Analysis and Data: The Financial Standard and Morningstar
Shares:
Guidelines from ASIC MoneySmart
How to Buy and Sell Shares
On a share exchange
There are five public share exchanges in Australia. Four of them directly supervise the companies that issue the shares that trade on their markets. The fifth exchange, Chi-X, currently only provides the infrastructure for trading shares already quoted on the ASX.
The four exchanges:
- Australian Securities Exchange (ASX) – the main securities exchange in Australia
- Chi-X – an exchange that trades company shares already quoted on the ASX, but does not list or supervise the companies
- National Stock Exchange of Australia (NSXA) – a securities exchange that lists about 70 small to medium sized companies
- SIM Venture Securities Exchange (SIM VSE) – an exchange for innovative companies involved in the clean technology, renewable energy and bio science field
Using a broker:
2 types of brokers:
- online or phone broking service or ‘discount’ or ‘execution only’ broker – make your own investment decisions, or
- full service broker – they provide advice and recommendations
Find a broker:
The Australian Securities Exchange (ASX) find a broker tool
Aussie Investing 101 (Find a Broker) YouTube RASK
Check if the broker uses dark pools or internalisation to execute trades, as this may impact on the price you pay for shares.
Managed Funds:
Choosing a managed fund MoneySmart (ASIC)
Picking a Funds Manager clearday
Superannuation:
Choosing a Superfund MoneySmart (ASIC)
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