BiG Tips: BiG’s Wealth and Shares rated Guru lists, and some Analyst and Commentators show you many of the ‘experts’ who give advice in the areas of data analysis, shares (brokers), managed funds, superannuation and more. Here are some more ideas and tips on how to sort out the good, the bad and the ugly – some comparison sites and guidelines:
How do you even start analysing money, finance and other data?
Here’s a start. The Financial Standard They say: “is focused on providing trade news, investment analysis and education for superannuation trustees, financial advisers, researchers, consultants, investment managers, and professional investors.
In an evolving and complex marketplace, Financial Standard is a uniquely open forum for the delivery and exchange of information and ideas.
Financial Standard’s investment analysis is its key point of differentiation from any other publication available on the market today, generated internally by our intelligence unit and through liaison with leading investment practitioners.”
Morningstar They say: “is Australia’s leading source of news, research, and video content on investing, as well as intuitive, easy-to-use screening and portfolio management tools. Investor membership provides access to all of Morningstar’s research on Australian stocks, managed funds, superannuation funds, credit securities, exchange-traded funds, and listed investment companies. Morningstar.com.au is also the home of Your Money Weekly, Australia’s leading independent investment newsletter…Morningstar.com.au is published by Morningstar Australasia Pty Ltd, a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research in North America, Europe, Australasia, and Asia.
Morningstar offers an extensive line of products and services for individual investors, financial advisers, asset managers, and retirement plan providers and sponsors. The company provides data on approximately 473,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 12 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment adviser subsidiaries. The company has operations in 27 countries.”
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),RASK, YouTube
Check if the broker uses dark pools or internalisation to execute trades, as this may impact on the price you pay for shares.
Choosing a managed fund MoneySmart (ASIC)
Picking a Funds Manager clearday
Choosing a Superfund, MoneySmart (ASIC)