Details

Getting Started in Shares For Dummies


Getting Started in Shares For Dummies


4th Australian Edition

von: James Dunn

13,99 €

Verlag: Wiley
Format: PDF
Veröffentl.: 20.10.2020
ISBN/EAN: 9780730385400
Sprache: englisch
Anzahl Seiten: 352

DRM-geschütztes eBook, Sie benötigen z.B. Adobe Digital Editions und eine Adobe ID zum Lesen.

Beschreibungen

<p><b>Learn to invest in some of the most powerful financial instruments available today - written specifically for Australian investors! <br /></b></p> <p><i>Getting Started in Shares For Dummies, 4th Australian Edition</i> is an essential resource for anyone who’s ever wondered whether they were missing out by not investing in shares. Written by celebrated Australian personal finance author and consultant James Dunn, this book takes a no-nonsense approach to share investment. It shows readers what to do, how to do it, and what to never, ever do.  </p> <p>Free of confusing jargon and industry buzzwords, <i>Getting Started in Shares For Dummies</i> offers essential and straightforward guidance on: </p> <ul> <li>How the market works </li> <li>How a stock exchange like the Australian Securities Exchange (ASX) operates </li> <li>How to assess potential share investments </li> <li>What brokers really do </li> <li>How to minimize risk and maximize upside potential </li> <li>The tax implications of share investing </li> </ul> <p>The author provides practical advice and concrete strategies designed to help readers get started investing in shares. He also includes lessons gleaned from ten legendary investors and how they apply to everyday people. </p> <p><i>Getting Started in Shares For Dummies</i> is perfect for anyone who doesn’t want to miss yet another opportunity to invest in shares and for more seasoned investors who want to brush up on the basics before engaging a new broker.  </p>
<p><b>Introduction 1</b></p> <p>About This Book 2</p> <p>Foolish Assumptions 4</p> <p>Icons Used in This Book 4</p> <p>Where to Go from Here 5</p> <p><b>Part 1: Putting The Share In Sharemarket 7</b></p> <p><b>Chapter 1: So, You Want to Invest in Shares</b><b> 9</b></p> <p>Investing Is All about Timing 9</p> <p>Finding Out What a Share Is 14</p> <p>Sharing the profit, not the loss 15</p> <p>Understanding the market in sharemarket 16</p> <p>Buying Shares to Get a Return 17</p> <p>Earning a profit 17</p> <p>Investing carefully to avoid a loss 18</p> <p>Making the Most of Share Investing 18</p> <p>Capital growth 19</p> <p>Dividend income 19</p> <p>Shareholder discounts 19</p> <p>Liquidity 20</p> <p>Divisibility 20</p> <p>Guarding Against Risk 20</p> <p><b>Chapter 2: Watching the market operate</b><b> 29</b></p> <p>Floating: The Primary Market 29</p> <p>Understanding why companies float 30</p> <p>Raising money 33</p> <p>Planning the Prospectus 34</p> <p>Trading: The Secondary Market 35</p> <p>Finding the market action at ASX Trade 35</p> <p>Buying and selling for everyone 37</p> <p>Working with a go-between 38</p> <p>Using the Index 38</p> <p>The All Ordinaries index 40</p> <p>The S&P/ASX 200 index 40</p> <p>The Dow Jones 40</p> <p>The Nasdaq 41</p> <p>The S&P 42</p> <p>The Footsie and the rest 42</p> <p>The mighty MSCI 42</p> <p>Stepping into the Futures Market 43</p> <p><b>Part 2: Investing Strategies For Success 45</b></p> <p><b>Chapter 3: Developing an Investment Strategy</b><b> 47</b></p> <p>Getting Rich Slowly 48</p> <p>Giving yourself time in the market 48</p> <p>Compounding magic 50</p> <p>Starting with Strategy 51</p> <p>Spreading the risk 51</p> <p>Setting your goals 53</p> <p>Setting your time frame 53</p> <p>Setting your risk tolerance 53</p> <p>Setting your financial needs 54</p> <p>Buying and Holding 54</p> <p>Timing your strategies 57</p> <p>Trading on your portfolio 57</p> <p>Timing for the long run 58</p> <p>Working Out Why Share Prices Change 65</p> <p>Influences on the price of a share 66</p> <p>Pricing and liquidity 67</p> <p>Earnings, earnings, earnings 68</p> <p>The pull of the P/E 70</p> <p>The tyranny of expectations 71</p> <p>Watch out for announcements 72</p> <p>Profits, expectations and ‘confession season’ 73</p> <p>Boosting power of takeover bids 76</p> <p><b>Chapter 4: Assessing Your Risk </b><b>81</b></p> <p>Gambling or Investing? 82</p> <p>The bad news: Risk is inescapable 85</p> <p>The good news: Risk is manageable 85</p> <p>Spreading the news: Risk increases your return 87</p> <p>Assessing Your Risk 87</p> <p>Market risk 88</p> <p>Financial risk 89</p> <p>Commodity risk 93</p> <p>Liquidity risk 94</p> <p>Business risk 94</p> <p>Product risk 96</p> <p>Legislative risk 98</p> <p>Technical risk 100</p> <p>Engineering risk 101</p> <p>Project risk 101</p> <p>Valuation risk 103</p> <p>Political risk 104</p> <p>Expansion risk 106</p> <p>Currency risk 108</p> <p>Specific risk 109</p> <p>Sector risk 110</p> <p>Fraud risk 111</p> <p>Agency risk 112</p> <p>Non-financial risk 113</p> <p>Information risk 118</p> <p>Avoiding the Turkeys 118</p> <p>Using technical analysis 118</p> <p>Watching cash flow119</p> <p>Charting dividend changes 119</p> <p>Gauging who’s selling — or buying 119</p> <p><b>Chapter 5: Eggs and Baskets</b><b> 123</b></p> <p>Spreading the Risk 124</p> <p>Building a Portfolio 130</p> <p>Buying growth stocks 130</p> <p>Finding value stocks 135</p> <p>Knowing How Many Stocks to Buy 138</p> <p>Picking your sectors 138</p> <p>Choosing core stocks 140</p> <p>Evaluating second-liners 144</p> <p>Gambling on specs 146</p> <p>Diversifying through Managed Funds 146</p> <p>Investing outside Australia 152</p> <p>Considering Alternative Investments 158</p> <p><b>Part 3: Buying, Buying, Sold 161</b></p> <p><b>Chapter 6: Buying and Selling Shares </b><b>163</b></p> <p>Finding the Market164</p> <p>Setting the pace — how the ASX trades 165</p> <p>Getting order depth 167</p> <p>Getting trade history 167</p> <p>Paying your way 168</p> <p>Making a Trade 168</p> <p>Placing an order 169</p> <p>Utilising market depth information 171</p> <p>Finetuning your order 172</p> <p>Closing an order 174</p> <p>Working the Trading Day 175</p> <p>Estimating the costs for trading 178</p> <p>Making the final settlement 180</p> <p>Transferring off-market 180</p> <p>Buying into floats 180</p> <p>The undemocratic world of allocations 184</p> <p>Getting the timing right 187</p> <p>Playing CHESS Isn’t a Game 187</p> <p><b>Chapter 7: Knowing When to Buy and Sell Shares </b><b>191</b></p> <p>Getting Ready for the Action 191</p> <p>Loving your shares 192</p> <p>Buying smart193</p> <p>Selling smart 194</p> <p>Going into Analysis 198</p> <p>Using fundamental analysis 198</p> <p>Working with technical analysis 203</p> <p>Investing or Trading 205</p> <p>Buying as an investor 205</p> <p>Selling as an investor 206</p> <p>Buying as a trader 209</p> <p>Selling as a trader 209</p> <p>Relying on Your Broker 210</p> <p>Looking and Listening 213</p> <p>Analysing takeovers 213</p> <p>Taking note of profit warnings 214</p> <p>Watching index changes 214</p> <p>Capitalising on turnaround situations 215</p> <p>Being a contrarian investor 215</p> <p>Watching for insider activity 215</p> <p>Taxing Considerations 216</p> <p>Minimising capital gains tax 216</p> <p>Selling to take a tax loss 216</p> <p><b>Chapter 8: Buying What You Know</b><b> 217</b></p> <p>Acquiring Ordinary Shares 217</p> <p>Buying blue chips 218</p> <p>Looking at Industrial and Resources companies 220</p> <p>Finding Specialised Stocks 244</p> <p>Looking at listed investment companies (LICs) 245</p> <p>Engaging with exchange-traded funds (ETFs) 249</p> <p>Visiting the Hybrid Part of the ASX Zoo 258</p> <p>Considering exchange-traded bonds 260</p> <p>Moving with the mFunds market 261</p> <p>Deciding What to Buy 262</p> <p>Buying what you know 262</p> <p>Retreating behind defensive stocks 266</p> <p>Cycling your way to recovery 267</p> <p>Scooping the small-caps 268</p> <p>Punting on speculative stocks 268</p> <p><b>Chapter 9: Working with Brokers</b><b> 271</b></p> <p>What a Broker Does 272</p> <p>Stockbroking for Everyone 273</p> <p>Buying full-service 273</p> <p>Going online – or on the phone 274</p> <p>Choosing the Best Broker for You 277</p> <p>Fighting for full-service 278</p> <p>Doing the research 278</p> <p>Paying for service 279</p> <p>Interviewing for a Broker 280</p> <p>Making the most of full-service 283</p> <p>Forging a new relationship 283</p> <p>Using broker sponsorship 284</p> <p>Locating the ideal broker 284</p> <p><b>Chapter 10: Taxing Matters </b><b>285</b></p> <p>Benefiting from Dividend Imputation 285</p> <p>Franking credits made easy 286</p> <p>Franking credit refund 289</p> <p>Obeying the 45-day rule 291</p> <p>Watching Your Capital Gains 291</p> <p>Calculating your liability 291</p> <p>Reducing the tax office’s take 292</p> <p>Taxing Tactics 293</p> <p>Tax-loss selling 293</p> <p>Using a delisted dog 295</p> <p>Biting on a buyback 296</p> <p>Borrowing a tax deduction 297</p> <p>Keeping tax breaks in perspective 297</p> <p>Trading as a business 298</p> <p>Keeping a record 301</p> <p><b>Part 4: The Part of Tens 303</b></p> <p><b>Chapter 11: Ten Great Investors and Their Strategies</b><b> 305</b></p> <p>Warren Buffett and Charles Munger 305</p> <p>John Neff 309</p> <p>Benjamin Graham 310</p> <p>Philip Fisher 312</p> <p>Jim Slater 313</p> <p>Charles Viertel 315</p> <p>Peter Lynch 316</p> <p>John Bogle 317</p> <p>John Templeton 317</p> <p><b>Chapter 12: Ten Things Not To Do, Ever</b><b> 319</b></p> <p>Don’t Think You Can Get Rich Quick 319</p> <p>Don’t Underestimate Volatility 320</p> <p>Don’t Be Panicked Out of Your Shares 321</p> <p>Don’t Ignore Dividends (Especially Franked Ones) 322</p> <p>Don’t Buy a Share You Know Nothing About 323</p> <p>Don’t Expect Things to Stay the Same 323</p> <p>Don’t Delay a Sale to Save Capital Gains Tax 324</p> <p>Don’t Let Tax Drive Your Investment Decisions 325</p> <p>Don’t Fret Over Lost Profit 325</p> <p>Don’t Let Yourself Be Churned 326</p> <p>Index 327</p>
<p><b>James Dunn</b> is a freelance finance journalist and commentator. The founding editor of <i>Shares</i> magazine, he writes for many other finance and investment magazines, newspapers and websites, and frequently appears on Australian radio and TV. He is also the author of <i>Share Investing For Dummies,</i> Third Australian Edition.
<ul> <li>Understand the Australian sharemarket</li> <li>Minimise your risk and maximise your returns</li> <li>Reduce your capital gains tax bill</li> </ul> <p><b>Your up-to-the-minute guide to share investing!</b> <p>If you've ever wondered whether you're missing out by not investing in shares, here's your chance to find out, and do it with confidence. Experienced financial journalist and commentator James Dunn shows you exactly what to do, how to do it, and what you should never, ever do. Understand how the stock market operates and benefit from the advice of some legendary investors. You'll learn to analyse the share market, track trends, develop an investment strategy, assess your risk, choose a broker, understand tax implications, and so much more. <p><b>Inside...</b> <ul> <li>How the Australian Securities Exchange work</li> <li>What a broker does</li> <li>Tips for assessing potential share investments</li> <li>When to buy and sell</li> <li>Managing tax matters</li> <li>Strategies for success</li> </ul>

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