ASX

Interesting article recently in the AFR.  It seems to be talking about Xero, a technology company from NZ.  It is expected to switch into the Australian market to raise its profile and make it easier to raise money.

However, the real stock recommended in fact, is the ASX.  Follow what my father advised...  Only buy shares that give good dividend out of recurrent reliable profits, which is higher than interest from bank deposit.  The profit has to be long in history (suggesting serviceable, low or no debt with good management).

Well, other players may be around but ASX is still a monopoly, legal and sanctioned by the government.