Australian (ASX) Stock Market Forum

Young person interested in stocks

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
 

tech/a

No Ordinary Duck
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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
Basic Math 101
Don't forget to deduct your
Brokerage
 
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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.
 
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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.
 
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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.
Spot on minwa. There's a lot of barriers to trading and investing when you can only buy 20 shares :)
 
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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!
 
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