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Start Managing your own Money and Investments, with ASX Historical Share Prices from JustData

Barring a scenario where a financial advisor skips town with your cash or makes a bad investment that drains your savings, working with a professional to manage your money and oversee your investment portfolio isn't a bad thing. Financial advisors, after all, are experts who research and understand the stock market and other investment opportunities so that you are not required to do so. If you have the time and interest to learn about investing, though, or if you simply don't want to pay the fee that a financial advisor brings to the table, you might consider managing your own investment portfolio for a change.

The Advantages of Managing Your Personal Investment Portfolio

While diving into the stock market without a financial advisor to give you pointers might feel a bit like jumping out of a plane without a parachute—at least at first—it doesn't have to feel that way forever. On the contrary, the time taken to research historical ASX share prices, learn about stocks and choose your own investments can bring about a fair share of benefits you will never get from working with a financial advisor.

For instance, learning about the stock market and seeing how much of a return you can see by making a smart investment might be thrilling enough to convince you to spend even more time learning about the market. Making a profit from a trading strategy, you designed yourself, is infectious because it proves that you are capable of understanding and making smart judgments about the stock market. The thrill, in turn, might push you to learn even more about the market (and save even more money for purposes of investing), which could lead to greater returns down the road. Of course, there will be rough days and months as well, but such is the case with any stock market investing—whether you have a financial advisor or not.

Not working with a financial advisor also means you get to keep more of the money you make from stock investments. Some financial advisors will charge fixed fees for every meeting or consultation while others will take a percentage of your stock portfolio's yield each year. Cutting out these costs is something that every investor wishes they could do, but many don't have the confidence to step out on their own.

Take the Next Step, with ASX Historical Price Data from JustData

If you are considering going it alone on the stock investment front, you are going to need the right tools to do so. One invaluable tool for every investor is a program that provides historical share prices for different stocks traded on the ASX (or Australian Securities Exchange). Knowing the histories of different stocks makes it easier to make educated guesses about where those stocks will go in the future. Financial advisors will typically use historical ASX stock price data as one method for creating a stock portfolio strategy for you.

With JustData, though, you can take matters into your own hands. Our Bodhi History software provides historical prices for stocks traded on the ASX and other stock exchanges worldwide. Using this information—along with other research into the principles of stock trading and market trends—you can become the expert investor you have always wanted to be!

Disclaimer: The information contained in this communication is general information only. Any advice is general advice only. Neither your personal objectives or your financial situation and needs have been taken into consideration. Accordingly, you should consider how appropriate the advice (if any) is to those objectives, financial situation, and needs, before acting on the advice. Electronic Information Solutions Pty Ltd t/a JustData