Stuck in ‘analysis paralysis’? Here’s how to actually buy shares

So, you’ve grasped the basics of sharemarket investing, researched your desired portfolio and considered your individual goals, now: how do you do it? How do you actually buy shares?

Like, which buttons do you press? What is a “limit order” versus a “market order”? And what’s a “buy-sell spread”?

Money editor Dominic Powell and senior economics writer Jessica Irvine are hosting the new podcast It All Adds Up.Credit:Dominic Lorrimer

Don’t worry. We’re Jess and Dom, and we’re here to help.

It’s not uncommon for newbie investors to fall prey to “analysis paralysis”, as you mull over the dizzying array of options on offer, including which broker to use and what you’re actually going to buy.

To help you overcome this, we thought it might be helpful to actually hear us both going through the process of buying shares live (sort of) on this week’s episode of The Age and The Sydney Morning Herald’s money podcast, It All Adds Up.

This is the grand finale of our special three-part series on sharemarket investing for beginners. We hope you enjoyed it as much as we did! If you haven’t already, you can catch our first episode here on the basics of share investing and our second episode on all the things you should consider before investing here.

In this latest episode, we also answer another listener question and Jess spills the beans on how to get cheap haircuts with her budget tip of the week. Have a listen on all major podcast players, including Apple Podcasts and Spotify, and don’t forget to send in questions of your own to [email protected]

It All Adds Up is sponsored by Trilogy Funds.

  • Information given in this podcast is general in nature and is not intended to influence listeners’ decisions about investing or financial products. They should always seek their own professional advice that takes into account their own personal circumstances before making any financial decisions.

The Morning Edition newsletter is our guide to the day’s most important and interesting stories, analysis and insights. Sign up here.

Most Viewed in Money

Source: Read Full Article