I’ve been looking into investing in shares for some time and for the ability and time available to me It really is best to start with some sort of ETF.
This is where Space/Acorn app comes in
Although they have relatively low fees I was thinking if it’s possible to just copy their portfolio as they disclosed that information
Is that too hard to set up? Anyone has experience?
Buy future in spices
why?
Why do you want to copy their portfolio without the convenience of their app (which is the whole point of investing through them). Otherwise just go with Vanguard or other ETF.
yeah that kind of stuffs are useless.
You could take the same approach for any ETF, not just spaceship/raiz, but would need lots of initial cash and would pay lots in brokerage to get the same breadth.
The minimum purchase for anything on the ASX is $500, so if you are replicating an ETF with say 100 companies in it, at a minimum you are looking at 100 x $500 purchases.
Say you use selfwealth, you first 10 trades if you join using a referral link off OzBargain are free, but after that you pay $10 per trade, so $900 in brokerage. That's the cheapest CHESS sponsered broker i am aware of so this is best case.
If the ETF adds or loses 1 or 2 companies a month, you have to sell and buy more, pay more brokerage.every month.
Ah so no dice then
Thank you Sir.
Space exited EssilorLuxottica and Class in July, so you might (at considerable expense) replicate their stated Portfolio, only to find that it has changed in the interim.
The same goes for any Companies they add.
By the time they advise you, the time to sell or buy may have passed.
It really is best to start with some sort of ETF.
Yes, just start with some sort of ETF. I would suggest something like STW - SPDR® S&P®/ASX 200 Fund. This closely matches the ASX200, which is commonly reported in the news so it is easy to keep track of.
Not a good idea from my 30 second think. Have you factored in brokerage for the individual shares you'll end up buying?
That said head over to ausfinance on reddit. Take advice with a grain of salt.
Just by reading the title I thought you were talking about investment outside this planet… like moon, mars, pluto etc.