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    new investor's Avatar
    new investor Posts: 2, Reputation: 1
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    #1

    Jul 7, 2008, 01:22 PM
    Investment calculations
    Lets' say that I have $200 and as a new investor, I wanted to begin investing in a company whose shares cost $31.93. Would I multiply the $200 by the price and arrive at the exact number of shares I will have?
    ISneezeFunny's Avatar
    ISneezeFunny Posts: 4,175, Reputation: 821
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    #2

    Jul 7, 2008, 01:26 PM
    No?

    You'd take 200 and divide by 31.93 and get 6.26... which is the number of shares you'll have.

    Of course, this doesn't take into account the commission.
    new investor's Avatar
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    #3

    Jul 7, 2008, 01:29 PM
    Thanks isneezefunny!
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