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Stockpicks

How to buy stocks in the Australian stock market

March 7, 2021 by Reporter Leave a Comment

stock market crash with covid and stock picks recovery

The current stock market is in turmoil with a lot of volatility in share prices here in Australia, however there is a growing number of people who think getting in now could be profitable for them in the long term. So how do you get into the stock market ? How do you buy shares to take advantage of the current stock market tumble.

There are two different ways that you can get into the stock market  and buy and sell shares

1. Sign up with bank share trading account that allows you to buy and sells shares

2. Sign up with a stock broker that specifically allows you to buy and sell shares.

There are other ways to buy shares like buying a bunch of blue-chip stocks or buying an ETF (which is also buying a bunch of shares) – but we will come to that later.

Banks as a stock trading buy and sell platform

Most big banks allow you to sign up with them for a stock trading account so that you can buy and sell shares. If you are already signed up with one of them, just enquire with them. Here is a list of banks that facilitate stock trading

1. Commonwealth bank ( Comsec – their share trading platform)

comsec trading australia

2. National Australia Bank ( Nabtrade – their share trading platform)

nabtrade

Below we give you further details about brokerage fees these bank charge and also prices for some popular dedicated share trading platforms.

How much money do I need to start trading the stock market?

Technically, there’s no minimum amount of money needed to start investing in stocks. But you probably need at least $500 — $2,000 to really get started right.

How do I make money in the stock market?

There are many ways to make money in the stock market, however the most simple method to understand this is when you buy a share today that cost you $500 , but its worth tomorrow is $600 and so you sold it – then you just made $100

To break that into much more realistic detail and give you an example

Eg. Say you got $500 to invest

Westpac bank shares are $15 each today, so you bought 32 Westpac shares

32 Westpac shares X $15= $480 + (add $10 bank fees for buying)

Total cost is $490 to buy the shares

Three days later (or six months later), there is a bit of recovery and Westpac share price rises and is $20 each share.

You had bought $32 shares earlier; you sell it today for $20 (that’s a $5 increase in the share price)

32 shares x $20 =$640 – $10 bank fees

You have $630 from your sell

Sell price $630 – Bought price $490 = Your profit $140

The bank does not charge you anything for holding the shares, but charge you for each buy and sell, which bring us to our next point -broker fees.

Now say if that investment was $5000 instead of $500 your profit could be $740 in one trade

How much does it cost me to buy and sell shares?

stocks to check

Every broker and every bank have different set of prices for buying and selling shares. It really comes down to ease of use, broker fees and availability of stocks to trade on each platform. Here is short comparison of some top bank and broker fees

Share trading fees – Banks

Commonwealth Bank – Comsec Fees:

For shares under $1000 in value – $10 each transaction

For trades between $1,000 and $10,000 – $19.95 each transaction

This is called the brokerage fee

Website https://www.commsec.com.au/support/rates-and-fees.html

National Australia Bank – Nabtrade Fees:

Up to and including $5,000 – $14.95 each transaction

From trades between $5,000.01 – $20,000 – $19.95 each transaction

Website https://www.nabtrade.com.au/investor/pricing

Share trading fees – Brokers

Two popular brokers apart from Banks are Self wealth and Ig markets. They both allow trading in Australian stocks as well as international stocks and CFD.

Self-wealth trading fees:

Brokerage fee for every trade, regardless of size – flat $9.50 (Only Australian Shares)

self wealth trading

Website https://www.selfwealth.com.au/online-trading/

 

IG markets Trading fees:

Trading Australian shares – $8 per trade or 0.1% whichever is higher

For US markets – US$10, or 2 cents per share

ig markets australia

Website:https://www.ig.com/au/charges

With IG markets you can do Australian and US stock market trading and also trade in CFD’s for which you have to sign up separately with them.

Other share trading platforms worth mentioning are ANZ share trading, Bell Direct and CMC markets.

Other new low brokerage share trading platforms introduced lately   is superhero, Raiz & Comsec pocket.

Most banks and stock trading brokers provide additional data and tools for company and stock analysis, creating watchlists, setting price alerts, creating specific set price buys and more. Features offered can differ from platform to platform.

With Comsec and Self wealth – All trades are CHESS sponsored

There are two ways for shares to be held:

CHESS Sponsored Shares – Shares that are registered with a stock broker (CommSec or another broker). CHESS Sponsored Shares are allocated a Holder Identification Number (HIN) by the broker.

Issuer Sponsored Shares – Shares that are managed by the issuer of those shares via the issuer’s Share Registry. Issuer Sponsored Shares can be traded through any broker, providing conditions set out by that broker are met. Issuer Sponsored Shares are allocated a Security Reference Number (SRN).

In reality it does not make much difference to your trading profit, if it is chess sponsored or issuer sponsored.

Risky Stock Trading with penny stocks

There is a difference between big companies and small companies (smallcaps) and with small companies come more risk in comparison with blue chip stocks like BHP, Westpac.

Some traders can get lucky and pick a small company stock that can become a winner.

Take for example FMG – Fortescue Metals Group (iron ore miner)

This stock was once trading for between $2 and $3 – Today the price is $10

Say you dropped $5000 when it was $2, so you got 2500 shares of FMG

You sold it when it reached $10 today x 2500 shares=$25,000

You just made $25,000 from $5,000, however this is very rare- though people have gotten lucky with their stock picks and made money.

FMG was once a small cap with lot of debt and considered risky, but now they have paid up their debts and are considered much safer than they were before.

ETF’s

Another popular method of buying into shares right now is called ETF’s . With buying an ETF you have options like buying into a group of shares  where you can also invest by putting money in a regular basis  as low as $50 a month/week. Some providers/brokers also allow you to invest  in ASX 50 or a lumpsum into a group of blue chip stocks.

ETF’s are available through bank trading platforms

Learning how to trade the stock markets is essential, before you decide to have a punt on your hard-earned money.

The stock market can make you money, but it can also take your money and put you at a loss. Doing dummy trading, joining stock trading groups and researching companies for three to six months is a good idea before jumping right in. Good luck!

Article written by Jeff – I blog about stock trading – Check my stock market blog over here

Filed Under: Australia, Finance, Mining, NT, Perth WA, Stock Market, Sydney, Victoria, WA Tagged With: BANKS, Money, Stockpicks, Trader, Trading

Trading Signal Services: Evaluating Your Options

September 18, 2013 by Reporter Leave a Comment

We all want to make money trading the market and trading signal services seemingly make that a lot easier. You simply follow the trading signals provided and (ideally) make a shed load of cash.

trading analysis forex signals

But with so many people offering trading recommendations, who do you choose? First and foremost, you need to make sure that the individuals at the company are reputable.

Trading Analysis Signals and performance

Lookup people of interest on LinkedIn, check their endorsements and true work history. Google their name and see what you can find out about them. If possible, also try and arrange a catch up with them over the phone or in person to really get to know them.

In addition to that, you’ll also want to look at past performance. Although past performance isn’t necessarily a guide to future returns, it’s a damn good indicator!

You’ll want to see performance going at least 18 months back. Furthermore, check to see if the return figures have been externally audited. For individual and “small traders”, that may not be possible. However, they should provide some way for you to verify their claimed returns.

For example, if they provide Dow Jones forecasts they should show the past recommendation documents that backup their analysis, gains and losses. Although it may be tedious, look back at market prices to see if in fact they did make the gains that they claim.

The third key feature to evaluate is the “trading style”. Do they aggressively trade in and out of markets? Or do their positions last a few weeks? If their style doesn’t match your style or what you’re looking for, move on. Signing up to a Forex signal service that provides 20 updates throughout the night can become overwhelming if you’re just getting started.

And finally, evaluate their process. One of the reasons why Madoff got away with his elaborate trading scam for so long is because people didn’t question his trading strategy. Ask questions, understand the process and if things seem too good to be true, they probably are.

Filed Under: 2013, ASX, Finance Tagged With: Forex trading, Markets, Stock Market, Stockpicks

Stock market Picks : Toxfree

March 9, 2013 by Reporter Leave a Comment

A 33 % jump in net profit definitely signifies  a positive outlook for a company and tox free ( waste management and industrial solutions ) should be happy in the direction  they are going.

Toxfree Solutions Ltd (Toxfree) is  a integrated waste management and industrial service provider,  who provides sustainable waste management solutions for all types of waste including commercial, household, industrial, construction and hazardous waste..

“Tox free” has reported a jump in profit of $10.5 million for the first half of the financial year and its shareholders  are pleased with the results.

tox free solutions waste management

Website:www.toxfree.com.au

Toxfree share price:  $3.450
(Updates every 20 minutes)
Click here for full details

Tox free is a WA owned company and it revenue has risen to 43 percent  to 131.6 million with earnings  before interest, tax ,depreciation and amortisation up 39 % to 28 million

They have over 30 facilities nationally and employing a team of over 800 people and service over 20,000 customers nationally

Tox free has also been lucky with expansion into  the coal seam gas industry in Queensland  as a result of its acquisition  of Absolute Liquid Waste services  earlier which is based in towoomba, which has also added to its rapid growth.

The company has performed very well this year and is in great shape to extend its winning run of earnings growth into the current financial year.

Links

31 December 2012
Toxfree Half Year Results – period ending 31 December 2012

12 December 2012
ASX Announcement Acquisition Absolute Waste – 10-12-2012

http://www.asx.com.au/smalltomidcaps/asx.pdf

More midcap stocks and penny stock picks can be found at  australianpennystocks.com

Liability disclaimer : Advice received via the Australian business times web Site should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice tailored to your situation.

Filed Under: 2012, ASX, Finance, Stock Market, Stockmarket Tagged With: Stockpicks, Tox free, Waste management

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