Good mornig everyone, As I am still learning about investments and etc, Please, I would like to understand a little bit better the Compount Interests. how can you get compound interests?
Is it a technique that you can use? or Are there specific plans from Banks, or shares, or options, or ETFs that you can get Compound Interests easily? The reason I am asking: I have been using CommSec to buy shares, I see that I am not able to get compound interests by buying shares and selling them.
If I buy shares, I need to pay $10 brokerage fee. If I sell I need to pay $10 brokerage fee. From my profits I would have been already -$20 in fees, and then if I decide to invest this profit again and buy more shares I would have to pay again $10. it would be -$30. It does not make sense. I want to get my profits, dividends or anything that I receive and invest again automatically, so I can easily get this compound interests.
Where it would be the place place to get that? Thank you so much.
