Investment in the stock exchange is a very tricky business, a stock exchange is known as a double-edged sword because of its speculative nature. Your one correct decision could earn you millions but one badly thought out bluff may cost you a fortune. So when you are considering buying a stock you have to do your research before making a decision. Luckily Sharesies is an online trading platform, on which you can easily gather data regarding different companies and make sense of trends to make informed decisions.
If you are new to Sharesies you can open an account by clicking HERE. Doing so will mean that you will receive FREE $5 in your account and so we will for referring you.
So, what companies should you look at for the best returns?
1. A2 Milk Company (ATM)
The company belongs to the milk industry and is at the top of our list to invest in. The company was founded in 2000. Their innovative and inventive solutions to the problems of the dairy industry have won customers over, therefore they yield higher returns to their investors. Recent trends in their net income suggest that they will continue to yield higher returns. As of now their share price on Sharesies is around NZ$15-20.
2. EBOS Group (EBO)
Considered to be the biggest wholesaler and distributor of healthcare products in Australia and New Zealand makes it our second-best option to invest through Sharesies. Considering the ageing population of Australia and New Zealand along with COVID-19 we expect the healthcare industry to grow, which means the EBO group is also likely to do well in the future. Making EBO group a very good investment through Sharesies. The current share price of the EBO group in NZ$22.
3. Freightways (FRE)
Freightways New Zealand has made itself an integral part of the companies supply chain network. Through its strong network Freightways have made strong relationships with their customers, this allows them to perform exceptionally well, and pay more dividends to its investors. Also we believe that the growth of the e-commerce logistics industry will flourish, even more, making Freightways a good investing option through Sharesies. Currently their share is being traded at NZ$6.6.
4. Mainfreight (MFT)
Mainfreight gets the 4th spot on our list. MFT has one of the highest % of returns to shareholders in New Zealand. This should be enough to consider investing in MFT. MFT has a wide portfolio of companies operating in its umbrella, because of this wide portfolio they can fend off losses, thus making them a safe investment through Sharesies. The current share price is NZ$ 36.31.
5. Meridian Energy (MEL)
Meridian occupies our last spot. MEL is supposed to be New Zealand’s largest electricity producer. They use 100% renewable sources as per their energy model. MEL is a good investment because the world is now moving towards renewable sources of energy because of its benefit over the nonrenewable sources. These growth prospects make MEL a feasible investment option on Sharesies. The current share price is NZ$4.3
Final words
Investment has been made easy through online platforms such as Sharesies, but as an investor it is very important to gather all the data available to make an informed decision which will result in higher profits. The stock exchange is a highly speculative form of investment, involving a lot of risks, so to mitigate risks it is important to invest in companies that are likely to perform well.