ShareMarket? Should i do It?

[Evolution_Ends_Here]

hey guys, 2day i just got Mail from my Employer Woolworths Ltd about invition to buy Shares, i'm just wondering if you i should do it or not, i read the booklet already as soon as i got it , but it said that the tax thingy completely changes if i accept the offer, and shares in general, i don't want to end up like my dad ,

What do you guys think?

[Reaper]

Over the longer term the share market can provide excellent returns. Short term can be a bit of a lottery unless you know what you are doing. Nobody on this forum should be advising you to do anything other than to seek professional advice from a licensed financial planner. This will cost you some money but the earlier you get good advice (and follow it), the sooner you are on the way to financial independance. Be wary of any advice you don't have to pay for (such as from banks and the like) as they have to get paid some how and often it is from commissions from a limited list of products that they can advise you to invest in.

That said, often employer offered share schemes can be excellent value as they are often offered at a discount to the open market. There can be catches such as limited voting rights at AGM's etc and you should read the public disclosure statement before making any decisions.

There can be tax implications and once again, your financial advisor should be able to explain them to you.

Reaper

[Evolution_Ends_Here]

Over the longer term the share market can provide excellent returns. Short term can be a bit of a lottery unless you know what you are doing. Nobody on this forum should be advising you to do anything other than to seek professional advice from a licensed financial planner. This will cost you some money but the earlier you get good advice (and follow it), the sooner you are on the way to financial independance. Be wary of any advice you don't have to pay for (such as from banks and the like) as they have to get paid some how and often it is from commissions from a limited list of products that they can advise you to invest in.

That said, often employer offered share schemes can be excellent value as they are often offered at a discount to the open market. There can be catches such as limited voting rights at AGM's etc and you should read the public disclosure statement before making any decisions.

There can be tax implications and once again, your financial advisor should be able to explain them to you.

Reaper

thanks mate for ur advice