share trading

[D3x!]

Hey all,

So i am looking at ways of investing savings better and have thought about taking a small chunk and investing in shares for a higher return.

How would you suggest getting into it, i.e by opening up my own share account with my bank and buying shares and following them or by getting in touch with a broker?

the reason i am a bit hesitant to do the first is I dont really have the time at the moment to go around scouting for good shares and then watching them daily.

and if I go with a broker any advice on choosing a good one or recommendations in the jhb/east rand area?

thanks

 

[The_Ogre]

Its more fun if you do it yourself, but it does take a lot of time then.

I don't know about other banks, but Std Bank makes it a little easier. You set up "triggers" to sell if the shareprice goes beyond a certain set value. You can also let the system buy for you if the value reaches a predetermined value..

Its still your responsibility to watch your shares though

 

[D3x!]

Its more fun if you do it yourself, but it does take a lot of time then.

I don't know about other banks, but Std Bank makes it a little easier. You set up "triggers" to sell if the shareprice goes beyond a certain set value. You can also let the system buy for you if the value reaches a predetermined value..

Its still your responsibility to watch your shares though

that definately makes it easier but with little experience I wouldnt know when to get into a share, i obviously understand buy low and sell high but how do I know when a share is low, or whether it being lower that it has been will climb again etc

 

[lestoran]

Learning to trade profitably on a consistent basis takes a long time (2-3 years seem to be the norm). After a year of part time study I'm finally getting to the point that I make more than I lose. My focus is currency but the rules of technical analysis are generally universal.

Its definitely worth it though. Instead of paying a professional a cut of your hard earned money to make a measly 2% above the JSE, you can do 50-100% a year. I am lucky to have access to a local currency trader who makes 150% return on investment year after year.

 

[akescpt]

time investment is huge at the beginning. made some stupid buys initially but learnt alot. haven't been so heavily involved lately. sitting on the cash. as long as i cover that ever rising monthly fee at std im content for now. been thinking of a managed fund lately, satrix in particular.