MYSTATE (MYS) Shares

ABOUT MYSTATE

MyState Limited, an Australian financial group, was founded in 2009 and has its headquarters in Hobart, Tasmania.

It is the non-operating holding company for a diversified financial services group, and a leading provider of banking, trustee and wealth-management services through its retail brands, MyState Bank and Tasmanian Perpetual Trustees.

The company was established through the merger of Tasmanian Perpetual Trustees and MyState Financial in 2019. Tasmanian Perpetual Trustees was established in 1887 and was the only private Trustee Company authorised to operate in Tasmania.

In 2011, it purchased Queensland-based Rock Building Society. Its largest division, MyState Financial renamed itself MyState Bank (MyState after having received authorisation from the Australian Prudential Regulation Authority to do so.

MyState Limited and MyState Bank Limited are regulated by the Australian Prudential Regulatory Authority. Today, the company employs approximately 400 people across its operations.

OVERVIEW OF MYSTATE

• MyState Limited focusses on the provision of banking, trustee and wealth-management services. The company conducts its operations through three primary segments: Banking Division, Wealth Management Division, and Corporate and Consolidation Division.
• The Banking Division’s portfolio comprises lending, encompassing home loans, overdraft, personal, line of credit and commercial products; transactional saving accounts and fixed-term deposits, and insurance products. Wealth Management offers funds management, trustee and financial planning services.
• MyState Bank is an Authorised Deposit Taking Institution (ADI) that operates primarily in Tasmania. Its services comprise personal, business and residential lending; Internet and transactional banking; insurance and other alliances, and investments and savings.
• Trustee services include estate planning; trust and estate administration; power of attorney, and custodial and corporate trustee.
• Wealth management services on offer are managed fund investments; private client services, and portfolio administration services.

VISION & VALUES OF MYSTATE

• MyState is passionate about making a genuine difference to its clients and communities every day. It believes that it success should be mirrored in its communities’ well-being.

• It pays special attention to the youth and engages in initiatives that offer them opportunities to learn and grow.

• The company’s business ethos is deeply engrained in core values such as respect, inclusion, accountability and respect.

• This makes it a trusted choice among clients and shareholders who purchase company shares.

MARKET PERFORMANCE OF MYSTATE

• MyState Limited trades on the Australian Securities Exchange (ASX) under the stock symbol MYS.
• For fiscal 2019, the company recorded total operating income of US Dollar 120.4 million. The contribution of its banking business to profit was US Dollar 25.9 million.
• Customer deposits also increased to US Dollar 3.7 billion.
• This strong performance affords shareholders the confidence to buy or sell company shares in the expectation of solid dividends and returns.

Buy MYSTATE stocks / shares – A Step by Step Guide how to Buy / Purchase MYSTATE 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 MYSTATE 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 MYSTATE 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 US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 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 MYSTATE 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 MYSTATE 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 MYSTATE 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?