When you trade through the Commsec Pocket app, you’ll pay $2 each time you invest or sell up to $1,000.
Trades over $1,000 are charged at 0.20% of the trade value. For example, a $1,100 trade will cost you $2.20 ($1,100 x 0.20%)
Seems to be CHESS sponsored from with I'm reading.
Cons: Limited ETFs selection.
ETFs Available On Commsec Pocket:
- IOZ iShares Core S&P/ASX 200 ETF
- IOO iShares Global 100 ETF
- IEM iShares MSCI Emerging Markets ETF
- SYI SPDR MSCI Australia Select High Dividend Yield Fund
- NDQ BetaShares NASDAQ 100 ETF
- ETHI BetaShares Global Sustainability Leaders ETF
- IXJ iShares Global Healthcare ETF
For me:
Use Commsec Pocket for trades < $4750
Use Selfwealth for trades > $4750
Self wealth
CMC markets is good fee wise but maybe look into it and see how comfortable you feel
I use interactive brokers but some here suggest to not recommend it to people who aren't too familiar
Better to invest what you can, especially if overseas stocks
Dollar cost averaging Aka invest fixed amount say 1k a month, or keep doing that with lump sums too when possible, say tax return or if you sell some other asset like gold or jewellery
Investing only in au etfs IN AUD is not the safest option, since if AUS is hit your losing in currency devaluation, AND loss on share price etc.
If you want to invest overall without taking into a country risk of one country, keeping in mind the US stocks have the highest weighting in it, invest into ACWI which is the all world index, with the bigger stocks and sectors from all around the world.
Then there's the EEM which focuses on emerging markets and GLD or SLV (gold and silver), which hedges against the ACWI and the EEM since, usually from past history speaking, people buy resources when the markets tank out of fear, gold more than doubled in the GFC.
There's also industries I would look into like ITA ETF, IBD50 (Investor business daily top 50 emerging stocks perform well) as well as MJ ETF for weed, and I forgot the AI ETF name
For aud
YMAX is OK and a few others I'll post when I'm home as I prefer using ETFs for US and actively trade sectors or single stocks in AUS, as I can watch them :)
If you are negative about the market you can purchase BEAR, WHICH goes up when the market goes down, so I use that as a hedge when it's cheap or if I find it suitable.
Also it is an etf (BEAR)