This 12 part series is originally found within Get Started Investing Podcast, which helps beginner investors break down barriers. We cover all the basics you need to start your investing journey. If you like more of this content, listen to Get Started Investing in your preferred podcast app.
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We've taken the plunge and put money into the stock market through an index fund. Now it is time to take the next step and buy our first company. There are thousands of companies on offer just in Australia, with hundreds of thousands of companies available across the globe (latest estimates 630,000). With so much choice, no one can research every company.
So we introduce three simple ways to cut down that number of companies to a far more manageable list. This is the daunting part for a lot of people. Starting the research process on individual companies and trying to assess which will be good investments.
This episode should make a little easier but most importantly, should remind you that you don't need to get it right every time. No one has a 100% track record in investing. The good thing - to build long term wealth you don't even need to get 50% right. By selling companies you are losing money on, and letting your good picks grow and grow - you can still make money while being wrong half the time.
In this episode we start to unpack how. In this episode you will learn:
- The vast number of companies available for you to invest in
- Three ways you can narrow down your choices
- Look around and use your experiences
- Follow the leader
- Stock screeners
- Key things to keep in mind when buying individual companies
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Want more Equity Mates? Come to our website and explore! You’ll find information on our full network of shows, including our Equity Mates Investing Podcast, book recommendations, blogs, news, and more.
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In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today.
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Get Started Investing is a product of Equity Mates Media.
All information in this podcast is for education and entertainment purposes only. Equity Mates gives listeners access to information and educational content provided by a range of financial services professionals. It is not intended as a substitute for professional finance, legal or tax advice.
The hosts of Get Started Investing are not financial professionals and are not aware of your personal financial circumstances. Equity Mates Media does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given.
Before making any financial decisions you should read the Product Disclosure Statement and, if necessary, consult a licensed financial professional.
Do not take financial advice from a podcast.
For more information head to the disclaimer page on the Equity Mates website where you can find ASIC resources and find a registered financial professional near you.
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