Non-fiction 22 Nov 2004 11:23 am
The Australian Stockmarket
The Australian Stockmarket
Ron Bennetts
This book provides a very good introduction to stocks investment in general, with a strong emphasis on the Australian market. It goes further than a simple description of the market, though: it begins with a history of stock markets in general, talks about investment strategies (with failry detailed (and boring) technical descriptions) and the several different financial products available, and explores the taxation effects of different strategies.
It is not a book for someone who knows nothing about the stock market and is not really interested in learning; that is, it will not give you foolproof ways of getting rich quick. But, if you want to know more about what is out there, how the market works and how to best use it, and are prepared to invest some time in learning and working on it, this book is for you (if you happen to be in Australia or plan on investing here, that is). You will finish this book knowing about options, futures, derivatives, floats, the ASIC, SEATS, what your broker charges you, how long a bear market usually lasts, how to read the finance pages in your newspaper, and so on.
For me it was a very useful book, and I think it will be good for any novices to investments in Australia.
