Invest $1000 in the share market
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Date Posted:
August-3-2010 15:09
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As the events of the last few years have sunk in, the share-brokering caper has become a Byzantine bundle of reward and risk, often populated by bespoke-suited bandits trying to rob you blind. Even when they are honest, managed funds are not the safest or most lucrative options they could be.
Wealth Within’s Dale Gillham firmly believes you should ignore these fee-gouging middlemen and get into the share market. How? With education, grasshopper. Gillham has published How To Beat The Managed Funds By 20% and offers ASIC-accredited courses. So, does he think you should invest a paltry grand in the markets? Damn right he does.
1. Quality not quantity
“This is an important thing to remember when investing money into the share market,” says Gillham. “It doesn’t matter whether it’s one share or a thousand shares, there is no relevance in regards to how much money you are going to make. Quality shares are better managed and they have more certainty.” So, buy the best shares you could possibly get: even if you have one share and it goes up 10 per cent, you’re still making 10 per cent profit.
2. Measuring the market
Investing money in the share market is all about good timing, requiring skill and a sound understanding of money management. “Once your money is in the market, the market is in control,” explains Gillham. “You have to wait until it does something and then you can make a decision.”
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