Investing in a fund is easier than ever in Australia. With multiple online brokers and brokerage firms, investors have the option of investing on their own or with the services of a professional.
DIY
Funds like ETFs can be easily traded on the Australian Stock Exchange. All you have to do is follow five basic steps:
1. Choose a brokerage firm or an online broker.
2. Set up an account.
3. Complete your KYC registration and deposit funds.
4. Look for the fund you want to invest in by punching in the ticker symbol of the fund.
5. Place your order and trade the units you’ve opted for.
Via a Manager
To buy units in a managed fund, contact the fund manager directly. Some fund managers also offer regular investment plans, allowing you to contribute a set amount each month or quarter.
Follow these steps below to invest via a manager:
1. Search for funds a company offers.
2. Complete your KYC on the fund’s company website.
3. Trade in the fund by depositing the requisite amount.
If you need help deciding which funds to choose, a financial advisor can help you select funds that align with your goals and risk tolerance.
Don’t forget that your superannuation is also invested in various funds. You can often choose how your super is invested, including selecting specific investment streams, such as “growth” or “balanced”.
