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I want to invest in the stock Jet Blue Airways, I just don/t know how to.
Hello, I am looking to invest in JBLU, It is part of the NASDAQ stock exchange and I see that it doing better than the S&P 500.
I know a great brokerage firm; goes by the name Tradeking Pricing, but has a broker fee of 1.7%.
I see that the stock JBLU is doing better than the S&P500. One share is $19.95.
Jet Blue Airways $19.95 NASDAQ
I would like to buy the stock JBLU, but I need your help. I want to buy 270 shares and each share costs $19.95. I also know that your broker fee is 1.7%.
Your total investment will be $5,394.60. I got this multiplying the number of shares you want by the price of each share. The broker fee is $91.71. So your total cost adds up to $5,486.31. I got this by adding the investment and broker fee.
We find the broker fee by doing the total investment times 1.7%.
It has been six years, and I just don't seem to want the JBLU stock anymore, I want to sell it but I don't know how, so I am back for your help.
No problem, the sale price is now $37.32. Now all I have to do is find the total money received from sale of shares by multiplying shares by sale price which comes out to $10,076.40
Let's keep in mind the broker fee is now higher, so I must do $10,076.40 times 1.7% equaling $171.29. Now I find the total money paid out by doing money received minus the broker fee equaling $9,905.11. Finally I must find the total profit you made bby doing total money paid out minus the total cost to give you a profit of $4,418.80.
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