Brokerage Help | Aussie Stock Forums

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@Jason Lermount let me be the first to say “welcome to the ASF community”. The Aussie Stock Forum has many quality posters & it won’t take you long to find your way around.

You need to be 18
CommSec & most brokers the minimum age that they will allow you to open an account to buy and hold shares is normally 18. However, your parents can open an account on your behalf and hold shares for you until you reach 18, when they can be easily transferred into your own name.

LIC’s
Investing funds in licenced investment companies (LIC’s) has the ability to give investors a greater sense of stability, security and peace of mind knowing funds are professionally managed, a vehicle that would get you started in the markets & they trade just like any other share. Argo (ASX: ARG) https://www.argoinvestments.com.au/ and Australian Foundation Investment Company (ASX: AFI) https://www.afi.com.au/ are two funds that have been constant dividend performers.

Set & Forget Investing
This investment strategy, investing for dividends, is a simple ‘set-and-forget’ style of investing, it’s easy and stress free, over time there is a double whammy, dividends and capital gains. The dividends can be reinvested through their dividend reinvestment plan (DRP) or you can have the dividends paid into your bank account for living expenses, it’s up to you to decide how the dividends are dispersed.

Investing can be scary
No investment strategy is safe, but this style of investing is on the safer side, on the lower scale of risk. LIC’s are safer than most other investment vehicles because they have pooled funds that are professionally managed and they aren’t affected by member withdrawals as they are ‘closed funds’.

Help is only one post away
The Aussie Stock Forum is chock full of members who are only willing to help if you have any questions.

I’ve got a great idea
In the meantime check out my educational thread. Education is the key when investing.

Read my ‘Dump it here’ thread
The ‘Dump it here’ thread starts here: https://www.aussiestockforums.com/posts/1005967/
Investing is what you have asked about but if you want to know what’s trading is all about it can be found here: https://www.aussiestockforums.com/posts/1040134/

Just for you – a free eBook (to get you started)
Trading Fundamentals – Skate’s Beginners Version eBook
https://www.aussiestockforums.com/posts/1014728/

Skate.

 

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