After facing significant challenges, I learned two crucial lessons about the stock market: it played a major role in the Great Depression, and the quickest way to make a million in the market is to start with two million. The Great Recession only reinforced these insights. In hindsight, I wish someone had guided me earlier. A well-defined entry and exit strategy is essential for success in the stock market.
Exactly, many investors are overly focused on potential profits, forgetting that the market has both ups and downs. Securing your financial future requires patience and a strong understanding of market trends to identify the right stocks for investment. For instance, I made over $260k in profits during Q4 of 2021. The key to profitable investing is truly understanding market behavior.
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
Thank you for sharing! Rebecca Lynne Buie seems quite knowledgeable. I found her webpage and reviewed her resume, which was quite impressive. I’ve already reached out and scheduled a call.
@@VanillaCherryBread well done. I was a diversification person too (portfolio now has about 30 different companies - asx, nyse, nasdaq) but am going to follow ‘Joseph FatFire’ advice and go all in on 1 to 2 stocks & maximum total of 3 if really want to buy an extra company, which means selling 27 - 28 and then putting that cash into 2 stockists or 3
What are your thought's on the Westpac Trading Account? I bank with Westpac and am thinking of doing both Aussie and International trading, mainly Index funds and blue-chip stocks. Tossing between CMC, Westpac and Moomoo. I'll start off with smaller amounts as I don't have huge amounts to invest each month. Most likely sub $200 at a time.
2:16 unsure if this was the case at the time of filming, but the stake brokerage fee has been 0.01% in trade amounts bigger than 30,000 aud for the longest time. It still is as I have just confirmed.
Hi Raymond, great video. I've been with Superhero for just over a year now and since it's not CHESS sponsored, I'm looking to change. This video has been great to highlight the differences but like you said at the end, I'm still a bit confused which to go for. I'm only investing in ETFs, so which one would you recommend? (Or which one do you use?) Thanks
Hey mate, I personally use Moomoo atm. But you can’t go wrong with any of the ones I’ve outlined in the video, it’s just personal preference. If you value low fees then moomoo and stake might be good options
10:46 The commsec CDIA account does pay interest on any money sitting there (I’ve had dividend payments sit there without realising and have been payed interest on it)
Before 2024 ends, could you make a new video showing all the web-browser-based brokerages available in Australia and offers CHESS (ASX) and also show which of them allow USA stocks (nyse, Nasdaq) & Shanghai stocks & Bombay (India) stocks & Japan Tokyo stocks & London stocks ~ purchasing? and show the fees/costs? Thanks.
CMC is the worst broker. It takes weeks for them to approve your account. They also take at least 2 week to respond to queries. Closing the account also took almost a month. Avoid this broker at all costs. They attract you with competitive fees but the customer service is almost non-existent.
This is good feedback, I haven't used them before so don't have first hand experience. If customer service is important to you as an investor than I've had a good experience with Moomoo personally.
It was a hassle to set up. However I have had no issues at all with the customer service when calling them and $0 brokerage for trades under $1000, once per day is pretty hard to beat
I just stumbled on them as well. Seems like they’re an intermediary broker and trade on ibkr themselves. However they have cool features like auto investing, pie allocation, fractional shares and easy investment into US stocks. Would be great if you could review the platform. Apparently they only started operating in Aus earlier this year
1:25 - chess sponsorship makes you the legal owner of the shares. if rais went out of business you could lose your money but if chess sponsored went under you would still be legal owner of your shares
Aside from CHESS sponsorship as mentioned in the comment above, you simply have much more choice of investments with a brokerage app. With most micro-investing apps you often only have a few options to choose from, furthermore the fees that you'll end up paying will be lower.
You should include Rest's international shares indexed option in this list because I think its better than all of these options. Superannuation has huge benefits.
They're still very good@@raymondla Yes they could innovate a bit more, but their platform is still way better than Commsec. They're a chess broker and much more serious than Moomoo and company. Customer service is pretty good. I'm very curious to know what you don't like about them.
I am genuinely curious what you dislike of selfwealth. Honestly have you ever tried to trade internationally with Commsec? It's awful, it shouldn't even be on the list. NAB is much better if you want to stay on banks. I sometimes see some negative comments about Selfwealth, but always seem to be from people who I feel like they don't have a clue of what they are doing. Honest opinion would be appreciated @@raymondla
I have used them to invest into the US market as the FX fees they charge are by far the lowest. Not the most friendly of interfaces tho as it’s quite advanced and it’s geared towards more experienced traders
After facing significant challenges, I learned two crucial lessons about the stock market: it played a major role in the Great Depression, and the quickest way to make a million in the market is to start with two million. The Great Recession only reinforced these insights. In hindsight, I wish someone had guided me earlier. A well-defined entry and exit strategy is essential for success in the stock market.
There are certainly ways to achieve high yields during a downturn, but these moves are best executed under the guidance of a financial advisor.
Exactly, many investors are overly focused on potential profits, forgetting that the market has both ups and downs. Securing your financial future requires patience and a strong understanding of market trends to identify the right stocks for investment. For instance, I made over $260k in profits during Q4 of 2021. The key to profitable investing is truly understanding market behavior.
I appreciate your comment; I’ve been trading stocks for some time, but I haven’t seen significant gains. How do you achieve such results?
Rebecca Lynne Buie has consistently been my top recommendation. She’s widely recognized for her expertise in financial markets and has a strong track record. I highly recommend her.
Thank you for sharing! Rebecca Lynne Buie seems quite knowledgeable. I found her webpage and reviewed her resume, which was quite impressive. I’ve already reached out and scheduled a call.
Watching in my 40s... And only just starting I feel so behind!
no better time to start then now!
Next life start early
@@mohaklondhe😂 seriously
@@VanillaCherryBread well done. I was a diversification person too (portfolio now has about 30 different companies - asx, nyse, nasdaq) but am going to follow ‘Joseph FatFire’ advice and go all in on 1 to 2 stocks & maximum total of 3 if really want to buy an extra company, which means selling 27 - 28 and then putting that cash into 2 stockists or 3
@@henrymitchell9717 what books do you recommend people read? @VanillaCherryBread
Great video man, super helpful. Plenty of handy nuggets of information
I got a moomoo add as soon as I clicked on this video lol
Hi from Long Island. Great video! Just the review I was looking for before getting into trading Australian stocks
What are your thought's on the Westpac Trading Account? I bank with Westpac and am thinking of doing both Aussie and International trading, mainly Index funds and blue-chip stocks. Tossing between CMC, Westpac and Moomoo. I'll start off with smaller amounts as I don't have huge amounts to invest each month. Most likely sub $200 at a time.
Great comparison video thanks
Glad it was helpful!
2:16 unsure if this was the case at the time of filming, but the stake brokerage fee has been 0.01% in trade amounts bigger than 30,000 aud for the longest time. It still is as I have just confirmed.
I like that you mentioned the time. The time is so important!!!
Am I the only one finding background music so annoying, especially when someone is explaining something?
Only now that you mentioned it😃
Hi Raymond, great video.
I've been with Superhero for just over a year now and since it's not CHESS sponsored, I'm looking to change. This video has been great to highlight the differences but like you said at the end, I'm still a bit confused which to go for.
I'm only investing in ETFs, so which one would you recommend? (Or which one do you use?)
Thanks
Hey mate, I personally use Moomoo atm. But you can’t go wrong with any of the ones I’ve outlined in the video, it’s just personal preference. If you value low fees then moomoo and stake might be good options
can you tell us more about stake
10:46 The commsec CDIA account does pay interest on any money sitting there (I’ve had dividend payments sit there without realising and have been payed interest on it)
I stand corrected! Just looked up the rates offered, 0.35% for amounts under 10k 🫠
Moomoo pays you 6.8% pa, how much does CommSec pay?
@@contenteater definitely not that much haha just the same as a regular bank account
Where is tiger trade broker my friend?
So what you’re saying is commsec is overrated ? Should I switch to another brokerage app?
Before 2024 ends, could you make a new video showing all the web-browser-based brokerages available in Australia and offers CHESS (ASX) and also show which of them allow USA stocks (nyse, Nasdaq) & Shanghai stocks & Bombay (India) stocks & Japan Tokyo stocks & London stocks ~ purchasing? and show the fees/costs? Thanks.
I’d love a video about stake smsf options and if any other platform offers this
CMC is the worst broker. It takes weeks for them to approve your account. They also take at least 2 week to respond to queries. Closing the account also took almost a month. Avoid this broker at all costs. They attract you with competitive fees but the customer service is almost non-existent.
This is good feedback, I haven't used them before so don't have first hand experience. If customer service is important to you as an investor than I've had a good experience with Moomoo personally.
It was a hassle to set up. However I have had no issues at all with the customer service when calling them and $0 brokerage for trades under $1000, once per day is pretty hard to beat
They take forever to approve the money transfer so I can buy stocks in lower price. Selfwealth takes seconds
Worst broaker? Don't need to exaggerate mate, mine was approved in a few days. No issues with customer service
Can we trade NQ1?
Trading 212 is new. Thoughts?
how does the australian trading 212 compare to these brokerage apps?
I haven't personally looked into T212 so unfortunately can't comment on this, but perhaps I'll talk about it in a future video
I just stumbled on them as well. Seems like they’re an intermediary broker and trade on ibkr themselves. However they have cool features like auto investing, pie allocation, fractional shares and easy investment into US stocks.
Would be great if you could review the platform. Apparently they only started operating in Aus earlier this year
anyone use Hatch? What would be best Oceania area platform?
Obviously curious about using these apps, how much better are they than using raiz or other micro?
1:25 - chess sponsorship
makes you the legal owner of the shares. if rais went out of business you could lose your money but if chess sponsored went under you would still be legal owner of your shares
Aside from CHESS sponsorship as mentioned in the comment above, you simply have much more choice of investments with a brokerage app. With most micro-investing apps you often only have a few options to choose from, furthermore the fees that you'll end up paying will be lower.
Can I use wise usd account to transfer fund to these app for buying stocks?
The wisest thing you can do to yourself right now is to check the reviews for 'Wise'.
This would be handy to know
which stock will make me a million dollars in less than 1 year, with an initial investment of $122?
🤣🤣🤣
I want to know that too but with slightly less initial investment 😂
I won't say you will be a millionaire in 1 year, but I think a good market to invest is Mining and Energy.
Stake has recently added recurring investments. I think it's clear best at the moment but that's just my personal opinion
Can you load USD in any of this?
No unfortunately not, has to be AUD then exchange it to USD
Can you use two platforms or one is better?
you can definitely use two platforms, I actually use two platforms myself
Which are the two platforms that you use, if you don't mind me asking?
Which broker offers Short trade?
Moomoo offers short trading / options trading
@@raymondla CommSec also offers this.
You should include Rest's international shares indexed option in this list because I think its better than all of these options. Superannuation has huge benefits.
I'm not really talking about investments in this video, but brokerage platforms.
Super is and will always be a scam.
What is your opinion on Raiz?
Good option for beginners who are just starting with micro-investing!
No Selfwealth? They are very good.
They were once good a long time ago… but not anymore imo. They recently got bought out as well
They're still very good@@raymondla Yes they could innovate a bit more, but their platform is still way better than Commsec. They're a chess broker and much more serious than Moomoo and company. Customer service is pretty good.
I'm very curious to know what you don't like about them.
I am genuinely curious what you dislike of selfwealth. Honestly have you ever tried to trade internationally with Commsec? It's awful, it shouldn't even be on the list. NAB is much better if you want to stay on banks. I sometimes see some negative comments about Selfwealth, but always seem to be from people who I feel like they don't have a clue of what they are doing. Honest opinion would be appreciated @@raymondla
Webull is king. Chess sponsored and no fees for ETF
Webull is kind of different type chess sponsered . U have 50% brokers 50%
Webull is terrible, the amount of crap in the last 6 months... about to drop them like a stone.
Stake
anyone using IBKR ?
I have used them to invest into the US market as the FX fees they charge are by far the lowest. Not the most friendly of interfaces tho as it’s quite advanced and it’s geared towards more experienced traders
@@raymondla Thanks Raymond good to know about that
CMC the goat
Can't go wrong with $0 trades under $1000
Stake W
Hi Raymond
Can I contact you by email?
Stake