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:

1. Australian Securities Exchange (ASX) – the main securities exchange in Australia
2. Chi-X – an exchange that trades company shares already quoted on the ASX, but does not list or supervise the companies
3. National Stock Exchange of Australia (NSXA) – a securities exchange that lists about 70 small to medium sized companies
4. 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:

Important considerations ASX

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:

SuperRatings

Choosing a Superfund MoneySmart (ASIC)

Choosing Your Superfund ATO