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On Sharemarkets

I met up yesterday with a few friends who have also gotten into the sharemarket recently. We shared our resources such as books, podcasts, movies on what we have been using to learn more about the stock market and what we have heard in our ‘research’. We discussed what we should buy, what we have bought, and what we are thinking of selling.

Who would have thought I would have been interested in the stock market 2 years ago? It always seemed ‘too complicated’ for me and seemed like an ‘adult and foreign’, risky and troublesome area to get into. I stuck with safe things like Bank Long-term deposits, saving accounts, and just worked and tried to save as much as I could.

Low risk = Low returns. That’s the way life is, if you don’t take a risk then you are less likely to gain more. Yes, the stock market can be quite volatile… the cost of something can swing depending on what time of the day it is…and it can seem like you are losing Or gaining a lot of money in a short period of time. But the truth is, you aren’t gaining or losing unless you sell the stock. You can keep holding onto a stock in the hopes that it will rise up once again. ..or alternatively you can choose to sell it and lose less than you woudl have if the company takes a downturn and becomes worth next to nothing.

I guess there is always going to be a risk in every you do. I have heard it being said a few times, “It is not about the timing of the market, but the time in the market”. 

You can only start earning when you start investing and building, growing and diversifying. But I think at the same time, you should always have an emergency fund of money to access in case something like a loss of income should occur,

3 comments

    1. Hahaha i am still an amateur.. i started safe with some ANZ.. then yoloed with some CSL .. and most recently some BHP shares. !! Have been keeping an eye on some of the super market shares tho.. xD .. how about yourself?

      Like

      1. Nice one 👍
        My overall strategy is to stick with low cost, diversified ETFs across sectors and countries. With a few individual companies on the side that I like the look of. My goal is long term wealth creation and therefore choosing funds that have potential to grow and match the market without me needing to put too much work in. I’d highly recommend Tony Robbins’ book Unshakeable. Great intro read into why investing is important, and ways to keep it safe and highly guaranteed for the future.
        Good luck 🙂

        Liked by 1 person

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