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07/11/15

14:52

Post #: 16345796
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Originally posted by natandsal ↑

Dont think ive ever posted on the stt thread but it is one of my favorites to visit. It definitely contains the best posters on hc, thanks to everyone that contributes expecially freehold.

Stumble across hotcopper searching the net not long after i bought shares for the first time just after gfc. Had about $50k that i had made with my brother growing wheat on our neighbors place. Bought some cattle and had $20k left. Couldn't have got into the market at a better time. Doing the right thing i buy blue chips. Put about 5k each into stocks like wes, wor, rio, csr. Not to long and im up 5% then 10%, then 20%. I thought how easy is this but looking back now a drunk monkey with half a brain could have made money then.

My initial $20k is soon $30k (within 12-18 months) and i start getting greedy. Take out a margin loan and start googling stocks on the net and come across hotcopper.

Before you know it im addicted to looking on hotcopper for the next big thing and start taking risks on stocks i never knew anything about. Did very well for a while. With my margin loan had about 50k. Within 24 months it hit $150k. Use to follow a poster "oil gold gas" or something. Got me heavy into "aut" @ 65c (got bought out for $4.25?) "sea"@ 33c (got over $1). Also was on "mnm" went from like 5c to 25c in a week, "far" @ 13c had a takeover bid at 30c but rejected haha, "pen" when it went crazy. I can still remember looking at my comsec account and i was up over $10k on "mnm" in a single day. And guess what? I never once sold any shares after a big rise. Next thing you know profits soon turn into loses and im back to my $50k.

So i pretty much give up shares for a few years. Keep a few like wes, aut, sea, qbe. Too busy with work and a young family and barely look at them.

Then this year something changes my life forever. I still cry myself to sleep most nights. In may my wife gave birth via c-section to our 3rd child. Everything was normal in scans etc however our daughter was born with at the time suspected "trisomy 18". We end 4 hours away from home, away from our 2 other children in canberra with no family or friends. I sleep on a bench in wife's room (she was also a patient because of c-section). Long story short, after a day or 2 our daughter is confirmed with trisomy 18 and life expectancy isnt very long from days to maybe a few months. We stay in canberra for about 10 days before returning to our local hospital for 2 days then finally home with our daughter. She passed away in my arms at home after spending a week on the farm with her big brother and sister. While in canberra i made a promise to myself that i would try a bit harder and become financial for my family so we can do things that I could only ever dream of. So ive been back on hc in the last 6 months looking/reading/researching and to make dreams become reality.

Im a lot better prepared this time around as in the past i have bought stocks and lost a lot of money because of posts i have read on hc (im not blaming anyone but myself but people do get sucked in by some posts, until you learn the hard way) so now if i read something i like by a poster then i go and research it as much as i can and make an informed decision myself. Im still learning but am willing to this time round.

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Thankyou for sharing your story. Wish you and your family all...

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Thankyou for sharing your story. Wish you and your family all...

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Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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