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How many minimum shares?

Discussion in 'Shares' started by KP, 13th Nov, 2007.

  1. KP

    KP Member

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    I am new to investing, i like to know if there is any limit on minimum number of shares we can buy in any listed company?

    Is there any optimum number of shares one can suggest for starters?

    Thanks
    KP
     
  2. crc_error

    crc_error The Rule of 72

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    min limit is 1 share!

    an option contract is min 1000 shares. in US its 100.
     
  3. Tropo

    Tropo Well-Known Member

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  4. DaveJ

    DaveJ Well-Known Member

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    I thought there was a minimum 'parcel' of shares to trade?? For example $500 worth is the minimum amount you can purchase?

    Anyway with brokerage around $20 minimum it would be beneficial to trade in a reasonable parcel to offset the purchasing (and selling) costs of the transaction...

    Have a read around Stock Market Education Online Australia - Invest in Share Market - ASX website.... LOTS of information
     
  5. samaka

    samaka Well-Known Member

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    Minimum $500 if you don't already own shares in the same company.
     
  6. Simon

    Simon Well-Known Member

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    I don't think it is worth spending any less than $2000 on each shore. Don't buy too many different ones either.

    As a starter I personally think that if I had $10K I would rather buy two different companies at $5K each rather than 5 @ $2K.

    As your comfort levels grow and your portfolio does then you can start to raise your personal minimum. I currently wont spend les than $50K and I look forward to when this is $1M on any one share :)

    Ciao,
     
    Last edited by a moderator: 13th Nov, 2007
  7. Ems

    Ems Member

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    Hi All,

    I'm pretty new to shares too and am looking to invest $5k and was thinking of buying into 5 companies going for $1k in each!

    I am thinking of CBA, WOW, NAB, JBH and BHP!

    Can anyone give any suggestions on the above? I'm new to all this so any advice would be much appreciated.

    Cheers
    Ems
     
  8. samaka

    samaka Well-Known Member

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    Your going to be paying 5 lots of brokerage - so that's $150 gone. If your going to be regularly investing thousands dollars each time then maybe buy a single lot of shares each time.

    Alternatively you might want to buy an ETF instead - diversification over the ASX200 for example.
     
  9. archangelsupreme

    archangelsupreme Well-Known Member

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    sorry what's an ETF.

    I'm also a newbie to share investing and am worried about brokerage costs as well.

    Should i go for share packs such as the CommSec one?
     
  10. Simon

    Simon Well-Known Member

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    I would just buy two companies tops. I like WOW and NAB as being good long term holds. BHP has always been popular too.

    I am cetainly not dismissing your other choices, they are all solid companies.
     
  11. Ems

    Ems Member

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    Thanks Simon!

    Yes I think I will definitely go for WOW. We had to sell some of these back in Feb to fund the deposit on our PPOR and wished we hadn't. They were given to my husband by his grandfather back when they floated so have had great gains.

    I will think about the other one and go in with the two.

    I was looking at the commsec share packs but wasn't too keen on some of the companies they have picked. Although I'm a newbie so what do I know! They are the experts.

    Cheers
    Ems
     
  12. Bantam Roosta

    Bantam Roosta Well-Known Member

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    Perfect reason not to listen to them.

    BR
     
  13. Tropo

    Tropo Well-Known Member

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    Spot ON !!!!!!:p:p:p:p