Many people in Papua New Guinea are coming to realize that they can make money trading or investing stocks of publicly listed companies at Port Moresby Stock Exchange (POMSoX).
With the technological advancement, information that was once closely guided by the brokers is at your fingertips. It’s the perfect time to act now.
Of course, you have to test the waters to see if it’s right time to go in. This I mean by educating yourself.
Billionaire investor stock market Warren Buffet once said;
Never test the water with both legs
That is why we have prepared this post for you. It’s very brief, so if your want more details, register for our Share Investing Basics session we have.
Why do people invest in shares?
People invest in shares with the objective of generating wealth – either through potential share price growth, via income paid as dividends or a combination of both.
Shares can be bought and sold on POMSoX. Also, you don’t need large amounts of money to get started – you can buy as little as K1000 worth of shares.
As with any investment, shares also carry risk and investors need to inform themselves of these.
By investing in shares on POMSoX you are buying part ownership of POMSoX -listed company.
If the company performs well, you can benefit from share price growth and/or income paid as dividends. Equally, if the company performs poorly, your shares could decrease in value and/or the company may pay no dividends.
Trades are issued by listed companies and traded by investors on the POMSoX share market. You can trade shares by using a licensed broker to buy and sell shares on your behalf. Two brokers in PNG are BSP Capital and Kina Securities
Here are some useful links about wealth creation articles in our Hubpages earning site
- Never Invest in Superfund
- 6 Donald Trump Billionaire Habits
- 5 Different Levels of Investors
- 7 Ways to Write for Income
- 3 Simple Ways to Grow Money