what's up guys so in today's video i'm
going to be talking about how you can
buy and sell shares through the comsec
brokerage platform to get started with
buying and selling shares through comsec
you have to set up basically two
accounts the first is a brokerage
account listed here under australian
shares and the second is a cdia account
a cdia account is effectively a net bank
or any other regular bank account that
you use as part of transferring funds to
and from comsec what this allows you to
do is buy or sell shares through the
concept brokerage platform where the
money from buying and selling shares
gets both paid into and deducted from
your cdia account respectively to
transfer funds into your cdia account
once it's all set up you just transfer
the funds using the bsb and account
number from there when you do eventually
go to buy and sell shares it will then
automatically be linked back to the cdia
in which case it will be credited
accordingly now before we make our very
first trade in comsec it's important
that you understand the fees and charges
that are involved with buying and
selling shares these are referred to as
brokerage fees and you can find them
here on the comsec website really the
main thing you need to look out for is
the trade execution fees uh in this top
row here these are the feeds that are
associated with buying and selling
shares online when you are using your
comsec or cdia account on the right hand
side here we have the brokerage fee
depending on the size of the trade that
you're executing in this instance a
brokerage fee will cost 10 and that's if
your trade value or the total amount of
shares you're purchasing or selling is
up to and including a thousand dollars
anything over a thousand dollars and up
to ten thousand dollars inclusive you'll
be charged a one-off brokerage fee of
19.95
anything over ten thousand dollars and
up to twenty five thousand 000 inclusive
you'll be charged a lot of brokerage fee
of 29.95
and then anything beyond that where the
trade value is over 25 000
you'll be charged
0.12 of that particular trade value
these values are automatically
calculated and applied by comsec when
you go to buy and sell shares there are
other costs here that i've never had to
deal with in my five years of using
comsec effectively these costs are
essentially to do with if you're linking
your settlement to another bank account
for your choice buying shares over the
phone or using deceased estates or third
parties to trade shares in which case it
obviously costs more money so for
example if you wanted to buy trades over
the phone as opposed to just executing
it on the concept platform which is the
top row you would be paying these fees
respectively which are obviously a lot
higher than these fees simply because um
they have to employ someone to execute
trades on your behalf okay now we've got
that out of the way the next thing we'll
look at is the settlement period it's
important that you have a very good
understanding of what the comsex
settlement period means because this
will have big ramifications if you don't
have the available money when you go to
execute a particular trade what comsec
has is a two-day settlement or what they
refer to as t plus two t plus two is a
process whereby if you execute a trade
on a monday the money isn't deducted
from your account straight away it's
actually deducted from your account two
business days later so the money is
taken out of the cdia account on the
wednesday if you bought shares for
example on the friday then the money
will be taken out of the cdia account on
the tuesday so remember it's two
business days again you bought shares on
the thursday that would mean the money
would come out on the monday as well it
is important to note though that with
this you can technically sell your
shares before the settlement date on
wednesday if you do that then what they
will do is they will effectively credit
you the difference or deduct the
difference let's say for example that i
bought shares on the monday uh for a
total value of ten thousand dollars and
then on tuesday go to sell those shares
for a total value of fourteen thousand
dollars most likely then on the
wednesday or the thursday i will um only
receive four thousand dollars in my bank
account as an example of these fees that
you can see here with comsec let's say
that you bought ten thousand dollars
worth of shares so you'd have to pay com
sec ten thousand dollars plus twenty
dollars in brokerage fees so effectively
paying ten thousand and nineteen dollars
and ninety five cents if you were to go
on and sell those shares at twelve
thousand dollars then you would be
credited twelve thousand dollars minus
thirty dollars in applicable brokerage
fees because now the value of your
shares is worth more than ten thousand
dollars and it's within this range here
what that means is that you'll have a
total profit of two thousand dollars
minus the brokerage that you've paid
which is now almost fifty dollars me
giving you a net profit of one thousand
nine hundred and fifty dollars and ten
cents okay so now we're ready to place a
trade on com sec in order to place a
trade on comsec we need to know the
stock ticker code of that particular
company that we want to buy or sell
shares in every company that's listed on
the asx has its own unique three letter
ticket number or ticket symbol let's say
for example we want to buy bhp if i
wanted to buy shares in bhp i'd click on
up here and i'd search hp this is giving
me bhp group limited which is the name
of the company and the asx code bhp i
click on that and it takes me through to
this page here on this screen here we
are provided with a whole bunch of
information about the hp group limited
at the top here we've got the name of
the company the asx code and the sector
that they are in materials we also have
the last price of bhp in australian
dollars in this instance it's
41.25 below that we have how much that
has changed from the previous trading
day's closing price what that means is
that for today bhp climbed 33 cents
compared to the value that it was the
previous day that change is an increase
of 0.81 to the right of this there's a
whole bunch of stuff that we don't
really need to worry about but below
that we've got summary announcements
charts dividends recommendations and so
forth the only thing that you really
need to worry about here in this menu
bar is most likely the announcements if
you click on the announcements what this
will do is it will give you a list of
all of bhp's recent company
announcements to the asx these
announcements could include things like
their dividend distributions for the
year as well as their full financial
year results as well comsec will tell
you whether these updates are also
market sensitive by giving each
announcement a market sensitive
notification or not what market
sensitive means is that the announcement
that bhp is making to the public and the
asx could potentially impact the price
of the bhp stock for example they
recently released to the market an
announcement that there was a merger
with the woodside petroleum or this
other example where they provided a
preliminary final financial year report
if you want to have a more in-depth view
of the chart you can click on charts
here and this will present you the price
of bhp over the specified time period
that you want in this instance i can
view the price of bhp over the last year
and i can also see there is a line here
which is the average line as well the
more hard jagged line is the actual day
trading price of bhp and it's showing me
that the latest price is 41 and 25 cents
if i scroll down more there's volume
this effectively just indicates how many
trades were executed on that particular
day where there was buy or sells so you
can see up here that there was uh one
particular day where 25 million shares
in bhp sold and that almost always
correlates with a drop in the share
price of a company because we can see a
lot of red here that also means that bhp
has dropped quite significantly recently
you can as well look at the dividends
tab here this will show you how much
bhp has paid in dividends and what this
will do is it will give you a final and
interim dividend type as well
effectively the difference between final
and interim is when the dividends
effectively get paid final dividend
types are almost always larger than
interim dividend types for australian
companies you also get franking credits
and in this case um the dividends are
100 frank which gives you some tax
benefits as well it effectively means
you pay less tax on the dividends that
you receive from bhp there is some more
stuff that you can look at here such as
recommendations from professional
research companies including goldman
sachs and morningstar i wouldn't
recommend that you read these because
they are very detailed reports and it
will be difficult for you to understand
them i would if you just have a chance
do your own research to understand a bit
more about whether bhp may or may not be
a good investment there's some other
things here like about just effectively
some details of the company forest
forecast and trends potentially the
forecasted earnings over the next few
years trade history which is showing how
much the share prices change effectively
it's the same as the charts here just
provides you with a full table
financials and then derivatives don't
worry about derivatives that's only if
you're buying options which is not
covered in today's video okay so back on
the summary page this is really what we
need to worry about when we go to buy
and sell shares in bhp below the summary
page we have a table here which shows
the number of buyers and the number of
sellers buyers here on the left hand
side are the number of buy orders for
bhp so we can see here that the top buy
order is for a thousand bhp shares and
the price to buy those shares is at
41.25
there are other people in the queue here
that are wanting to buy bhp shares at a
lower price than 41.25
such as for example 41.20 or 41.16
because these buy orders are lower they
will appear further down in this table
and their trade will not get executed
until these trades up here get executed
first all of this is happening
sequentially on the flip side of that we
have the sell orders and what this is
saying is that there are 2 500 shares
someone is willing to sell for a price
of 41.33
again this is at the top of the queue on
the sell side because this is the
cheapest sell price what we can also see
is that there are other shares that
people are willing to sell in bhp such
as for example 41.50 50 cents because
that's more expensive than 41.33
it appears lower down in the sell order
because this is only going to get
executed once the cheaper shares are
bought for just the right of this we
have orders orders essentially provides
you with some more in-depth data of the
price chart here so here we can see each
volume of shares respectively at each
respective price course of sales is
effectively then a full trading list of
each and every trade that was executed
at this particular time so for example
we can see earlier on in the day maybe
at 3 55 pm there was a price executed at
41.19
for 39 shares for a total value of 1606
that means that someone bought the
shares for this amount of someone who
was selling the shares for that
particular amount so now that we're
ready to buy and sell shares we just
click up here buy and what this will do
is will now take me through to the place
order shares box here it will show you
the account that you're wanting to buy
the shares for and the order type that
you want to have either you want to buy
the shares or you want to sell the
shares you won't be able to sell any
shares if you don't currently own any
shares in bhp so let's say in this case
i want to buy bhp shares when i go to
buy bhp shares i'm provided with a quote
for those particular shares quote on the
right hand side is displayed here we're
given the bid the offer and the last
trade price the bid is the amount of
money that someone is willing to buy the
shares for and an offer is the lowest
amount of money that someone is willing
to sell the shares for last is when the
shares were last um traded at and then
some more information here that you
don't need to worry about again we've
got that display of the buyers and
sellers that was shown on the previous
uh list of order executions we already
inputted the asx ticker code which is
bhp and we know that because it's got
bhp group limited here and then in this
instance all i need to do is select the
number of shares that i want to buy
let's say i want to buy 200 shares in
bhp in this case i can either elect to
buy 200 shares of bhp or alternatively i
can select the total value of the trade
that i'm going to spend in this case i
might only have ten thousand dollars
that i want to spend on these particular
shares once i've done that i then need
to set my price limit or alternatively
my order at market what the price limit
is is the price of that particular share
that you are willing to buy for so let's
say in this instance i do want to go
ahead and i want to buy 200 shares in
bhp but i don't want to pay the current
price which is 41.25
instead i want to pay 41
and 5 cents what that means is that when
i go to place this order i will have to
pay a total amount of 8 29
but my trade will only get executed if
someone is willing to sell to me their
bhp shares 200 bhp shares for 41.5 cents
if no one is willing to sell me their
shares for that amount of money then my
order won't get executed i simply
won't have any shares to buy and
therefore the trade doesn't get executed
that's why below here we have this
expiry date the expiry date is saying
how long do i want to keep this order in
the market for and you can keep the
expiry date on for quite a while in this
case we can have it until next monday
the 11th of october and what that means
is that my order for 41
and 5 cents will remain in the market
until monday at 4 pm in which case then
the market closes
after that time my order will cease and
the trade won't get executed you can
select the how long you want to keep the
order in the market for by selecting the
date in this calendar here alternatively
i can click on good for the day and what
that means is that when i'm executing
this trade on a weekday when the market
is open between 10am and 4pm if it gets
to 4pm monday to friday and the trade
hasn't been executed then i won't
receive any shares alternatively if
someone is willing to sell me their
shares at this price before the market
closes then the trade will get executed
instead of setting a price limit what
you can do is instead clicking at market
and what this will do is it will give
you an at market price for bhp and your
trade will be automatically processed at
whatever the current market price is
that's effectively whatever the lowest
sell offer price is which in this case
is 41.33
because today isn't trading hours we are
provided with the total cost because we
can't execute the trade outside of
trading hours if we did want to proceed
though we'd then click proceed and then
what it would then do is it would allow
us to place the particular order so
let's say in this instance i want to buy
robo which is the etf what i can do is
i'll input in the ticker code robo and
it's going to give me the latest bid
offer and the last sale price and i want
to buy 190 shares i'm then told that the
order value is
and nine hundred and twenty nine dollars
plus a brokerage they have thirty
dollars and then the total cost which
includes the order value and the
brokerage cost to be sixteen thousand
nine hundred and fifty eight dollars
then i hit proceed and i execute the
order now that i've placed an order for
robo what i can do is i can now click
back on the holdings part of my
portfolio and within this i can see my
full list of shares that i currently owe
on the left hand side here we have the
code in this case robo and we have the
number of available units which is 190
units that i currently own it shows the
purchase price and the last trading
price of robo and how much that has
changed change dollar and the change
percentage is calculated from the
previous trading days close so again
what this is saying is i currently own
190 shares of robo i purchased those
shares at this particular price 91 and
15 cents per share and the last trader
price of robo was 89
and 10 cents today's change it increased
by 67 cents per share and that change is
a 0.76
increase to the right of that i've got
my total profit and loss the total loss
that i've made on this robo trade is
and 94 960.94 that means that overall
i'm down
5.37
as a loss current market value is how
much my 190 robo units are worth and in
this case it's 16 929 and then finally
we have the value change dollar this is
how much they have increased in today in
value as of raw dollars so today my robo
shares went up by 127
and 30 cents the other thing to note as
well is that the total profit and loss
section here of your share portfolio
also takes into account how much you've
paid in brokerage fees so in this
instance whilst i'm down 960 dollars and
94 cents this also includes the 30 in
brokerage fees that i had to pay when
buying 190 shares of the robo etf what
that means is that in order to return a
total profit i need to ensure that my
trade value has increased to an amount
that's beyond the original brokerage fee
that i paid for them these would have to
increase in value by another 960 dollars
lastly as well whenever you go to check
your share portfolio by logging into
comsec you will see both today's change
and your total profit and loss pretty
self-explanatory but this will show you
how much your total portfolio has
changed within that particular trading
day and this is showing you overall how
much your portfolio is up or down so
that's it from me guys leave a comment
if you've got any questions regarding
how you can buy or sell shares in comsec
the only other thing to point out is
that you can also create watch lists as
well watch lists effectively allow you
to have a record within comsec of shares
that you are interested in buying and it
allows you just to see their ongoing
price in a single place for example i've
got a watch list here of all of these
asx companies including cba rmd and anz
for example these are companies that
i've always been interested in buying in
at some particular stage and therefore
as a result i can create a watch list
just to see what their price is doing
saves me from having to manually search
up cba every time i want to see the
price of cba so that's it for me guys
thanks again for watching and leave any
questions in the comments cheers