How do Shares (australia) work?
hi,
Lets say I have $200 000.
1 Rio Tinto Share costs $100, and i buy 2000 shares.
After two months, the price of 1 Rio Tinto rises to $140.
So after the two months I flog my shares, does this mean I have profited $80 000 ($280 000 - $200 000)
This is excluding brokerage, and due.
Is this right, or do I need to know something else?
Thanks
Answers: that's right and that how the share trading works. but be sure to take notional interest and other expenses also while calculating profit
That's right.
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Lets say I have $200 000.
1 Rio Tinto Share costs $100, and i buy 2000 shares.
After two months, the price of 1 Rio Tinto rises to $140.
So after the two months I flog my shares, does this mean I have profited $80 000 ($280 000 - $200 000)
This is excluding brokerage, and due.
Is this right, or do I need to know something else?
Thanks
Answers: that's right and that how the share trading works. but be sure to take notional interest and other expenses also while calculating profit
That's right.