Wondering if anyone has any insights on how best different stock portfolios can be created and managed. Primary purpose of creating different portifolios is to actively manage different types of stocks that suits a specific risk appetite/thresholds, holding style(long vs short), objectives etc. Thanks.
Best way to create and manage multiple stock portfolios
Lnegger on 05/01/2021 - 23:02
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I prefer active. Thanks
There are active ETFs on the market
Thanks. This video looks pretty good. Are there any pros of going ETFs compared to direct shares taken ETFs might have other fee associated?
You can have all your shares with the one broker and then use a service such as ShareSight to manage multiple portfolios.
I hold both ETFs and picked my own stocks
I usually pump the profit into ETFs but mainly made a lot of money by picking stocksit takes a bit of work and you gain experience over time, after a while you sort of know what business to buy and what to avoid
it is something that can not be taught over night, it will takes time and you grow into it as you invest in the market and do a lot of
reading and research. I started in my early 20s single and free then and I am still learning today after 2 decades and it will never stop
always trying to learn and be a better investor.There is no one side fits all, you end up with what ever mixed you like that will suit your risk appetites and knowledge plus the time and effort you put into it.
for my kids at this stage they don't care, and has no interest in the stock market but I advise to them to save and give me the money to grow for them over time
they have about 20-30k save up with their casual jobs and they are still at schoolso I buy ETFs for them, they all doing ok, it grow slowly even with the March crashed and they started before the crash
they still up and I manage it for them, they just just give me their money once they save up 5K and I work out what ETFs to buy for them and when
at a time of my choosingGreat. I started really late to Stocks too. Currently thinking to get ETFs. Do you mind sharing if you use bank as your broker like NabTrade which charges you around $15 for each trade or use ShareSight (Edit: Not ShareSight. Forgot Aussie equivalent of etoro with $10 fee)or eToro.
I am confused on buying ETF from bank as it does not show yearly fee and other details.I use comsec as my broker as fees is minor issue for me because my order are usually large so $20 or $10 makes bugger all differences but all my stuff are with CBA it makes it thing easier for me.
brokers are just intermediate party that buy and sell ETFs or shares on your behalf they dont manage ETFs or shares, ETFs fees are paid to the people who run the ETFs (like betashares or vanguard) and that deduct from dividend or capital gain so each year you get a distribution and fees are already get taken out of that so it is an invisible thing to you.
Share-insight is just a tools that manage your investment, it an extra cost to you, you dont gave to use it.
I have a piece of software called topshare I been using it for over a decade and I just paid a fee once many years ago
it keep tracks of all my data entry and at the end of year I run a tax report on it and give it to my accountant on how much
capital gain and dividend etc…Not Sharesight, It was selfewealth.
@EnALup: selfwealth a cheaper than commsec and nothing wrong with that depending on your order size
if you buy lot of small parcel brokerage fee is your main concern.so if it cost $10 for 20K with once broker that 0.005% and $20 for someone else it 0.01%
but if you buy in $1000 parcel then it makes a huge differences
Hmm… That $10 might be costing you more than you realise.
Assuming Commsec, $10 probably means a best-case scenario of a $1,000 trade. If you keep the stock for 3 years and make a steady 7% internally reinvested return, you might end up with around $1,225, which when you sell will cost another ~$10 in broker fees. So on a return of $225 you'll be paying out almost 10% in fees!
There's a lot of assumptions in there, and your situation is probably different. E.g. you might keep your assets much longer. Then again you might get a CAGR or much less than 7%. And you may be buying amounts of up to $10k fo $20. Then again if you've got dividends that you need to manually reinvest yourself, your brokerage fees could go up too. But I hope this illustrates what matters is not how much the broker fees are relative to your capital, but how much the broker fees are relative to your expected return.
@HearthStone - yet to decide what to buy whether to pursue ETF path or individual stocks. Individual stocks are kinda hit & miss so far my understanding but I am a novice in this field. Also wanted to know if I want to sell the ETF down the track for emergency money, would that be a good idea?
Have you considered investing in ETF's?
This guy gives a good explanation of different types you can invest into.
https://www.youtube.com/watch?v=c0T17e4VYIo