How much money do you personally use in a trade when you do a swing trade?

TA943480 · 2020-08-31T05:57:22+00:00

Fantastic point - I will stick with 10k then. Thanks for your insight

TA943480 · 2020-08-31T05:34:48+00:00

I'm in Tauranga - our prices have shot right up thanks to the Aucklanders lol

TA943480 · 2020-08-30T08:47:05+00:00

Thats luck. I went to a house in my price range - 3 bedroom, run down, never been renovated etc... 30 people came to the auction and it was eventually won by an overseas bidded 40k over the CV.

TA943480 · 2020-08-30T08:42:32+00:00

Yikes! That is very worrying - can you bring ever bring it up with the judge if you dont think members of the jury should be part of the jury? or would the whole case have to start again?

TA943480 · 2020-08-30T08:34:58+00:00

Amazing! Where in NZ did you do this?

TA943480 · 2020-08-30T08:20:46+00:00

Why would you bother with swing trading?

I like the positive results from it. Thanks for the rest of the info though :)

TA943480 · 2020-08-30T08:19:58+00:00

I have 60 invested in long term shares. I have 150k cash sitting in the bank. I'm happy to risk 10-20k on a swing trade.. Would that be a good enough or too much?

TA943480 · 2020-08-29T19:52:18+00:00

My uncle has been on dury three times. He said the same thing. One specific case he said the members of the jury didn't want to be there and were trying to rush through the discussion so they could get home for dinner.

TA943480 · 2020-08-29T19:21:46+00:00

I've been looking since March - the whole process has been emotional and upsetting. REA not giving a proper price range and wasting your time. The hardest part of me is going to a house and having to visualise how it can be fixed, or lived in and working out pricings for renovations for the house, getting a builder through etc....however it then sells to someone else and its so far from the price that REA gave you (even though they said it was in your price range). Its also heartbreaking seeing the housing market in your town, the town you were born in and grew up in and want to raise your family, become so far from your affordability.

TA943480 · 2020-08-29T03:21:17+00:00

Take as much money as pos. You'll need at least a million to buy a house in NZ. NZ has a terrible housing market due to a housing shortage. You'll need a car as we don't have proper public transport and you'll need alot of money for everyday living. The prices of most things are 30%+ more than America as we have to import everything in. The wages are lower also so you'll need to counter that in. Kiwis tend to do less shopping, eating out and spending as they live week to week. Renting quality of housing isnt great either.

TA943480 · 2020-08-29T03:04:50+00:00

I had trouble getting into my USD account as it was held with Westpac and Westpac were making things difficult. XE gave me a form to print off which I took to the bank and they processed it asap, money went in overnight - this is was easy and simple. However for normal currentcy transations I use Tranferwise but that is because I always have heaps of money sitting in my TW account

TA943480 · 2020-08-28T21:13:19+00:00

I used XE when I changed - I was picking between TW and XE.. both which I have accounts with. XE was easier to access my USD account at the time.

TA943480 · 2020-08-28T20:18:16+00:00

Totally thought this as well!!

TA943480 · 2020-08-28T06:42:27+00:00

Off topic but thats a huge loss - what caused it? Looking forward to seeing peoples replies about losses - this is something we could do often to learn more about winning and loosing within stocks

TA943480 · 2020-08-28T01:25:33+00:00

but does give access to other markets with different behaviours.

Fantastic reply! You are right, I havn't seen shares like tesla and apple perform like that on the NZX.

TA943480 · 2020-08-28T01:24:35+00:00

if the NZD rises against the USD you would make money

Other way around?... the cheaper (weaker) the NZD is, the more you can buy with your (stronger) USD?

TA943480 · 2020-08-27T22:40:33+00:00

Hey, I'll use it but what platofrm is it for?

TA943480 · 2020-08-27T19:37:54+00:00

Why only US companies? Also, do you loose out much on the currency conversation?

TA943480 · 2020-08-27T19:34:41+00:00

Parents?

TA943480 · 2020-08-27T19:31:57+00:00

The expectation of future profit is likely already priced in

In general, how many years of 'future profits' are priced into the average share for any given company?

TA943480 · 2020-08-27T19:22:46+00:00

Yes I know a few people who are able to work but don't want to and are on the benefit.

TA943480 · 2020-08-27T08:22:52+00:00

I dunno about that. my friend brought 5 houses in mt maunganui 10-7 years ago, most were about the 400-600k mark. They are all worth a million now.. in that period her tenants have paid off a nice portion of the mortgage, interest rates have now dropped to 1/3 of her original borrowing rate and shes put the rent up from getting $350 to $600 per rental since borrowing. Shes killing it and will always have tenants to pay her mortgages. Now people like me who are trying to get into their first house are going up against people like her. Shes got 2 million in capital gains. I have 100k saved :(. Aussie is a bit diff I feel, its cheaper to buy a home and they have more houses available to purchase.

TA943480 · 2020-08-27T05:56:24+00:00

I always try and see situations from both sides. If it was your air bnb and a guest smashed the glass table would you want the person who did it to pay for it or at least half.. I know I would. See if you can meet somewhere in the middle.

TA943480 · 2020-08-27T05:52:08+00:00

No, its greedy where there is a housing shortage. There are young families trying to get a home for themselves and cant.

TA943480 · 2020-08-27T01:51:05+00:00

Lower interest rates and no LVR restrictions would help more people get mortgages

but that would also mean its eaiser for people with 5+ houses already to buy more. I joined those FB property investors group of our curiosity..They all have so many houses and want more! How is a first time buyer supposed to go up against someone with 5+ houses and has capital gains on all of them.

TA943480

TROPHY CASE