From: "John A. Weeks III"
Newsgroups: misc.invest.financial-plan
Subject: Re: How do I know if I will make any money selling?
Date: 22 Apr 2004 13:35:04 GMT
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=3FUx
In article , jm
wrote:
> Anyway, If I pay $100 for a set of shares and then pay $7 for the
> trade fee, then I have paid $107. How much do my shares have to go up
> before it makes sense to sell, because I have to pay $7 again, when I
> sell.
This is the reason that I do not suggest buying individual stocks
unless you have a large enough sum of money to (a) buy a
deversified basket of stocks and (b) have enough funds to buy
stocks in large enough blocks where the commission is trivial
in comparison. Until you get there, check out no-load mutual
funds, especially those that track one of the major indexes.
-john-
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John A. Weeks III 952-432-2708 john@johnweeks.com
Newave Communications http://www.johnweeks.com
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