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    Fast Money: Succeed with Shares
    Fast Money: Succeed with Shares
    Fast Money: Succeed with Shares
    Ebook90 pages58 minutes

    Fast Money: Succeed with Shares

    By Jimmy B. Prince

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    About this ebook

    Do your finances control you? Frustrate you? Limit you? Well take control of your money today and get more of what you want from life.

    Bestselling author, Jimmy B. Prince guides you through the ins and out of investing in and profiting from shares. Fast Money: Succeed with Shares is a jargon-free, practical guide that will get you confidently investing in the share market and on the road to financial freedom, fast!

    LanguageEnglish
    PublisherWiley
    Release dateFeb 5, 2013
    ISBN9781118613016
    Fast Money: Succeed with Shares

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      Book preview

      Fast Money - Jimmy B. Prince

      cover.eps

      Succeed with Shares

      Table of Contents

      Chapter 1: Making money on the sharemarket

      Cashing in your chips: highly liquid

      Adding to the pile: investing small amounts

      Counting your money: prices published daily

      Rolling in dough: receiving a dividend

      Making easy money: capital growth

      No annoying charges: no holding costs

      The risks you need to take

      Investing in derivatives

      Exchange-traded options

      Warrants

      Contracts for difference: playing two-up

      Chapter 2: How to buy and sell shares

      Back to basics

      Contacting a stockbroker

      Buying and selling your shares

      Buying shares

      Selling shares

      Chapter 3: Taxing your share transactions

      Taxing your dividends

      Dividend reinvestment plan

      Capital gains tax: the rules you had to have

      How to calculate a capital gain

      How to calculate a capital loss

      Selling different parcels in same company

      Claiming a tax deduction

      Borrowing to buy shares

      Chapter 4: Building a quality share portfolio

      The rules you need to follow

      Narrowing down your choices

      Analysing a company

      Core business

      Competition

      Management team

      Company profits

      Dividend policy

      Major shareholders

      Stockbroker recommendations

      Chapter 5: Doing your sums: understanding share ratios

      Company’s dividend policy

      Dividend yield

      Grossed-up dividend yield

      Dividend cover

      Dividend payout

      Company’s financial stability

      Earnings per share (EPS)

      Price/earnings ratio (P/E ratio)

      Return on shareholder’s equity (ROE)

      Net tangible assets (NTA)

      Price to net tangible assets (P/NTA)

      Interest cover

      Debt-to-equity ratio

      About the Author

      Further Reading

      Chapter 1: Making money on the sharemarket

      As share prices can fluctuate daily the anxiety that you could lose money is a constant feeling you may experience. Sure you can drop a bundle if share prices plunge. But you can also make heaps if they rise. Provided you do your homework and invest sensibly, owning shares can be a very rewarding and lucrative way of building up your wealth. In this chapter I chat about the basics, and explain that investing in the sharemarket is not all doom and gloom. I also chat about the different ways you can invest in shares.

      To gain confidence dealing with this type of wealth-creating asset, it’s important that you understand the fundamentals — both good and bad. The following information explains the nuts and bolts of investing in the sharemarket.

      Cashing in your chips: highly liquid

      During one of my sharemarket courses a woman casually said to me, ‘I own a $50 000 share portfolio but I have no cash that I can quickly access’. When the first aid officer helped me recover from the sudden shock of hearing such a statement, I had to remind her that shares are effectively a substitute for cash. In chapter 2 I emphasise it normally takes no more than a few seconds to buy and sell them (especially if it’s done online). And you’ll normally get your money back within a few days. Alternative investments like managed investment schemes, real estate and collectables could take an eternity to sell. So what does all this mean? Shares allow you to quickly get in and out at minimal cost. And you’ll be able to take advantage of any good buying opportunities in other asset classes that may pop up from time to time.

      Shares also give you the opportunity to sell small parcels at short notice. For example, you own 1000 BHP Billiton shares and you need to sell 500 shares to access some cash quickly. Unfortunately, you can’t do this with alternative investments such as real estate and collectables: you can’t rock up to an auctioneer and try to sell your front bedroom or the left-hand corner of an expensive painting by a famous artist! Although there is no minimum number of shares you can sell, the brokerages fees payable to sell minute parcels could make the transaction uneconomical.

      Adding to the pile: investing small amounts

      One of the great things about shares is you don’t need a truckload of money to start the ball rolling (as is the case with wealth creation assets like real estate). There are simply no set minimums. With as little as $1000 you can start a small share portfolio and build from there. And you can buy more shares as you become more affluent. Further, when you become a shareholder, you may be given the opportunity to participate in rights issues and dividend reinvestment plans, where you can buy more shares direct from the company. These offers to buy additional shares are normally at a discount to the current market price, and no brokerage fees are payable! A great example that comes to mind is the National Australia Bank share purchase plan. In August 2009 shareholders were given the opportunity to buy shares direct from the company at $21.50 per share. When the shares were allotted to the shareholders a few weeks later, they were trading at around the $28 mark (you little ripper!).

      Counting your money: prices published daily

      I love counting my money, especially when share prices are

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