I've been turning my mind to investing rather than spending/wasting money on things I don't need.
Is there an Ozbargain for shares? I mean a similar site with a robust community that talks about investing and potential 'bargains' on shares.
My plan is to use the 'hub-and-spoke' model i.e. majority in index funds with a couple single long-term holds.
No interest in crypto either—I'm sure there's some kind of future in it, but not for me at the moment.
Happy to discuss in these comments too!
Aussie equivalent would be asx_bets.
To the moooooooooooooon
Definitely where you'll find a good source of well-rounded, sound financial advice.
Whirlpool has a Finance forum, with specific threads that go a bit more granular
Hot Copper
Yeah, Reddit has a bunch of communities and subs dedicated to investing and shares, both the Aussie and US stock markets.
I've been lurking r/AusFinance but it seems to be a lot of property market whingeing.
r/FIAustralia is better but want to see discussion outside of index investing too.
If new to investing, I would suggest enrolling for the ASX Sharemarket Game. I think there is a new game starting in a couple of months.
You are provided with $50k. and can invest as you want. Daily tracking, graphs, etc., is all there, so you can play around with no financial risk and determine if share investing is for you or not.
The game play is for a few months.
ASX bets, but it's nowhere near the buying power/pump and dumpability of Wallstreet bets.
Hotcopper. Be prepared…
Wow—lots of discussion. Thanks will check it out.
I use hotcopper
Seekingalpha and stocktwits.
SeekingAlpha seems like what I'm after, thanks!
Beware of picking up cigarette butts.
Never heard this before—great analogy!
Don't listen to randoms on the internet for share advice. Most of the advice will be either bias or just plain awful. If you're looking at single long-term holds, stockdoctor is excellent and they have a 14 day free trial. So you can just pick the stocks that you want to buy before the free trial ends. www.stockdoctor.com.au/
Don't listen to the internet for advice, just pay for this obscure online service nobody has ever heard of.
It's run by Lincoln indicators. Their growth fund has averaged a return of about 17% and their income fund at around 8% for around the past 30 years. Just because you haven't heard of it doesn't mean it's not legit.
Don't listen to randoms …..
Are you a random or a non random, that is the real question…
Please a MSPaint of your non random certification.
Do they also pick the winning lotto numbers?
So… telling people to get their financial advice from a team of licenced financial advisors instead of randoms on the internet is bad advice now?
Try Elon's twitter
The DOGEfather himself
strawman.com provides community based recommendations on specific stocks that I'd highly recommend, generally small-mid cap. Obviously one is always entitled to their own opinion and the community does get it wrong, but it's great to get an idea about what stocks are out there.
Robust community, good knowledge?
Look no further: https://www.reddit.com/r/wallstreetbets/