Folks
I have thought for a long time that I wasn’t getting the best deal in buying shares through my broker. My shares always seem to be bought at very close to the days high price. This is over 15 stock purchases in the last two years. I have not sold any stocks so am only talking about purchases.
I have investigated my latest trade one month ago and my stock broker said that 4500 shares were bought in a company @ €54.234 for me.
On top of this was stamp duty and certificate costs.
When I checked the highest price that day was 53.951
I looked at this on morning star, yahoo and the company who’s share I was purchasing website and they all confirmed the same number.
Am I being ripped off. This high lasted for 3 minuets. The price dropped after this high and the average for the day was €53.102
Can anyone help me understand where I'm going wrong if I am not being ripped off. The reason I am looking into this is because every time I have purchased shares they have always been purchased at or near the top of the days trading range irrelevant of when I placed the order (10am, 2pm, 4pm and 5pm).
Can I find a website that shows all individual trades of shares traded in any one day for a company. My broker told that they were bought in one block so I should somewhere somehow be able to see my block of 4500 shares @ €54.234 somewhere in this list. I am a long term investor in this stock and the difference in the long term is not relevant. But I hate feeling ripped off.
Thanks in advance for all advice.
Janeymc
I have thought for a long time that I wasn’t getting the best deal in buying shares through my broker. My shares always seem to be bought at very close to the days high price. This is over 15 stock purchases in the last two years. I have not sold any stocks so am only talking about purchases.
I have investigated my latest trade one month ago and my stock broker said that 4500 shares were bought in a company @ €54.234 for me.
On top of this was stamp duty and certificate costs.
When I checked the highest price that day was 53.951
I looked at this on morning star, yahoo and the company who’s share I was purchasing website and they all confirmed the same number.
Am I being ripped off. This high lasted for 3 minuets. The price dropped after this high and the average for the day was €53.102
Can anyone help me understand where I'm going wrong if I am not being ripped off. The reason I am looking into this is because every time I have purchased shares they have always been purchased at or near the top of the days trading range irrelevant of when I placed the order (10am, 2pm, 4pm and 5pm).
Can I find a website that shows all individual trades of shares traded in any one day for a company. My broker told that they were bought in one block so I should somewhere somehow be able to see my block of 4500 shares @ €54.234 somewhere in this list. I am a long term investor in this stock and the difference in the long term is not relevant. But I hate feeling ripped off.
Thanks in advance for all advice.
Janeymc