So i figure it will take me some time before i can pick some new upcoming stocks so i will take the advice of some the members here and jump on the big companies because although i described them as boring i figure its safer and will introduce me into the world of shares in a better way opening the door for future trading Vanguard is above my initial investment of 1500 they want 5000 so i will pass for now. How much will a broker cost Im not sure how long it will take for robinhood to come to australia which is how i think i will go about things.... so for now im looking at finding some good dividend paying stocks... woolworths has been talked about here alot here so how are they in comparison to other large companies in dividend yield??? and if i bought 55 woolworths shares how much would the broker charge on average? Thanks again for all the help
You don't need a broker. You set up a Commsec or Etrade account online. They will probably give free trades to new members. After that you are looking at $20 per trade.
Do your own research. That will give you more insight into the process and make you more comfortable in taking informed decisions with your own money.
$20 per trade is alot overall especially since your stock is only going to pay you $1.5 per year if your lucky, so you really need to buy alot of shares in one trade to make it worthwhile yes? I really prefer silver to all this i make a much better percentage but im still going through with it just to learn if nothing more thanks for the input... so how do i find the best dividend paying companies??
Metcash (MTS) is at a 14 year low but it has a 12.1% yield and an ex div date coming up in June. P/E 6.03, P/B 0.73 Commsec charge $29.95 a trade (buy or sell) I personally hold MTS
I am thats why im asking questions here aswell as 5 other tabs open looking at stocks and a youtube talk going on in the background
Not the answer you want but I would save up for the 5k and start up a vanguard fund and then open a demo account with a broker that you can blow up/ gamble with and familiarise yourself with the trading platform and the mechanics of making a trade instead of heamoraging money in fees.
That will drop. Their most recent earnings report don't reflect the fall in the oil price. They were reporting a massive cut in the dividend from memory.
maybe have a look at asx codes: arg ,afi, dui, aui, mlt and all of their websites great info IMO for the new share investor www.argoinvestments.com.au
Ok so based on my beginner lack of knowledge research metcash hits woolworths for six since it earns 4x more in dividends.... Stuff it im supporting my workmates....
Hah. There are restrictions around buying/selling shares in a company where you work. You might want to look into that before you buy shares.