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I'm 19 and i live in australia, can i get some advice about how to start playing with shares? |
I'm still in uni, i have casual work and a fair bit of money i can use for investment. I would like to start buying shares but i dont know where to begin. I looked on the internet for advice but its confusing. Advice or suggestions welcome. Hi, investment advisors (FUZZY B!) are out to make money off of you. Edward Jones is an investment firm in the US, and my cousin said they routinely charge him $500 to make a trade! He has since switched to a company that charges $7 to make a trade. They don't give advise, but they are 99% cheaper. Report It http://bestcashrewards.com/affiliates/t.... Don't "play" and don't listen to anyone on here about your money. My advice to you is not to play with shares but invest in them. I believe you will be better off taking a longer term view. You had sacrificed your time for the money you earned. So, why "play" away your money when most, if not all, people lose when they "play" in a casino? Go with blue chips and review them quarterly. Most importantly, do your own homework as professionals could get it wrong too! Good luck! I'm in the USA, but what I do is use Yahoo finance. Look at today's markets then click on actives. This will tell you what's moving in the market. Start looking at these stocks, read about them and why they went up (or down). Or click on mutual funds, then click on top performers. There are some pretty impressive funds out there! Patience, time and research will help you understand where to put your cash-a-roni. Good luck! you can start by setting up a comsec share trading account which is free and through the commonwealth bank, this lets you by and sell shares on line and the brokerage fees are about a third of what you'd normally pay,after that you can either get advice from a financial adviser/ share broker (which you will pay for)or research yourself |
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