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Young person interested in stocks

Discussion in 'Beginner's Lounge' started by aik, Oct 12, 2016.

  1. aik

    aik

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    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
     
  2. tech/a

    tech/a No Ordinary Duck

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    Basic Math 101
    Don't forget to deduct your
    Brokerage
     
  3. minwa

    minwa

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    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.

    Start here: http://www.investopedia.com/ask/answers/05/stockgainsandlosses.asp

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

    RowanC

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    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.
     
  5. minwa

    minwa

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    At $24 he can't buy $500 worth. He can only buy theoretical (excluding commissions) max of 20 shares which is $480 worth.
     
  6. RowanC

    RowanC

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    Spot on minwa. There's a lot of barriers to trading and investing when you can only buy 20 shares :)
     
  7. BarneyChambers

    BarneyChambers

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    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!
     
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