Moneygirl

Get Smart With Money

Tools

Nuts and Bolts

Decided to invest in shares? Read on…

Open book1) Educate yourself

2) Put together a plan

3) Find a broker

4) Which companies do you want to invest in?

5) Buy your shares and track them

Moneygirl recommends
Websites

Bull and bearASX – Education

Go to the First-time investor section of the Australian Securities Exchange website. Also download the Getting started in shares booklet.

MoneySmart – Investing in shares

Explore this section of the Australian Securities and Investment consumer website MoneySmart – it’s a great way to learn more.

Books

Shopping for Shares by Tracey Edwards (2006, Wrightbooks)
A good, basic book about shares. It’s easy to read and written by an Australian woman who has successfully invested herself.

Top Stocks by Martin Roth (published annually, Wrightbooks)
An excellent book if you’ve decided investing in shares is for you. Summarises the most important criteria for his top 100 Australian listed companies.

The New Buffetology by Mary Buffett and David Clark (2002, Scribner)
If you’re going to follow anyone why not let it be the man widely considered the greatest investor of our time – Warren Buffett. His company Berkshire Hathaway has returned more than 360,000% for shareholders over the past 40 years.

Motivated Money by Peter Thornhill
A book about shares written by an Australian financial expert who has strong opinions about shares vs property. Not in bookstores – order online here.

The Intelligent Investor by Benjamin Graham (1973 Harper Collins – note: revised editions available)
An oldie, but still considered a classic and a ‘stock market bible.’ Fairly hard going – not for the faint-hearted.

Find a financial adviser

Check out the Australian Securities and Investments Commission’s website MoneySmart – it has loads of great information about obtaining personal financial advice and finding a qualified financial adviser. Experts often suggest you find an adviser who charges by the hour instead of receiving a commission.

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<< Previously in Shares – How to Invest Directly in Shares

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