QUOTE(chris_c28 @ Feb 12 2008, 12:10 AM)
As long as you have a TFN, you can do it. Minimum investment is usually between $1000 and $5000, but you can start trading online for only $20 brokerage fee through discount brokers like CommSec and ETrade.
I'm looking at Colonial First State and Macquarie's fund products. However, the stock market is pretty volatile right now, so I'm really not ready to put that much into it (on a good run, you'd probably get around 12% p.a. return). If you're risk averse, high interest saving accounts are probably the most stable product right now. Interest rates are set to rise further, so it's definitely good. The only problem is rents will rise in conjunction with the rise in interest rates.
The general rule is the higher the risk, the higher the returns.
colonial first state; not sure..
but currently cash tyype saving is more preferable and you can see Australian is cashing out from superannuation and any funds and put into cash in acc. with high yield like ING direct saver etc..
all this depends on the interest rates variables.
pangping1510; better read up the finance side of aus before putting your funds in this. basically there will be tax; but i think we student are exempt in someway from tax
try read up www.infochoice.com.au
it is good for basic starts.