Hi guys and girls,
Im new to investing. Ive opened up my first index fund with vanguard last week to use as my retirement fund.
Now I also want to do some active envesting myself. I have just opened up my CommSec account and want to buy some shares. I do not have too much money to play with, maybe around 200-300 AUD. I would like to buy some BHP, CBA or RIO Tinto shares... now Do I just simply log on to CommSec, then find the CBA shares (which are around 60 bucks a share) but around 4-5 of them and thats it? I want to hold onto them for a bit so when I sell them I want them to cover my brokerage fee (19 bucks I think from CommSec) and also make some money back.
Is this how it pretty much works out?
Also are the broker fees upfront and deducted from your streamline account or do you pay them after you sell the shares back?
Once again sorry for this newbie thread but any help would be greatly appreciated.