Investing in companies listed on the Australian Securities Exchange (ASX) gives you an opportunity to grow your wealth and participate in one of Australia’s promising rare earth element discovery and exploration companies, Victory Metals Pty. Ltd. Below are some of the key considerations…
Before investing in any company, you need to get into some thorough research and analysis. Of course we want you to invest in us, but you might start by identifying companies that align with your investment goal/s and risk tolerance.
Consider factors such as financial performance, industry trends, competitive positioning, and future growth prospects. Use reputable financial websites, company annual reports, and analyst research to gather information.
To invest in ASX-listed companies, you’ll need to open a brokerage account. Choose a reputable brokerage firm that offers a user-friendly trading platform, competitive brokerage fees, and access to comprehensive research tools.
You can probably set an account up with CommSec (accessible through their new phone app), ANZ Share Investing, or SelfWealth to name some popular ones.
Follow the brokerage firm’s account setup process, which typically involves providing personal information, proof of identity, and depositing money into your account.
Ensure compliance with know-your-customer (KYC verification) and anti-money laundering (AML) regulations for account verification.
Once your brokerage account is set up, you’ll need to transfer funds to start investing.
Link your bank account to your brokerage account and initiate a transfer. Most brokerage platforms offer various funding methods, including bank transfers, debit/credit cards, and BPAY.
After funding your account, you can start placing trades. Use the trading platform provided by your brokerage to search for the company you wish to invest in using its ticker symbol.
Our symbol is VTM.
Specify the number of shares you want to buy and choose the order type (market order, limit order, etc.). Review the trade details and execute the transaction.
Diversification is a big part of investing. Spread your investments across different industries, sectors, and company sizes to reduce your risk.
Consider building a diversified portfolio through a mix of blue-chip companies, growth stocks, and income-generating assets.
Regularly monitor your investments and stay updated with company news. Below is where you can read about Victory’s new REE discoveries and ASX announcements.
Try to keep up to date with REE market trends and adjust your investment strategy as needed based on this new information or changes in your financial goals.
If you’re unsure about investing or lack the time to research individual companies, consider seeking advice from a qualified financial advisor. They can provide personalised guidance based on your financial situation and help you make informed investment decisions.
- Read more about what Rare Earth Elements are
