Australian (ASX) Stock Market Forum

# Young person interested in stocks

#### aik

hey I was wondering if I bought \$500 of wow stock at \$24 per share and the shares went up 0.54 % today what amount of profit would i make i know it sounds like a stupid question but just starting to learn about stock market. also what books do you guys recommend to expand my knowledge

#### tech/a

##### No Ordinary Duck
hey I was wondering if I bought \$500 of wow stock at \$24 per share and the shares went up 0.54 % today what amount of profit would i make i know it sounds like a stupid question but just starting to learn about stock market. also what books do you guys recommend to expand my knowledge
Basic Math 101
Don't forget to deduct your
Brokerage

#### minwa

Don't be a lazy ass, the time it takes you to post 2 posts of the same question and start a thread on the forum you could've googled "how to calculate profit on shares" and read them.

If that's too much effort I would not recommend you read any book.

#### RowanC

Hey aik

So if you had \$500 worth of WOW and it went up 0.54% that means 500 x 1.0054 = 502.7 or \$2.70 profit.

As tech says keep in mind if you are paying commissions at the like of Commsec, you are paying around \$40 commission to enter and exit a position - so that's significant on \$500 worth of stock.

Take a look at the ASX site. It's quite good for education when starting out.

Good luck.

#### minwa

So if you had \$500 worth of WOW and it went up 0.54% that means 500 x 1.0054 = 502.7 or \$2.70 profit.
At \$24 he can't buy \$500 worth. He can only buy theoretical (excluding commissions) max of 20 shares which is \$480 worth.

#### RowanC

At \$24 he can't buy \$500 worth. He can only buy theoretical (excluding commissions) max of 20 shares which is \$480 worth.
Spot on minwa. There's a lot of barriers to trading and investing when you can only buy 20 shares

#### BarneyChambers

Spot on minwa. There's a lot of barriers to trading and investing when you can only buy 20 shares
It's also worth considering that with such a small amount of money it is going to be difficult to make any decent amount of money in the short term!