1.
You will need to login to your SIX account, or create one if you haven’t already done so. That itself is a super quick process, especially if you have your ID handy (think your passport, licence, or Medicare card). If you've already set up your account and logged in, you can move on to step 2!
2.
Once you’re all logged in, you’ll be taken directly to the app’s homepage, showcasing all SIX’s current campaigns. We’ll buy shares shortly, but first we need to put some money in our wallet.
3.
Click the Wallet tab on the left hand side, where you'll find the option to add funds. You can use either the PayID or BSB/Account Number to transfer funds from your personal banking app to your SIX Wallet. PayID payments will occur more quickly than BSB/Account Number (you may need to refresh the screen to see the funds!). Remember, the ASX sets an initial minimum buy-in of $500 for any company. Minimum trades are almost never exactly $500, so it’s helpful to transfer a bit more than this amount.
4.
Now that we have some money in our Wallet, we can buy our shares! Today, we’re going to use the Save the Skate campaign as our example. Navigate back to the Campaigns page, scroll down until you see the ‘Buy & Pledge Shares’ button and click it.
5.
From there, select which company you would like to buy your shares in. If you want to buy shares in more than one company, repeat this process!
6.
When you select ‘Continue’, it will take you to your ‘Buy Order’ page. There are two types of ways to buy shares: a Market order and a Limit order. Market Orders are typically used when the Market is open and shareholders want their order to be processed quickly. The share price when you submit a Market order is based on the current market price. Limit Orders lets shareholders select the price they want to pay for the order. Limit Orders may take longer to be fulfilled and will usually expire within 7 days. Once you’ve selected your option, you can review your trade.
7.
This is the final review of your Buy Order, where you can check it’s all correct. Once you hit ‘Submit Order’, your Buy Order will have gone through and now we wait for it to be filled.
8.
Success! That’s all for now. You will receive a Contract Note in your email inbox when your purchase of shares has been finalised (this can take a couple of days). You may also receive a letter from the company you've bought shares in.