You can invest wisely and build your wealth or take a gamble and maybe lose the lot . Make sure that you understand how margin lending products operate before you borrow money to invest Be wary of computer sharetrading software promising quick and easy returns . Some of these programs sell for thousands of dollars, and you should seriously investigate the product you're buying, and question whether you're getting value for money. Find out how commissions work and how they may influence the advice your get from your financial adviser. ASIC's pointers on prospectuses Pick up our pointers to get the most out of these crucial documents before you invest a cent.
Investment clubs are a great way to learn about investing in shares.
We don't regulate clubs but here are a few tips that can make the experience more enjoyable. Avoid trying to make money out of illegal activities. For example, people have disappeared while visiting Nigeria to recover funds they'd sent in the hope of receiving a large sum of money. Avoid illegal activities, including schemes that involve hiding money from the Tax Office or Centrelink. If the money disappears you'll be too scared or embarrassed to complain .