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% needed to make profit

  • 04-11-2010 02:29AM
    #1
    Iguana Bob
    Closed Accounts Posts: 208 ✭✭


    this is taken from the sharewatch website. if im trying to figure out what % raise in price of a share i need to make a profit would it work like this
    Say investing €1000 in a share A
    €14.95 min charge for purchases under 5000k (.3%)
    which is 1.5% (Rounded)
    then 1% for stamp duty on irish shares.
    so basically on €1000 you need your shares to raise 2.5% just to break even and anything after is profit
    obviously this gets more complicated if you are changing currency and other factors
    I am probably wrong just researching in my spare time


Comments

  • #2
    gonedrinking
    Closed Accounts Posts: 810 ✭✭✭gonedrinking


    I just go by that basis that if I invest 1,000 then I need the price to rise 50% to make any worthwhile gain after taking into account all the charges and then tax on gains etc.


  • #3
    Mort5000
    Registered Users, Registered Users 2 Posts: 419 ✭✭Mort5000


    And don't forget to factor in the costs in reselling the shares.


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