Financial Advice

[JBmurc]

Do you own a house as well? If you have a remaining mortgage, it could be a good idea to pay that off and discharge the mortgage?

Yes debt free own home great target for any new investor ... in my case I did that via selling large new build home in higher-priced area and shifting the family to a quieter local with much cheaper property(which now has become much more expensive!!)

this allowed us to buy debt-free and free up some capital to trade with ... also if your planning on becoming a trader and taking on some leverage via bank loans to your share trading company then you can access Res rates using your own home equity .. and of course this interest will be a tax write-off

....also as you will see from my 10x resource stock picks I have a bias with PGMs ... this is because these metals have been sold-off heavily over the last few years yet demands will be outstripping supply esp in Platinum and think these very rare metals will head much higher in the years ahead

.I also think Uranium / Lithium have their case in a resource portfolio ..but haven't got one I think at present makes the lists as a better investment ... SBSW does have these minerals in the portfolio (go view my SBSW post in the overseas market thread)

worth a watch on PGMs

https://www.youtube.com/watch?v=47-_OnRmSwc&t=80s

[Bjauck]

Anyone have recommendations of advice services you use, to support your investing? Most here probably do it themselves and I have friends who are happy to hand over full control. Don’t really know anyone in the middle, who wants to keep in the game with advice (time poor, ie living life). Still young, 50!

I'm at the point where I have over 500K but less than a million, a bit of that in KiwiSaver but expecting further boosts into the future.

Chris Lee offers what looks like an interesting option.

Happy for DMs for recs.

My main KiwiSaver fund - Milford Active Growth - over the previous five years returned about 9%pa after tax (28%pir). That was slightly better than my own portfolio. The previous five year period my own portfolio did better. There is if course less work involved with the KiwiSaver fund.

So the non-KiwiSaver version of that could be worth considering if you are time poor.

[audiav]

My main KiwiSaver fund - Milford Active Growth - over the previous five years returned about 9%pa after tax (28%pir).

No mortgage, but don’t see benefit in rental.

That’s my main KS (has been good to me) and have now changed all future contributions to their Aggressive. Use Harbour for NZ/Aus and Global as well. And Kernel for index global. JBMurc caused me to reflect on backing myself. I do better than the fundies I use, I think mainly from reading and the lessons learnt from ST, like stoploss settings and walking away. I’m going to simplify my individual shares to better see the wood from the trees. Down to one global BRK which I buy like clockwork. Weirdly a share that doesn’t appear in any funds I have (or that I know of)

[audiav]

-KRM-ASX nickel, copper, PGE in the Nordic region 80% backed by large Cash balance great mgmt JV deal with BHP likely -$40k

This explorer interests me, thanks. PS I could never trade like you do. You are a machine!

[Wright]

Thanks JBmurc, just wondering how you identify those companies in the first place? Do you use some sort of software etc?

own all but THS-SBSW-PBR ..that are all on the BUY soon list ...just waiting on MAY to drop the major news we have been waiting on for years and then I'll shift some of those funds across to those three ...

I hold a few others but real spec shares I wouldn't recommend for BUY n HOLD longer term as much riskier low cash base explorers ..but could 10x bagger etc

[JBmurc]

This explorer interests me, thanks. PS I could never trade like you do. You are a machine!

"LOL I never went to UNI and have any qualifications .. certainly far FAR from the smartest sharetrader around..but I have come up with systems that seem to work

The simplest method I work with is the "EFFORT TRADER" in my core focus "RESOURCES"



It is all about consuming large quantities of information.. weekly week after week year after year decade after decade


I don't use stop-loss orders every morning bar SUN-MON I check 25x market instruments . ... gives me rough ideal how the day will flow... then on average I'll focus at least 2-3hrs in the weekday mornings on Marco market events/world events /commodities etc

Weather depended..Golf / GYM 2-4 mornings a week after this ...

A BIG weekday day

-Midday to 5-6pm ... Micro-focus on my portfolio 12-15x stocks

break dinner hang with kids

if I feel much more MICRO/MACRO INFO I want to take on work again from 9PM to midnight ...

Generally like to play COMP GOLF WED so much fewer hours maybe 3-4hrs

weekends maybe around 10hrs

but on average I reckon I spend between from 50hrs to 70hrs pw focusing on the resources stocks ///Macro etc

...Now much smarter people could prob take much less time but my brain needs time and repeat info to soak it in .. also some of my time is just like this post talking about the markets reading books etc

So you could say the harder I've worked the luckier I've got ..

[JBmurc]

More research I wouldn't rush into buying PRR... one for the watch list ...