$5000 aus to invest

anthony750 said: "hey guys, im new to the site and havnt yet invested any money in stocks, i recently started reading 'rich dad poor dad' and found it very interesting and exciting that you can make so much money investing, now im reading his 'guide to investing' book. even though i am learning alot from the book i want other opinions and was wondering what kind of investments i can make with 5k, do i need a broker?"

Heather said: "You don't neccessarily need a broker, but you'll need a brokerage account of some kind. IE: Scottrade, Ameritrade, Sharebuilder etc. What type of investing were thinking about doing?"

anthony750 said: "at the moment im with national aus bank on an i saver account which gives me 5.9% interest, i was thinking of buying shares with a company that is growing rapidly so that i can sell the shares for 2,3 or 4 times that amount i bought them for. i guess i just have to find out which are the right companys"

crankitdb711 said: "Welcome. There are a few other threads scattered around in the various forums here that may answer many of your same questions. Many new investors have found themselves in the same situation, so much information has been shared that can be easily found. Good luck!"

mediacurse said: "I have one thing to say - I have read rich dad and poor dad as well, as well as many other books. Please don't think that after reading the rich dad poor dad you know anything about investing - this can be a fatal mistake. And earning 200-400% from your investement....if it was as simple as that, we would all be doing it. 50% *might* be gained from gambling industry. As due to the new law the gambling stocks really fell a lot. And I personally believe that these can now only go higher. And while right now US people are not allowed to play online anymore....I seriously doubt this will stay that way. But it definitely would be interesting to know...what will a broker tell you if you asked about a possible 400% increase in your stocks value :P"

thezster said: "[QUOTE=mediacurse] But it definitely would be interesting to know...what will a broker tell you if you asked about a possible 400% increase in your stocks value :P[/QUOTE] He wouldn't answer you - It's impossible to talk when your laughing your ass off! :p"

duck_oil said: "400%? I want in. :D"

Rickster said: "There is nothing crazy about looking for stocks that will double or quadruple. I'll go one further. You should wait until you have good reason (not a hunch or a tip) to think that you have found just that. Getting ahead in the stock market is all about getting the risk reward ratio in your favor. Buying a stock hoping for 25% gain is risking a dollar to get a quarter. Buying stocks that can multiply is risking a dollar to get five. And they dont have to be small companies either. Here are some I am currently holding. Stock Paid Last Price ABB 5.76 15.01 AMR 8.94 27.92 CAL 10.23 36.31 Lcc 11.29 49.36 OBTW: I also have loosers in my portfolio. But one multiple makes up for a lot of loosers."