If you are looking for investment options in Australian financial market, you are in the right spot. Let's start with the major four options for every potential investors.
1. Stocks
2. ETFs
3. LICs &
4. Funds
For any of these investment ideas, click here. This article mainly focus on stock market.
1. Stocks - Stocks are traded through the exchange called Australian Security Exchange (ASX).
The Australian share market is broken up into 11 Sectors, 24 Industry Groups, 69 Industries and 158 Sub-Industries. Here are the detail break-down of 11 sectors.
Largest sector is Materials that has 41.4% and the list companies listed sector is Ultilities with round 1%.
Australia's 11 GICS sectors each have a benchmark index that tracks the performance of ASX-listed companies in that sector.
You have to chose your sector where you understand their language. You also need to think about diversifying your investment.
References
https://www.listcorp.com/asx/sectors/
https://www.marketindex.com.au/asx-sectors
https://www.morningstar.com.au/investments/ideas
Add detail process how can we apply on ASX for new investors.
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