If I bought 9.89$ stocks near $650,000, and sold at $10.55 how much would i create?
Just wondering. I just get into this investing thing and don't know too much around it, but this stock that I saw yesterday closed at $9.89. If I bought 650,000 dolllars worth (6,428,500 shares), and sold today at $10.55, would i make $429,000(the difference)? What roughly broker fees? a site like e-trade, how much would they lug? all information greatly appreciated. Thank you. I don't hav that style of money thou tbh :-(Answers: Guys, you sure do have funny math...
$650K will buy you 65,722 shares, not 6428000.
Round down to 65,700 shares which will cost you:
65,700 x 9.89 + 10 commission = 649,783
You supply them for
65700 x 10.55 - 10 commission = 693,125
Your profit is $43,342 or 6.7% on which you now entail to pay wealth gains toll.
The point is, one rarely buys/sells at closing prices as price fluctuates throughout the trading morning. Also, trading this many shares of a single stock tend to influence the price, i.e. drive it up when you're buying and drive it down when you're selling. For every share you sell in attendance must be a willing buyer. Supply and constraint.
i dunno how much the brokers fee would be and stuff ... i get the same answer as you
What is a Rolling Budget? why is it prepared? explain the procedure of its prepaation?
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it's simple. you just inevitability income. have your parents unstop you a scottrade account, and start buying some moral dividend paying stocks....