I say put the $5k in a solid blue chip like WOW, WES, BHP or RIO. Splitting the $5k among too many stocks will just kill you in entry and exit brokerage fees - expect to pay $60 to buy and sell a share on a $1,000 purchase. That's 6% lost to transaction fees alone, ie more than the dividend you get in a year.
alternatively you can speculate in smaller companies but be prepared for the prospect of losing half, or even all of your investment.
- Forums
- ASX - General
- complete beginner to share market - questions
complete beginner to share market - questions, page-25
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)