Hi all,
I am new to this game and am just trying to clarify (settle the voices in my head) a few things. I have recently opened a sharewatch account; I know but said I would give them a go! I have yet to invest any money but have a small amount (~2.5K). The way I see it is:
1. Buy shares @ (for arguments €1.00) in "X"
=> 2500 shares in "X"
=> Pay fee at .3% (€7.50)
=> Do you also pay 1% gov tax on the €2500??
2. Share price for "X" goes to (fingers crossed but again hypothetical) €1.50
=> 2500 shares at €1.50 = €3750
=> Pay fee at .3% (€11.25)
=> Pay 1% tax (€37.50)
=> Cost of deal (fee + tax) = €48.75
Deal worth
=> €3750 (selling price) - €2500 (initial investment) - €48.75 (Fee) = €1201.25 (33% profit!)
Again, values are fanciful but if you could have a look at the above and tell me if I am missing something I would really appreciate it!
Strat_640
I am new to this game and am just trying to clarify (settle the voices in my head) a few things. I have recently opened a sharewatch account; I know but said I would give them a go! I have yet to invest any money but have a small amount (~2.5K). The way I see it is:
1. Buy shares @ (for arguments €1.00) in "X"
=> 2500 shares in "X"
=> Pay fee at .3% (€7.50)
=> Do you also pay 1% gov tax on the €2500??
2. Share price for "X" goes to (fingers crossed but again hypothetical) €1.50
=> 2500 shares at €1.50 = €3750
=> Pay fee at .3% (€11.25)
=> Pay 1% tax (€37.50)
=> Cost of deal (fee + tax) = €48.75
Deal worth
=> €3750 (selling price) - €2500 (initial investment) - €48.75 (Fee) = €1201.25 (33% profit!)
Again, values are fanciful but if you could have a look at the above and tell me if I am missing something I would really appreciate it!
Strat_640