AT A time when the level of share ownership in Australia is the highest in the western world, members of the public are understandably clamouring for more information and research to help them come to grips with the share market.
In response, Author Desmond Connelly has released a book that explains the operations of the market in simple terms.
Shares in a Nutshell commences Chapter 1 with the question: “How might we have doubled our money over the last two years of the century?”
The answer to the question, of course, is to have bought Telstra shares in November 1997.
Subsequent chapters cover issues including price movements, quality of stocks and selecting appropriate stocks for potential purchase.
The book is that it is written in simple terms and designed to assist novices to understand the market and its movements.
While making a compelling case for buying shares, Connelly is careful to point out that share exposure should be only one part of an overall portfolio and that there is a need for balance to be struck in portfolio design.
Shares in a Nutshell is recommended reading for all novices looking for an introduction to the machinations of the Australian Stock Market.
