#FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It by Jane Gallina & Airplane Jane

Author:Jane Gallina & Airplane Jane [Gallina, Jane]
Language: eng
Format: azw3
Publisher: Tellwell Talent
Published: 2017-06-14T16:00:00+00:00

Justine Pollard

Australia

Twitter: @justinepollard

Website: smarttrading.com.au

YouTube: smarttradingjp

Book: Smart Trading Plans

I first found Justine by Googling female traders. I then explored her site and was intrigued with her success with trading and her trading systems. It amazes me that women around the world have found success in trading. It is not only a non-discriminatory career but one that can be done anywhere in the world. Justine’s experiences while trading through the fall of the World Trade Towers brings new light to proper exit strategies.

Jane: How did trading become your career?

Justine: I came to trading from my grandfather. My husband and I met in high school. We had both been working part-time. I’ve been working part-time since I was 11. I used to work at the local news agency, or do babysitting jobs. In Australia, you can’t get your real part-time job until you’re 14 years and nine months. At 14 years and nine months, I got my job at Donut Dan making donuts. I was always right into earning money. My parents didn’t have a lot of money. If I wanted something, I had to save up for it.

I had to save up for my car. I had to basically get everything for myself. I’m glad that I had to do those things. It made me a better money manager. I saved up a good bank account when I left high school and I wasn’t quite ready to buy a car yet, either. My grandfather said, “You should put some money into shares.” And I said, “Well, what would you suggest?” He named four blue chip shares that he owned in his portfolio that were high dividend yield shares. My husband (who was my boyfriend at that time) did the same after talking to his grandfather and he agreed on the same shares. Both of our grandfathers owned shares and used fundamental analysis to build up a portfolio of high yield dividend shares. They lived off the dividends they received. You could buy anything in the 1990s and you would make money. It was a phenomenal bull market until about ‘97. We entered the market at the beginning of ‘92. We had finished high school in ‘91. We got the share trading account set up during the holidays after school finished, and then we bought into those shares in the New Year. It was a process back then to open a share account, not like these days where you can open an account on the same day.

We bought into these four shares. We held them until 1996, and that’s when we sold them to buy our first investment property. We had that great experience because those shares all went up and we doubled our money on a few of them. We were still working, so we still had cash, and in selling those shares we had a nice deposit for our first place. We bought our first place, which we rented out. We had no money after that. We couldn’t leverage off anything yet until we had equity growth in our property and had paid some of the mortgage down.

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