$430

Rivkin Report membership can be tax deductible. We recommend you speak with your tax advisor for more details.

You can also read more from the ATO website here:

Interest, dividend and other investment income deductions | Australian Taxation Office (ato.gov.au)

We’d love to hear from you. Please contact us on 1300 748 546 or info@rivkin.com.au so we can help.

There are a number of factors to consider when investing in shares for the first time. Some of the most common factors are:

1. Goals and Objectives: Consider your goals and objectives for trading. Are you looking to make short-term profits or are you investing for the long term? This will help you determine your trading strategy and risk tolerance.

• Rivkin has both short and long-term investment strategies to choose from.
• However, we do encourage a multi-year investment time horizon for investing in our Model Portfolios. Brokerage fees may diminish returns on short-term trades and long-term investments have the added benefit of compounding on gains already made over time.

2. Risk Tolerance: Determine your risk tolerance level. This will help you decide how much money you are willing to invest and how much risk you are willing to take on.

• It is important to note that ASIC designates share investing as a high-risk investment when compared to other asset classes such as bonds and real estate.
• To learn more about the risks related to share investing, here’s a short article: What Is Risk Tolerance, and Why Does It Matter? (investopedia.com)

3. Trading Plan: Develop a trading plan that includes your goals, risk tolerance, trading strategies, and money management strategies.

4. Education and Knowledge: Educate yourself about the financial markets and trading strategies. This can be done through books, courses, and online resources.

• Rivkin provides many educational tools for you to educate yourself on your investments.
• For example, we have a library of past webinars that serve as comprehensive guides to a wealth of investment topics.
• And if you still can’t find what you’re looking for, our Chief Investment Officer, Shannon Rivkin, will answer all of your questions in his weekly segment of Virtually Live if you leave your questions in the comments section of the blog post, email us at info@rivkin.com.au or 1300 RIVKIN.

5. Broker Selection: Choose a reputable broker that meets your needs and offers a trading platform that is user-friendly and reliable.

• When pursuing any active investment strategy, the cost of trading should always be considered.
• For ASX trading, we currently offer a Rivkin Stockbroking Account powered by CMC Markets which currently has a brokerage rate of $11 per trade. Depending on the product and provider, your actual trading costs can be higher or lower than this.
• Click here to learn more or contact us on 1300 748 546 or info@rivkin.com.au.

6. Capital Requirements: Determine the amount of capital you need to start trading and ensure you have enough funds to cover any potential losses.

• Rivkin recommends an initial investment of at least $20,000 AUD for most portfolios we provide in order to align your investments and follow along with the modelling of our portfolios. However, you can invest as much or as little as you like.

7. Emotional Control: Develop emotional control and discipline to avoid making impulsive decisions based on emotions.

• To learn more about the common emotional mistakes made by investors, check out these articles:
  
  • Loss Aversion – Rivkin
  • Self-attribution and hindsight bias – Rivkin
  • Anchoring – Rivkin
  • We Don’t Know What It Is That We Don’t Know – Rivkin

8. Record Keeping: Keep accurate records of your trades and performance to track your progress and identify areas for improvement.

• Check out this article from the ATO for more information: Keeping records of shares and units | Australian Taxation Office (ato.gov.au)