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    Money Whiz
    Money Whiz
    Money Whiz
    Ebook69 pages1 hour

    Money Whiz

    By Geof Alex

    ()

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    About this ebook

    Money Whiz tm is an informative and practical DIY money and investment guide. The publication looks at ways to increase or earn extra income, minimise and avoid debt, set up successful savings strategies and help determine which method(s) of investment would best suit you. Topics discussed include shares, property, negative gearing, managed funds, budgeting, crypto currency, superannuation and running a business. Money Whiz tm is written in an easy to understand format, suited to most people’s circumstances and aims to provide the knowledge and confidence to help you take control of your financial future. 2018 Edition.

    LanguageEnglish
    PublisherGeof Alex
    Release dateApr 21, 2010
    ISBN9781476079080
    Money Whiz
    Author

    Geof Alex

    I've spent 9 years on and off writing this publication. I am an automotive electrical mechanic by trade (auto electrician). I did 3 years camping around in a campervan attending camper club rallies and expos along the way. I have designed houses with energy saving concepts, including solar power connected to the grid, a couple of which have been built and I also designed approx 35 slide on campers and campervans. The publication does not contain all of these, just a good variety of styles of the best designs. Thank you for your time in reading this.

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      Book preview

      Money Whiz - Geof Alex

      Money Whiz tm

      Edition 8.2

      Copyright 2002 – 2018 G Alex

      Money Whiz tm is a publication on the different ways of accumulating financial success. It explains in an easy to understand format the various ways and methods of investing in shares and property. Shares can be the best investment for gaining wealth and Money Whiz tm covers how to make money in both the short or long term. It is designed for the professional or first time investor and helps you determine which method(s) of investment would best suit you. It also shows you how to use diversification to keep money safe as well as growing. It shows you how it is possible to earn a good living through shares, the advantages and traps of negative gearing shares and property and how to maximise benefits and investments when retired. The publication also covers property, superannuation, managed funds, running a business and budgeting. Very few become wealthy by relying solely on advisers and/or brokers. You must learn how to acquire the knowledge and confidence to make your own investment decisions.

      ISBN 9781476079080

      A few of the topics covered by this publication are as follows:

      - The share market

      - Percentage of profit to time

      - Selling or buy orders

      - Performance example

      - Discounts

      - Auto-stock loss

      - Blue chip shares

      - Chess system

      - Diversification

      - Quick profits

      - Spare cash

      - Dividends

      - Dividend reinvest

      - Formulas

      - Market capitalisation

      - P/E ratio

      - NTA

      - Bull and bear

      - Compounding interest

      - Paying out loans

      - Five reasons for investing in shares

      - Researching

      - Ten tips

      - Mining companies

      - Don’t speculate

      - Time in the market

      - Public floats

      - Methods for selecting shares

      - Negative gearing shares

      - Managed funds

      - Time and risk

      - Investing in property

      - Negatively gearing property

      - Positive gearing

      - Neutral gearing

      - Property loans

      - Mortgage offset account

      - Home you live in

      - Crypto currency

      - Block chain technology

      - Budgeting

      - Superannuation

      - Annuities or pensions

      - Turnover income and profit

      - Tax rate

      - Reducing tax

      - GST tax

      - Wills

      - Power of attorney

      - Share Whiz™

      SHARE MASTER ™

      Shares are one of the best investments for gaining wealth. The Share Master (tm) publication explains the various ways of investing in shares to achieve your goals. It explains these methods in an easy to understand way and also the different reasons for using each method and how to determine which method(s) would best suit you. It also covers how to make money in the short or long term. Very few become wealthy by relying solely on advisers and/or brokers. You must learn how to acquire the knowledge and confidence to make your own investing decisions.

      Share Master is a DIY investment guide. c 2002 - 2018 G.Alex

      1. Comparing the share market with other types of investments

      The share market has always out performed all other investments over a longer period of time and has often had good short term results as well. It can also provide a regular income from interest paid (dividends) as well as investment growth. Most other investments only offer one or the other.

      Shares are otherwise known as Equities or Stocks.

      2. Brokers and fees

      Discount brokers and full service brokers

      To buy and sell shares you need to open an account with a brokerage firm. There are two types of brokerage firms. One is a discount broker. They buy and sell shares on your behalf without giving advice. The other type of brokerage firm charges more, but they will give advice in return. There is usually no fee involved to open up an account with a brokerage firm. You can also arrange to have money automatically transferred to and from one of your bank accounts to your broker when buying and selling shares.

      Brokerage fees in respect to the size of purchase.

      Fees charged by brokers to buy and sell shares can vary. For example a fee charged by a discount broker maybe the greater of the two options - $50 or 1% of the amount purchased per company plus around 0.15% tax.

      Because of these fees, when you buy shares it would be better to purchase amounts close to $5000 as 1% of $5000 is $50. If only $1000 worth was purchased you would be required to pay the $50 fee which is then 5% of the $1000. If the shares in the company purchased rose 13% in a year and were bought and sold in that year, the $1000 parcel of shares would have cost 10% to buy and sell leaving a profit of just 3%. The $5000 parcel of shares however would have cost 2% to buy and sell leaving a healthier profit of 11%. Over a few years the differences are not as great. For example in four years the 13% gain would become 52%, less the 2% in fees for the $5000 purchase, leaving 50% compared to the 10% less in fees for the $1000 purchase which leaves 42%.

      In public floats where there are no fees charged to buy the shares, smaller purchases are more profitable in a shorter period of time.

      Name: always write down the name of the person whom you are dealing with and use it. Keep it for future reference, including phone dealings, speak politely and courteously.

      3. Share price importance

      It is not important if the share price is 50 cents or $10.00 as you may buy $3,000 of either and it is not the number of shares you are buying that

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