Firstly, it’s good practice to develop an investment plan. This includes considering the following investment principles:

• Create clear and appropriate investment goals,
• create an asset allocation that is consistent with your investment goals,
• consider costs and minimise costs where possible, and
• maintain perspective. 

The “right” investments are the ones that are right for you, when taking into consideration your age, stage, investment goals, investment time horizon, and risk appetite. However, it can seem daunting to know where to start so we have provided here a summary of key ASX education services for first-time investors. 

As we head into the yuletide period, with time to relax and have a break from the hurried nature of daily life, you may be thinking about your financial goals heading into 2024. 

Here are six ASX resources that can help you get started on your investing journey.
 

1. ASX Online Courses

ASX online courses are a good introduction to, or refresher on, a wide variety of investments such as shares, Exchange Traded Funds (ETFs), Active ETFs, Derivatives, and Bonds.

ASX provides subjects that are suitable for beginners, the intermediate investor, and those who are more advanced in their investing journey. Delivered in succinct modules with short quizzes to reinforce learning, you’ll feel more equipped in your technical and practical knowledge as you work your way through these courses.
 

2. ASX Sharemarket Game

There are few safer places to experience the marketplace first-hand than with ASX’s Sharemarket Game. By participating in this low-risk learning experience, you can build up an understanding of how the sharemarket works, get familiar with stocks and sectors, and develop knowledge about risk and reward trade-offs. It's the perfect platform to test your investment strategies with simulated real market conditions, complete with actual prices and brokerage fees.

The Game runs twice every year and participants sign up to receive a virtual portfolio of $50,000 to invest in a range of ASX 200 shares, a selection of small- and mid-cap companies, as well as Exchange Traded Funds and Listed Investment Companies. 
 

3. ASX Investor Day

This in-person event runs twice a year – in May and November – and is suitable for retail investors of all ages and stages of investing. 

There is something for everyone, whether you are new to investing or a seasoned investor. The day starts with an economic update and panel discussion on themes from the update before breaking into two streams covering topics across a wide variety of asset classes, sectors and themes. 

We close the afternoon with some fast-paced presentations pitching best ideas of stocks by key portfolio managers and a broker. Keep an eye on our Investor Day page to review on-demand videos from past events and for upcoming event dates in 2024.
 

4. ASX Investor Update newsletters

If you received the Investor Update newsletter you are potentially already on our mailing list. However, if someone has shared this email with you, please sign up here.

Each month our editorial team put their best ideas forward to provide topics that are current, interesting and informative for investors. We ensure that the articles, podcast, and webcast each month cover material that will assist those beginning to invest as well as those that are intermediate and advanced in their investing educational journey.
 

5. ASX Monthly reports

These reports can help you keep across the depth and breadth of Investments Products and stocks on offer at ASX. 

Head to the Investment Products section of our website and look for ASX fund statistics and Company Directory, which provides an extensive directory of all listed companies on ASX. 
 

6.- Ideas Exchange by ASX podcast and on-demand webcasts

For investors who enjoy listening to conversations on current markets and economics by key investment managers and experts in the Industry and ASX, don’t forget to tune into our monthly podcasts and on-demand webcasts found on the ASX Blog.
 

Conclusion

As the saying goes, “slow and steady wins the race”. So, as we all head into the festive season, we hope that the tools and resources ASX offers will provide some ideas and framework from which you can begin your journey. We also hope that you develop and craft your behaviours in investing alongside us for the long term.