Thus, this type of risk refers to the volatility of the capital gains. Stock transaction tax. Illustration 2: Selling securities. Underlying shares are the shares, unissued or issued as the case may be, of a corporation which may subscribed to or purchased by the warrant holder upon the exercise of the right granted under the warrants. If you had invested P, you would have gained a profit of P20, Since you will hold the shares for several years, it makes sense to invest in companies that are consistently profitable as a business. Apple phones, however, come with a preinstalled stocks app which you can also integrate with your own stock investment account.