Tuesday, August 18, 2009

High Risk; High Profit

ASX (Australia Securities Exchange) is a site that provide market data, share price of Australia. Besides, It includes tools (simulation known as watchlist) that allowed you to monitor your share (for education purpose only). In order to utilize the tool, you need to have a log-in id & password (is free anyway!)

You can check it out at http://www.asx.com.au









In Malaysia, I didn't even touch a single piece of it.I have seen my ex-colleague used to visit website e.g OSK to monitor their shares all the time. While I'm a freshy and still doing research in this area. ~ more to learn! Sean's wife had revealed a little of her experience regarding her share-market in Australia. As she is a full time housewife (making money at home) the share she had is concerning her routine activities. For e.g.

a) Bank whereby she need to withdraw/deposit money- ANZ, Westpac, NAB....
b) Supermarket that she visited often for her neccessity - Coles (WestFarmers), Woolworth....

According to her,
shares that sold off with profit gained (within a year) , 50% will be taxed (if you're eligible as tax-payee) Note: As long as your annual income is AUD6,000 and above, you'll be TAX.

Last but not least, I would welcome any suggestion and feedback.