How to sell shares australia
HOW TO SELL ASX SHARES (Beginner tutorial for selling shares or ETFs on the ASX with Westpac)
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hey guys welcome back today we're going
to be taking a bit of a look
at the westpac online trading platform
and trying to figure out how to sell a
stock okay i've had a few questions
coming up on a couple of my videos on
how to sell a stock
it's pretty self-explanatory but today
we're going to be breaking it down super
easy steps
we'll touch on just quickly how to buy a
stock and then we'll focus more on how
to sell a stock
finding the timing on when to sell a
stock that's the tricky part we're not
going to be discussing that in great
detail in this video we're just going to
be focusing on how to sell a particular
stock or etf if you're wanting to sell
out of that position
and we're going to be using the westpac
online trading platform as an example
but this
is can be taken across any other trading
platforms that you use especially in
australia new zealand they're all very
similar
so if you use asb in new zealand um or
if you're using com bank in australia or
anz or whatever the particular trading
platform they're all very similar so you
can take
the knowledge that you'll learn from
this video and take it into any other
sort of trading platform
as well if you've got any questions or
anything i'll cut it off on today guys
drop it in the comments below and i'll
do my best to help you out with that
said let's jump into today's video
alright guys some over on my westpac
online
investing platform here and today we're
going to be talking about how to sell
either an etf or she is in a particular
company
we're not going to be breaking down why
you should be selling or anything like
that i might make another whole video on
reasons why you may want to sell or not
want to sell
but let's say for whatever reason you're
wanting to sell liquidate some of your
position
in order to pay a bill or something
along those lines so what we're going to
do it's very similar to
buying a trade but today we're going to
be selling i've had a few people um ask
in the comments and a few questions how
do i sell so that's what like i said
that's what we're going to be talking
about today
so we're going to open up trading and
we're going to go place order and this
is very similar across
all platforms are very similar to this
but like i said for today's example
we're using westpac online
but if you were trading on the asb
securities in new zealand or through
combank
or anz or something similar very similar
sort of layout but like i said today
we're like we're using the westpac
so we're going to scroll down here like
we were going to buy a equity or a etf
so rather than buy we're going to be
clicking this little tab here that says
sell
so here we need to write in the ticker
code so we need to know whatever the
particular company
or etf is that we're going to sell today
we need to know what that two code is
usually it's a three letter
symbol today we are going to be selling
vas which is vanguard australian shares
etf
units by no means is this a
recommendation or anything like that
but this is a great etf that tracks the
australian
index tracks the top 300 companies and
has minimal management fees coming in at
0.1
so not a bad etf if you want exposure to
the australian share market
so let's say that we're wanting to sell
some either our whole position or maybe
part of our position
so we type in the code there and then we
see here over to the right this is
actually
just confirms whatever it was so hang on
a minute that's maybe i've made the
code wrong that wasn't what i was trying
to sell so that just also sort of pops
up to confirm
that it is what you're trying to sell
then we need to put the quantity in all
the value
today we're just going to be looking at
the quantity so let's say you needed two
thousand dollars and you just put
two thousand dollars in there worth or
if you wanted to sell out your whole
position then whatever that may be
but today we're just going to say we're
selling 20 units of vas
so we put 20 in there now here this is
the tricky part this is depending on if
you need to sell it
like right now or if you you know you
want to get a particular price this is
where you sort of come in with that so
if we scroll down here
down to the bottom right here we can see
this is what it's currently trading at
at 1 40 p.m wednesday 31st of march um
so there's the code vas the current bid
is 88.3 cents
um the offer was 88.32 and the last was
88.3 so that's what the last trade was
and this is currently so the market's
open so with you just want to sell it
the market you just want to liquidate it
be done with it then you just click
the at market and then that will
automatically trade the minute you press
proceed that will go through
and trade that for you but let's say
that you wanted to sell it at
eighty five dollars or no no not say 85
let's say 89 was the price that you
wanted to set
then you can either set the expiry or
just set it good for the day as well so
this is another thing
if they say i want to hold this open for
two weeks or whatever it may be then you
just click on this little calendar tab
here
click through to the date that you're
happy to go with so let's say the 14th
and if it gets to 89 then that trade
will action and then you will sell those
particular
shares or etf units at that time
um and then also it says here this is
the order value so this is how much you
will be receiving
um after the brokerage costs as well so
that's the order value coming in at 1780
minus the brokerage cost of 1995.
whatever particular fund um or brokerage
account that you use may be slightly
different some may be only ten dollars
something along those lines or twenty
dollars like it is here with westpac so
the total that you will receive
if it gets to the eighty nine dollar
price target will be one thousand seven
hundred and sixty dollars
and five cents so then you will just
proceed i'm not going to proceed with
this trade but i'm just giving you guys
the rundown there on how to sell if
you've got any questions on anything
i've covered off on you guys drop in the
comments below i know this is pretty
self-explanatory especially if you're
pro and you've been doing this for a
number of years but for a lot of people
this could be their first time
buying or selling so can be a little bit
daunting you don't want to put in the
wrong thing
i hope i've explained everything there
in enough detail like i said if you've
got any questions or anything drop in
the comments below and i'll do my best
to help you up
all right guys we're going to wrap that
one up there right guys i hope that's a
bit clearer on how to sell a stock like
i said
selling a stock is not something that i
do a hell of a lot i genuinely try and
invest for the long term
but if you're buying and selling you
know on it on a daily or weekly basis
then this is something you need to learn
um but look at something that i try not
to do at all really is sell any
positions
and it's nothing i've never really sort
of done any active day trading or
swing trading or anything along those
sort of lines it just doesn't sort of
fit to my particular investing strategy
um i don't invest you know to to make a
short gain sort of thing
and you've also got to think about the
tax implications around this especially
in australia and new zealand
um you know if you're selling positions
within uh or in australia let's say if
you're selling positions within less
than a year
um you'll be in court with the full
capital gains tax well if you hold it
for just one day over that year
then you have a 50 reduction on the
capital gains that you will pay so
that's something to be reminded if
you're thinking about buying and selling
um equities just you know if have you
made a big gain or maybe try and look at
holding it for just longer than that
year and you only have to pay 50
um on the capital gains there so but i'm
not
i'm not an accountant by any means
that's just something that i've learned
along the way but definitely do your own
research around that as well
um but like i said guys if you've got
any questions anything i covered off on
today drop it in the comments below and
i'll do my best to try and help you out
i hope this video was of value for you
remember if you did enjoy the video guys
be much appreciated
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um subscriber mark which is super cool
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recently much appreciated guys with that
said we're going to wrap that one up
there today guys
enjoy the rest today and we'll catch you
in the next video cheers guys
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