Recommendation For Direct Share Trading Within Superannuation

Jugg.Judy on 08/07/2020 - 22:11
Last edited 08/07/2020 - 22:52 by 1 other user

hi,

I'm current with ING living super, I'm looking for alternative super options out there that's better, I know there an option with ING that offer direct share trading within super, does anyone know if there is any other super fund offer such option at lower fees?

Current fee structure -

Take a hands-on approach, with real-time trading of S&P/ASX 300 shares, plus a selection of Exchange-Traded Products

Administration fee $60 p.a. charged at $5 per month plus an administration fee of 0.52% p.a. of your account balance in the single and multi sector managed investments (excluding the Cash option) and listed securities (0.50% p.a. on the account balance in the single and multi sector managed investments (excluding the Cash option) and listed securities capped at $2,500p.a. plus an administration fee for the Operational Risk Financial Requirement fee estimated to be 0.02% p.a. on the total account balance)

Brokerage Brokerage of $20 or 0.13% per trade (whichever is greater)

Premium market research (optional) $20 per month

Financial Superannuation

Comments

  • vikvance on 09/07/2020 - 06:06
    +1

    I haven't analysed how they compare with fees, but AustralianSuper offers a similar option:

    https://www.australiansuper.com/investments/your-investment-…

    • Jugg.Judy on 09/07/2020 - 15:24

      this is something I'm looking for, admin is high 395/pa, not sure if this only apply to premix managed portfolio or including member direct, if fees apply to member direct trading then I think ing is a bit cheaper.

  • JohnSy on 09/07/2020 - 09:51
    +1

    Depends how much you have in your superannuation. If the balance is high enough you could consider a SMSF to get around the % based admin fee.

    Try looking at esuperfund.com.au

    I believe there may be other low-cost ones out there now also.

    • Jugg.Judy on 09/07/2020 - 15:08

      my super is not high enough to make it worthwhile for smsf, so looking for super option which allow share trading but no smsf.

  • Terbo on 09/07/2020 - 15:27
    +1

    ING Direct used to be pretty cheap for share trading within retail Super but havent compared recently. You can look at Aust Super or HostPlus as a couple of others I an aware of that offer similar. But I would also ask - if you dont have enough to make an SMSF worthwhile, then why would you want to back yourself with direct share trading over managed fund professional traders with access to the world markets and direct investments. And if you really are doing well with direct trading, then paying a couple of hundred dollars per year for the opportunity shouldnt be an issue - nothing is free. But honestly, look at a few funds away from ING that offer cheap broad access to a range of asset classes, let them do their thing and focus on your personal savings and strategies instead.

    • Jugg.Judy on 09/07/2020 - 15:50

      I've already check out hostplus, but it's not really the same thing, the reason I'm considering do it myself is because I can do better job, I hardly even bother looking at my super for years, just keep putting in didn't pay attention to its performance until covid, and realise they are really not doing a good jobs at all, I don't mind paying couple of hundreds as I am paying ing for years, I am just looking if there is other options which offer better value for share trading.

      • Terbo on 09/07/2020 - 16:03
        +2
        1. No I think Hostplus is the same thing (The Choiceplus investment option offers many of the features available to a self-managed super fund (SMSF) at a low cost - and you continue to be invested in an APRA regulated super fund. Choiceplus allows you to invest directly in:Australian Shares (S&P/ASX 300 Index), Exchange Traded Funds (ETFs), Listed Investment Companies (LICs)
        2. "I can do a better job"…based on what ? If you have been trading personally for the past 5 years and doing better than ~10% pa (avg super growth fund return) then thats great, but I would then ask why you left your Super in ING if you are relatively switched on with investing. And Aussie shares have been relatively poor performers in recent years against Global markets, property, fixed interest, not to mention the diversification and negative correlation you get from not just trading the ASX300. Super money is for the long term, and so too should be your investment approach. Good luck!
      • SBOB on 09/07/2020 - 19:33
        +1

        the reason I'm considering do it myself is because I can do better job,

        if that was the case, you would be incredibly succesful in investing (and likely wouldn't need to ask ozb for advice on a super fund :) )

        its unlikely you would beat a balanced or growth super option reliably just based on thinking you can do a better job

        • mskeggs on 09/07/2020 - 20:30

          It's easy. Someone told me you just buy at the low for the day, and sell when it is higher!

          • SBOB on 09/07/2020 - 20:46

            @mskeggs: damn it, i have been doing the opposite

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