<p>We have created an easy process for you to amend your cost basis for your ASX holdings.</p>
<p>Click onto the share detail page of the stock you wish to edit:</p>
<ul>
<li>On the company page, scroll down to average buy price</li>
<li>Click the edit icon next to the numerical value e.g. $0.00 </li>
<li>Edit the average buy price per share with numerical values</li>
<li>Select update to reflect the changes</li>
</ul>
<h4 id="h_01HTKTTC83WQZVEY2GSKWP6EFC"><span style="color: #434343;">Things to consider</span></h4>
<p>You should retain any statements, dividend statements, trade confirmations, contract notes and bank account statements for your records.</p>
<p>As with all investments, due to the complexities involved with tax, we recommend you obtain independent &amp; professional advice that considers your own set of facts and circumstances. The reporting available on Stake is not intended to replace any document that contains information that may be required for taxation purposes.</p>
<p>You are responsible for the calculation and accuracy of this information, including any tax consequences and changes to other records incorporating the average buy price.</p>

How can I edit my average buy price?

<h3 id="h_01HGWB8Q5QB4YY9KB53J6T4W9S"><span style="color: #434343;">What happens if an ASX stock I own gets delisted?</span></h3>
<p>In some situations, you may hold a security that has been voluntarily or involuntarily delisted from an exchange and is no longer available to trade. <br><br>Delisting a security could be the result of:</p>
<ul>
<li>The underlying company ceasing operations/declaring bankruptcy </li>
<li>A corporate action such as a takeover or merger</li>
<li>A company transitioning to private ownership</li>
<li>A company failing to meet listing requirements on an exchange </li>
</ul>
<p>You can monitor announcements from the companies you have in your portfolio from the Stake app or by looking them up on the <a href="https://www.asx.com.au/markets/trade-our-cash-market/todays-announcements"><span class="wysiwyg-underline" style="color: #1155cc;">ASX announcements page</span></a>. After delisting, you can search for delisted companies on <a href="http://www.delisted.com.au"><span class="wysiwyg-underline" style="color: #1155cc;">delisted.com.au.</span></a><br><br>Depending on the situation and the terms of agreement, you may be entitled to a final distribution, representing some value recouped as a result of delisting proceedings. <br><br>If a security is already delisted it is best to reach out directly to the share registry for advice on how to proceed. <br><br></p>
<h3 id="h_01HGWB8Q5QC1PG3990BTB1JSEV"><span style="color: #434343;">What happens if a U.S. security I own gets delisted?</span></h3>
<p>In some situations, you may hold a security that has been voluntarily or involuntarily delisted from an exchange and is no longer available to trade. <br><br>Delisting a security could be the result of:</p>
<ul>
<li>The underlying company ceasing operations/declaring bankruptcy </li>
<li>A corporate action such as a takeover or merger</li>
<li>A company transitioning to a private ownership</li>
<li>A company failing to meet listing requirements on an exchange </li>
</ul>
<p>If your position has been delisted, your sell orders may be rejected. In some cases the security may have moved to the OTC Markets. If you own delisted securities and would like to know your options for selling these shares, you can reach out to our customer support team <a href="https://hellostake.com/support/contact-us"><span class="wysiwyg-underline" style="color: #1155cc;">here</span></a>. </p>

Delisting of securities

<p>There are a range of ETFs you can access on Stake that invest during different market conditions – such as leveraged and inverse ETFs. Before investing in them, you should understand how they work.<br><br></p>
<h4 id="h_01HGWB5HXKJBA99HVXC5QEW4HN"><span style="color: #666666;">What is a leveraged ETF?</span></h4>
<p>This is an exchange-traded fund that uses financial derivatives and debt to boost the returns of the underlying benchmark. Leveraged ETFs usually provide multiple times the daily performance of the index they track. For example, a 2x leveraged ETF tracking the S&amp;P 500 will aim to deliver twice the daily return of the index. Leverage can also be applied to inverse ETFs. Funds that offer leverage can be particularly risky because they require higher leverage to achieve their returns.<br><br></p>
<h4 id="h_01HGWB5HXKEZH1MC7PXZ6SF0TN"><span style="color: #666666;">What is an inverse ETF?</span></h4>
<p>Inverse ETFs aim to profit from a decline in the value of its underlying benchmark. Also known as ‘short’ or 'bear’ products, they use financial instruments to deliver opposite returns of the index the ETF tracks. An S&amp;P 500 inverse ETF intends to deliver a 1% positive return if the S&amp;P 500 index falls by 1% during one day. Investors often buy inverse ETFs as a hedging tool or a short-term trading strategy to protect against a potential market downturn. The main risks associated with investing in inverse ETFs include compounding risk, correlation risk, derivative securities risk, and short sale exposure risk.<br><br></p>
<h4 id="h_01HGWB5HXKEJXA0TXCZ7G2V4RW"><span style="color: #666666;">Please read before investing in these instruments</span></h4>
<p>Inverse and leveraged ETFs are complicated instruments generally suited for professional investors and traders, who monitor their trading regularly and understand the underlying risks of these investments.<br><br>As these products are designed to meet their stated objectives on a daily basis, they may not be suitable for long-term investing. As a precaution, we’ll also seek your confirmation as a reminder of the inherent risks when you place an order.</p>

Leveraged and inverse ETFs

<h3 id="h_01HGWB3JM0VZNJWYZQHFDKKMP5"><span style="color: #434343;">U.S. stocks &amp; ETFs</span></h3>
<p>Stake Wall St gives you access to broad investing opportunities on the world's largest markets. Invest in a range of security instruments including shares in individual companies, OTC stocks, ETFs and more. <br><br></p>
<h4 id="h_01HGWB3JM00EHJGV7K0PQG5F9P"><span style="color: #666666;">Shares you can invest in or trade</span></h4>
<p>On Stake, you can directly invest in 9,500+ securities listed on major U.S. stock exchanges such as the New York Stock Exchange (NYSE) and Nasdaq. Browse through all the U.S.-listed equities available on Stake <a href="https://hellostake.com/invest/wall-st/stocks"><span class="wysiwyg-underline" style="color: #1155cc;">here</span></a>.<br><br>There are also 200+ American Depository Receipts (ADRs) of global companies currently available on Stake. You can learn more about ADRs and how they work <a href="https://hellostake.com/blog/the-wrap/going-global"><span class="wysiwyg-underline" style="color: #1155cc;">here</span></a>. <br><br></p>
<h4 id="h_01HGWB3JM0KCPGJ48CTWWZAX5P"><span style="color: #666666;">Over-The-Counter (OTC) stocks</span></h4>
<p>Over-The-Counter (OTC) stocks are securities that aren’t traded on major exchanges like the NYSE or Nasdaq. Hundreds of them are available on Stake Wall St. OTC stocks can only be traded using a Limit order type (not Market or Stop orders) and you can’t own a fractional amount of an OTC stock on Stake. To learn more about OTC stocks, click <a href="https://hellostake.com/blog/stake-academy/stake-academy-otc-stocks"><span class="wysiwyg-underline" style="color: #1155cc;">here</span></a>. <br><br></p>
<h4 id="h_01HGWB3JM0KSMPHJT0D4VBKE9N"><span style="color: #666666;">ETFs </span></h4>
<p>Exchange-traded funds are financial instruments that will often track a sector, index or other underlying asset and can be traded on a stock exchange like any typical stock. These securities allow investors to gain exposure to a wider collection of sectors/securities without having to buy into the underlying securities one by one. <br><br>Types of ETFs available on Stake include:</p>
<ul>
<li>Equity ETFs</li>
<li>Commodity ETFs</li>
<li>Bond ETFs</li>
<li>International ETFs</li>
<li>Sector ETFs</li>
<li>Smart Beta ETFs</li>
<li>Passive ETFs</li>
<li>Active ETFs</li>
<li>Currency ETFs</li>
<li>Inverse ETFs</li>
<li>Leveraged ETFs</li>
</ul>
<p>All investments carry some financial risk and you should always conduct your own research before investing in any security. </p>

How can we help?

How can I edit my average buy price?

Things to consider