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Help! I'm new and I want to get started and buy some shares

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andy90

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30 May 2013
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Hi all

I'm new to all this and very interested about it all.

What are some of the best shares to buy?

How do you know if its worth it to buy them and predict if it will profit?

How do I set an account up to do this?

How much money should you invest when buying shares? (I want to start of with 2k max. investing)

Thanks,

Andy
 
Re: HELP I'M NEW & I WANT TO GET STARTED AND BUY SOME SHARES

andy90 said:
... I'm new to all this and very interested about it all. ...
Click to expand...

Firstly, take the CAPS LOCK off when you start a new thread!
It is deemed as shouting ... and we are not deaf!

Secondly, we cannot give financial advice.
 
andy90 said:
What are some of the best shares to buy?
Click to expand...

Nobody here can tell you what shares to buy or offer you any other kind of financial advice. Only licensed financial advisers can legally advise you in these matters.

Find out more here: https://www.moneysmart.gov.au/investing/financial-advice

And yes, as burglar suggested, please take off the caps lock key when starting a new thread or posting, as all caps is deemed to be shouting.
 

Curious about something lets say for example I was a financial adviser and I proved it. Would I be able to start a thread saying I would answer everyone's questions regarding what stocks are good and what are not so good?

I am no financial adviser, just curious =)
 

As long as it abided by the site rules and T&C's, and you disclosed everything legally, and it was cleared by Joe (site owner) then it would probably be ok. The compliance side of giving legal advice of the Internet for a licensed advisor would be tricky imo
 

I respectfully suggest you keep your money in your pocket and wait until the current correction has run its course.
 
Fangblade1 said:
Curious about something lets say for example I was a financial adviser and I proved it. Would I be able to start a thread saying I would answer everyone's questions regarding what stocks are good and what are not so good?
Click to expand...

No, you would not be able to do this.

RG 162, ASIC's Regulatory Guideline concerning internet discussion sites makes it very clear that licensed financial advisers are not permitted to post as a licensed investment adviser. Nor is anyone permitted to post as the representative of a licensed adviser.

They can participate, but not as licensed financial advisers. i.e. They cannot provide advice on forums such as ASF.

You can find the relevant part of RG 162 in section D, specifically RG 162.41, which states:

no-one is permitted to make postings as a licensed investment adviser, or as a representative of a licensed adviser;
Click to expand...

In fact, we are required to disclose this fact to ASF members, and you will see a notice, consisting of four points, below the text box every time you post.
 
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