OK this is probaly a stupid question but how can I trade an index? For example I want to buy S&P/ASX All Ords (Gold) [XGD]. Can I do this through direct broking. ?
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OK this is probaly a stupid question but how can I trade an index? For example I want to buy S&P/ASX All Ords (Gold) [XGD]. Can I do this through direct broking. ?
Having a look into Aussie ETF's would be a good start
Isn't investing in an ETF just giving your money to someone else to manage? If that's true, aren't you just lining their pocket?
Kinda takes the fun out of it. :(
Is is alright to sell a share before settlement? Like a single day between buy and sell? Im guessing its ok so long has the money is there in the bank.
Bob,
I use the National Bank Share and Bond Trading online service and I am often selling shares on the same day as I get my buy order filled.
So when you ask "Like a single day between buy and sell?" I am doing it minutes after the buy.
As soon as I see my order go through I am placing a sell order.
I use an odd number of shares, i,e 10,127 shares, so I am pretty confident that when a sale goes through at 10,127 it is probably mine. It gets a bit tricky when it is made up of 2 or 3 trades. but the completed trades show up on my 'completed trades' screen.
Hope that helps.
Have a good weekend
Bob,
Further thoughts on this: you say "Im guessing its ok so long has the money is there in the bank."
That only becomes an issue when you buy, not when you sell.