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Looking: Broker to buy at fixed price not above or below

Discussion in 'Brokers' started by seven7, May 14, 2018.

  1. seven7

    seven7

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    I am looking for Broker to buy at a fixed price. Not above OR below that price.
    For example if I wanted to buy at $1 I don't want to pay 99c or 1.01.

    Does anyone know of Broker that offers this service?

    I am doing this to participate in a Bonus share Plan and buying in at one price keeps taxation simpler after many years down the track as CGT doesn't need to be separately alocted for each Bonus Share.
     
  2. HelloU

    HelloU

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    Not an answer to ur question as I cannot........but some thoughts entered my head...
    1. your cost base stays the same bit the quantity of shares will change over time, so your 'neat' calculation quickly requires a calculator anyway.
    2. Imputation changes.
    3. If ur broker data is real time for 'sellers' then you have a pretty good idea of who is trying to sell what, to get the cost base u seek as a buyer.
    Hope someone can give u an answer to ur actual question.
     
  3. seven7

    seven7

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    1. Much less effort if all the same price...you might need a calculator but I wouldn't!
    2. No! Bonus shares have no imputation.
    3. Maybe but I am not a 'maybe' investor so not applicable.

    You need more real life experience before giving advice.
     
  4. HelloU

    HelloU

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    *but
    there, that should fix up my previous post.....
    was never giving advice just throwing some thoughts out there as I know that if you do a phone execution with any broker they will trade to ur requirements (if the trade is possible) thru 'centrepoint' or 'trade' by talking thru ur options including block conditions. Soz to have wasted ur time.
     
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