How do I purchase direct shares??

OK, let me set the scene.

I casually rang my sibling a short while ago just for a short chat. He said it wasn't a good time as he was meeting with colleagues, but to write this down.
Somebody had shared with him that it may be a good idea to buy xxxx shares, and perhaps I should too.

I don't have any direct shares, only managed funds. My question is, what is the quickest simplest way to purchase shares. (I'm a novice).

cheers
speccy Jenny

 

You'll have to open a trading account- netwealth, Etrade, commsec or any other providers- fill out forms and post it.

Once the account is open you place the money (or borrow the money to purchase) into that trading account. You could send the money by cheque on application.

Then you execute an order on line or via phone.

 

Thanks Hiflo

I was hoping to avoid opening an account as I hear this is a long process. Isn't there a quicker way??

Jenny

 

Are you sure this "hot tip" is such a good idea? Should you base your investment strategy around urgent gossip or a sound set of well considered and tested principles. I guess this is possibly just speculation. If you feel like a flutter why not wander down to the casino and stick it all on black

Had you heard of the company before? Do you know what they do and what the key drivers for their business are?

How reliable is your information? Is it inside information such that there may be potential liability for insider trading?

Just some observations. Not trying to be critical, just trying to help you reality check the situation.

Cheers
N.

 

Thanks Nige for your concern. Boy you sound just like me. And I understand exactly where you are coming from.

All is above board.

Yes, this is a flutter.

Never been to a casino, got as far as the front door once and the stench of stale cigarette smoke sent me reeling backwards and hurriedly retreated.

Never been to a tab either.

But just sometimes that little voice within says "why not".

The kids wont starve and this won't compromise the shirt on my back so........................why not?

Jenny

 

Fair 'nuff.

As I said good luck with the "flutter"!

 

Jenny

Did you end up having a go?

 

What was the stock? Not that I would buy on the strength of a lady on the internets tip from her brother but I am curious as to how you went.

I have had two tips from a family friend about companies he was aware of in his industry - not insider stuff. On both times I didn't buy but other family members did. The companies did very well. Sometimes a hot tip can be terrific.

Difficulty is telling which ones are worth buying