Buy IOOF Holdings shares

IOOF HOLDINGS (IFL) Shares

ABOUT IOOF HOLDINGS

📊 IOOF Holdings Ltd is an Australian financial services company that offers a range of products and services, which include financial advice, superannuation, investment management and trustee services. It headquarters in Melbourne and has over 500 000 customers.

📊 Founded in 1846 as the Victoria Grand Lodge of the Independent Order of Odd Fellow, a friendly society. Its origins lied in the provision of sickness and funeral benefits.

📊 In the late 1980s, the various Grand Lodges and Odd Fellows combined to form the largest friendly society in Australia. It became IOOF Holding Ltd in 2002.

📊 During the next couple of years, it bought the Sydney-based financial services company AM Corporation, the Australian Skandia operations and Australian Wealth Management Ltd, SFG Australia. In 2018, the company acquired ANZ’s Aligned Dealer Group businesses.

📊 The IOOF group includes the following entities: Australian Executor Trustees; Bridges Financial Services; Consultum Financial Advisers; Financial Services Partners; Lonsdale; Millenium 3; RI Advice; Shadforth Financial Group Limited (Shadforth); and Timetastic.

OVERVIEW OF IOOF HOLDINGS

  • IOOF Holdings Ltd is involved in financial advice and distribution, platform management and superannuation administration, investment management and trustee services, including estate planning and corporate trust.
  • It provides services through master trust platforms that in turn offer access points to a range of investment products. It manages and invests money on behalf of corporate, superannuation, private individual investor and institutional clients.
  • It further provides financial planning advice and stockbroking services. The trustee division provides custodial, agency and estate administration services.
  • The Company’s products include IOOF pursuit, IOOF employer super, IOOF alliances wraps and other products.

VISION & VALUES OF IOOF HOLDINGS

  • IOOF Holdings Ltd.’s mission is to deliver simple investment solutions for investors, to create rewarding investment partnerships with advisers and employers, and to deliver personal and efficient customer service to all.
  • Its people is its most important asset. The company strives to attract, develop and retain the best staff to help customers achieve their financial goals.
  • It has a culture that encourages passion and innovation, respects and embraces diversity, cares for others and communities.
  • The company’s four core values are commitment, excellence, empathy and trust.
  • Shareholders who purchase company shares can rest assured of superior value.

MARKET PERFORMANCE OF IOOF HOLDINGS

  • IOOF Holdings Ltd trades on Australian Securities Exchange (ASX) and lists under the stock symbol IFL. The company forms part of the ASX 100.
  • During the first half of 2019, the company’s Gross margin increases by $ 2.7m and its Net interest income increases by $ 57.7m.
  • The Board determines that a dividend of 12.0 cents per share, and an additional special dividend of 7.0 cents, totaling 19.0 cents per share and resulting in a total payout ratio of 68%, is appropriate.

Buy IOOF HOLDINGS stocks / shares – 📈 A Step by Step Guide how to Buy / Purchase IOOF HOLDINGS Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy IOOF HOLDINGS Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN IOOF HOLDINGS STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE IOOF HOLDINGS STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of IOOF HOLDINGS stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy IOOF HOLDINGS stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

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