How To Buy Shares On Asx
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ASX provides investors with access to unlisted managed funds, called mFund. These products are not traded on the exchange like shares or ETFs. Instead, when an investor wants to buy an mFund they place an order through their broker, which is sent to the fund manager via the ASX mFund Settlement Service.
Crowd-sourced funding (CSF) enables start-ups and small to medium-sized companies to raise public money to finance their business. This is also known as 'equity crowd funding' or 'crowd-sourced funding of shares'.
You may get shares, or the opportunity to buy shares, via an employee share scheme at your workplace. You could get a discount on the market price, and may not have to pay a brokerage fee. Check if there are restrictions on when you can buy, sell or access the shares.
When you invest in a managed fund, you buy fund 'units' and pool your money with other investors. A professional fund manager buys a range of shares and other assets on your behalf, diversifying and reducing risk.
You exchange the legal title of ownership when you sell shares. Settlement for the sale and transfer of ownership happens two business days after the trade (known as T+2). After settlement, the sale proceeds are transferred into your bank account.
If you hold shares indirectly through a managed fund, you can sell them by selling your units in the managed fund. Before you do this, check if there are any withdrawal costs. Keep a copy of the trade confirmation or receipt for tax purposes.
Sometimes a trading halt is placed on shares. For example, to allow the market to digest new information about a company. In this context, prices could fall and volatility may increase. You may not be able to sell your shares when you want, or at a price you like.
It is not illegal to make an unsolicited offer to buy your shares. It is against the law to mislead shareholders into making or accepting an offer. If you get an unexpected offer you believe is misleading, visit the ASIC website or call 1300 300 630 to report it.
People have been listing and buying shares in Australia since the 1850s, and eventually six independent exchanges were established in each capital city. In 1987, these six exchanges were incorporated under legislation in the Australian Parliament to create the Australian Stock Exchange.
You can invest directly in companies of your choice (via a broker or online platform). The decision to own individual shares will depend on your investment goals and your knowledge of the market. For instance, you may want to invest in specific sectors, or believe the returns from owning certain stocks will be more favourable than an ETF.
Current and expected company performance, and the likelihood of your investment growing in value, are key aspects to consider when deciding what shares to invest in. For instance, you might invest in an established company with a track record of consistent profit-making, or a startup with excellent potential to make profits in future. These choices often require research and an understanding of the broader market, which is why many people seek professional investment advice.
Most brokers would require the first trade to be at least $500 which would be referred to as the 'minimum marketable parcel of shares'. The size of increments or additional purchases thereafter would be at the individual broker's discretion.