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Is the NZ market a good place to try and make money quickly?

Thursday 24th January 2002

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Q: Is the NZ market a good place to try and make money quickly? How do I learn more about trading and stock picking?

A: The sharemarket can be a great short-term way to make money. Many of the stocks in the NZ market can move more than 5-10% in one day - it is being able to pick which ones will move that is hard.

You are already on the right track when it comes to learning about investing. ShareChat is a great source of information and opinion. Reading other investors' views and ideas is a great way to form you own ideas about what you think is a good investment. Newspapers, company annual reports or brokers' research can also give you idea's about what shares to buy.

I have never read any books on stock picking and I am not a great believer in charting. However that it not to say that it might not suit you. A number of books have been recommended on the ShareChat Forum - Search the site or scroll through the Forum Archives for further information.

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