Most people I know who are not familiar with the share market looks at it as "gambling" or conjures image of people losing their life savings. Whilst, some luck may be involved in buying and selling of shares, it is anything but.
Owning shares makes you a partial owner of a company. So when they complain about how banks are greedy money suckers, I tell them if you buy their share you will get some of the profits.
It’s simple. Say you were to buy National Australia Bank (NAB) shares; you are literally partial owner of the company. Many people don't seem to understand that when I tell them, it’s as they cannot believe this is true.
To buy shares you need a broker! This can be a person or it could be an online broker. There are advantages and disadvantages to both.
Electronic transaction is now very common in Australia, online brokers such as Comsec or etrade provides an efficient and fast method for buying and selling shares. Unlike traditional brokers (a person you speak to) however; most online brokers do not provide support in the picking of shares.
Our Free online tool will allow you to;