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