The Australian market is rising and it seems that the recovery is on its way, however the American unemployment figures (or Australias) may not be as good as they seem. Therefore the result may not be as rosy as suggested.They may be counting part timers and casuals as "real jobs".
There may be more pain to come. BUT if you buy wisely now, you should make money in the longer term.
I bought ABY for 12 cents in April and now they are about 79 cents. Their price 12 months ago was 2.30.
I also purchased MCW for 17 cents and they are now around 56 cents. NWT is rising and at 7 cents should give a profit in the next 12 months. There are heaps of others. it's just a matter of being able to buy and hold, without using a margin loan. But it might be a rough and scary ride, so don't invest all your eggs in one basket and only buy minimal amounts.
and don't forget..I could be wrong. so do your own homework. make your own decisions. as the great guru,WarrenBuffet says, "eat your own cooking"
Mega
Remember we are not financial advisors..
Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach.
Ref standards:
AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.
Megamoneybox address is http://Megamoneybox.blogspot.com.au We try to help you earn money on the internet.We give free share trading tips. We aim to educate and enthuse. We are in Australia in the land of the Sun. We are asset management and risk consultants, are not financial advisors. You Trade at your own risk. We could be wrong. So do your homework. Go to our other blogs to de stress. We are not big risk takers. We asses, investigate, analyse and then decide.
