in this video i'll show you how to use
comsec to easily buy and sell shares
let's get straight into it alrighty so
i'll be using the desktop version of the
complex platform for today's
demonstration you can also use the
comstag app on your smartphone but i'll
save that for another video also i have
left timestamps down below because i'll
be showing you how to register an
account with comsec and a few other
important things but if you're here just
to see how to buy and sell shares then
no problem at all please feel free to
skip ahead so before we can start buying
and selling shares on homsec we first
need to register a comsack account so
let's go to the comsack website like so
and let's click join now and it'll take
you to this page where they explain in
three simple steps on how it all works
so one you join comsec and set up a cdia
account which i'll explain more shortly
two they're currently doing a promo
where you can make 10 free trades before
31st of january 2023 so if you're
watching this video after that date they
may not have this promo anymore or maybe
they have a better one now and three
you'll get access to trading insights
which is comsex research tool and i have
to say it's probably the best platform
for researching stocks in australia but
more on that later in the video let's
click get started and we can begin the
application so are you already a comset
customer if you're watching this video
then probably not so select no if you're
a combat customer do you have a netbank
client number so you can click yes or no
depending on if you're already a
customer but i'll click no for now how
would you like to trade now if you're a
beginner i would highly recommend
selecting with my own money unless
you're a very experienced day trader i
would recommend you stay as far away
from margin as possible select which
account you'd like to open for most
people it will be individual but if you
have a partner then you can choose to
select join but that just means you'll
be both taxed equally 50 50. so i'll
just select individual for now then it
will bring you to the summary page of
things you should know before you start
so all applicants must be over 18 and
must provide the following information
your personal details so probably like
your driver's license or passport an
australian residential address a valid
email a current mobile number and tax
residency information for australian and
overseas in terms of how you fund your
trades you have two options you can open
a commonwealth direct investment account
or cdia for short this is just an
account designed specifically for
comsack it's free to open an account so
if i were you i would just sign up as
you can see with a cdia account you can
get cheaper brokerage fees so they
charge you ten dollars for trades up to
one thousand dollars 19.95 for trades
over one thousand and up to ten thousand
29.95 for trades over ten thousand and
up to twenty five thousand and once you
go over twenty five thousand they will
just charge you a flat rate of point
twelve percent now the other option is
to find your trades from another bank
account of your choice however as you
can see it will cost you a lot more in
brokerage they'll charge you 29.95 for
any trades below 10 000. in any trades
over 10 000 they'll charge you a flat
rate of 0.31 so quite clearly if you
don't have a cdia account it'll be much
more expensive for you so i recommend
just signing up for one now they will
ask you for your personal details and
you can fill this out pretty easy it's
just like filling out any other
applications so you should have no
issues at all then at the bottom here
they will ask you if you want to apply
for a cdia or use another bank account
and i'm guessing most of you would
prefer to open a cdia account so let's
just select that and click open cdia so
now they're asking where are you a tax
resident so if you're from australia
then just select australia or if you're
from overseas or a combination of both
then just select the one that best suits
you then i would choose to enter my tax
file number but you can choose to
provide it later if you wish now they
are asking for your permission to
provide your bank details to your share
registry so that your dividends can be
paid there a share registry is basically
a third party that helps you organize
how your dividends are paid so you can
choose to receive it in cash or order
reinvested to buy more shares which also
has its own advantages i've made a
separate video about this which i'll
link down below if you're interested so
let's just tick this and click confirm
then they will ask you to do a quick
online id check this should be very easy
and it's just to verify that the details
you provided match the id you have on
record like your driver's license or
passport so go ahead and click continue
and once you have passed that check you
should be taken to the step three page
where you can review and submit your
application now it could take three to
five business days for your account to
get approved if you're a combat customer
it could be quicker but just be patient
they should eventually approve your
application so once your application is
approved let's log into your new comsack
account you can google comsack login to
get to this page and let's log in so
let's start on this main page now i'm
going to show you how to buy a stock in
a minute but let's start on the main
page if this is your first time you may
feel intimidated by all the information
on the screen but don't worry about it
it's not as complicated as it seems so
as you can see there are a few tabs you
can select like view holdings view watch
lists recommendations and manage orders
so you can see the performance of all
the market indices on the side here
market indices are just a bunch of
hypothetical portfolio of investment
holdings that represents a certain
market segment for example the all
ordinaries represents the top 500 of the
largest australian companies which is
similar to the s p 500 which represents
the top 500 companies in the united
states then you have other indices like
the dow jones and the nasdaq which along
with the s p 500 are the three largest
and well-known us indices you also have
the ftse 100 which is the top 100
companies listed on the london stock
exchange in the uk and you also have a
few asian indices so i would encourage
you to take your time and get familiar
with some of the information on this
page to get a better understanding of
the global stock market all right here's
the moment you've been waiting for
you're probably keen to see how to buy a
stock so let's do it you need to come to
this box here and search for the stock
you want to buy so let's use vas as an
example since it's a very popular etf so
there it is vanguard australian shares
index etf okay so i'll quickly explain
some of these stats that you see on the
page here so you have the current share
price here this is a live price so if
the asx was open right now it could
change every time you refresh but since
i'm filming on a friday night this is
the set price for the day then you have
the bid and offer so the bid is how much
other people are willing to buy the
shares from you and offer is how much
other people are willing to sell the
shares to you just remember when you buy
or sell shares there is another person
on the other side you're buying or
selling from so if you're interested in
buying the share you look at the offer
price and if you're interested in
selling the share you look at the bid
price i'll explain more about this later
on then you have your open high low and
previous close so open is the price of
the first trade for the trading day so
it's pretty much the price that the
shares opened at the high is the highest
price that the share got during the day
and the low is the lowest price the
share got during the day and the
previous close is what the share price
closed at the previous day then you have
the 52 week high and low so 52 week high
is the highest the share price has been
in the last year and the 52 week low is
the lowest the share price has been in
the last year so now let's click buy and
it will take you to this trading page
where you can set up your buy order now
you have an option to either buy the
shares in quantity or by dollar value so
with quantity you can select how many
shares you want to buy so say you want
10 shares of vas then you enter 10 then
you can either set a price limit or buy
at market price i would recommend using
the price limit because you are more in
control of how much you pay for the
shares so if we look at the offer price
of 87.50 that is the minimum price that
your order will be accepted so let's set
the price limit at exactly 87.50 and if
i were to click proceed and hit confirm
that order should go through instantly
however let's go back a few steps the
reason i don't like to use at market
price is because the system will just
buy the best available price for you and
i find that sometimes it's a bit higher
than the offer price however i am just
nitpicking here because i do admit that
i am a cheapskate when it comes to
things like this i want to get the most
out of my investment but i'm sure you do
as well and for this option here you can
pick an expiry date for your buy order
or you can select good for the day with
the expiry date you can actually set the
date up to a month later this function
is useful if you want to buy the shares
at a particular price so say you only
wanted to buy vas at 85 per share then
you can change the price limit to 85 and
set the expiry date to a month later so
if you look down here at the order
estimate you can see the order cost 850
plus 10 of brokerage for 10 shares of
eas let's go back to the dollar value
because maybe you want to buy based on
how much money you have say you have one
thousand dollars to invest so let's
enter one thousand dollars it will then
run down to the nearest units you can
afford so it's saying you can buy 11
units of vas for 935 dollars including
brokerage let's say you have 1 200 to
spend so we'll change the dollar value
it will now round up to 14 units since
the order value is over 1 000 the
brokerage is now 19.95 so if you don't
want to pay the extra brokerage just for
a few more shares then you can change it
back to 1 000. so if you're happy with
this you can click proceed and it will
take you to this final page you can
double check if you're happy with
everything and then click submit order
and that's it that's all you have to do
and now you just have to wait for your
order to go through like i said if you
want the order go through instantly then
you can change the price limit to the
offer price and once the order goes
through homstech will email you a buy
order confirmation and congratulations
you just bought your first stock go your
little rockstar now since i'm filming
this on a friday night when the
australian stock market is closed i know
this order won't go through and since
i'm only showing you as an example i
don't really want to buy this so i'm
going to click manage order then i'll
click select action and click cancel
then they'll ask me if i'm sure i want
to cancel so i'll confirm cancel order
then this should automatically cancel
before the asx opens again the next
business day which is monday now the
unique thing about comsec is their t
plus two settlement so basically a t
plus two settlement is a standard
process in australia where the t
represents the trade date when your buy
order got filled and plus two is the
number of business days you get before
settlement so t plus two basically means
trade date plus two business days so
what differentiates comsec from other
online brokers is that you don't
actually need to have your money in your
account on the day you buy your shares
you just need to have the money sitting
in your cdia account two business days
after your trade date on settlement day
other australian brokers will not allow
you to buy until there is physical cash
sitting in your account even though they
won't take the cash until two business
days so that's something to keep in mind
i would personally recommend you have
the exact amount of money plus brokerage
fees already sitting in your cdia
account before making a buy order
because it's very easy to forget okay so
while we're here i'm gonna show you how
to sell shares so let's search for vas
again and this time we're gonna click
sell you'll bring it back to this
familiar page and everything is pretty
much the same except this time we are
selling so it's telling me that i own
267 units of bs which i can sell so
again you can either choose to sell in
quantity or dollar value to make this
example easy i'll just enter 10 units
and for the price limit we can have a
look at the bid price which is the
maximum amount other people are willing
to buy your shares for now of course you
don't have to put the bid price you can
choose to sell your shares for 90 per
unit and put a one month expiry date and
if during that month the share price
goes over 90 the sell order will
automatically trigger but for this
example i'll enter the current bid price
of 87.46 then you can choose your expiry
date if you wish again this can be up to
a month but this time i'll just select
good for day and for this part you don't
need to worry about it because all
complex shares are chess sponsored which
is a fancy way of saying the shares you
buy for com sec are directly under your
name which is a good thing not all
online brokers have this feature so
there's another positive thing about
comsec so if you look at the order
estimate it's very similar to when we
did the buy order they charge you ten
dollars brokerage to sell since the
order value is under one thousand
dollars so if i change the quantity to
12 shares then the brokerage would be
19.95 so let's change it back to 10
units and if you're happy with
everything click proceed then again it
will take you to this final order page
where you can double check everything
and if you're happy to receive then
click submit order the trade should go
through instantly if you chose the
current bid price or selected market
value and if you choose a higher price
limit you can wait up to a month for the
sale order to go through and that's it
my friends it's as easy as that let's
now look at some other features that
commsec offers you can see these
different tabs up here and since we've
already seen the home page let's click
on portfolio this is a page which shows
all the shares that you own with comsec
i have blurred part of my screen for
privacy reasons so i do apologize for
that i just don't want you guys coming
in and copying my trades without any
research so i hope you understand but
you may have noticed there are two
accounts here and that is because i also
have a comsack pocket account which is
like the baby brother of comsec and i
have made a separate video about concept
pocket which i think is a great platform
for beginners i'll link it down below if
you're interested in learning more and
if you do have a contact pocket account
then it will appear here alongside your
homestack account so let's move along
and click on watch lists here you can
create some watch lists of certain
stocks or etfs you want to track for
example i've created a watch list to
track some random etfs you can see them
all lined up here and how they perform
today and it seems like it wasn't a good
day for etfs but say you want to create
a brand new watch list to track the big
four banks for example you can do this
by clicking on add watch list then click
edit and change the name to big4 banks
then you can start adding them one by
one
[Music]
so i know most of these stock codes off
by heart but if you don't then you can
type in their full name and they'll find
it for you so for example let's enter
westpac and there you go so the stock
code or the ticker symbol as it's also
called is wbc and click save and there
you go you can now track how the big
four banks are performing every day feel
free to play around with this as it can
be very useful if you are researching
certain stocks in a particular sector
let's move on to quotes and research
this is a page where you can do your
research on whatever stock is on your
watch list i won't go over everything as
it will take too long for one video but
as you can see this page provides a high
level summary of what's happened in the
pre-market or in other words what's
happened overnight then you get a
summary of what's happened today during
10 am to 4 pm which is the time the asx
is open these are live data so if you're
looking at this page when the market is
open it will constantly be changing then
you can look at the post market review
which summarizes everything that's
happened for the day and how stocks have
performed you can also move into sectors
which breaks down different types of
market sectors like energy materials
industrial consumer discretionary and
staples and so on and if you click
quotes here it will bring you back to
vas which we were previously looking at
and on the summary you have a table of
all the buyers and sellers if the market
was open it will show the live data on
how much and how many shares were bought
or sold over the course of the day the
announcement tab shows all the important
announcements that the company wants to
share with their investors so you can
have a look through these for example
this one is about how much dividend
vanguard is going to pay their investors
for the most recent quarter if we look
at the charts it will show you how the
stock has performed over a set period of
time this one is showing one year but we
can change that to three years five
years ten years or even since inception
date you might be wondering what the
second line is and that is just a simple
moving average which represents the
average price of vas over a specified
period and if you don't like it you can
remove it here or you can even add
another stock to compare with vas so
let's select afi which is a stock made
famous by the vehicle investor that
tracks a similar portfolio to vas and as
you can see the child is telling us that
their performance has been very similar
for the past decade then you have
distributions which shows the dividend
information including how much dividend
will be per share and the dividend pay
rate this can also be found on the
vanguard website but it's nice to see
everything in one place then you have
performance and risk which is pretty
self-explanatory and you have holdings
which shows a breakdown of what vas is
made up of which is quite visually
pleasing and that's about it i'll leave
you to explore the rest of these tabs
yourself otherwise this video will go on
forever and i do recommend once you do
sign up to comsec go through the
platform and familiarize yourself with
all the functions because it's one of
the best platforms to do stock research
and analysis also just a disclaimer this
video is not a recommendation to use
comsec i'm not sponsored by comsack nor
do i have any affiliation with them i'm
just making this video to show you how
to use comsec since it's such a popular
platform and i get asked about it a lot
also i am not a financial advisor and
this video is for educational purposes
only so please use the information i
provide today to do your own research
and make your own decisions and there
you have it my friends this is how to
use comsack to buy and sell shares i
hope this video was helpful for you and
if it was please give it a like so you
can help out more people also be sure to
subscribe to my channel if you haven't
already because i make a ton of personal
finance videos just like this one and
you don't want to miss them and if
you're keen to learn more check out
these videos on the screen and until
next time my name is brian and i hope
you make a lot of money
[Music]
you