This was posted 3 years 4 months 2 days ago, and might be an out-dated deal.

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Vanguard Personal Investor Cash, Managed Funds and ETF Account Fees Reduced to 0% (Was 0.20% p.a.) @ Vanguard

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Vanguard Personal Investor Cash, Managed Funds and ETF Account Fees Reduced to 0% (Was 0.20% p.a.) @ Vanguard
Go to Deal
USER DC on 20/08/2021 - 16:12 vanguard.com.au (2514 clicks)
Last edited 21/08/2021 - 01:48 by 2 other users
New Account Fee effective 18 August 2021 Account Fee until 17 August 2021 incl.
Vanguard Cash Account Nil 0.20% per annum
Vanguard managed funds Nil 0.20% per annum
Vanguard ETFs Nil 0.20% per annum
ASX direct shares 0.10% per annum 0.20% per annum
New Brokerage Fee effective 18 August 2021 Brokerage Fee until 17 August 2021 incl.
Vanguard ETFs $9 per trade Nil
ASX direct shares $9 per trade $19.95 or 0.15% per trade (whichever is greater)
Vanguard managed funds Nil Nil

I am a pretty newbie to investing. (NOT A FINANCIAL ADVISOR, NOR RELATED TO VANGUARD OR ANY OTHER COMPANY)
I AM NOT TO BE HELD RESPONSIBLE IF YOU LOOSE MONEY BY INVESTING, I AM NOT YOUR FINANCIAL ADVISOR.

So far have learnt from internet ETF's and index funds are good, as they get expose to a lot of companies.

From my person experience I have found Spaceship to be the best of all investment types, (I have only used Uphold-Crypto, SpaceShip, Commsec, Stake)

Uphold is a scam company doesn't care about customer loosing their money, Uphold infact supports scammers in a way. So never really used their platform since then, They are a total scam company in my PERSONAL opinion.

Commsec is too expensive in fees.

And Stake also CLAIMS 0% fees, but in reality ALWAYS CHARGED ME EXTRA on market prices, than what it said on there website, so still a false statement. And I have only lost money using Stake, their free stock is BS as well, they will give you like a $0.01-$10 worth of stock.

AND a lot of people recommend Vanguard Products, especially stuff like VOO, VDHG.

I plan to use their platform, now given they are now making the account fees as 0%, BUT some fees still apply such as

ASX direct shares- 0.10% per annum
Vanguard ETFs- $9 per trade
ASX direct shares- $9 per trade

However the Investment Management fees applies

Additionally all investment options are here

I think i will go with their Vanguard managed funds with lowest fees

Upside for doing investment with Vanguard directly is Direct debit, aka regular investments, and can invest with Bpay (so may be able to use Credit cards to fund investment)

Downside- Investment management fee, NO CHESS SPONSORSHIP

Financial Investment

Related Stores

Vanguard Australia
Vanguard Australia

closed Comments

  • easoweno on 20/08/2021 - 16:17

    I am also new to this but looking into it. Correct me if I am wrong. VDHG is one of Vanguard ETFs so it still cost $9 per trade, am I right?

      • USER DC on 20/08/2021 - 16:23
        +1

        I am personally looking at Managed Funds, mainly because so that i am less drawn to emotions from sudden market fluctuations like the trading platforms cause, ESPECIALLY STAKE IN MY CASE. Since managed funds are solely for Vanguard investors (NOT TRADERS) I think it might be a better option for me

        This one seemed good to me

        Vanguard International Shares Index Fund
        VAN0003AU

        • railspider on 20/08/2021 - 17:33
          +4

          You can access the same fund through an ETF and then just bury your password in the backyard so you aren't tempted to sell when the market changes.

  • aurotaro on 20/08/2021 - 16:18
    +97

    I have a gut feeling that you're not a financial advisor.

    • Kangal on 20/08/2021 - 17:16
      +7

      I have a sneaky suspicion that he's new to finance…

  • ChickenDinner123 on 20/08/2021 - 16:23
    +29

    As a financial advisor, would you recommend I put all my money into the Bitcoins?

    • USER DC on 20/08/2021 - 16:26
      +10

      I lost all of my Crypto to some hacker, who hacked my UPHOLD, converted all assests into BTC, SENDs to some random address, UPHOLD DOES NOTHING AT ALL.

      UPHOLD DID NOT EVEN EMAIL ME AT THAT TIME OF BTC BEING CONVERTED OR SENT, (as IT NORMALLY DOES) CLEAR INDICATION OF UPHOLD WAS HACKED.

      So i personally do not invest in crypto anymore since then

      • enveloped on 20/08/2021 - 17:17
        +2

        That's the biggest challenge of investing in crypto - most people don't know how to keep them so they gave them to custodians, which is not only risky (as your case showed) but also debases crypto. Bitcoin was invented to address monetary debasement, meaning the custodians of money over-issues currency. If you buy crypto, but give it to a custodian, the debasement problem isn't solved since the custodian can over-issue crypto now.

      • happydude on 20/08/2021 - 17:17
        +15

        I will hack the UPHOLD for the bitcoin. This is good financial advice. Thanks OP.

        • alpln on 20/08/2021 - 18:23

          Keep us posted, lots of people would want to follow your lead

        • donga100 on 20/08/2021 - 18:28
          +6

          Don't bother. I did it before and only managed to get around $300-350 AUD.

      • Kangal on 20/08/2021 - 17:19
        +1

        Just for curiosity sake, how much money many Bitcoins was that?

        (I've heard the mantra, if it's not in your hardware-wallet then it is not yours repeated thousand times)

        • USER DC on 20/08/2021 - 17:21

          about $300-350 AUD (at time of loosing, Now would probably be like like $1200 ish) worth of assests, some assests around $20 USD were luckily locked up in USD lending which hacker could not convert.
          Honestly have not bothered signing into uphold since that time. I HAVE ALREADY HAD enough of them,
          Personally stopped using Brave rewards too because of this same thing, they only send BAT to uphold, which i am not willing to use in any way.

          Uphold platform is crap, they dont have any security or whatever, I had 2FA too still hacked, and no email was sent to me about BTC trading, and sending as well. SO clearly it was a problem in UPHOLD, not something else

        • Innately Incognito on 20/08/2021 - 20:44

          It's more about the keys than a hardware wallet.

          And it's less to do with hacking, and more to do with a centralised exchange or whoever you've trusted you're coins to, potentially running off with them leaving you high and dry.

          If Coinspot suddenly suspends withdrawals, most people would just be stuck without recourse. It kinda runs contrary to the whole idea of decentralisation.

          • Lord Ra on 21/08/2021 - 23:59

            @Innately Incognito: Omg, you guys have me thinking now!
            I have a few grand in crypto, in coinspot and another. How do I get it off their servers and onto mine? If my HDD fails, will I lose all that money?

  • BargainGeezer on 20/08/2021 - 16:25
    +51

    Sorry OP, but I’ve decided you’re now my financial advisor after this post.

  • PoxyRadical on 20/08/2021 - 16:27
    +21

    Stop being loose with your money! You might lose it.

  • frowny on 20/08/2021 - 16:29
    +35

    I never really understood why so many people got lose vs loose mixed up

    • Qmar on 20/08/2021 - 16:33
      +13

      That's cos we lose as a goose

    • johnyBgood on 20/08/2021 - 16:34
      +4

      because a) their b) they're c) there confused?

      • frowny on 20/08/2021 - 16:37
        +2

        Yeah that one I get, but lose/loose always confused me - see it a lot on reddit

        • capslock janitor on 20/08/2021 - 18:50
          +1

          Typo?

          Also sometimes my brain types weird things, until I proofread a day or two later, then I'm like tf?

      • CocaKoala on 21/08/2021 - 11:25

        because a) their b) they're c) there confused?

        Your funny 🤣

    • ozbargainer998 on 20/08/2021 - 16:36
      +1

      Loosen up mate

    • this is us on 20/08/2021 - 17:13
      +1

      And then or than?

    • Collabusta on 20/08/2021 - 17:25
      +4

      Don’t forget “could of” instead of “could’ve.”

      • capslock janitor on 20/08/2021 - 18:53
        +1

        you should of stopped

        • Last Seen on 20/08/2021 - 20:28
          +1

          I would of

      • eraser215 on 20/08/2021 - 22:49
        +2

        This one cuts deep into my soul.

    • BuyOrNot on 20/08/2021 - 21:43
      +2

      The bug is in the language not the users.

  • markathome on 20/08/2021 - 16:29
    +5

    ASX direct shares- 0.10% per annum

    This could be rather steep for a some investors.

  • amorn on 20/08/2021 - 16:30

    do their their Vanguard managed funds outperform the market?

    • USER DC on 20/08/2021 - 16:31
      -3

      AT VERY LEAST THEY will Kind of safeguard ME FROM MARKET FLUCTUTATIONS from stuff like DAY TRADING

      • Benno123 on 20/08/2021 - 16:32
        +23

        lol who on earth is day trading etf's?

        • JSONBourne on 20/08/2021 - 16:56
          +1

          People who buy high sell low and live to see it.

        • poboy on 20/08/2021 - 17:52
          +1

          I like my capital gains without the 12 month discount.

        • Donaldhump on 20/08/2021 - 20:41

          Day traded one last year for 15k profit.
          Now to do my tax return it’s a mess

          • ely on 24/08/2021 - 23:32
            +1

            @Donaldhump: What ETF and why did you day trade it? And why is it now a mess on your tax return?

    • nephilim on 20/08/2021 - 16:41
      -3

      If you look at the EFT, some did lose money, but most did very well.
      Still better then super, which did woeful across the board in 2020.

    • dtc on 20/08/2021 - 16:57
      +5

      it depends on which managed fund. I mean, most of them are index funds so by definition they perform the market (less fees)

    • DingoBlue on 20/08/2021 - 17:11

      Most of them are just diversified indexes, nevertheless are the sweetheart of "hands off" investing in Australia.

  • rheags on 20/08/2021 - 16:33
    +10

    You do realise the reason you hate stake you will then hate Vanguard for.

    The 0% fee on funds means they will not charge you a fee just to hold the assets for you, but you are still being charged a fee for the managed fund, it is just hidden inside the unit price, much like all ETFs have fees, just hidden inside the price.

    I would go for one of the fixed price brokers that do not charge any form of account keeping fee. Vanguard charging 0.1% just to 'allow' you to hold ASX stocks, ridiculous. They previously charged fees on everything, so what they have removed on many things for now they can easily add back.

    • Edamamme on 20/08/2021 - 17:10
      +5

      This is why I went with selfwealth. As a newbie I started in vanguards retail fund, then quickly bounced to selfwealth instead. There’s more competition broker wise now, but I’ve had nil issues with them since I began my journey.

    • netjock on 20/08/2021 - 21:00
      +1

      No such thing as truly free mate. If it is free then they just rip you off. Robinhood is meant to rob the rich to give to the poor, Robinhood 2020 seems to rob the poor.

  • Wolfy on 20/08/2021 - 16:36

    Is this something new that makes it a bargain … hasn't all of the info in the OP has been true since Vanguard launched their local product?

    • USER DC on 20/08/2021 - 16:39
      +2

      Account Fee
      until 17 August 2021 incl.

      Vanguard Cash Account, Vanguard managed funds, Vanguard ETFs, ASX direct shares —— 0.20% per annum

      Brokerage Fee
      until 17 August 2021 incl.

      Vanguard ETFs -Nil
      ASX direct shares— $19.95 or 0.15% per trade
      (whichever is greater)

      • Sweetnsour on 20/08/2021 - 18:11

        https://www.vanguard.com.au/personal/en/our-fees

        The account keeping fee (0.02%) has been absorbed into the investment management fee (0.29%). Whereas in an ETF, it’s 0.27% investment management fee.

        After 3 years, your savings in fees becomes worse off. But if you want to have a auto regular direct deposit, then managed fund may be better option for you to save “fees”. Downside of managed fund is the lack of transparency. ETFs are much more transparent products.

  • LittleTicket on 20/08/2021 - 16:38
    +19

    Why are you shouting so much OP?

    • USER DC on 20/08/2021 - 16:40
      -5

      It is another 0% $0 fee investment model. similar to SpaceShip

      • Wolfy on 20/08/2021 - 16:46
        +10

        But it's not, it's just that they hide the fees - which compared to some other products are higher - in other ways.

        • USER DC on 20/08/2021 - 16:47
          +2

          Yes you are right sorry i didn't word myself correctly

  • Lvl1pro on 20/08/2021 - 16:41
    -1

    Now it is finally worth it to invest through Vanguard direct.

    • Ryugen on 20/08/2021 - 16:45
      +5

      Is it tho? $9 vs $9.95 with SW or $5 with Opentrade if you are trading <$5000 allotments.

      I guess it is if you are brand new but nothing to entice existing customers with SW or Opentrade.

      • BuyOrNot on 20/08/2021 - 21:44
        +1

        I believe Superhero is $5 as well. (without chess)

        • 433e on 20/08/2021 - 22:21

          what's the benefit of being linked with CHESS

          • sav11 on 21/08/2021 - 23:09

            @433e: If you use a broker without CHESS they are the custodian of your shares, and if they go broke or run a scam you can lose your shares. Whereas if they're CHESS sponsored you own the shares in your name and you can't lose them regardless of what happens to the broker. You can just transfer your CHESS sponsored shares to another broker.

            • ely on 24/08/2021 - 23:31

              @sav11: The broker is still not the custodian of your shares, a third party is (Superhero Nominees in this case), so if the broker goes broke you're fine - your shares are not company assets that can be claimed by their creditors.

              If they somehow collaborate with the actual custodians to pull a scam though, then you can lose your shares.

        • HecticCrunt on 21/08/2021 - 08:47
          +1

          Superhero is free for etfs.

  • Ryugen on 20/08/2021 - 16:42
    +3

    @OP here is the link to the fees they run on all their products, including the management fees for their managed funds: https://www.vanguard.com.au/personal/products/en/overview

    Nothing is free in this world.

    • USER DC on 20/08/2021 - 16:44
      -3

      Yes but it is still better than stuff like 0.7 % forex fees or stuff like that

      • Ryugen on 20/08/2021 - 16:49
        +1

        Why are we discussing forex fees? Are you investing in US / international funds or something?

    • AussieDaddy on 20/08/2021 - 16:50

      Is "Vanguard Personal Investor" the name of a fund (the one OP is talking about here)? I've looked at that link, and even used the search bar, and can't seem to find it.

      • Ryugen on 20/08/2021 - 16:52
        +1

        Nah it's the account type vs a business / corporate I guess? It's called a Vanguard Personal Investor Account that you are opening, similar to a Selfwealth or Commsec account.

  • ruskiromka on 20/08/2021 - 16:51
    +19

    Not a deal. $9 and no CHESS. You are literally better off with Superhero, ThinkMarkets, OpenTrader, Selfwealth, and Pearler.

    • Ryugen on 20/08/2021 - 16:57
      +8

      Oh sh, didn't realize not CHESS sponsored. DEFINITELY no deal then, good pick up.

      • capslock janitor on 20/08/2021 - 18:55

        Didn't SuperHero cop some shit on here earlier this year?

    • USER DC on 20/08/2021 - 17:00
      -2

      Which one is cheapest CHESS Sponsored Platform? For low value investing ?

      CHESS IS A BIG THING I KNOW RIGHT

      • Ryugen on 20/08/2021 - 17:02
        +9

        Selfwealth or Opentrade are known to be reputable and offer cheap trading fees. Chess sponsored is important because it means your assets aren't tied to a single investment platform IE if they go bankrupt you can easily move your assets to another platform.

        OP it sounds like you have a lot of questions around investing, spend some time and do some reading. https://www.passiveinvestingaustralia.com/ is a very good knowledge source and a great place to start.

        • USER DC on 20/08/2021 - 17:05
          -4

          Thanks, Self wealth is big expensive, i would usually invest in smaller increments like under $500, and investing like that means loosing $9.5 on self wealth. Open trader seems good too, but again $5 every $500 is 10%.
          I know i can simply save up to invest bigger amount, but I just prefer smaller regular investments, that's why I REALLY LOVE SPACESHIP.

          • timtam-slam on 20/08/2021 - 17:08
            +1

            @USER DC: Have a look at raiz and spaceship for smaller amounts.

            • USER DC on 20/08/2021 - 17:10

              @timtam-slam: Have used Raiz, not really liking their $5 monthly fees, ABSOLUTELY LOVE SPACESHIP, Great for my preferred type of investing.

              • Charlie Dont Surf on 20/08/2021 - 19:19
                +1

                @USER DC: HOW MUCH MONEY HAVE YOU MADE FROM THE SPACESHIP?

                • USER DC on 20/08/2021 - 19:22
                  +1

                  @Charlie Dont Surf: my returns have never gone negative until now @spaceship, would usually stay around $3-7 max was $8, lowest was $1.24 in recent times. But I do have very little invested there, going to pull money out of savings account to invest in spaceship soon.

                  • Charlie Dont Surf on 20/08/2021 - 19:28
                    +2

                    @USER DC: I have DOUBLED my money putting it into THE SPACESHIP. Pretty good hey. But not as good as THE CBA, I invested in them when it floated for $5.40, now they are worth ONE HUNDRED BUCKS. I bathe in milk thanks CBA, thank you Pau Keating and Bob Hawke.

                    • netjock on 20/08/2021 - 21:06

                      @Charlie Dont Surf: Didn't spaceship start like 2 years ago?

                      Hardly the same comparison with CBA especially when Keating and Hawke was like 30+ years ago.

                      If spaceship kept on doubling every 2 years then it would be miles ahead of CBA over 30 years.

          • Ryugen on 20/08/2021 - 17:12
            +8

            @USER DC: This is falling DANGEROUSLY close to personal financial advice so THIS IS NOT PERSONAL FINANCIAL ADVICE, YOUR MONEY YOUR RISKS. I'M LITERALLY A RANDOM GUY ON THE INTERNET

            A popular strategy I've seen for low capital investment people is the following:
            Use Spaceship until you're close to the $5k fee free limit
            Sell Spaceship units (THIS WILL INCUR A CGT EVENT) and pull all cash out
            Use opentrader to buy ETF of choice (VDHG or DHHF or roll your own)
            Rinse and repeat until retirement or some set point in the future.

            This means you're still investing your low amounts but only need to incur the $5 trading fee from Opentrader once you have saved a sizable chunk.

            AGAIN NOT FINANCIAL ADVICE, INVESTMENT IS A RISK. I VISIT ASX_BETS ON THE REGULAR SO THAT SHOULD TELL YOU ALL YOU NEED.

          • FirstWizard on 20/08/2021 - 17:22
            +2

            @USER DC: Check Comsec Pocket. Let's you trade a handful of ETFs they've selected (Spaceship doesn't even give you an option when I checked last), fees start from $2/trade.

            The best thing is they are CHESS sponsored.

          • Mr Krinkle on 20/08/2021 - 17:54
            +4

            @USER DC: $5 from $500 is 1%

            • USER DC on 20/08/2021 - 17:55
              -1

              @Mr Krinkle: Just shows clearly my maths, and finances :(

              • Mr Krinkle on 20/08/2021 - 18:03
                +6

                @USER DC: You're trying to learn which is more than what most people do and you're giving investing a go which is great. You've identified a way to potentially get your money working for you.

                Remember that if it was easy then everyone would be able to do it. Keep researching as you are and your financial knowledge will grow and your investment choices will become better and better.

                Best of luck and keep researching and understanding where your money is going.

                • USER DC on 20/08/2021 - 18:09

                  @Mr Krinkle: I am still one of those people with quite low risk tolerance, always kept money in Savings account, West pac savings account is really good, having a steady 3% maximum income from there every month (~$75 each month)

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