Owen Raskovitch

The company can choose how many shares they want to issue, how much they want to start selling,

When they initially list on the stock exchange, they can choose how much they want the shares to be worth.

So just because it's cheaper or more expensive, it doesn't mean too much.

Yeah, and different people value the pizza differently, so the shares differently, and they'll put different values on it for whatever reason and then that can shift the price up or down depending on how much value people place on that particular share of the company.

So instead of going out and just when you have your first $500 and buying whatever tip your friend tells you is the next big thing to buy as a single share, it's important to really start learning about how the share market works and then actually when you figure out a company you like, actually doing some research on them rather than just going out and just wasting $500.

Okay.

So I think it's important to maybe have a friend or someone that you can do it with and talk about investing with just so you can share those things you learn, learn from each other's experiences.

It's really good to talk to someone who's already bought or sold a share before so you get some experience there.

Have you actually spent some time to learn how investing works and how the stock market works so you are confident with what you're buying?

There's the ASX share game, so that's a good opportunity to even just see how the mechanics work.

But there's ways you can, so paper trades, so you can pretend to manage a share portfolio of $100,000 for a year and see how you go.

You could just write down what you're buying when and see how that goes.

Especially if you're just starting out very small, you might want to practice for a few years while investing small amounts in the background just to see if you can actually do the research yourself.

Yeah.

Yeah, so I think it's important to learn from people as much as possible, to learn from their mistakes.

It's good to make your own mistakes, but if someone else has made a mistake already and you can learn from their mistake, if you can avoid making the mistake, then you may as well.

So there's podcasts now, there's newsletters.

So many of the world's smartest investors, including Warren Buffett, actually...

fully disclose what they're buying and selling.

They write memos, newsletters, they present at conferences.