This was posted 3 years 21 days ago, and might be an out-dated deal.

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$0 Brokerage on ETF Buy Orders until 2022 for New & Existing Customers (Was $9.50) @ SelfWealth

6050
$0 Brokerage on ETF Buy Orders until 2022 for New & Existing Customers (Was $9.50) @ SelfWealth
Go to Deal
unco on 01/11/2021 - 08:38 selfwealth.com.au (3824 clicks)
Last edited 05/11/2021 - 21:16 by 2 other users

For new or existing customers.

Details taken from the site.

  • We’re offering this for ‘buys’ only; we’re trying to get more people into the long-term game of ETF returns so you won’t be able to sell ETFs for free.
  • We’re defining a ‘buy’ as buying units in an ETF with cash from your SelfWealth AUD cash account
  • The order must be filled before the end of the promotion period (the Aussie market chiming shut on January 4), and any orders filled after this date will incur brokerage.
  • This last point won’t matter to 99.999% of you, but just for any high-rollers out there getting excited: SelfWealth is reserving the right to limit the number of free brokerage trades on ETF buys on our trading platform or by any member or portfolio during this promotion if we deem the number of trades to be excessive.

Referral Links

Referral: random (495)

Both referrer and referee get 5 free trades for use within 1 month.

Financial Brokerage Exchange Traded Fund

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closed Comments

      • bio on 01/11/2021 - 10:33
        +18

        Diversification is for people that can't invest.

        …or for those who can't see the future.

        • rektrading on 01/11/2021 - 10:36
          -3

          Nobody can see the future but everyone can see a trend.

          People that think that they can trade against the trend get rekt. People that follow the trend, take profit along the way get to keep their capital and make gains.

          • Malik Nasser on 01/11/2021 - 11:20
            +4

            @rektrading: Momentum trading is good, however it is only for those who actually want to spend time looking into shares. This is not for most people.
            Most people just want a set and forget strategy. Set and forget strategies require diversification. For most people, selecting a couple of ETF's is their best choice.
            If you do have the time and inclination to study shares, then concentration of portfolios can give you much larger returns.
            Marcus Padley would also agree with you. As he has previously mentioned, know everything about just one stock and watch it like a hawk. However 99.999% of people would not do this.

            • rektrading on 01/11/2021 - 11:32
              -2

              @Malik Nasser: You're right.

              People that don't know how to invest diversify, get 7% 1Y and are happy. They also spend more time working.

              People that know how to make their money work smarter, buy the best performing stonks that make >30% 1Y and spend more time doing what they enjoy.

              • Malik Nasser on 01/11/2021 - 11:41
                +1

                @rektrading: Not everything is about money. If someone enjoys their work, then thats great for them. If looking at investing is not interesting to that individual, then changing their current lifestyle to try to make more money is not the way to go.
                Everyone has to decide what type of life they want to live.
                Clearly investing is an option, but it does take time and work. It is much harder initially but gets easier with time. Not everyone will be willing to put in the work initially and get through to the other side.
                The other downside to share investing is that it is not adding any value back to society. You are doing it for your own needs.
                For people that are looking to make an impact, then spending their time investing in not time spent wisely.

                • rektrading on 01/11/2021 - 12:10
                  -1

                  @Malik Nasser: Money is the second most important thing in the world.

                  Society programs children at a very young age to work hard so that they can get rewarded. They then get to high school where they learn subjects to mould them into cogs. Then they go to uni or technical colleges to fine-tune their skills to be able to enter the workforce, do as they're told and earn money to pay the bills.

                  At no time in this process are they taught how to deviate from this structure by using money to earn money and hence break free from the treadwheel.

                  People buying pristine assets that yield >30% 1Y will improve their financial freedom compared to the chums that slave at work only to end up with 7% 1Y.

                  • Malik Nasser on 01/11/2021 - 14:44
                    +1

                    @rektrading: The current education system has both pro's and con's.
                    One of the largest con's is the lack of finance education being taught. Considering money plays a central role in all of our lives, I find it absurd that it is not a core part of the curriculum.
                    Who even knows what money really is? If your child where to ask you five questions about money would we all be able to answer them? Not likely.

                    The education system should also focus on teaching people to teach themselves. The amount of time available throughout our school lives is limited, so not everything can be taught. They need to focus on the basics (those things that people use in everyday life - including financial education), then allow the older students to decide which path to take, and to learn accordingly.

                    The core of life and our time here is not to make money. It is a tool just like many others. Clearly it plays a central part to all of our lives and having more give you more opportunities, but just focussing only on money is missing the point.
                    I agree with what you are saying, but there is more to it.
                    If you dont have money/assets, then focussing on accumulating is important.
                    If you do have money/assets, then focussing on getting more is not the right mindset IMO.

              • mungicide on 01/11/2021 - 22:41

                @rektrading: i have done lots of momo trade but realized it's just another form of work which i felt more stressful. After a while >100% gain becomes meh…
                Makes me realize I actually enjoy my usual work and be happy with the 7%. More fun when invest/trade is a hobby.
                don't get wrong when you get to wine and dine with brokers trying to lavish you but after a while it's just another form of work.

      • drfuzzy on 01/11/2021 - 11:10

        Charlie Munger calls it diworseification.

    • Malik Nasser on 01/11/2021 - 11:13
      +2

      This depends on you. If you are asking this question then I would have to assume you dont want to be spending an inordinate amount of time researching into lots of individual companies. Therefore just pick a couple of ETF's which you like and only invest in them. You dont need to pick lots of different ETF's.
      Go with a core and satellite approach.
      With the core, go with something like VTS (or DHHF has also been suggested). The core should make up the largest portion of your portfolio.
      For the satellite positions (smaller positions), pick ETF's in sectors you think will do well in future. Things I am looking at: Betashares Global Robotics and Artificial Intelligence ETF (RBTZ), Betashares Global Cybersecurity ETF (HACK), Vaneck Morningstar Wide Moat ETF (MOAT), Fidelity Global Emerging Markets Fund (Managed Fund) (FEMX).
      Look for sectors or regions which should be considerably larger in future.

      • ninnypoop on 02/11/2021 - 08:14

        I like this approach.

        In terms of distribution, would you say 60% to the core position and then 10% to each satellite position is about right? Or is that too much in on core?

        • Malik Nasser on 02/11/2021 - 09:29
          +1

          That sounds fine.
          Note that the core is an ETF that covers 4,000 different companies (for VTS, or 8,000 for DHHF). So you automatically get instant diversification with that one ETF. Historical performance has also been good, so you cant really go too wrong, as long as you hold it for the long term.
          Your satellite ETF's just add some extra weighting into that particular sector where you think you can get some extra outperformance.

    • rooboy316 on 01/11/2021 - 12:14

      Reddit's favourite - VDHG.

      And all the usual disclaimers about depends on your personal circumstances, risk profile etc.

    • Wildozer on 01/11/2021 - 23:42

      VDHG is the recommended set and forget. It has a bit of everything, domestic and international from multiple sectors. Has performed well in the past.

      If you want to try and pick certain markets out then look at the different Vanguard and Betashares offerings.

      • idonotknowwhy on 04/11/2021 - 09:42
        +1

        Has performed well in the past

        Has it though?

    • USER DC on 02/11/2021 - 00:00
      -1

      NOT A FINANCIAL ADVISOR, But Look at HGEN, gone up so much still a lot to go up.

  • Kongzi on 01/11/2021 - 09:39

    So…Stake is CHESS sponsored & has $0 brokerage fees. This is now way better than SelfWealth who is pretty much known to be the lowest brokerage fee at $9.50. Does anyone know if this is like a temporary new sign up thingy or is it going to be long-term? Might be worth changing brokerage account now.

    • bisaya on 01/11/2021 - 09:46

      I thought stake was only no asx brokerage until 2022.

      SW is no brokerage on ETFs till 2022.

      Long term we'll still pay (which is i think is fair)

    • congo on 01/11/2021 - 09:47
      +1

      Stake $0 is limited time only (beta)
      Not sure what the price will be next year?

      • blighst on 01/11/2021 - 10:36

        $3 per trade

        • EnALup on 02/11/2021 - 09:56

          Can we move our investments from Stake to SW next year if these are CHESS sponsored?

    • nix1016 on 01/11/2021 - 09:50
      +1

      It’s temporary, IIRC it’s $3 per trade after the promotion

    • KJ1020 on 01/11/2021 - 12:32

      Is Stake still $0 brokerage fee for ASX even though if i sign up now?

      • Charlie Dont Surf on 01/11/2021 - 14:04

        No, that's just during their Beta phase, which concludes at the end of this year. If you join now, you will be put on a waitlist, and there's not much likelihood that you'll get onto the Beta. I think the current waitlist is around 40,000+?

  • CyberMurning on 01/11/2021 - 09:39
    +1

    question:
    if using selfwealth and that Stake, will we get comprehensive tax report (cgt, loss, franking, foreign income, cost base changes due to splits etc, etc) ?
    so we can use that report to plug in the numbers in ATO onlin (with tax reference number for example 10L for interest, D8H for expenses, etc)

    • congo on 01/11/2021 - 10:18

      Their platform is very basic, so I imagine the reports to be basic as well

      • CyberMurning on 01/11/2021 - 10:31
        +2

        thanks. people who have account can share please ?

        • Charlie Dont Surf on 01/11/2021 - 14:14
          +3

          Selfwealth: Yes - the AMMA reports come from Vanguard, BetaShares etc themselves - and can also be found at your account with the share registry (Computershare, Market Link).

          Stake: It's still in the Beta phase, but no reason to expect it won't be exactly the same as SelfWealth, as you have an individual HIN and the investments will be recorded at the share registry as well.

          Superhero: When I initially joined, they had no tax reporting. But in the past month they have commenced providing an AMMA Statement. This won't be reproduced at the share registries though, it's just housed at your Superhero account.

    • eecchhoo on 01/11/2021 - 10:34
      +6

      I bought some vanguards etfs managed by computershare and they are auto filled on ato website or you can download for tax return purpose. So it’s pretty easy, it tells you the parts you need fill under managed fund tax return.

  • valleyrain on 01/11/2021 - 09:40
    +2

    They started the promotion at 10am AEDT, October 27, 2021, but announced it in their blog only today 1 Nov? Why the delay?

    • JSONBourne on 01/11/2021 - 10:12

      You get the red tape ready before you need it

  • star-ggg on 01/11/2021 - 09:42
    +1

    Need an ASX uranium ETF

    • timtam-slam on 01/11/2021 - 10:18
      +1

      /r/asx_bets has a guy doing his own that's been pretty successful. Not an ETF, just a spread.

    • fivespice on 01/11/2021 - 10:39
      +2

      Why uranium?

      • NoApostrophePlurals on 01/11/2021 - 11:35
        +1

        Nuclear power is the future, along with renewables

        • Ash SA on 01/11/2021 - 12:07

          Lithium, Vanadium and REE. EV boom is on the horizon mate, so these are not to be missed for heavy gains.

          Uranium goes up and down based on assumptions and public opinion at times. But yeah, green energy will be a thing pretty soon so expect gains.

          • dcep on 01/11/2021 - 23:22

            @Ash SA: lithium/vanadium/ree/uranium , they all have gone up a few 100% ….

            • ninnypoop on 02/11/2021 - 08:18

              @dcep: Are you saying the horse has already bolted and it's not wise to jump in since they have already gone up so much?

              • dcep on 02/11/2021 - 09:40

                @ninnypoop: depends if you think the upside is endless
                find a lithium or uranium or rare earth stock , and check the past history of share price boom bust cycle movement

                • Ash SA on 02/11/2021 - 14:00

                  @dcep: You are absolutely right mate. Words spoken by a legend.

                  I work with my disposable income only and am ready for any side.

                • Ash SA on 03/11/2021 - 10:46

                  @dcep: AZL boom boom boom :)

                  Even if someone would have bought yesterday at 11c, now it is 15c !! And it is after the VWAP is out and placements shares are still coming.
                  20c-25c is what we are looking here I guess.

          • ninnypoop on 02/11/2021 - 08:17

            @Ash SA: Recommend some tickers for these? Or even a ETF?

            Think they still have room to grow?

            • Ash SA on 02/11/2021 - 13:58

              @ninnypoop: See guys,

              when someone is selling a stock after making 100%, the buyer is buying for making more money. market does not know the difference who is holding and who is selling. Someone's trash is another person's gold…i mean lithium.

              Yep, I know they have run 100%…I made 1700% in one year on AGE , 1000% in AZL (HWK) and still holding it. I sold 50% of my AZL holding at 72 and now it is 105… guess who is winning.

              There is a difference between a blue chip, large cap, mcap and penny stock movements. But each to their own mate.

              I have 24 yrs of experience in stocks so pls dont jump looking at my massive returns people. I learnt in a hard way and have lost big chunks in past.

              My ver personal opinion :
              1. battery material will be going up in ST to MT. For LT, there would be changes in battery building tech so keep your eyes open.
              2. Gold will make a recovery and shall hit the roof.
              3. silver…naah… i am not in it and dont follow it either
              4. Uranium goes up and down - so swing trading can make money. Risky but great rewards.
              5. Only put the amount which you can digest losing. Do not put life savings in penny stocks. NOT.

              Mate i can give few tickers but i am not a financial advisor and any losses occurred would be tailed to me then. sorry.

              P.S. - i am the dumbest of the lot and have bought APT and ZIP in early days and sold for 300% gains and was thinking i am good. lol

              • Ash SA on 02/11/2021 - 14:08

                @Ash SA: IBX is heavily bought stock on asx. It is either going to produce few millionaires or if things dont work out nice - well, Centrelink will be overwhelmed. Not kidding.

                If gold makes a recovery, RGL and CUL will be pumped hard. Not a financial advice and nothing against the stocks or companies.

            • Ash SA on 02/11/2021 - 14:12

              @ninnypoop: I don't trade ETFs as I don't want to pay someone to manage stuff for me which i know most of the time.

              one tip i can give you is - follow the people on selfwealth who made HUGE profits in recent months and collate their holdings. you will get the idea abo9ut market and trends pretty easily.

  • Looking4Bargians on 01/11/2021 - 09:47

    Newbie here… SelfWealth or Vanguard which one to choose. ( No or less fees in/out EFT)

    • life is suffering on 01/11/2021 - 10:06

      With vanguard it's only Vanguard's ETFs ?

    • congo on 01/11/2021 - 10:18
      +3

      SelfWealth.

      • Proteus on 01/11/2021 - 11:22
        +3

        Selfwealth due to CHESS sponsorship - means you own the shares in your own name.
        Vanguard Personal Investor is a custodianship model - means they own it with you as the named beneficiary.

        While it is unlikely that Vanguard would collapse, I would recommend doing anything to minimise the risk of your investments, which includes the risk of having your share broker / investment platform collapse (in a custodianship model) and then you having to go through a legal fight to try and get your shares back.

    • Malik Nasser on 01/11/2021 - 11:23

      Why select just one?
      Setup a few different accounts and test them out for yourself.
      What are you looking for in your brokerage platform? If low fees are you primary requirement then go with Stake or Superhero (I guess SelfWealth sort of falls in here as well). However their platforms are very basic.
      It all depends on your needs.

  • Mokr on 01/11/2021 - 10:13

    Which ETF is best for long term wealth growth. Low divided etx?

    • f4te on 01/11/2021 - 10:44
      +4

      DHHF

      • star-ggg on 01/11/2021 - 10:55
        +1

        Good diversification, low cost fund. Not sure why it's called high growth though. It's really just an international fund with overweight in ASX200.

        Name Currency Weight (%)
        VANGUARD TOTAL STOCK MARKET ET USD 0.377999
        BETASHARES AUSTRALIA 200 ETF AUD 0.35212
        SPDR PORTFOLIO DEVELOPED WORLD USD 0.201168
        SPDR PORTFOLIO EMERGING MARKET USD 0.066609

        • WillKillfor5Cents on 01/11/2021 - 19:53

          since DHHF charges MER of 0.19% and there's MER on VTI too, does that mean if you buy this bundled products you are paying fees twice then? Can anyone confirm?

          • star-ggg on 01/11/2021 - 20:28

            @WillKillfor5Cents: The MER comes directly out of the fund returns so I would assume so. Good point, so it's not actually a low cost fund. More like double cost fund.

            • patryn on 01/11/2021 - 21:46

              @star-ggg: I'm pretty sure Betashares said that the MER includes the subfunds' MERs, so you should only be paying once. Hopefully someone can correct me if I'm wrong!

          • duffydavid on 01/11/2021 - 21:47

            @WillKillfor5Cents: I have not researched this directly with Betashares but after reading the PDS it seems it actually is just the .19%.

            In addition in a discussion on reddit about the DZZF (similar to DHHF just made up of ESG screened funds) someone said Betashares confirmed that the fees of the etfs it contains are not charged as well as the overall one.

          • f4te on 03/11/2021 - 08:18

            @WillKillfor5Cents:

            DHHF charges MER of 0.19%

            Be aware there's a tax drag with DHHF that brings it's MER to 0.28% (source)… that said I'm told it's more tax efficient than VDHG so it's a much of a muchness.

      • ninnypoop on 02/11/2021 - 08:22

        How does DHHF compare to VDHG?

        • f4te on 03/11/2021 - 08:27

          They're both roughly 36% Australian shares, but VDHG has 10% bonds/fixed interest (i.e. not growth) that DHHF doesn't have.

          DYOR on that one, but I figure I have enough money tied up in other things that I don't need more non-growth in this investment stream.

    • Malik Nasser on 01/11/2021 - 10:53

      My preference is: Vanguard US Total Market Shares INDEX ETF (VTS)
      Check out its 10 year performance: https://www.marketindex.com.au/asx/vts
      This covers around 4,000 shares on the USA market.
      For more information: https://www.vanguard.com.au/personal/products/en/detail/0970…

      • SolitaryMan on 01/11/2021 - 15:30

        What’s the relevance of its 10-year performance?

        • Malik Nasser on 01/11/2021 - 23:01

          The 10 year performance will give you a general idea of the expected returns.
          There is the saying that past performance is not an indication of future returns, however I dont know what would give you a better indication.
          If you see the returns over 10 years are generally steady and to the positive direction, I think it is probable that they will continue (why would it change now?).
          When it comes to investing there are no guarantees. All you can do is research and use the tools available to make an informed decision. The 10 year performance chart is one of those tools.
          I would prefer a stock/ETF that goes up to the right like VTS: https://www.marketindex.com.au/asx/vts
          Not a stock/ETF that is all over the place or goes down to the right like BEAR: https://www.marketindex.com.au/asx/bear

          • boomersgold on 05/12/2021 - 22:51

            @Malik Nasser: Are there any other tools / websites you use to make an informed decision? Just got into investing so any good resources would be extremely helpful.

    • firestint on 01/11/2021 - 19:39

      Buying regularly into DHHF here as well. Another very similar option is VDHG which has ~10% of bond and fixed income so not just all shares.

  • fivespice on 01/11/2021 - 10:44
    +1

    So to confirm:

    • With SelfWealth, if I purchase x units in a Vanguard ETF; I won't pay upfront brokerage but I would still pay the management fee?
    • With Stake, if I purchase US stocks; I won't pay upfront brokerage but I will pay some FX fees plus some administrative costs for purchasing US shares?
    • Proteus on 01/11/2021 - 11:19
      +1

      Yes to Selfwealth.
      Don't know about Stake.

    • Charlie Dont Surf on 01/11/2021 - 11:28
      +1

      Correct.

      (Edit: Just to clarify The admin fee on Stake is small (and fixed at $5 irrespective of amount) and occurs when you fund your account - it is called a "US tax-form fee")

    • Malik Nasser on 01/11/2021 - 11:32
      +3

      All ETF's have a management fee. However you dont actually 'pay' any fees, it is directly deducted from the NTA of the fund, which then affects it share price.
      For Stake (and Superhero), you only pay a foreign exchange (FX) fee when converting from AUD to USD (USD to AUD). Once you are in USD you can buy and sell as much as you want and wont pay anything extra (no brokerage fees, and no administration fees). Just keep your funds in USD. The only time you convert your funds back into AUD is if you no longer want to trade in the US market, or you urgently need the funds.
      Please note there are some other share brokerage platforms which store your funds in AUD only, and when you want to purchase a US share they will automatically convert to USD (charging you a FX fee), then a brokerage fee. Then on selling the share will sell in USD (with brokerage fee), then automatically convert back to AUD (with another FX fee). So you get charged excessive fees every time you want to trade. So make sure you do your research and steer clear of these rip off brokers.

      • SolitaryMan on 01/11/2021 - 15:32
        -6

        You really need to stop commenting.

        Why do you think brokers provide their service for free? Hint: it’s not because they’re charities for people who don’t want to pay brokerage.

        • rektrading on 01/11/2021 - 15:43
          -1

          It's time to do away with brokers and buidl maker/taker markets.

          DEX stonks will be the future of trading.

        • Mrgreenz on 01/11/2021 - 18:31

          He made a solid informative post…..

          Why dont you spell it out for us dummies?

          • SolitaryMan on 02/11/2021 - 01:02

            @Mrgreenz: Pretty simple to look it up if you’re trusting these types of firms with your money.

            They sell their order flow on to larger firms (e.g. algo traders) so whilst you might save on brokerage you’re not going to get the best price.

            Why people think they’re getting something for free is beyond me.

            • Mrgreenz on 02/11/2021 - 18:09

              @SolitaryMan: Do you have any evidence of this, or is it just guilty by association?

              • SolitaryMan on 03/11/2021 - 19:19

                @Mrgreenz: Given I didn’t single out any particular firm I’m not sure how you can claim anyone is guilty by association.

                Its common knowledge that this is how the “free brokerage” firms cover their costs (because they do have costs, many of them, including costs for every line traded by their clients if they go via ASX trade/Chi-X instead of into a dark pool run by a HFT).

                How else do you think they can provide such a service for free?

                https://www.wsj.com/articles/how-robinhood-cashes-in-on-the-…

                • Mrgreenz on 03/11/2021 - 19:38

                  @SolitaryMan: Fair enough, I assumed you were implying that Selfwealth are undertaking this, but re-reading the comment flow it is said in a more general manner. I hope Openmarkets aren't undertaking this activity, would certainly not be happy if they were.

                  Thanks for the info.

                  I haven't looked into how the "free" brokers make their money, because up until now I have never been exposed to the "free" offerings. I am hoping that this current foray by Selfwealth is just a loss leader to get punters in the door for their paid trades.

    • blighst on 01/11/2021 - 13:48
      -1

      That's right, but Stake have just launched ASX market access, where you won't pay any brokerage, but you will 'pay' mgmt (identical to Selfwealth). It's not really pay, it's just amount deducted from the ETF's performance - so the ETF's price takes that into account.

      Next year Stake is $3 brokerage, Selfwealth is $9.50 brokerage

  • Proteus on 01/11/2021 - 11:04
    +1

    Yay, wonder what they will do in response when Stake has officially launched?

  • EvanSuquad on 01/11/2021 - 11:16
    +5

    Nice Promo, and I think they've recently upgraded to instant deposit.

    • funnysht on 01/11/2021 - 20:01
      -2

      I tried instant deposit and took 3 days so nah it isn't instant

      • kgree92 on 02/11/2021 - 08:11
        +1

        It is instant - your bank has to have OSKO/Payid

        • funnysht on 02/11/2021 - 08:21

          i used NAB and it took like 3-4 days twice…

          • kgree92 on 02/11/2021 - 08:30
            +1

            @funnysht: I use NAB too and I got instant transfers

          • eptrade on 03/11/2021 - 23:40

            @funnysht: Use nab mobile app to transfer funds during business hours. It will pay using osko.

  • hoangdekiem on 01/11/2021 - 11:29

    can you transfer out of Selfwealth in the future without fees with this promotion?

    • funnysht on 01/11/2021 - 20:02

      Do you mean tf out money in your deposits..yes I think.

      • Thrifty McGifty on 01/11/2021 - 21:41

        I think they mean transfer out your chess holdings to another broker. I assume so, but I don't know.

  • Francis82 on 01/11/2021 - 11:38
    +1

    Just a question , totally new too share trading and financial markets but looking to make some money over it just sitting in the bank doing nothing.
    Any suggestions to which ETFs or something that manages itself ,without having to have a great financial knowledge or alot of spare time to research or keep with the trends.
    Don't have enough for a deposit for a house at moment and worried there's gonna be a shit storm in the property market ,so assuming shares is a safer way too invest?
    Any advice ,much appreciated 🙌

    • Charlie Dont Surf on 01/11/2021 - 11:42
      +9

      My advice would be to find the time to do some research. At the very least, you should have a read through some sections of this: https://www.passiveinvestingaustralia.com/

      Read all of the "Common Questions", and some sections from "Building a Passive Portfolio".

      • Francis82 on 01/11/2021 - 12:07

        Many Thanks that looks a great read🙌🙌, how much time would put into speculating or managing your shares/ investments per day/ per week?

        That's probably my biggest fear as I'm a shift worker and not going to be able to give it a fair go timewise.

        I know you can't predict the future ,but would anyone say the crypto horse has bolted? Or more room for growth? Seems a murkier world for investing, from someone that just hears the occasional news headline about it's dramatic price up and downs

        • Charlie Dont Surf on 01/11/2021 - 12:17
          +3

          Without wanting to give specific advice or a recommendation, for someone like yourself who seems to be "time-poor" and probably not that interested in spending a lot of time monitoring your investments, I think that section on INDEX FUNDS is probably where you should be focusing - at least initially..

          An index fund ETF is one which is designed to mimic the composition and performance of a financial market index. That index could be the Australian sharemarket (ASX), the US sharemarket (S&P 500) or the global sharemarket (MCSI World). These are broad indices, so you're capturing the overall movement in that market, not just that of a specific company or a few companies.

          Boring for some, but it's a good starting place for most investors. And the management fees are usually lower than for niche ETFs - you're looking at a fee somewhere from 0.02%pa to 0.18%pa.

          • Francis82 on 01/11/2021 - 12:49

            @Charlie Dont Surf: Cheers much appreciated ,it's as much about building knowledge and confidence over time,rather than jumping into the big pool straight away and get overwhelmed.

            • Charlie Dont Surf on 01/11/2021 - 12:53

              @Francis82: No worries.

              I completely forgot to mention the "All-In-One Funds" such as Vanguard's VDHG or VDGR (that is their ASX code) - these are all-in-one funds which give you exposure to different asset classes (not just equities) and are automatically rebalanced by Vanguard. It is a "set-and-forget" option and gives you more diversification than Index Funds. These are also discussed in the Passive Investing link I posted earlier (Building a .Passive Portfolio - point #12). The management fee for these are marginally higher than for Index Funds, but are popular vehicles for new investors.

              • Francis82 on 01/11/2021 - 13:02

                @Charlie Dont Surf: Sweet thanks very much! You sound like you've a fair amount experience in the investment world,if you don't mind me asking how much time would you put in a day/ week Into keep things ticking over /be moderately successful.

                • Charlie Dont Surf on 01/11/2021 - 13:20
                  +1

                  @Francis82: It doesn't need to be a daily/weekly thing, unless you are an active trader who is moving in and out of positions within a short timeframe (hours/days/weeks). Sure, you might open the app during your lunch break and see how the market is going, but that doesn't count?!

                  If you're a medium to long term investor, you could just set up your portfolio and then let it run. Although with this freebie from SelfWealth, you could "dollar-cost-average" into the market at zero cost ie. instead of investing $10K on Day 1 at price X, you could invest $1K per week for 10 weeks at price X1, X2, X3 etc.

                  Regular, disciplined investing into an ETF such as VDHG or IVV is a good thing, but brokerage costs money. Stake at $3 and Superhero at $0 for ETFs is low cost though.

                  • Francis82 on 01/11/2021 - 13:30

                    @Charlie Dont Surf: Many thanks for the wise words mate 🙏🙏 ,sounds like I've a bit off reading too do 😊🙌🙌💪💪🙌

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