Australian (ASX) Stock Market Forum

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1. go to casino

2. put $700 on black

3. profit.

:D


I'm not sure why you've picked MBL, but if you are unfamiliar with the market and/or the actual stock you are considering to buy, my previously suggested method would probably be a better idea. :)


Also, as previously pointed out, the brokerage costs would make a $700 trade very uneconomical. Let's say, it's $30 to buy in, and then $30 to sell out. That's $60. Your stock would then have to gain almost 8.5% just to cover the brokerage.


So, for now, I think the best idea would be to stick the cash into a high-interest account. Try to save up a bit more before putting the money into the market, and, in the meantime, learn as much as you can. I find that this forum is a great place to learn as well. There are plenty of high quality intellectual discussions where you can gain perspectives of different viewpoints. And, of course, you can always ask questions too, and most of us would be more than happy to assist. :)


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