Young person interested in stocks

aik · 12 October 2016

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 · 12 October 2016

aik said:
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 · 12 October 2016

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.

RowanC · 12 October 2016

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 · 12 October 2016

RowanC said:
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 · 12 October 2016

minwa said:
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 · 15 November 2016

RowanC said:
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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