Bank deposits in 2015 are going to be receiving pitiful interest rates and the Australian public needs to take action. Leaving money in a bank account will return a relatively low interest rate and when inflation is taken into account, some feel that it is no better than hiding it under the bed mattress. The best place to have extra savings is in the equity market. Returns on investment of funds in the stock market are historically the best way to increase wealth.

If you are just starting out then there are a few steps to help you along the way. Begin by doing your homework. Read financial publications and search the internet for information on what shares of a company are and how they function. You can never do too much research on how the market works and every bit of information will ensure that you are making the wisest purchases.

Next, finding a broker is a very important step since this is actually how you will purchase the shares of companies. Online brokers tend to give the best deals on fees and they will usually provide the same amount of customer service as a traditional brick and mortar bank, but at a fraction of the cost.

Third, Deciding what to buy is an obvious but crucial choice that will seem very intimidating at first but over time will be as exciting as watching your money grow. There are thousands of companies listed on the ASX and every sector of the market is represented. Focusing on trends in the market and business are a good way to find direction. One of the largest long term trends have been the aging population of Australia and the world. The older a population is the more their needs shift towards care and medicine. The low interest rates have spurred construction and home builders have had a boom in recent times. The confidence of consumers has been returning and this will certainly be good for retailers. Shares in quality large companies with dividends and steadily rising stock prices can be a good foundation for a portfolio. The weakening Australian dollar has not been good for Australian travelers but it has been and will continue to be good for Australian companies that export their goods.

After the proper amount of research has been done it is time for the two final steps, making the first purchase and then continuing the process. Sitting back and watching your funds do your work for you is one of the most satisfying feelings in the world and now is the time to take action and begin buying shares.