Spaceship, Stockspot, Commsec Pocket, Raiz and Vanguard - Which One?

nugley on 30/10/2020 - 14:12

I'm relatively new to investing and have read that index funds and ETFs are the way to go. I'm not confident enough just yet to self-manage any funds, but I am willing to build my knowledge and skills to do it in the future.

Whilst I build my knowledge and skills, I've been looking at Spaceship Voyager, Commsec Pocket, Raiz, Stockspot and Vanguard - comparing their offerings, fees and performance.

I have been with Stockspot for a couple of years now, but I realise that their fees are on the higher side compared to others and that I should be looking to minimise my fees and maximise my returns where possible.

I would like to hear other people's experiences, thoughts and recommendations in hope that it will help me weigh up my options better.

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Comments

  • cuteseal on 30/10/2020 - 14:25

    If you want to purchase ETFs then you just need a service that allows you to purchase shares on the ASX as they are just publicly traded shares and you buy and sell them on the share market. Commsec brokerage is expensive if you plan to do it on a regular basis.

    Selfwealth is pretty good - $8.50 per trade and the trades are under your own HIN. Some of the newer cheaper ones share the company's HIN which means the shares technically don't belong to you and might be trouble if they go belly up.

    Raiz and Vanguard are managed funds (slightly different concept - you put money in and they manage the investing for you, and and you pull money out).

    • Ghost47 on 30/10/2020 - 14:30
      +2

      SelfWealth are $9.50 per trade, flat fee also unlike CommSec.

      • cuteseal on 30/10/2020 - 14:36

        Ooh, they've gone up! Have you seen any better ones?

        • Ghost47 on 30/10/2020 - 14:41

          They've always been $9.50 lol, and no.

          • cuteseal on 30/10/2020 - 14:41

            @Ghost47: Lol, my bad :P

            Actually looking at all those ones he's listed, he's actually after opinions on managed funds, not ETFs.
            I'll show myself out the door.

        • polarq on 29/12/2020 - 23:12

          There is is think markets which does $8 trades and supports poli for instant transfers.

          10 free trades of you sign up before 31/12/20 https://www.ozbargain.com.au/node/590458

  • Jimothy Wongingtons on 30/10/2020 - 14:40
    +2

    Got a little in spaceship. It's doing pretty good.

    • DemocracyManifest on 01/11/2020 - 10:45

      How’s it doing now? I just lost $500 in a week basically from sunsuper with everything on international shares a an experiment, low balance now

      • Jimothy Wongingtons on 01/11/2020 - 11:53

        Still up but gains did dip.
        Top up $200 every fortnight.
        The gains r not fantastic but my plan was to use this as a vehicle to build up a 5k chunk and chuck it into VDHG.

  • whooah1979 on 30/10/2020 - 14:56

    OP, will you be investing or trading stocks?

    • nugley on 30/10/2020 - 16:14

      Thanks. I'm looking to invest.

      • whooah1979 on 31/10/2020 - 11:56

        A $5, $10 or $20 trading fee isn't going to make difference at the end of a long term position.

        Using a reliable broker with high liquidity and an option rich platform is more important than saving a few cents on a total trade.

  • 2jzzzz on 30/10/2020 - 14:58
    +3

    Commbank Pocket for ETFs of smaller value, Self wealth for the rest

  • boostpak on 30/10/2020 - 16:41

    Is there any brokerage better than selfwealth?

  • SmiTTy on 30/10/2020 - 22:31

    I would choose a vanguard etf (like VDHG) and put money aside and add it to your etf consistently and regularly (eg monthly)

  • Tobecompleted on 31/10/2020 - 09:01

    My bread and butter investments are in VAS and VGS. They are ETFs you buy via any online broker. Self wealth are typically the cheapest.

    I also have a bit of money in spaceship for higher risk.

    • virhlpool on 27/12/2020 - 00:13

      Do you recommend this or buying Vanguard US ETFs using an app like Stake?

      • Tobecompleted on 27/12/2020 - 09:37

        I prefer to buy Aus domiciled ETFs. They handle the tax implications and it keeps it simple for me.

        • virhlpool on 27/12/2020 - 23:29

          But when you buy US stocks/ETF using Australian apps such as Stake, shouldn't it work in the same way as Aussie local trade for the purpose of taxation?

  • orangetrain on 31/10/2020 - 10:10

    If you're buying ETFs only, superhero is free. Second is selfwealth at 9.50.

  • plastererJazz on 10/12/2020 - 11:26

    Hi OP, I'm on the same boat with you trying to step up on these ETF & stock game.

    Could you please elaborate on how did you realize the fee with stockpot is higher than others?

    $10k fee would be 0.66% annually that is $66 per year. if someone tops up more than 7 times a year it will be cheaper than selfwealth, as $9.5 per trade.

    Regard

  • Frozensage on 30/12/2020 - 09:35

    Open trader is the underwriters for SelfWealth and it’s only $5 per trade. Their trading floor interface is much better than SelfWealth.

    Hear plenty ppl who says they want to invest, but turns out just buying and selling like a momentum trader. If just starting out and wants to get your finger in the pie, buy a asx200 etf like ioz or Nasdaq etf ndq with comm pocket app.

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