Probably a stupid question …
How can I purchase an ETF? Can I do it through Commsec?
How Can I Purchase an ETF?
coffeesnob085 on 27/08/2024 - 15:19
Last edited 27/08/2024 - 15:23 by 1 other user
Last edited 27/08/2024 - 15:23 by 1 other user
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We’ll automatically waive the brokerage fee on the first 10 trades up to a maximum trade value of $50,000 each and placed on or before 31st January 2025
Next question is…Which one?
The E & T stand for Exchange Traded. which means you purchase them any where you buy listed ASX stocks. So yeah, Commsec or similar platforms.
Depends where the ETF is listed. If in Australia, then Commsec can do it
I am with them but wouldn't recommend them. The app sucks, it always logs you out and forgets your biometrics. The UI is too social media like. The fees are okay, not the best but not too bad. Sign up process was also a bit of a pain too.
haha i signed up with them years ago…thinking i will stuff around with crypto , make some cheeky gains , withdraw, and put it into something safe via sealthwealth and sit on it instead.
nekminit.
A great general resource is:
https://passiveinvestingaustralia.com/online-trading-platfor…You sign up to one of these (provide ID, some information on where you live etc.), then you transfer money in from your bank account, and put in a purchase order (I want to buy $1,000 worth of an ETF you have selected). That's all there is to it. You can then sell that ETF whenever you want, or keep it forever etc.
Most people would recommend 4 brokers at the moment for purchasing ETFs generally though
- Stake - Cheap fees ($3 per brokerage up to $30,000), so easy enough to buy stocks. And their UI/app is the most modern of the lot. If you transfer over $1,000 of existing stock you get 12 months of free trading. I think this is the one most recommended generally at the moment but see below.
- CMC Markets - No fees (if buying under $1,000 in a day). So if you want to manually buy stocks regularly for under $1,000 these would be great. Pretty out-dated app/UI though.
- Selfwealth - Most expensive fees ($9.50), but if you're buying huge amounts ($100,000+) they are great value. Haven't really changed much from 5 years ago though, and they have some weird social features on their site which is a bit offputting (e.g., "Are you in the top 20 or bottom 20% of investors? Find out where you stand!").
- Pearler - easy to set up regular auto-investments. Their fees are average otherwise.
I'd suggest reading through that first link though to understand what's out there in full.
Of those 4, is Pearler the only one that does regular auto-investments?
CMC Market with fast transfer, I can do a weekly buy from account transfer to order complete in a min or 2 while having lunch
Don't need auto invest if you can set a calendar reminder:)
I’m using Vanguard, it’s automatic but the downside is it’s not CHESS. So looking for something better
@fredblogs: I don't think it's that big a deal if you're just buying vanguard etfs
(I also have a vanguard account doing auto invest)@SBOB: Agree - I just prefer CHESS if it's possible.
I made the mistake of buying Vanguard managed funds instead of ETFs (FML)
@fredblogs: Really not much difference and I wouldn't stress over it or call or a mistake. There is millions and millions of dollars being held within their managed fund options.
Ive got a heap of managed fund vdhg ,but also now buy ETF based vas and vgs.
The differences aren't going to be life changing between an ETF and managed fund options, with managed fund via vanguard having the benefit for auto invest as it can buy partial shares whereas etfs are only whole parts
@SBOB: I'm specifically talking about the CGT disadvantages of managed funds vs ETFs - is that what you were referring to also?
@fredblogs: For the same fund,
If you're starting from 0, sure pick the etf version of whatever you're investing in, to save a little ongoing cgt (though buying vghd already has some additional tax drag anyway)
I wouldn't stress the differences.If you're trying to reduce cgt and tax drag, then alternatives to vdhg like dhhf would be better, or buying underlying etfs (vgs, vas, etc) would be less.
But also depends on value vs effort.
Even on $100k balance I don't think you'd stress the differences enough to really matter.Main aim is pick a strategy and stick with it :)
betashares direct, awesome website where you can screen etfs and free brokerage
But without CHESS sponsorship if that matters to the investor?
Love Betashares direct for ETF, using it for over 6months now. One can invest as low as $10 in any ETF without any brokerage.
LOL if you cannot figure out how to simply purchase an ETF, I put it to you that purchasing ANYTHING at this stage this may not be such a good idea.
As there's a lot more to investing than purchasing something.
https://passiveinvestingaustralia.com/
Read that site 'from front to back' and only then purchase something
If you’re buying vanguard etf, sign up for a vanguard personal account for fee free brokerage
But be aware that it’s not CHESS
Cheers. Was not aware.
Thanks everyone for the replies. I have lots of saving to do before I can afford to buy any. The resources you’ve given me should keep me busy while I do that.
As you've now added some extra context via your other post, I don't think anyone mentioned CommSec Pocket which has a $50 minimum compared with $500 for CommSec
Oh thanks for that
Betashares direct allows fractional investing with no minimum
Allow you to start small with common recommended options (eg DHHF for an all in one, split of something like VGS/VAS etc) without needing to reach a minimum initial and also get into the habit of regular/consistent market investing
What ever happened to rektrading? 🎯 🔫
In the Commbank app go to View All Features > Investing.
Then follow the simple steps to set up your Pockets account which lets you trade 10 different ETF’s.
They provide learning material in the app too which you should read first of course.
https://www.commsec.com.au/education/commsec-learn/spotlight…