5. First decision every investor makes: Finding a broker

This 12 part series is originally found within Get Started Investing Podcast, which helps beginner investors break down barriers. We cover all the basics you need to start your investing journey. If you like more of this content, listen to Get Started Investing in your preferred podcast app.  

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The first decision every investor has to make, whether you are Warren Buffett or a new investor. We all start our investing journey with the same first step - choosing a broker. To make a trade in the share market you have to go through a broker, and with technology these days there has never been more choice.

So in this episode we answer the big question, "how do I actually buy shares?". We then break down all the factors you should consider so you can be confident in making the first choice in your investing journey.

In this episode you will learn:

  • What is a broker
  • How brokers have changed with the internet and new technology
  • Factors to consider when deciding on a broker
  • How Bryce and Ren chose their first broker and if they've changed over time.
  • Some of the different costs that may be charged by a broker
  • How you can access overseas markets (and why you definitely should!)
  • What market data is offered by different brokers
  • How brokerage platforms are trying to become communities
  • What you should consider if you have multiple brokerage accounts


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Want more Equity Mates? Come to our website and explore! You’ll find information on our full network of shows, including our Equity Mates Investing Podcast, book recommendations, blogs, news, and more. 


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In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 


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Get Started Investing is a product of Equity Mates Media. 


All information in this podcast is for education and entertainment purposes only. Equity Mates gives listeners access to information and educational content provided by a range of financial services professionals. It is not intended as a substitute for professional finance, legal or tax advice. 


The hosts of Get Started Investing are not financial professionals and are not aware of your personal financial circumstances. Equity Mates Media does not operate under an Australian financial services licence and relies on the exemption available under the Corporations Act 2001 (Cth) in respect of any information or advice given.


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For more information head to the disclaimer page on the Equity Mates website where you can find ASIC resources and find a registered financial professional near you. 

 

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