Very sound advice indeed Connex!!.

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deckhand

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17/11/22

12:00

Post #: 64829582
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Originally posted by Connex: ↑

Spot on. Can I add more to this wonderful post to share my personal experiences with a hope to help anyone new to the Share market.
As I posted before, Regal's comment that majority of ASX retails are not savvy and have enough times to do their proper DD. Most have no clue with company what they invested, they just had little times between their very busy daily schedules. So, they just quickly listened/watch social media (twitter, reddit, etc) and also notes/report from brokers and fundies. They tried to grasp what current the hot in the market and they poured in their hard earned monies.

I knew this as I had many friends fallen into this category. I told them that BNPP, Coin etc were useless investment as they were hyped not had fundamentals value etc but they did not listen, and they got burned very hard. Same with companies, they said to me Lithium is very hot and so other renewal miners, so they listened again to all sort of rumors etc. They put monies in many unknown explorers and many in Africa that did not even know when the drills were done. They told me all about this and I was so sad because they got burned very hard again.

I was trying to share them good investment method to do proper DD, look at the fundamentals demand and supply, look at the company's asset and debt. Look at only producers or very near producer because of very high capital needed for miners. Look at the management, costs (location to port tc). I had done my DD in all companies I invested, and I shared my DD with them because I know many of them did not have times to do it. Luckily some listened and had changed their lives in their investment.

In short, please do your DD very proper and never ever listened and followed report from brokers/fundies because they are making monies from it. Ignore daily/weekly/monthly and invest long in years, knowing that your company will be successful in future. Never been greedy, i.e. only invest with monies that we are most comfortable. Never ever use Margin lending and STOP LOSS. This is the biggest mistake because the culprits know this and use to drive the price below to trigger loss. Be very patient.

Hope this helps and good luck. All my opinion only and not advice.
Cheers
Connex

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Very sound advice indeed Connex!!.

CXO Price at posting: $1.44 Sentiment: None Disclosure: Held
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Last 12.0¢		Change 0.005(4.35%)		Mkt cap ! $257.1M

Open	High	Low	Value	Volume
12.0¢	12.5¢	11.5¢	$1.522M	12.63M

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No.	Vol.	Price($)
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75	5968843	0.115
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Price($)	Vol.	No.
0.125	3446810	28
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0.135	4927324	47
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Very sound advice indeed Connex!!.

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Very sound advice indeed Connex!!.

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