What would Yas Forums do with $15,000 AUD?

the goddamn internet that you're on right now

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its amazing how cracking 10k in savings evolves you from chimp to human

she does look kinda squishy

ha this, is investopedia a worthwhile learning tool?

You said it lad. Options are the way to go.
you'd better not be completely retarded

put most of it in some etfs & lics with dividend reinvesting and YOLO some on crypto
if you're feeling extra degenerate learn about options and gamble away

that's a man

do not trade anything but cash shares unless you have this qualification:

kaplanprofessional.edu.au/courses/asx/accredited-derivatives-adviser-level-2-ada2/

If you can't do this exam without studying - ask yourself: Why teh FUCK am I trading highly volatile derivatives when I can't even complete the basic exam mandated by the Australian government to be allowed to talk about these derivatives with clients, that is routinely completed by dickhead financial advisers every day?

LIC's and ETFs are NOT index funds. ETFs are often highly leveraged or complicated trading instruments

you really need to get lucky on some lower cap shitcoins to build from the 10-15k mark, I personally think RLC and GAS are good bets for a 1k bag each, but its just a crapshoot at the end of the day

$15,000 AUD is 750 hours of labour on minimum wage in Australia

Consider that you must have spent at least 6 months, possibly a year saving this money.

Now consider that you could turn 6-12 months of your hard work and time into $0.00 simply by being a degenerate piece of shit gambler "yolo'ing" on wall street bets and options

Really cool and trendy until 5 years later when you've lived a cycle of degenerate gambling on leveraged derivatives and penny stocks while salving away at a minimum wage job, gaining no useful skills or assets

Let me tell you a story...

buy the imminent dip on a few mint/NM 93-99 magic the gathering cards and hold them until they explode in a few decades
the 90's is already 20 years ago
you are rarted

yo faggot, put a few k into this one. thank me later.

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glad I checked back on this thead, onya guys. So far my take away has been, have a crack at the derivatives adviser accreditation and expand my knowledge on ETFs?

What's that smell like?

Rotten fish and human shit.

significantly increase your knowledge on ETFs

A lot of people think "hmm buy the oil etf" = buying long exposure to oil (i.e. USO etf in the US, and OOO etf in the ASX)

Fact is, that is NOT how these work, and these assets hold a mixed basket of assets such as currency hedges, US oil derivatives

Do you know what the 1m, 2m, 3m, 4m, 5m, and 6m oil futures are?

Do you know what puts and calls are and how they work being written over those futures?

Do you know what the oil futures curve is?

Do you know what it means to roll a future? Do you know what the expression "Front month" means?

Do you know what an ETF mandate is?

Do you know what a spread is, how spread works, how ETFs charge spread on ETF units, how liquidity works on ETFs?

Did you know that the CME banned the USO ETF from buying more than 15,000 oil contracts per month? (15,000,000 barrles)?

Do you know what "taking delivery" is?

Do you know the difference between USOIL and BRENT/WTI oil?

Do you know common problems and behaviours of institutional credit markets?

Do you know what the bond market is, how to calculate the value of bonds, where bonds are traded, and who uses bonds?

If you don't know the answers to all these questions you should seriously reconsider YEEting YOUR hard earned money onto shit you don't understand.

stockhead.com.au/the-secret-broker/the-secret-broker-the-sweet-the-sour-and-the-bland-aspects-of-trading-in-black-gold-futures/

check your knowledge too. Because even ASX orientated online news sources like the motley fool and stockhead are totally wrong

>One WTI is worth (in cash) the equivalent of 1,000 barrels of oil, which by my calculation is about 3,700 litres and to give you a feel for size, one of those fuel delivery trucks you see around town can hold 40,000 litres — or about 10 WTI contracts — when fully loaded.

WRONG. One WTI is the equivalent of 1,000 barrels of oil, which is about 16,000 LITRES not 3700. Those trucks hold 35,000 litres. 10 WTI would be 45.50 trucks

How can you trust a person this fucking retarded to write about the oil market let alone anything else? Obviously "35 years in the oil market" is complete and utter bullshit

how the fuck do these people even have jobs? who reads this shit before its published? They mixed up the US imperial gallon (3.7 litres) with the US Oil Barrel (159.995 litres)

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al dente

Thankyou! quality post user! I'm certainly not yeeting into anything. I've only just started looking into finances in general. In total I have about 20,000 so I figure, halve that into 2x 10,000, put one into a term deposit of some sort, then half of 10 into a few medium risk mid-long term and the other 5k I might try doing some day trading? does that sound reasonable?

I'm not giving you financial advice in any capacity. I have worked in the derivatives industry a while though

Here are a few key things to think about though:

1. If someone is willing to sell you something in a market (shares, futures, houses, tinned fish) it means one key thing:

That you the buyer think the future value of this item is more than it is today, and that they the seller think the future value of this item is worth less than it is today, or is less than something better. It is a matter of opportunity cost for both parties.

So if someone is saying "brooo buy EOS" as above - consider this - who the fuck is selling it to you right now? Not him maybe, but whoever is dumping these shares think that EOS is fucked. And you're buying into that? Why? Consider the perspective of your counterparties.

2. If you lose 10%, make 10%, lose 10%, make 10%, repeat - you will actually lose money. If you lose 25% of your capital, you will need a 33% profit to get it back

$10,000 - 25% = $7500.
7500 * 133% = 10,000

You see?

So if you take $20k and turn it into $15,000 with bad investments, you're going to need to get a 33% return to get that 25% of losses back.

Conversely, if you make a 33% gain and turn $10,000 into $13,300, you only need a 25% loss to get back to zero

3. nobody here is necessarily a genius or "Smart". They just have a lot more specialist and niche knowledge. Anyone can learn this after a long period of time - but nobody will. because they're not there on the spot

Really appreciate the insight, I think thats why I'm posting here because I value the insight of people here because as you say, its very niche and I'll get differing opinions. I've noticed alot of the material online is either biased or I might not be getting the whole story, just the parts that have worked for the person writing or explaining in a video. I'm just trying to cover all basis.

I think for the moment, I'll put it away in something short term and guaranteed, perhaps keep playing on this simulator I'm using and keep asking questions in /SMG/

Any suggestions on some short term courses? just need something I can start and stop as work demands.

cont: would keeping maybe 15 hundred and getting to know robin hood be sensible? I've heard alot about it but not sure if I'd just loose money? am I able to just buy some safe stuff like google, apple, amazon etc and then buy more once I'm comfortable with my research and risk methods?

Any reason why?

>girl

If you want to trade robinhood or some bullshit, try $500 maximum and yeet it. See how your stomach feels like you just drank battery acid when you lose $100.00 of real money , and pay attention to how you can lose $100 in literally 23 seconds.

Now imagine if that was your entire $20k and you just lost $4000

Google, Apple, Amazon, Faecbook, and Netflix currently make up a ridiculously high amoutn of the sp500 index. They are not safe investments at all

Again, none of this is financial advice