Investing in shares could be the first step you take towards kicking some serious financial goals, but it can also be a little daunting if you’ve never done it before. At Unhedged, our team of experts have built AI algorithms that take some of the hard work out of investing – especially if you’re just starting out. Before you start, here are some of the basics;
What Are Shares?
To put it simply- shares (sometimes called stocks) are “units of equity ownership”. In other words, they represent a part-ownership in a business (even a very small part). So, when you purchase shares in Woolworths or Apple, for example, you’re a part owner (even if you don’t get invited to board meetings). Generally, the more successful a company is, the more their shares are worth. However, buying shares in the world’s biggest brands today may not have scope for as much growth – it depends on the company. Other things like ownership changes within the company and natural market variations can affect shares as well.
Making Shares work for you
Shares can be a great way to have your own little stake in some of the world’s biggest companies. They’re an easy way to get a foothold in investing for the first time as well – with Unhedged, you can gain exposure to shares with as little as $100. Once you’re set up and ready to go, you can put aside spare change from lunch, your morning coffee, or simply tip funds periodically and start to build towards your financial goals.
Keeping Track of Your Shares
Keeping track of your share investment is easier now than it’s ever been before. Once you’ve made your first steps into investing, keeping an eye on how they’re doing is as simple as having the Unhedged app on your phone. From there, you can see what your shares in the Unhedged app are worth, how they’re tracking, and you can increase or decrease your share exposure within the app* – easy as.
How to Assess Risk
Heaps of people put off buying their first shares because of risk. Of course, investing comes with risk, as shares are fluid and their value goes up and down, influenced by a number of things. However, you should consider the level of risk you’re comfortable with, and buying shares that fit for you.
So ready to take steps towards financial literacy and freedom? Get started on your investment journey, download the Unhedged app on Google Play or the Apple App Store today.
*Fees and costs also apply to an investment in Unhedged. Please read the PDS available on our website before applying. You can also read an overview of our fees on our FAQ page here.
All investments carry risks and you may lose your money. Past performance is not indicative of future performance. The information in this report is general information only and does not take into account your personal circumstances, financial situation or needs.
