Tip #6 - Help with share selection for DIY investors

Every week we post a tip that we hope will help you become a successful share market investor.

Tip #6 — Help with share selection for DIY investors

Read articles about companies of interest to you in newspapers, magazines and online. You will be surprised how quickly your knowledge and confidence grows. You can use online tools such as Sharesight to check the historic performance of a company to help you with your investment decisions.

Look online to find the innumerable share purchase recommendations for free as well as organisations that provide recommendations to paying subscribers. Whether they are free or not these services can be a valuable source of guidance and information but don’t follow them blindly. If it is not clear to you why their recommendations are sound don’t act on them. Do your own homework and come to your own decisions.

This information is not a recommendation nor a statement of opinion. You should consult an independent financial adviser before making any decisions with respect to your shares in relation to the information that is presented in this article.

FURTHER READING

• Blog -- Tip #5 - How to choose industries with good prospects
• Blog -- 5 Reasons why buy and hold investors use Sharesight
• Blog -- Asset allocation reporting in Sharesight