It’s a been a wild few weeks on the Australian share market.

We’re currently deep into Reporting Season, the time of year when Australia’s companies front the market with their financial statements.

As in every year before this, there has been some good, bad and downright ugly results.

While some ASX shares tanked, I’m pleased to report the Rask Invest portfolio performed well. Our smallest ASX investment idea reported record results, which was good to see.

Video: 5 Things I Look For Before I Buy

We recorded the video above to explain the way I go about identifying shares for my portfolio.

I wanted to record it for two reasons.

Firstly, I think it provides important insights into the way I invest and complements the free investing eBook which all Rask Investor Club readers have access to (download it here).

Second, sifting through countless financial statements this month, every so often I found myself asking, “who would buy shares in this company?!”

Some of the companies on the ASX have poor growth profiles and un-aligned management teams. Despite that, some of them trade at eye-watering valuations.

It’s scary to think many investors are being led down the garden path to buy shares in these businesses.

Fortunately, with a handful of tricks, which I outline in the video, I think many investors may be able to avoid being caught up in some of these potential traps.

Cheers to our financial futures!

Owen Raszkiewicz

Lead Adviser, Rask Invest

Disclaimer: This article contains general information only. The information does not take into account your objectives, financial situation or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. Remember, investing in anything involves risk and you nay lose money. Past performance is not a reliable indicator of future performance

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