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BeginnerBrazilian REITs · Lesson B4.1 · Module B4

How to buy your first share

Module B4: Your first share

11 slides~5 minquiz at the end

In this lesson

  • Five steps to a share in your name
  • Limit or market order
  • What R$ 1,000 buys and pays
See the slides
Doors of the old Bovespa building in downtown São Paulo

Brazilian REITs · Lesson B4.1

Your first share, step by step

From opening a brokerage account to a share registered under your tax ID.

Wilfredor · Wikimedia Commons · CC BY-SA 4.0

The path

Five steps to becoming a shareholder

  1. Open an accountat a broker
  2. Transfermoney into it
  3. Find the tickerin the trading app, ending in 11
  4. Send the orderprice and quantity
  5. Share in your nameregistered at B3

Listed FIIs are bought on the exchange, just like stocks.

The order ticket

A buy order, piece by piece

Buythe side of the order ABCD11the fund's ticker Limit · R$ 9.80the most you'll pay 102how many shares

ABCD11 is a made-up ticker, just for the example.

Order type

Market or limit?

Market

  • Fills at whatever price is there
  • In a thinly traded fund, it can fill well above the last price

Limit

  • You set the maximum price
  • If nobody sells at that price, the order waits

The lot

No need to buy in hundreds

1 share

is the standard lot for FIIs on the exchange

You can start with the price of a single share — some funds trade near R$ 10.

Do the math

What R$ 1,000 buys

R$ 1,000÷R$ 9.80per share=102shares
102×R$ 9.80=R$ 999.60invested
102×R$ 0.09per share=R$ 9.18per month

Illustrative figures. R$ 0.40 stays in the account.

What it costs

The costs of buying and selling

  • Brokerage feemany brokers charge zero
  • B3 feessmall, charged on every trade
  • Tax on selling20% of the profit, if any (lesson B4.6)

Check your broker's fee table before your first order.

Remember this

Three ideas from this lesson

  1. Broker and tickerOpen the account, transfer money, search for the ticker ending in 11.
  2. Limit orderYou pick the maximum price and don't overpay by accident.
  3. 1-share lotYou can start with the price of a single share.

Quick test · 1 of 2

Which order keeps you from paying far above the last price?

See answer

Limit. It only fills up to the price you chose. In a thinly traded fund, that protects you from an expensive fill.

Quick test · 2 of 2

With R$ 500 and a R$ 9.80 share, how many shares?

See answer

51 shares (51 × R$ 9.80 = R$ 499.80). The FII lot is 1 share.

Lesson complete

Next lesson

B4.2Beginner · Lesson B4.2Record date, ex-date and paymentWho gets the month's income — and why the share price takes it out on the ex-date.Continue
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Image credits
  • Wilfredor · Wikimedia Commons · CC BY-SA 4.0 — Wikimedia Commons
  • Matheus Bertelli · Pexels · Pexels License — Pexels

Educational content, written for learners. Not investment advice.