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I'm forced explain, but I shouldn't be.:( I have cashed out of the ASX. I have no Australian miner in my portfolio and, as I'm not about to buy back into that sector here in Oz I am not up to date, so please don't PM me for tips. I've had a few winners of the type I describe in the past but...

I'm not the expert you guys are looking for. Sorry. For the record: There are no gurus on the stock market. You only find them where no licensing is required such as property and fortune telling, and where you can't check the quality of the advice every morning.

Too much word play in this thread. See ya! (as TC would say)

I'm a tradesman, not an English professor. Carry on your esoteric discussions without me, if you don't mind.

It's not random. Does that mean it's systematic?

Or a random house? You don't buy random houses? Why do you believe I would buy random stocks? But I may be tempted to buy a few different companies knowing that they weren't all going to succeed but a trend/cycle I see will help their sector. ATM there is no doubt in my mind gold has not...

I would think that $5-10k in EACH would be self-defeating. You are thinking like a property investor so I can't help you. I said it wasn't easy. That implies time and study to pick winners, not a broad brush approach. But if I were to dump on property using some national averages you would...

You are welcome to stay where you are, just as long as I don't have to move. Sorry. I've had a bad day. It was the post after yours which riled me. I just don't understand how penny punts entered a discussion on generating wealth.

Jeez JC. The heading is about achieving wealth through shares. With a grand capital how can I achieve wealth through property?

How much does your knitting club put on each speccie share? (no smilie)

IV and others who have been here a while know this story already so I apologise for telling it again, but it does fit the thread. I bought $13k of a stock in '04. At it's peak (pre GFC) it was worth nearly $300k. At it's trough it was back to $200k but is rising again. How smug would I have...

I thought we were talking investment, not the ladies' knitting circle share club.

The only REAL money to be made (ie turning a small fortune into a large one which is what the OP asked, as I remember) will be in junior miners. If and when you jag one (yes it ain't guaranteed) you ride it, not trade it. Nothing quite as satisfying as a 1,000% gain. :D I should add that...

Ten years ago was '01. (OK! '02 had just begun.) In Feb '02 AMP opened @ $14.26

You're right, I must have been looking at the wrong chart. :o

Last post you said "ten years" now you are cherry-picking start/finish points: From '03 to sell BEFORE the GFC. That isn't anything like apples with apples. And how did you know to sell in '07? AMP was $14 ten yrs ago.

I just checked the prices of the banks, BHP & RIO, TLS, WOW and AMP over 10 years. BHP was the standout (Haven't I been saying) more than tripling. RIO doubled Of the banks CBA went from 33 to 50, WBC and ANZ had modest gains and NAB lost 30%. WOW was steady. TLS lost nearly 40%...

Are you sure? None have gone broke and they have paid dividends consistently but would you have become wealthy? Not with the banks, Telstra and AMP you wouldn't. You can no more become wealthy with safe, unleveraged shares than you can with unmortgaged property. Introduce margin and you are...

You seem to have all the answers. Why did you ask us and not just go with Warren? You are aware though that he would never, ever invest in funds. Berkshire Hathaway Inc. is so diversified it really is a fund so of course he would like you to invest in "funds". But I'll stick to my original...

Please give John Maynard Keynes credit where due. :) In answer to the OP: This may be a good time to be reading, learning, observing and being patient. I am not convinced a sensible, diversified portfolio will outperform an outrageously lop-sided one in the next few years. As Redwing seems to...