<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > Share Purchase
 

Share Purchase

August 30th, 2017 at 08:35 pm

After I received a dividend for my QBE shares in April, I slowly started saving for the purchase of the next parcel. Then I got to thinking in August about how lax we have been with saving lately and transferred 10% of my pay over to the investment account.

This meant I had enough to buy the next parcel, which I did last Friday, for a total of $554.95.

I originally wanted 1000 QBE shares but I originally started buying them in December 2015 for a cost of $12.54. Just last Friday the cost was $11.10. They have been up and down over the last year and a half but the price hasn't seemed to grow much, so I think I will leave these at 500 shares and look for something else to invest in next.

I'm not going to sell them because the dividend income is good (and also because I tend to hold onto shares rather than sell), but I think next will be maybe an ETF share or something. My brother-in-law has a lot of Vanguard shares and highly recommends them, so I might look at something like that - with more of an international focus.

And I've just realised that I can pretty much tick off savings towards shares off the sidebar because I have saved that amount!

That's about all my musings are for today, hope you are all well!

5 Responses to “Share Purchase”

  1. Myfinancekits Says:

    There is always a trade off between dividend and growth in share price. It all depends on your investment goal

  2. VS_ozgirl Says:

    True, I guess that's food for thought for the next purchase.

  3. snafu Says:

    Off topic...Now that exams are done and life is less hectic, I hope you'll consider calling your auto emergency services to verify the services they provide and resultant fee schedule. The battery seems ultra expensive unless the vehicle is super special. Installation of a battery requires opening the hood, unscrewing two leads and lifting out the old battery. Step 2 is putting the new battery in place and screwing the two leads back in place. Compared to changing a tire it's johnny one note. To my eyes you have been charged double price for battery and a ridiculous price for an emergency service you believe you have paid for.

    2nd, I know in Canada we can buy two Vanguard products on our stock exchange for a modest fee; we get trounced on income tax on dividends and/or capital gains as it's a 'foreign' item. I suggest you verify any income tax ramifications before you buy, to avoid surprise which easily turn joy of profit to an unanticipated loss. Added to that are currency exchange fees which are not recoverable here.

  4. rob62521 Says:

    It's nice to have achieved a goal. Yay!

  5. VS_ozgirl Says:

    Snafu- I remember Special Agent also commenting about the high expense of the battery and we actually looked into it. My DH's car is actually a 4WD and the size of his battery is close to that of a truck battery. We checked at the local car parts shop and they retail for $260, so I guess you could say that that the extra $60 was labour for putting in the battery - we are ok with this as it was kind of difficult to do. In the end, it turned out to be reasonable.
    As for the ETF shares, they would only be ones that we can buy on our Australian stock exchange. Through my broker you can buy directly international ones but brokerage is $60 per trade which I think is ridiculous. We have Vanguard shares on our stock exchange (even though they are international so I'm not sure how that works - our clients have Vanguard and the income is treated as a managed fund distribution so a combination of foreign income plus trust income and capital gains distributed). Anyhow, I definitely do not want to deal with currency fluctuations either so will not buy directly international. Thanks very much for your detailed advice!

    Rob- thanks Smile!!!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 9.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]