Money magazine Comments - Ask Paul: Should I buy property in a regional area?

Comment by Marthese Xuereb Baiada ()

Marthese Xuereb Baiada () — Wed, 20 Jul 2022 18:26:22 +1000

Hi Paul, you say buying shares is easy but I have no clue where to buy them. If it's through a share broker how do I find a one I can trust?

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Comment by Kate S ()

Kate S () — Thu, 21 Jul 2022 12:16:26 +1000

Hi Marthese,

Have a look at what your bank offers, my bank has a portal I can use to purchase shares and see all my finances in one place, I believe that most banks offer a similar type of thing.

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Comment by Liam Flynn ()

Liam Flynn () — Thu, 21 Jul 2022 12:55:20 +1000

Hi Marthese,

I'm not a financial advisor. But. You could have a look at Stockspot. It's a Robo Advisor, run by real people. Basically you answer a simple questionaire for risk/ time assessment and they do the rest. The fees are low and the idea is to set it and forget it. But you need to look at at least a 7 year time frame. If you want to know more, give them a call. That's where I have parked some money for the next 8 to 10 years.

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Comment by Money magazine ()

Money magazine () — Thu, 21 Jul 2022 13:00:35 +1000

Hi Marthese,

That's a great question! Here are some stories we've done about buying shares for the first time:

https://www.moneymag.com.au/step-by-step-guide-to-buying-shares-first-time

https://www.moneymag.com.au/right-share-trading-platform-for-you

And this is a recent podcast we recorded on starting out in shares:

https://www.moneymag.com.au/friends-with-money-podcast-52-starting-with-shares

If you would like more information, please feel free to submit a question to Paul here: https://www.moneymag.com.au/contact.

Good luck!

- Money team

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Comment by Money magazine ()

Money magazine () — Thu, 21 Jul 2022 13:40:37 +1000

*EDITOR'S NOTE*

Paul Clitheroe is unable to respond to questions posted here in the comments. Please submit your question via this link: https://www.moneymag.com.au/co...

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Comment by Theo Dormans ()

Theo Dormans () — Sun, 28 Aug 2022 11:45:58 +1000

Paul,i am a 75 year old pensioner, on the old age pension, i have a credit card with access to $15,000, my question is can i buy shares for their dividends, once i have the shares i will receive my dividend and then i will sell the shares, the shares i am looking at r going to pay 11%,my cost would be the interest charged by the credit card people which will be about 13%, but that is for 12 months,i would only hold the shares for 2 weeks max. Thanku Theo

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