sell

How to sell shares on commsec will be available soon

this is a beginner's tutorial on how to

sell shares through the comsec

platform i'm going to show you how to do

this on both the desktop version

and the mobile version what is happening

everybody welcome to this video

if you don't know who i am and you're

new to the channel my name is justin and

i make a bucket load of videos all about

stock market investing

and personal finance you should

definitely subscribe to my channel

because i produce a lot of content

but this video is specifically about how

to sell shares

through comsec on both the desktop

version of the site and the mobile app

and the reason i'm making this video is

because i wish i had a resource like

this available to me

many years ago when i first wanted to

sell my first lot of shares

so this video i'm just going to break

down some terminology the sell

page on comsec just to help you

familiarize yourself before you're ready

to sell your first lot of shares

now there's just three pieces of

housekeeping before i get started with

the video

the first one is that all the timestamps

to the different parts of the video

will be below in the description as well

as on the little bar thing that's

playing the timer so you shouldn't be

able to miss it and you can skip back

and forth to each part of the video

alternatively if you miss a little bit

tap j on your keyboard or double tap on

the back part of the screen

if you're on your iphone or something

like that and that just rewinds 10

seconds to ensure that you do not miss

the thing that i have to say

the second thing is if this video helped

you absolutely destroy

that like button so it can also help

other fellow investors out there who

need a little bit of a helping hand just

like you

third thing i'm not a financial advisor

and this is not financial advice these

are just things i wish i knew before i

wanted to sell my first lot of shares

you should always go onto comsec website

and get all the answers you need from

that platform it's time for me to

disappear

into one of the corners and help guide

you through a step-by-step tutorial

on how to sell shares on comsec if

you're looking at how to buy

shares on comseq well lucky for you

because i made a video just on that

which i will leave linked at the end of

the video

as well as in the description below

without any further ado

let's get into it thanks for joining me

at my computer let's get on

with the video and go through a

walkthrough on things i wish i would

have known when i was looking to sell my

first lot of shares

via comsec i'm going to start with the

desktop version then i will move to the

app now when you first log in you'll see

this page it just has a few graphs and a

bit of site news and things you need to

know about your investments and what's

going on

in the market once you click trading

this is where you buy

and sell shares now a little bit of

jargon pops up on the screen when i

first saw this i was like

what does it even mean so i'm going to

go through a few things that help me

unravel some of the terminology and the

layout

that made me a little bit more

comfortable when i looked to sell my

first lot of shares

first and foremost we see account now

i'll blank that out so you can't hack my

account and do anything like that

you'll see that there then you're faced

with order type now the next thing

you'll see is order type now in this

instance i'm looking to sell

shares so it's pretty self-explanatory i

would pick

sell in red can't miss it next thing is

code what are we looking to sell which

shares are we looking to sell now for

the purpose of this tutorial

i'm going to use after pay as the

example

now i actually don't have any of units

of after pay to

sell this is just a mock tutorial on

things i wish i would have known

when i was looking to sell my first lot

of shares via comsec

what pop what populates after you select

the shares you're looking to sell

is a couple of tables here on the right

there's

bid offer and last bid is the price at

which buyers are

wishing to pay for the stock offer is

the price at which

sellers are wishing to sell the stock

for and the last price

is the last price it was traded at below

there is

market depth at market depth so you can

see just the volume of buyers and

sellers and prices out there on the

market

it's always good to look at now as you

can see i don't

have any units of afterpay to sell but

i'm going to continue to walk through

the process to help

understand the terminology on the page

what's great with comsec

is they have nice little info cards here

on the left that also guide you through

this process

process and they should always be

referred to when you're at this part

of the selling process always look for

comsec and see what they have to say

quantity or value that's what we are

faced with now

basically do you want to sell x amount

of units of afterpay or do you want to

sell x amount of dollars of

after pay so i was like you know what i

want to sell

quantity so i'm going to enter 100 in

this box meaning that i want to sell

100 shares of afterpay if i had it

obviously next you're faced with price

limit

or at market if we hover over the little

infographic here we can see

for sales enter the lowest price you're

willing to receive for each share

or at market is to buy or sell at the

available prices

in the market now it's important to know

that at market will not be accepted

outside of market hours

for this tutorial i'm just going to

select at market to make it nice and

simple meaning that

i will sell these shares whatever price

they're going for at the market you

might have a different strategy for your

investments

so import it's important to understand

those investments and understand the

limit that you'll be setting on your

investments if you were to go down that

path

next is the time frame we want to set

for our investments

in my case i was like do i want this to

expire at a certain period of time

which limit orders are valid for 20

business days

or do i want to make it good for the

date in my tutorial here

it says which one should i do now i'm

going to select good for day because

what i want i'm just going to sell these

at the market so i want this to be

executed

as soon as possible as soon as it can at

the market price

bank is going to get done straight away

however you might have a different

strategy you might set a price limit and

that means you can set

an expiry on it within 20 business days

you may be like you know what i think i

want to sell it for this price but i

want it to expire

after that date that i've selected on

screen if it's not executed by then the

order will be null

it'll be gone and then you have to redo

it again but it's just important to

really

understand that step for the purpose of

this tutorial

in my opinion for this tutorial i'm

going to select good for day

the last step is the settlement type we

have two options chess sponsored or

issuer sponsored

srn so if we go over to our little

infographic

chess sponsored are if the shares you

want to sell are held in your comseq

account

issues sponsored are shares that are

held with the share

registry now you can sell these on the

contact trading account all you have to

do is enter the

srn when you place the trade which would

go

in right here so it's important to

understand what the type of shares are

and how you're wishing to sell them when

you do that move

for the purpose of this tutorial in my

opinion i am selecting chess sponsored

now what we've done we've pretty much

done the the main steps that we need to

and we'll see here that our order

estimate has populated

so we're looking at the total here and

remember we always have to

pay a break reach fee whether you buy or

sell shares you always have to pay a

brokerage fee

on comsec it varies between the amounts

that you're looking to sell so for

example if i want to sell

10 units of afterpay my brokerage is

10 if i'm looking to sell 100 units of

after pay

brokerage is 20 if i'm looking to sell a

thousand units of after pay for a cool

76 thousand dollars i'd be paying nearly

100

in brokerage fees so it's just important

to weigh that up in your investments and

understand how brokerage fees works

now the last thing we want to do is hit

proceed now this will bring us to

a final confirmation page just to go

everything

over everything and make sure that we

have dotted our eyes and crossed our t's

so i'm going to check over my sell order

here

yep that's me i'm selling afterpay 100

units at the market

good for day they are chess sponsored

that's the the rough value

that's the brokerage fees and then the

total there

and so once i'm done and once i'm happy

with

my sale order that i'm about to send out

into the market

i hit submit submit order and the magic

people in the background

take care of the criteria that i've set

in my sell order

and that's it that's all i did when i

sold my first lot of shares

via comsec now this did trigger a

taxable event

which i'll touch on at the end of the

video so make sure you stick around for

that

but now let's talk about how to do the

exact same process but using the mobile

app

now the process for selling shares on

the mobile app is much the same as what

we just went through on the desktop

version

select more down the bottom and hit

trade this then populates the

series of information that we need to go

through

i was looking to sell after pay in the

example so that's what i'm going to use

here so i hit sell

the code is after pay apt

i select next and now it has populated

with

the tables that we saw on the screen but

is populated here bid volume bid price

offer price and offer

volume plus the price it was last traded

at

and the change for the day we're then

faced with

two options quantity or value so for the

purpose of

this tutorial i'm going to select

quantity and i'm looking to sell 100

units of hypothetical after pay shares

that i don't hold

next up is price so do we want to set a

limit for our sell order

or do we want to sell them at the market

price

what i'm going to do for this tutorial

is just select

market the second last thing is the

expiry time frame good till expiry or

good for

day for the purpose of this tutorial and

what i'm going through here with

afterpay

in this mock sale is good for day

because i've got market price set

so when it just gets put out there into

the market tomorrow

it'll get sold and executed because it's

just going at the market price

last thing is the settlement is it chess

sponsored or issuer sponsored

this instance i'm using chess last but

not least literally just hit review

order and then it populates the

confirmation page of

everything that we can triple check to

ensure that we're selling exactly what

we wanted

now i'm going to double check i have to

pay 100 units at the market

expiry yep and that is the brokerage

cost and everything that i need to know

once i'm happy and when i wanted to sell

my first lot of shares

hit submit order and then i just waited

for the market to take care of itself

now those are just a few things that i

wish i would have known before i sold

my first lot of shares the most

important thing that i learnt when

selling shares is that it

executes a taxable event no matter if

you make money

or lose money it executes a taxable

event now it's super crucial and

very important to go speak to a

professional to see how selling shares

impacts your personal situation it's

what i did

it helps you sleep at night it is the

best thing you can do when selling

shares

because just remember i'm not a

financial advisor and this is not

financial advice

this was just things that i wish i would

have known when i looked to sell my

first lot of shares

thanks for watching i hope this video

helped guide you through the process of

how to sell shares

on comsec please give the video a like

if you found a little bit of value

and subscribe for more content my name

is justin

thanks for watching once again i'll see

you in the next video

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