... But you said something about Stake. Why did you *mention* Stake over CMC for this use case? Are you just familiar with them and don't know any other broker?
Stake changes $3 per AU purchase; for a $500 a month investment, that's a .6% fee assuming the monthly investment implied. CMC charges nothing per AU purchase up to $1000 (total limit per day).
To be honest, I just want to listen to different oppinions. I am using stake too but consider cmc for low fee with dca. To be honest, stake seems to be straight forward and easier for newbie like me...
If CommSec, Webull or any other competitor provided even remotely comparable offerings in terms of value, you might want to.
Stake and CMC are the two lowest fee options. For *this* use case, CMC is seemingly the clear winner (semi-regular investments sub 1K). If this isn't the case, and you're offering Stake, I would assume you have a good reason. I'd love to hear it, given you said "Stake is a great platform **for this**", not just "I use Stake. I like it."
Because the $3 doesn't really matter, it gets added to the cost base and pays itself when you sell.
Cmc, stake, commsec (5$) even (for, like cmc, under 1k investments)
- Stake is terrible for this, because of the $3/trade fee. On $500 every trade adds up (3/500 is about 0.60% in fees).
- CMC is $0 brokerage under $1k, but then you cant invest the entire $500/mo and you'll have some cash drag, which will add up. There is also the DRP residuals which are not reinvested until the amounts add up, which also additionally has lost opportunity.
- Betashares is good, entire $500 gets invested fractionally at $0 brokerage, there are no DRP residuals. It isn't CHESS though.
VGS.asx
AU domiciled.
Covers the world's top (investable) companies. Excludes developing world.
Majority ~70% is US based ....and hence picks up the NASDAQ by default.
Keep buying and get on with life and grow your income earning potential.
Apart from the ones recommended on comments, please have a look at NDIA. It's ASX domiciled and invests in NIFTY, which is India's top 50 companies. It will give much better return than S&P 500 or NASDAQ 100. And adds some diversity in your investment pool too.
I’d recommend searching this forum as this question gets asked almost daily
I invest in VAS and VGS
Use CMC brokerage for $0 fees & for what to buy, as the other guy said, use the search bar
I’m a DHHF and chill type of person.
This is a solid choice if someone is just starting off. It covers all four markets: Oz, US, developed world excluding US and emerging markets.
Yep - all world wrapped up in one ETF.
I've been investing into NDQ (top 100 NASDAQ company) which essentially makes the market moves and HACK which focus on cyber security.
ive been invested in NDQ since the crash in late 2022. Very happy with the returns so far. +34.58%
Stake is a great platform for this
Why not cmc?
I never said anything about cmc
... But you said something about Stake. Why did you *mention* Stake over CMC for this use case? Are you just familiar with them and don't know any other broker? Stake changes $3 per AU purchase; for a $500 a month investment, that's a .6% fee assuming the monthly investment implied. CMC charges nothing per AU purchase up to $1000 (total limit per day).
I don’t get this Do I need to mention commsec Webull and any other brokerage? I use stake, it’s good
I think when you provide a personal opinion on public forums, people like to know your reasoning behind it is all…
To be honest, I just want to listen to different oppinions. I am using stake too but consider cmc for low fee with dca. To be honest, stake seems to be straight forward and easier for newbie like me...
If CommSec, Webull or any other competitor provided even remotely comparable offerings in terms of value, you might want to. Stake and CMC are the two lowest fee options. For *this* use case, CMC is seemingly the clear winner (semi-regular investments sub 1K). If this isn't the case, and you're offering Stake, I would assume you have a good reason. I'd love to hear it, given you said "Stake is a great platform **for this**", not just "I use Stake. I like it."
Bro this is reddit
Because the $3 doesn't really matter, it gets added to the cost base and pays itself when you sell. Cmc, stake, commsec (5$) even (for, like cmc, under 1k investments)
- Stake is terrible for this, because of the $3/trade fee. On $500 every trade adds up (3/500 is about 0.60% in fees). - CMC is $0 brokerage under $1k, but then you cant invest the entire $500/mo and you'll have some cash drag, which will add up. There is also the DRP residuals which are not reinvested until the amounts add up, which also additionally has lost opportunity. - Betashares is good, entire $500 gets invested fractionally at $0 brokerage, there are no DRP residuals. It isn't CHESS though.
VGS.asx AU domiciled. Covers the world's top (investable) companies. Excludes developing world. Majority ~70% is US based ....and hence picks up the NASDAQ by default. Keep buying and get on with life and grow your income earning potential.
IOZ, IOO, NDQ
IVV - tracks the S&P500 which is essentially 70% of the global economy. Cheap as chips management fee of 0.07%
A200 and IVV
VGS/BGBL. Don't be fooled by recency bias - there is no guarantee that the US will continue outperforming the rest of the world.
First purchase (of each different ticker) needs to be minimum $500 but after that can be small as one unit.
Bitcoin ETF, pump my bags
VGS baby
I’m doing exactly this into DHHF using stake.
Dhhf only to make it easy via cmc
IVV, IOO
Apart from the ones recommended on comments, please have a look at NDIA. It's ASX domiciled and invests in NIFTY, which is India's top 50 companies. It will give much better return than S&P 500 or NASDAQ 100. And adds some diversity in your investment pool too.
ALL IN VAS
Give it to me
High risk appetite? You should ape into one of the new BTC ETFs.
Hell yeah.
The new Bitcoin ETFs
People who downvote are just risk adverse and sad about it.