is bloody brill - twice and week filled with goodies and doesn't cost me a dime!!! I'll check out the ones you mentioned as well. Are they US-based ones?

And how are you finding the ASX one?

Zed

Yeah, good info is hard to find when there's so much crap out there!

The ASX newsletter is good, as is the CompareShares newsletter and the FatCat newsletter. Actually the CompareShares & FatCat editor writes for the ASX newsletter! All three are free with great articles - CompareShares & FatCat are run by a bunch of journos who used to run Fairfax and News Ltd publications like Share magazine & Personal Investor magazine. I've been reading CompareShares for more than a year now and I've got to say that it has made/saved me a small fortune along the way.

I reckon books are also a fantastic option, but there's no point signing up to paid newsletters when you can get better info for free!

I'm not sure what level you're at, but Share Investing for Dummies is a great book. Don't be fooled by the title and think that it's not thorough - it really does cover off everything you need to know to get on your way.

:) absolutely.

Things are going to get rough over the next couple of years, but if we do our research and learn as much as possible, then we'll be able to pounce like a couple of tigers!

Just make sure that you don't get caught up in other people's hype and work out why you're investing in something. There's lots of bad information out there...

I read these great articles about investing psychology:

Why investors shouldn’t trust their own judgement

Do you have a profitable personality?

Matt

Venting is good :) Vent away anytime.

Yeah, I think it is the same with most people. Looks like this is a common theme/problem for lots of us here. I just noticed that a few people are writing about spending problems and marketing:

Spoiltgirl does a budget today

Freeze your credit card?

Spoiltgirl seems to be nutting things out for herself via a blog - perhaps you could do the same??? I can see how it could be a good way of figuring out how to change your attitude toward finances.

Zed

Hello Skippi_oz

Thank you for your compliments I try to pass on what I have learned as best I know how.

When looking at the books I would probably read the "trading your way to financial freedom first

A good charting package is fcharts the basic is free and the professional is about 130.00 it is Australian written. I have used it for years. A source of reliable data is http://www.justdata.com.au/

I have been in the stock market on and off since my late 20s I first got in because it interested me and I was working with some novice technical traders at the time. In past years I have broken just over even. recently I applied the skills that mathew believes we don't have to developing and testing a trading system. After a lot of reading and practice in trading physocology I now follow the system to the letter and it is proving quite profitable, even in the current market.

I now feel, as do many other succesfull trader that it is the human phsyce that is the most important part of a good trader.

Some of my recent reading is Market Wizards and Trading your way to financial freedom.

There is money to be made in the business of share trading but the people who try and make squillions succumb to fear and greed then blame the market for their mistakes.

Unlike the beliefs of the comments below the skilled and knowledgeable do well in every generation and your interest shows a desire to learn and that is the first step.

I am in the market for one and only one reason to make money. I do not emotional abot whether I pick right or wrong. If I am on a loss I dump it early if I am on a winner I try to hang in as long as possible.

I have seen to many people lose heaps while trying to maintain their ego

Hope this helps and i am willing to assist you in your learning along the way.

BTW I am not a financial advisor

Yeah, the baby boomer generation is absolutely loaded. Don't fret though, it's through no skill or knowledge - they've just had a property and sharemarket boom for the last 15 years, which has left them asset rich and with superannuation chests overflowing.

Our time will come, it's just a matter of pouncing when it does! Right now property & shares look dodgy, but in a few years this will all change again (as it inevitably does) and that's when you have to be ready to jump on board. A rich friend once told me that the key to making money is to not get yourself in trouble along the way, and to pounce when the time was right.

Right now I'm just keeping out of trouble ;)

Great to here someone who is focused on achieving an end result.

With your attitude these times will pass and you will still be standing out proud

Hello Lisa

Are you still on track :-)

Remember once the goal is set it becomes a challenging journey.