Minimum trade $
I understand there's a $500 minimum to buy shares, however does that $500 have to be for one specific product (probably), or can you put $250 into one and $250 into another? Thanks in advance
Posted Sep 19, 2019, 8:57 AM UTC
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my opinion you are better off investing minimum 2000 per trade, fees take up a decent chunk of the minimum $500 put.
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Mr money bags over here with $2k 😤 but nah you're probably right
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What he means is that you're better off saving up a bit longer to get to the 2k and then dumping that in at once. Assuming a $10 brokerage fee, buying $500 worth means you're already down 2% from t=0.
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Yeah I was thinking that, although with the CommSec app at the moment I was looking at the ASX200 ETF anyway and it's a $2 fee which isn't too bad. I might wait for atleast $1-2k for the other one I was looking at though which is in the US
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Basically its worth saving the money until the expected gains outweigh the expected fees.
There is actually some decent calculators out there where you can put in your expected return, investment amount and fees, and it will spit out how frequently you should invest.
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you looking at ASX? no real minimum on the US markets.
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One of both actually, is the $500 minimum specific to the ASX is it? Wack
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yep, no real US minimum. ASX has minimum parcel size for stocks.
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Heh, i thought this was going to be about upgrading cars
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on the ASX $500 minimum for each share e.g. you need to buy TLS shares in $500 amounts. If you want shares in 2 different companies you need over $1000.
Sweet, thanks for the reply!