Presenters at the Maleny Sharemarket College seminar: Derek McGrath, Sales & Business Development Manager, Karen Amor and Matt Cuttler, Solutions Partner
REPRESENTATIVES of Brisbane-based Sharemarket College presented a seminar in Maleny recently to introduce people to the concept of share trading and investing professionally.
Many people are anxious about becoming involved in what they see as a volatile share market. However, Karen Amor, a Solutions Partner said that Sharemarket College has 14 years experience of giving sharemaket advice throughout Queensland. “We’re the market leader in educating into the sharemarket”, Karen told the Hinterland Times.
Sharemarket College has online and face-to-face mentoring and is licensed to give advice on setting up your own self-managed super funds.
“We train all ages,” says Karen. “Our youngest member is 13 and our oldest is 83. Once you take out membership we have people to mentor you and coach you all the way through,” Karen added.
To contact the Sharemarket College email Karen: Karen@smc.edu.au For more information: www.smc.edu.au
February 25th, 2011 at 7:30 pm
THE Sharemarket College, a private Brisbane teaching institution, has emerged as a key agent for Sonray Capital Markets, the Australian financial services company that imploded last month. The administrator Ferrier Hodgson froze $65 million worth of creditors’ funds after the collapse, affecting about 4000 investors.
The college is an authorised representative of Sonray and runs courses in shares trading, the self-management of super and intraday and options trading. It also teaches students how to trade high-risk financial instruments called contracts for difference, or CFDs, with the online trading program SMC Trader.
Ferrier Hodgson said investors with exposure to Sonray were introduced to the company through a small number of ”authorised representatives” or ”introducers” like Sharemarket College.
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The actor John Jarratt, star of Wolf Creek, appears in a promotional video on the company’s website as a ”Sharemarket College member”. In it Jarratt tells how the college can help ”make your money grow, take charge and keep the change”.
One statement on the website explains how CFDs can increase exposure to shares: ”For a normal gearing of up to 10 times, an investment of only $10,000 can command a position of $100,000 in the stock market”.
On another website the chief executive of the college, Graeme Rogers, says CFD trading is ”as easy as buying a simple stock in Australia”.
The Australian Securities and Investments Commission believes a large proportion of traders do not understand the risks associated with CFDs. A recent ASIC report found investors had been trading CFDs although they lacked the ability and knowledge to do so. It also found about 15 per cent of CFD traders invested between 50 and 100 per cent of their portfolios in the product.
”Some investors are trading CFDs within their self-managed superannuation funds, and some investors are using their retirement savings as trading capital. These behaviours are all a cause for concern as the highly leveraged nature of the product means that small market movements could easily result in margin calls which traders may be unable to meet,” ASIC’s study said.
The market for CFDs has flourished in Australia, despite being banned in the United. States
September 2nd, 2011 at 9:22 am
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