so you want to make a million dollars?

We bought some AXT shares AT .002 (1/5 OF A CENT) LAST SEPTEMBER 09, AND THEY ARE NOW .065C (6 AND A HALF CENTS). UP 209%.. but OF COURSE WE DIDN'T INVEST ENOUGH MONEY TO MAKE A MILLION. (we didn't want to take such a risk) AND WE DON'T KNOW IF THIS COMPANY IS LIKELY TO CONTINUE RISING. That's the risk.
Share trading is full of risk. So why not put your money into one of the top 100 companies? becasue you're not likely to get such a rise in your investment. you might get a 10% increase in a solid company.. maybe 20%.. but even that won't make a million.
I agree with Marcus (see below) you need to start a business, learn about tax and accounting, invest your spare cash and TRY to gradually build a million.
you can join other traders in forums like http://crazyjimsmith.blogspot.com
and get good advice.It's worth the investment.

here's an article on the subject by Marcus Padley.ref marcus padley 23.03.2010
someone wrote
"I have $10,000 and want to turn it into a million dollars. How do I do it?" Marcus Padley (respected share trader) demonstrates how you can achieve this goal by taking advantage of the stockmarket.
I got an email this week. I ask for Stupid Questions in my newsletter and I get them. "I have $10,000 and want to turn it into a million dollars. How do I do it?"
You're thinking "How Stupid" but it's actually a really good question. So let's try and answer it.
First thing to do is to accept that you will not achieve this goal without being prepared to lose all your money. You will not achieve it in the bank, in cash, in property or in managed funds. There is no "average" return in any asset class that will suit you. You need to win Tatts Lotto or place and win some long odds bet at the bookies.
Outside that you have two options. Build a business, the most sensible option and the real answer to the question, or the stockmarket. The stockmarket appears to be less effort so let's look at that.
If you try to achieve this goal in the stockmarket you will not do it through diversification. A "portfolio" is not for you. You will only achieve it through two techniques. The first is to find one stock, one fantastic "Rocket under a Rock" and ride it to a million. Or two, get a lot of stocks right consistently over a long period of time, in other words you need to develop a trading system and build the capital by consistently successful trading over a long long period of time.
If you are going to build a trading system you have a lot of work to do. You'll have to get your head in the trading game. That means getting an education in how to trade and buying the software to do it.
If you are going to do it in one stock then here are a few numbers. To turn $10,000 into $1,000,000 you need a stock that goes up 100 fold. That's a 10,000% return. In the All Ords at this very moment (about 500 stocks) there are exactly 60 stocks that have in their trading histories, if you timed it perfectly from all time low to all time high, returned more than 10,000 percent. That's a lot better odds than you might imagine. That's 12% of stocks. Here are some of the highlights:
Biggest and fastest rises in history:

Fortescue Metals. Turned $10,000 into $73,166,166 between September 1990 and June 2008. 17.8 years. This is the biggest single return of any stock over any period in the All Ords.
UXC Limited. The fastest of all. Turned $10,000 into $6,000,000 between June 1998 and March 2000 in the Tech boom (it was called Davnet at the time). 1.8 years.
Paladin. Turned $10,000 into $13,500,000 between April 2003 and April 2007. 4.0 years. Third biggest return and the third fastest.

Other stocks have done remarkable things with $10,000 include News Corp. which turned it into $26,692,393 in 25.4 years. BHP into $2,543,468 in 42.2 years. QBE $12,165,775 in 32.7 years. Others that have achieved it include ANZ, RIO, Woodside, Origin, Santos, Leighton Holdings. Coca-Cola Amatil, Lend Lease. The list goes on.
Bottom line, it is possible. But it will not be easy and it could take 42 years. And I ask, how on earth are you going to stop yourself selling when you have doubled your money to $20,000. And what are you going to do when it falls on day one. And the big one....which stock do I start with?
I have written before about how pitiful the real average return from the stockmarket actually is post tax, inflation, transaction costs, management costs and the index fudge and because of that the stockmarket is not about averages and diversification, it is about timing and buying stocks that go up.
The pursuit of $1,000,000 with $10,000, as unrealistic as it is, is the essence of what this game and the advice game is all about. It's not about pretending to be fund manager, hiding in the average and relying on the long term. There are no free lunches. It's about finding stocks that go up and avoiding stocks that go down. It's about thinking it's possible and applying yourself to the task. Even if you come up 9900% short, you've still doubled your money. "

REMEMBER: This is not financial advice. YOU TRADE AT YOUR OWN RISK. you are responsible for your own decisions. I/We could be wrong.. no one can see into the future.. not even you..

Rich kids feel poor

I thought with the last year (2008) sharemarket crash, that the grandkids would be sworn off their shares.. I mentioned casually, "well, I would've given you all more shares for your birthday or Christmas, but I guessed that you wouldnt be interested."

Three teenagers put up their hands. "Yes please we're interested".
Lloyd asked.. "but weren't they all worthless?"
His mother interjected, "yes, they fell but we havent sold and now they are rising.. the sharemarket is in recovery."

So capitalism is still alive and well, and hope still sparkes!

That's good, because it means they realise that you have to continue to look to the future, and what happened yesterday, does not always predict what might happen tomorrow.

Good news, bad news, good news.

Hi kids,

Well the bad news first.
GDA Gondwanna had a consolidation a few months ago - where they reduced everyones' shares by 1:10. That means the 1000 I gave you is now only 100. But in theory they should have been now 30 cents each instead of 3 cents. (ie price when it happened.)
But they fell instead, and even now are not worth 10 times what I paid, (which was 5cents ea. = $50.00)
so WHY do they do a consolidation? probably they think they will look better if their shares are "worth" more than 3 cents. Maybe it reduces the shares issued and they can issue more later. I'm not sure. You investigate and tell me. But I prefer to have 35,000 instead of the now 3500, because I can sell some (if they double by 100% to 6 cents and still keep some.) The chances of a doubling from 30 cents to 60 cents in one go is lower.

Good news 1. This week, GDA sent notice of giving some free shares and some options. 1:8 shares plus 3 options for every 5 shares held. so you do your maths. how many of these free ones will be yours? based on your now share portfolio number of 100.

Good news 2. I feel bad, so I am giving you all another 900 shares in any of the companies below. HAW, AOS, EGO, EXM, GPN, LKO, MBP, MHL, MPJ, NWT, QUR, SML, RBY.
I hope and expect you will investigate them on the www.asx.com.au website.
LOOK AND SEE WHAT THEY DO, and decide which one you think has the best prospects for the shares TO RISE AND MAKE A PROFIT.

I want you to realise that while you can read, you can learn, and earn.

Then you must email me and say what company and its code, you want. I'll be interested to see what companies you think are the best ones in this group of 13. I am hoping you will be able to answer a few questions, based on the Learners and P platers pages linked below, because this is how you learn. You could even just Google them (by their full names) or go to Yahoo.com.au and checkout their codes in finance and investing.

You must reply to receive.
Hurry, don't miss out.
bye for now,
Nanny (your Granny)

What would be a good investment?

I wrote a tip for NWT and why on my http://megamoneybox.blogspot.com/ and thought I would explain it in plain English for you. I'll also add how to and where to go.

One way to FIND a potential share to invest in, is to do this.

Go to Yahoo actives (volume leaders) first and then go to asx volume leaders.
http://au.finance.yahoo.com/actives?e=ax
http://www.asx.com.au/research/market_info/shares_by_volume.shtm
and compare the results. They are a little different.
Then go to the Yahoo gainers.
http://au.finance.yahoo.com/gainers?e=AX
In the volumes you will see the top 20 traded by the millions on that day. Which ones went up and which ones went down and by the %. You want to see the volumes because that tells you where the herd has been grazing. The "Herd", move about by rumour and announcement and tips. So go to your company's announcements to see what they are telling the market.(the herd)

When you see the shares you might be able to buy, in your price range.. example 1 cent to 10 cents. write down their codes. -create a word doc, copy and put them in and save. Add the links for later. You will notice the yahoo codes have added .AX on the end.

You need to add .AX on yahoo so they will look for Australian stock market codes. Naturally you are going to choose the ones which are rising.

Then go to asx.com.au and type in the company code in the company research page. . example NWT, GDA, GNL, FDL etc.
When you are on the asx homepage you will see a graph of the Australian share market, and the top 50 BIG companies listed with ^ in red or green. Your company won't be in the list because the top 50 includes only big companies which cost a lot of money for each share. Like the banks, BHP, Rio tinto etc. Look at them anyway, so you can see how much a company can trade each share for. Rio Tinto was over 100.00 each.

Then create a watchlist on asx.com.au or on Yahoo (its free). put in your codes and the current price with an amount for each. Say 1,000 shares. The watchlist adjusts automatically each day and tells you how much you would have made or lost on the day and how much money you would have accumulated.

Remember, when you sell, you get your investment back and PLUS your profit or if you sell at a loss the loss comes off your invesment.

Go to Http.megamoneybox.blogspot.com to read the tip which is selling at only .006 - less than 1 cent each.

Remember we (Sampson Management Services) are not financial advisors, we are Asset management Consultants who advise and teach on minimising risks according to the international standard ISO 4360. We teach about Quality ISo 9000 standard and also integrated systems for business management and improvement. These include Quality, Environmental, OHS and Risk management standards.