Before you start looking for a broker or financial adviser it is important to know how much money you would like to invest in the market and whether or not you will need help to decide where to invest.
While you can place a trade for as little as $500, it is important to consider your investment goals before you begin trading. Here are some questions to ask yourself before you begin your search for an adviser:
What do you want to achieve from your investments?
Do you want a return in the form of income or capital growth?
- Are you prepared to risk some of your investment capital for the opportunity to make higher returns?
- What is your investment time horizon?
A full service broker or financial adviser can help assess your current financial situation and set your financial goals.
If you are interested in low-cost trading and confident in your sharemarket knowledge you may prefer an online stockbroker.
For more information, please refer to our start investing section on the website.
You can use the ASX Find an Adviser website to help you with your search for an adviser.