Douglas Morris - CEO of Sharesight

I had a great time chatting with Doug from Sharesight. He's a nice guy and I love using Sharesight myself.

It may sound boring but record-keeping is important in share investing and it also gives you insights that can make you a more profitable investor.

We cover a range of topics including:

• The history of Sharesight and how it works
• His previous career at Morningstar and an insight into analysis
• Benchmarking your portfolio against a broader market index
• The tax treatment of ETFS and those gnarly statements
• Reducing costs especially in the gravy train that is superannuation
• Annualised performance and how this can help your investing

And some great advice for the first time investor - buy and hold a stock that you are familiar with, do your research, download the annual report and have a look at it's chart.

There's a bonus section where we discuss some of the terms that you may be unfamiliar with. We talked about GICS which is the Global Industry Classification Standard. It's worth just having a look at the ASX and what it's made up of.  Here's a site that gives a nice overview.

Sharesight are pleased to extend a SPECIAL OFFER to listeners:

Save 4 months on an annual premium plan!

Try the Starter, Investor or Expert Plan. There’s a 7 day free trial where you can experience the full power of Sharesight portfolio management. I know some of you are listening in countries not lucky enough to be Australia.

Sharesight supports 30 of the world’s great exchanges.

Sign up now for a free trial before taking advantage of this special offer.

Disclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will also usually receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself. 

Shares for Beginners is for information and educational purposes only. It isn’t financial advice, and you shouldn’t buy or sell any investments based on what you’ve heard here. Any opinion or commentary is the view of the speaker only not Shares for Beginners. This podcast doesn’t replace professional advice regarding your personal financial needs, circumstances or current situation.