Rio Tinto Shares - Page 3 - Perth-WRX.com

sky · #21 22-04-2008, 12:41 AM

Quote:

Originally Posted by dabomb789

To put it in layman terms, when the official news is out that BHP is taking over Rio, BHP's shares will drop and Rio's share will increase.

ditto! brings back memories of finance managerial

dabomb789 · #22 22-04-2008, 12:49 AM

haha kato...

finance managerial was ok , doing finance portfolio management now for my last sem in uni. Like what some have said, its betta to study historical information than stabbing in the dark. Well, how far back are u going to analyse past stocks? 6months? 1year? 5 years? Well, my educated guess is to study and analyse the business section of the newspaper and be aware of world events. certain events have correlation effects on stocks. For example, the us subprime housing market. Oh and january is the best time to sell stocks.

perthzed · #23 22-04-2008, 12:30 PM

Quote:

Originally Posted by Kato

This is not meant to be taken offensively, but...

If you are clever enough to earn an extra $20+k (you mention $10k here, $10k there and I would guess you would have more than 2 companies in your portfolio) which you are able to gamble away on the stock market, why are you asking for an opinion on Perth-WRX about whether you should keep or sell your Rio shares?

Surely you would be looking to see if the gain you have made is enough and be able to understand share trends, your short and long term goals etc?

I for one would be talking to more professional people than us keyboard warriors... I guess you can get some general ideas on here, but no one is going to give free stock broking advice...

Well I understand that this is a car forum and I'm not going to do something silly like buy shares because someone on a car forum recommended it. But you do find people in here that know what they are talking about. And I guess my query was relating more to the BHP buyout and me not quite undertstanding what that entailed for Rio shares. At the end of the day it's 10K I can afford to lose (but don't want to!) and was only invested to make a few quick $$. Most of my long term investing is in property.Also a couple of mates have lost a fair bit of $$ on the stock market following the advice of stock brokers. So I guess even with professional advice things can go tits up.

trainwrex · #24 22-04-2008, 12:37 PM

the market is very volatile which makes it super super hard to make any money atm...

even the experts are getting it majorly wrong look at the opes prime ordeal...

Welby · #25 22-04-2008, 04:54 PM

Quote:

If you end up a loss, then its tax deductible. In this case though, I believe potential up side is worth the risk.

Since when is taking a loss on personal shares tax deductible?

Welby

MY99 · #26 22-04-2008, 05:17 PM

^ Offsets capital gain