kimtrades

[kimtrades]

Update! Today I have bought my first ETF. I went nice and safe and purchased 25 units of VAS At $85.2. I'm so proud of myself for making the leap. I know that ETFs are quite diversified so risk is greatly reduced but I'm still so nervous about the potential of losing a lot of money.

What's next? I have VDHG on order. I've set a limit to $56.6.

I've been doing more reading on individual stocks. I really believe in CSL and feel super keen to put in 5k but I'll see how I go managing my savings.

I want to invest in banks but I also feel hesitant to because although the Big 4 are blue chip stocks. I've read that banks may not do so well in the future. I'm honestly not too sure if anything would change anytime soon. If anything, I think I'd put money into Commonwealth. Mainly because I use Commonwealth and love their apps... all my friends and family are with the same bank.

Im also thinking about putting money into Xero. It's probably one of the bigger guys out there in tech. I keep seeing them around. I definitely need to do more reading though.

[kimtrades]

“ ][Hello 2021! My new years resolution is to start trading. Now that I’m working a full time job, it feels like something that I can finally commit to. I’ve signed up for CommSec and I’m really digging all the data they have on it.

Stock that I’m considering and their current price vs range over the last 52 weeks

Industrials

- BXB $10.60; $8.97-13.42

Consumer Discretionary

- Kogan.com $19.630; $3.40-25.57

Consumer Staples

- CCL $12.94; $7.77-13.18

- WOW $39.90; $32.12-43.96

- COL $18.41; $14.01-19.26

Healthcare

- FPH $29.74; $20.45-34.92

- COH $180.380; $154.60-254.400

Financials

- CBA $83.88; $53.44-91.05

- WBC $20.49; $13.47-25.96

Information Technology

-WTC $27.84; $9.97-33.70

-CPU $14.10; $8.27-18.39

ETF

- VDHG $57.34; $42.50-60.97

[kimtrades]

So a few years later... It’s 2020, the corona virus pandemic seems to be settling down in Australia and I confess... I never started putting my money to work in the market. I played around with paper trades and boy, it did not work out well and was actually quite stressful. 

I still do believe in the benefits of investing money in shares and I know.. I know... now would probably be the best time to do it but I don’t think the market will recover as quickly as we all wish it would. I think it’ll take some time and this time is the time I need to make a living and have enough cash on the side to throw it into shares and not touch it for the next 10 years. 

Just as an update, I’m now a registered physiotherapist, I have a job interview coming up this Thursday. They tell me they’ll be paying $32/hour for the first 6 months and then $34/hour after that with annual reviews of my salary but to be honest, I don’t know how long I will be sticking to working for the company and I don’t know how long I’ll be working as a physiotherapist. For all I know, I might get over it really quickly and go for a career change. The future is as unpredictable as it will ever be. 

My financial goals for the next year are to save $15 000 and have a little extra as emergency money without having to live pay check to pay check. Then in 2021, I will put money into Australian shares and continue saving and looking into other things to buy. My dream is to flip a rugged old house and sell it for profit. I would love to be able to do this within the next 5 years.

I guess the big question is why? Why am I so hungry? Earning enough money to live should be enough so why want more? I guess it’s because I believe that money brings opportunity and that I need money to be able to do things. If you want to go somewhere to do something fun, you need to be able to afford tickets to board a plane and fly to your desired destination. I guess it’s also because I have a strong feeling I won’t be living in the one place for very long. I have strong family values and I want to be able to afford to see my parents and brother, no matter where I am in the world. I want to be able to treat my parents to holidays around the world and be able to meet them there to spend quality time with them and see them in awe of their surroundings. I honestly don’t really care for nice things. I could probably live wearing the same clothes for the next 10 years. I also want to be comfortable enough to, in future, support my kids and their dreams without feeling as though I’m ripping a whole in my pocket. I want them to feel comfortable and guilt-free going to music lessons and sports training. 

If my family were able to come to Australia and build a life for themselves out of nothing but a dream, then someone like me, who has had limitless opportunities, can build something bigger.

[kimtrades]

Current resources:

http://www.marketwatch.com

http://www.tradingview.com

http://www.investopedia.com

http://www.asx.com.au/education/shares-course.htm

[kimtrades]

It’s September 24, 2017 and I’m sick of earning money based off the number of hours I have worked. I want to earn money through applying skill and knowledge. I’ve always been curious about the market and trading but I’ve never stepped foot into the game knowing that there are heaps of risks associated and there’s a real chance I could lose a good chunk of money. My logic right now is... I’m young, I’m 21 and I’m living with my parents. I have no real financial responsibilities so if I do lose 5k then I have only lost a chance to go on a nice holiday or a chance to buy that car that is a little newer. 

I’m going to start off with 5k. I dont know if I want to put 5k into one share and leave it for a few months or if I want to split it and start slow and play around with day trading. I’ll be done writing my thesis by the end of October and after that, I have all the time in the world to be watching charts so I can make quick trades if I choose to.

I’m going to start off with paper trading and I’m currently trying to do heaps of reading. I’m watching videos and listening to podcasts. It’s a steep learning curve, especially since I come from a Science background. I have no experience in business, besides me running a very lowkey private tutoring thing but other than that, I’ve never really learnt any business theory. I could write a baby balance sheet and I understand the concept or assets, liabilities, profits, losses from basic high school business classes.... I know a little bit about taxation law just based off a weeks worth of reading.... but other than that, I don’t know much.

I’m starting this blog just as a way to track what I’m doing and write about what I’m learning. It’ll just be an online space for me to keep notes all in the one place. I’ll write about my successes and my failures. I know that emotions can get in the way of trading so maybe I’ll write a bit about that too. This is going to be exciting and whether or not I follow through or not will just depend on my level of motivation.