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Excellent video, I started already with a small amount just to see how it works, I feel much more comfortable investing on it because of commonwealth background than other companies. Thank you
@Bryaninvest I would like to trade but some many rules or legal requirements to understand how it works. I am just trading with Pocket Option but it looks not work. Is there any Broker to start with. I am would like to start trading.
Amazing contents! Very good on beginners with simple explanation, concise, and thorough. A bit one year late to know about this but i guess it is never kate to start investing 😆 Thanks Bryan!
Thank you ☺ the best time to plant a tree was 10 years ago. The second best time is today. It's never too late. I wish you all the best for the future💙
I have invest in commsec pocket now. First time to invest ever and it's so easy to do. I wish i know about investing at younger age. I'm 40 now and im ready 😅
Newbie here. When is a good time to buy these ETFS? They are nearly all at pretty much all time highs right now. As over time they should all go up, is it still not a bad idea to invest now? Also, as this video is now a couple of years old, can you give an update as to which ETFS on here you llke now? 10 in total now I see. Thanks for your excellent videos and hope to hear from you.
You should only be investing in these if you are willing to hold them for 10-30 years. If you think the prices will be higher in 30 years time then you can consider investing in them. No one knows what the future holds, we can only look at historical prices which suggests the market usually always goes up in the long term. You could also follow a dollar cost average strategy so you don't get stressed about share prices. Also, I will be releasing an updated Commsec Pocket video including all 10 ETFs. Thanks!
Hi Briyan, Great job and appreciate your effort. Commsec pocket now got about 10 etf. It will be great if you can consider doing another updated video, and if you can include what is the possible alternate of each of these 10 etfs. Only down side i see with commsec pocket is i have buy at market rate and can not bid. Any thoughts?
Hey Pratik, I'm definitely planning to do an updated Commsec Pocket video! Yes, that is correct. However, when investing in ETFs buying at market or limit price won't make a material difference in the long term. The $2 brokerage is still very good value.
Well thanks for motivating lot of people who are struggling to invest such nice soul you are keep it up ❤❤ and keep growing my brother Just one recommendation is that for early investors like us just recommend some stocks to buy thanks 😊
If you're a first timer (and really nervous), I think Pocket may be the better choice. Pocket is basically Commsec on training wheels. They make it very easy for beginners.
Thanks Bryan. In one of your commsec videos for beginners you talked about using a CDIA Account to fund your trades. Can that same CDIA account be used to fund trades in the commsec pocket app ?
Hey Tatah, you don't need a CDIA for Pocket. You just need a commbank account to link to your Pocket account. They will deduct the money from that account.
Hi Bryan, I just turned 18 and I’m looking into investing through commsec pocket, this video was so helpful! I just have one question regarding tax - would the tax I have to pay on my profits when I sell my shares be really high? Or even if I don’t sell them till years later, will I still be taxed on owning the shares regardless if I have sold them or not? That’s just one thing I’m worried about and I usually do my tax returns by myself I’m not sure if it will complicate things. Thank you!!
Hello Helen, firstly well done for thinking about investing at such a young age! 😄 1. You pay tax on capital gains whenever you sell a stock at a higher pricer price than when you bought it. The rate depends on how much you’re currently earning in income so if you have another job you may already have some income. The current tax rates don’t charge you any tax if you earn less than $18,200. So theoretically, you could make a profit/capital gain of up to $18,200 and not pay any tax if you don’t have any other income. However, if you go above that amount, you will be charged at your marginal tax rate. Please see attached link for the current tax rates: www.ato.gov.au/Rates/Individual-income-tax-rates/ 2. If you keep your stocks for over 12 months, then you will get a capital gains discount which means you will only pay tax on 50% of your profit. Eg. You sell your stock after 12 months and make a $1,000 profit. You will only be charged tax on $500. You won’t ever be taxed on your stocks if you don’t sell them. However, you may be taxed on any dividends you receive but usually the online tax return form has it pre-filled for you. If not, you can check out this video about stocks and taxes which explains more: th-cam.com/video/9t13QmDnbo0/w-d-xo.html I hope this makes sense! Btw, don’t stress too much about tax returns. It’s not that complicated especially at your age. Most of the information is already online and you can do it yourself. When you get older and have more investments then it’s worth going to a tax accountant. Good luck and let me know how you go 👍
Hi Bryan,I like your video and also I’m new beginner so I would like to know how long can sell it after investing date and how do check rate to sell it for good time or not.
Hey bro, commsec pocket only charges $2 per trade which is very cheap compared to others so no I don’t see it at an issue. It’s a good option for beginners with little money up front.
Hi Bryan your videos are life saver for someone like me who's financially illiterate but wanted to invest. I've got a quick question, is there such a thing as opening a savings account but has different compartments or sub accounts so i can easily budget money depending on my goal say for example i would need sub accounts for emergency fund, investment etc. Thank you.
Hey DAnn, I'm really proud of you for taking action towards your financial goal. Yes, most banks these days allow you to create multiple savings accounts free of charge. I would absolutely open several accounts for emergency fund, investing, general expenses etc. This gives you a target to try to hit so gives you extra motivation. Just contact your bank to see if they allow you to open some extra accounts for free and if they don't then there are plenty of banks that do. Let me know how you go! :)
Thanks Bryan. so far so good my investments are doing okay and it's an up and down situation.I guess it's all about patience now. Anyways, since investing in commsec pocket, I have always received these letters and paperworks that I don't understand. Do you have any comprehensive videos that I can watch so I can understand the paperworks needed and associated with passive income please? thank you.
@@DAnn-wi7nm Most of the paper work you get you can probably discard. I'm guessing it's your share registry sending you stuff every time you purchase a new stock or get paid dividends etc. All the important ones should be sent to your email so you'll always have a copy. I'll do a video in the future.
I can't give you personal advice but in general, I prefer to stick to index funds/ETFs if you're after passive income. Check out this video about the top 5 dividend ETFs in Australia. They're not buy recommendations but it gives you an idea of what's out there. th-cam.com/video/Rbc_F2QxgSU/w-d-xo.html
When we buy share from CommSec Pocket for regular investment plan monthly then the amount should be in our Smart Access Account or In CDIA Account ? from which account they direct debit our money?
I believe they will ask you to link your access account to pocket. This is the account they will take the money from. CDIA is only for Commsec, not Commsec Pocket.
Hi Bryan, I'm not a Commbank customer and don't want to have to get an account with them. What is another secure, low-fee trading platform with internation market acess that might be similar to CommSec but don't require any extra acounts?
Look up Stake or WeBull if you’re after both Aussie & US markets. Check out this video I made comparing all the popular Australian online brokers: th-cam.com/video/TD82JT3GgvE/w-d-xo.html
Question: Can you set up DRP with comm pocket? (Edit: answering my own question, probably not as DRP is linked directly with the underlying company, where as this is an ETF. )
Hey Rufio, you’re correct. You can’t set up DRP within CommSec Pocket or any other broker platforms. You will have to search for the share registry to set up DRP. Eg. NDQ with Link Market.
A question from a beginner - I assume all the ETFs available in CommSec Pocket would be available on the CommSec platform as well. Is there a brokerage and management fee difference on the two platforms for same ETF?
The management fee will be the same but the brokerage fees will be different. If you want to buy any of the 7 ETFs available on Commsec Pocket, it’s a lot cheaper to buy it on the Commsec Pocket app. Please see below brokerage fees for Commsec: www.commsec.com.au/support/rates-and-fees.html
It’s somewhat similar since they are all considered micro investing apps. However, pocket is a bit more advanced as it allows you to purchase 7 real ETFs so it’s more similar to a proper broker. Raiz and Spaceship give more diversified options and it’s for beginners who want to dip their toes.
Hi Bryan, I just wanted to clarify about dividends. I thought if it's ETF they are obliged to pay the dividend. You mentioned that sometimes companies do not pay back dividends?
Yes, ETFs do have to pay dividends IF the companies/stocks they hold in the fund pay dividends. However, individual companies/stocks do not have to pay dividends. It is at the discretion of the company and how well they do that year or how much cash they have in reserve. Even though some companies advertise a high dividend yield. They don’t have to legally pay any dividend at all or can stop at any time. So an ETF of blue chip companies would most likely pay dividends since their profit is predictable every year. However, it’s not guaranteed.
@@BryanInvest thank you for responding, helps me a lot to understand this better 😊 I want to learn more about ETF and LIC if you could make more videos please.
Hey mate, you can set up auto reinvest using your share registry so it doesn’t involve commsec pocket. Check out this video: th-cam.com/video/ds_1alAJgTI/w-d-xo.html
How long do I need to hold on to the ETFs I bought? Let’s say, if I buy low price today and am I allowed to sell it immediately within days of the price is up or the regulations are for certain maturity?
You can definitely sell it whenever you like. However, if you wait a year then you may qualify for a 50% discount on your capital gains (if you’re an Australian resident for tax purposes).
Yes they do. A distribution is basically dividends paid from an ETF. The ETF collect all the dividends from the individual companies in the fund then 'distributes' them to the ETF shareholders (you).
Are you able to change the settings to have the dividends deposited into your account and keep your shares instead of selling all your assets for the profit?
Hey Andrew, your dividends will automatically be paid to the account linked to your commsec. Unless you specifically tell them to reinvest it for you. Your shares will remain the same after dividends are paid out.
You invest in the shares which means you become part owner. Then you let the managers take care of everything. You couldn’t get involved even if you wanted to.
Wait so you can just deposit $2000 and then transfer it back out to your regular account? How long do you need to keep the $2000 in the commbank account for?
@@BryanInvest You mentioned near the end that you can deposit $2000 into the transaction account to not pay the monthly fees so I was just wondering how long you need to keep it in the account for before taking it out so that I don't have to pay any fees.
Commsec Pocket is chess sponsored meaning you can choose to provide your bank accounts details or ask them to auto reinvest your dividends for you. Check out this video on how to set it up: th-cam.com/video/ds_1alAJgTI/w-d-xo.htmlsi=21ah1AjcdHW8gKuO
I think you can but why would you? If you have a commsec account, you can still see your commsec pocket stocks in the same area. Plus, the brokerage fee is cheaper with pocket if you want to add to the shares you already have.
These are all ETFs. People tend to hold on to these for a long time (20+ years). The idea is you keep adding to them and over time it will compound and grow into a nice nest egg for you. So if you're looking for short term profits, these are probably not the right investments.
Hey man i need some help So ive brought the aussie high dividends etf but unfortunately i couldnt find it on computershare ive tried the ticker syi and spdr but it comes up with Europe and other countrys
@BryanInvest thanks mate BTW you've helped me heaps in terms of financial literacy I knew absolutely nothing mate now I'm on the road to achieve good things legend
I just wanted to ask a question on Aussie dividends. If I buy a unit and that involves multiple companies within the unit. For example Rio Tinto 8.7% of that unit. Is the dividend paid; the full yearly dividend (approx) $9.40 p/year per stock unit OR do we only get paid 8.7% (that is apart of the Aussie dividend share) of the $9.40 per year . The reason why I ask this is because they have also grouped companies like NIB and Medibank at such a low percentage, that if we were only to get the percentage share of 3.2% of their yearly dividend paid quarterly, it would be less than 1c paid per year…. That means 3 of those companies are using my money and not really paying me any return. Obviously it would be better if I got paid the full dividend amount but if I don’t then CBA has grouped 1/3 of my investment knowing I won’t get a return for my money on top of fees. Is that kind of against fiduciary duty since they picked it and financial advisors would have been making these investment options?
Hey Claire, Happy New Year! That is a great question to start 2023. Here are my thoughts: 1. An ETF has to pass on all the dividends they receive from all their companies inside the fund. So you are not getting ripped off in that regard. 2. The nature of ETFs is to include different types of companies. Some may give out strong dividends. Some may give out less dividends but may outperform in share price growth. Nothing is guaranteed of course. The whole point is diversification since we won't 100% know which of these companies will perform well during a given year. If we only choose the 'strong' companies like Rio and leave out 'weak' companies like NIB then it defeats the whole purpose of an ETF. We may as well just invest individually into the 'strong' companies. Also, unless the ETF is a specific 'Dividend ETF', there is less emphasis on choosing companies that only pay high dividends. There are 2 ways to make money from shares: 1. Dividends 2. Share price appreciation. The ETF is trying to profit from a bit of both so it can't optimise dividends as the sole criteria. 3. CBA/Commsec has no control over how these ETFs are run. They are just the gate keepers that allows us to buy and sell shares (ETFs). As investors, we need to do our own proper research and ensure we trust which funds we are willing to invest our money in. I hope this explains it a bit better 😊
IVV is my main, with tech savvy, Vas and mve mid cap as satellites. Will be buying again at the end of August maybe mid Sept depending, maybe October the way things are going. Tech savvy is insanely expensive, so I'll be ditching that when things improve.
Hi Bryan, so on the commsec app it says you need to invest a minimum of $500 to start. Will this occur for each ETF or share you invest in or is it only the starting fee all together?
Yes, this a rule called Minimum Marketable Parcel in Australia where you need to spend at least $500 on any stock purchase for the first time. After that, you can invest in smaller amounts on the same stock. You will have to spend $500 on EACH stock/ETF for first buy. www.commsec.com.au/support/help-centre/placing-a-trade/minimum-shares-i-can-purchase.html
Would I be wrong in saying that this is setup just like a super fund? Would you not be better off just investing more money into your super? Same risks same long term investments it’s just seems like a superfund that’s been dressed up to make people think there investors. If I’m wrong I apologise 🤷🏻♂️
You are absolutely right Marc. The only difference is you usually pay a lower management than some of the popular super funds out there. Plus with Super, your money is tied up until you're 60 at least. Some people may want to retire earlier so they may sell off some of their portfolio to cover expenses or live off the dividends. Investing everything into super basically means you've accepted that you will only retire when the government says you're old enough to.
Commsec Pocket has cheaper brokerage fees but only allows you to buy 7 pre-selected ETFs. Commsec allows you to buy & sell every stock on the ASX but the brokerage fee is more expensive.
There is no such thing as an investment that never loses money. If it were that easy, everyone would just invest in it. Historically speaking the stock market has always increased if given enough time. However, we cannot guaranteed that this will continue to happen in the future. We take calculated risks and hope that it does.
If I am beginner is it better to use CommSec or CommSec Pocket? CommSec Pocket have better fees but only has 7 ETFs. Thank you for a simple and detailed video!
Commsec Pocket is designed for beginners. With the lower fees you can dollar cost average into one of the 7 ETFs and develop good investing habits. So if you’re just starting out then it’s a good option.
@@BryanInvest Hi, I would like to ask after trading for a few months with CommSec Pocket is it okay if I switch to CommSec (just so i get more exposure to variety of stocks)? Like moving all the ETS I have in CommSec Pocket to different CommSec or different brokerage app.
At 11:28 that does not exactly seem like overwhelming support from millennials for ethical investing but you make it sound like it's the majority of them the way you talk about it
Hmm…I’ve watched it back and I don’t think that’s what I said. All I said was, it’s particularly popular amongst millennials (versus older generation) and younger investors who have requested more ethical ETFs based on the article.
@@BryanInvest Hmm, okay but I don't think 28% indicates any sign of popularity. I would draw the conclusion that 'ethical ETFs' are even less popular with the older generation than they are with the younger generation.
@@paulietv2162 🤝I understand what you're saying and I'm not trying to take a moral stance on Ethical investing either way. Believe it or not, they are also counting millennials as the 'younger generation'. Which I agree with since I'm also a millennial and it doesn't make me feel old, haha. I do agree that it's newer generation (Gen Z) that are pushing for it.
Thanks for a great video, Bryan. Really good stuff from go to whoa. I just subbed. Would you consider doing a vid on RAIZ? They're a similar deal to Commsec Pocket, but they have a monthly management fee. However, each month I make more than my fee in RAIZ Rewards.
@@BryanInvest Good stuff, Bryan - I look forward to it! I'm involved with RAIZ right now (very modest and very conservative), but I've often thought about comparing a "fantasy" account between RAIZ and Pocket.
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The best commsec pocket review I've seen so far. Simple and to the point.
Thank you!
Excellent video, I started already with a small amount just to see how it works, I feel much more comfortable investing on it because of commonwealth background than other companies. Thank you
That’s awesome! Congrats and good luck 👏
Deserves a million views -- thankyou for the clear and concise information it helps a lot
Thank you for the kind comment ☺️
this was extremely helpful and easy to understand - i’m brand new to investing and am about to start
This is such a great video. Helped me plenty. Thank you & subbed mate.
Glad it helped you mate! I appreciate you 👍
One of the best investment app video I’ve seen so far. Thank you!
Thank you so much Chien! 🤗
Hands down best commsec pocket review video on YT🔥
I appreciate the kind words 🙏
Honest ,simple and easy to understand .Ty for sharing
Cheers Sunil 😊
Thank you very much for a simple yet detailed video for beginners.
Thank you watching Sagar! I appreciate you 👊
You're a legend this was so helpful as a beginner!
Cheers Sophie! Glad it helped ☺
Are you invested in any Commsec Pocket ETFs? Let me know! 👇
Yes I did today.
@@tekuratuariki4488 well done! 👍
@Bryaninvest
I would like to trade but some many rules or legal requirements to understand how it works. I am just trading with Pocket Option but it looks not work. Is there any Broker to start with. I am would like to start trading.
Started after seeing ur video 🎉
@@mirok1000 Awesome! Wish you all the best 👍
That was some great information. Thank you so much!
Cheers Mike 👊
Amazing contents! Very good on beginners with simple explanation, concise, and thorough. A bit one year late to know about this but i guess it is never kate to start investing 😆 Thanks Bryan!
Thank you ☺ the best time to plant a tree was 10 years ago. The second best time is today. It's never too late. I wish you all the best for the future💙
Good video for a beginner like myself! Appreciate your hard work. Thank you 😊
Thanks so much for all your support Wendy!
I have invest in commsec pocket now. First time to invest ever and it's so easy to do. I wish i know about investing at younger age. I'm 40 now and im ready 😅
Well done! Starting at 40 is a lot better than starting at 50 😉
Thanks for sharing!
I’m a beginner. Will learn how to invest with you.
Congrats on making your decision to start. Many people struggle with this and some never do so in their life. I wish you all the best!
Very in depth explanation, you're a legend
Thanks Jackson! I appreciate it 👊
YES ! wonderful video, enjoyed watching :)
Thanks Yasin!
Newbie here. When is a good time to buy these ETFS? They are nearly all at pretty much all time highs right now. As over time they should all go up, is it still not a bad idea to invest now?
Also, as this video is now a couple of years old, can you give an update as to which ETFS on here you llke now? 10 in total now I see.
Thanks for your excellent videos and hope to hear from you.
You should only be investing in these if you are willing to hold them for 10-30 years. If you think the prices will be higher in 30 years time then you can consider investing in them. No one knows what the future holds, we can only look at historical prices which suggests the market usually always goes up in the long term. You could also follow a dollar cost average strategy so you don't get stressed about share prices.
Also, I will be releasing an updated Commsec Pocket video including all 10 ETFs. Thanks!
@@BryanInvest awesome look forward to it
Ty for the information looking forward too your other videos ❤
Such a great video and well explained, cheers mate!
Thanks legend! 👊
Thank you so much for this video!
You are amazing!
Cheers Frankie. I appreciate it 👊
Hi Briyan,
Great job and appreciate your effort.
Commsec pocket now got about 10 etf.
It will be great if you can consider doing another updated video, and if you can include what is the possible alternate of each of these 10 etfs.
Only down side i see with commsec pocket is i have buy at market rate and can not bid. Any thoughts?
Hey Pratik, I'm definitely planning to do an updated Commsec Pocket video! Yes, that is correct. However, when investing in ETFs buying at market or limit price won't make a material difference in the long term. The $2 brokerage is still very good value.
Thank you so much ❤️ much appreciated 😍
Thanks for watching! 🙌
This video helped me a lot. Thank you
Glad it helped 😃
Well thanks for motivating lot of people who are struggling to invest such nice soul you are keep it up ❤❤ and keep growing my brother Just one recommendation is that for early investors like us just recommend some stocks to buy thanks 😊
Thank you for the kind words mate. I really appreciate it. More videos coming soon! ☺️
@@BryanInvest i was just watching your video and taking my small steps towards investing
Hello Brian, I just wondering which one can you recommend for the first time going to invest. Commsec Australian Share or Commsec Pocket?
If you're a first timer (and really nervous), I think Pocket may be the better choice. Pocket is basically Commsec on training wheels. They make it very easy for beginners.
Thanks Bryan. In one of your commsec videos for beginners you talked about using a CDIA Account to fund your trades. Can that same CDIA account be used to fund trades in the commsec pocket app ?
Hey Tatah, you don't need a CDIA for Pocket. You just need a commbank account to link to your Pocket account. They will deduct the money from that account.
Hi Bryan,
I just turned 18 and I’m looking into investing through commsec pocket, this video was so helpful! I just have one question regarding tax - would the tax I have to pay on my profits when I sell my shares be really high? Or even if I don’t sell them till years later, will I still be taxed on owning the shares regardless if I have sold them or not? That’s just one thing I’m worried about and I usually do my tax returns by myself I’m not sure if it will complicate things. Thank you!!
Hello Helen, firstly well done for thinking about investing at such a young age! 😄
1. You pay tax on capital gains whenever you sell a stock at a higher pricer price than when you bought it. The rate depends on how much you’re currently earning in income so if you have another job you may already have some income. The current tax rates don’t charge you any tax if you earn less than $18,200. So theoretically, you could make a profit/capital gain of up to $18,200 and not pay any tax if you don’t have any other income. However, if you go above that amount, you will be charged at your marginal tax rate. Please see attached link for the current tax rates: www.ato.gov.au/Rates/Individual-income-tax-rates/
2. If you keep your stocks for over 12 months, then you will get a capital gains discount which means you will only pay tax on 50% of your profit. Eg. You sell your stock after 12 months and make a $1,000 profit. You will only be charged tax on $500. You won’t ever be taxed on your stocks if you don’t sell them. However, you may be taxed on any dividends you receive but usually the online tax return form has it pre-filled for you. If not, you can check out this video about stocks and taxes which explains more: th-cam.com/video/9t13QmDnbo0/w-d-xo.html
I hope this makes sense! Btw, don’t stress too much about tax returns. It’s not that complicated especially at your age. Most of the information is already online and you can do it yourself. When you get older and have more investments then it’s worth going to a tax accountant. Good luck and let me know how you go 👍
you're the best Bryan thank you!!
@@meadowmm232 😃
Very informative thank you :)
Thank you Ann ☺️
Hi Bryan,I like your video and also I’m new beginner so I would like to know how long can sell it after investing date and how do check rate to sell it for good time or not.
You can technically sell it any time after you buy. However, I’m an advocate of long term investing especially if you’re investing in index funds.
Hi Bryan, great video.
With an ETF how do you reinvest the dividend using the commbank pocket app
Hi Cammyj, check out this video I made on how to set it up 😄
th-cam.com/video/ds_1alAJgTI/w-d-xo.html
This was super helpful!
Cheers Titus 👊
Thanks for this video. What’s your opinion on Selfwealth?
It used to be my favourite broker. However, there’s now a few more brokers that are better value. It’s still great though if you’re already using it.
Is it good to just regularly invest in all of the Comsec ETFs evenly?
It’s probably overkill and a lot of overlapping companies. Up to you though.
@BryanInvest thank you for your message! which ones would you recommend that don't overlap?
Great video thanks so much ✨ 🎉
Thanks for watching 😊
Hey brother. Do you see the brokerage fee as an issue long term? Kind regards, love the stuff.
Hey bro, commsec pocket only charges $2 per trade which is very cheap compared to others so no I don’t see it at an issue. It’s a good option for beginners with little money up front.
And it’s $2 regardless of amount invested.
Hi Bryan your videos are life saver for someone like me who's financially illiterate but wanted to invest. I've got a quick question, is there such a thing as opening a savings account but has different compartments or sub accounts so i can easily budget money depending on my goal say for example i would need sub accounts for emergency fund, investment etc. Thank you.
Hey DAnn, I'm really proud of you for taking action towards your financial goal. Yes, most banks these days allow you to create multiple savings accounts free of charge.
I would absolutely open several accounts for emergency fund, investing, general expenses etc. This gives you a target to try to hit so gives you extra motivation.
Just contact your bank to see if they allow you to open some extra accounts for free and if they don't then there are plenty of banks that do.
Let me know how you go! :)
Thanks Bryan. so far so good my investments are doing okay and it's an up and down situation.I guess it's all about patience now.
Anyways, since investing in commsec pocket, I have always received these letters and paperworks that I don't understand. Do you have any comprehensive videos that I can watch so I can understand the paperworks needed and associated with passive income please? thank you.
@@DAnn-wi7nm Most of the paper work you get you can probably discard. I'm guessing it's your share registry sending you stuff every time you purchase a new stock or get paid dividends etc. All the important ones should be sent to your email so you'll always have a copy. I'll do a video in the future.
Hi Bryan, can we access the S&P 500 to invest on Commsec Pocket? Thanks.
Unfortunately no. The closest is probably NDQ or IOO which will have a lot of companies that are in the S&P 500.
hey Brian. just getting into the stocks into the Australian market to try and make some passive income and i would really love any advice in Australia
I can't give you personal advice but in general, I prefer to stick to index funds/ETFs if you're after passive income. Check out this video about the top 5 dividend ETFs in Australia. They're not buy recommendations but it gives you an idea of what's out there. th-cam.com/video/Rbc_F2QxgSU/w-d-xo.html
When we buy share from CommSec Pocket for regular investment plan monthly then the amount should be in our Smart Access Account or In CDIA Account ? from which account they direct debit our money?
I believe they will ask you to link your access account to pocket. This is the account they will take the money from. CDIA is only for Commsec, not Commsec Pocket.
Hi Bryan, I'm not a Commbank customer and don't want to have to get an account with them. What is another secure, low-fee trading platform with internation market acess that might be similar to CommSec but don't require any extra acounts?
Look up Stake or WeBull if you’re after both Aussie & US markets.
Check out this video I made comparing all the popular Australian online brokers:
th-cam.com/video/TD82JT3GgvE/w-d-xo.html
Question: Can you set up DRP with comm pocket?
(Edit: answering my own question, probably not as DRP is linked directly with the underlying company, where as this is an ETF. )
Hey Rufio, you’re correct. You can’t set up DRP within CommSec Pocket or any other broker platforms. You will have to search for the share registry to set up DRP. Eg. NDQ with Link Market.
@@BryanInvest yeah I figured as much. That’s fine, buy in is cheap so will just look to reinvest as divs come in.
A question from a beginner - I assume all the ETFs available in CommSec Pocket would be available on the CommSec platform as well. Is there a brokerage and management fee difference on the two platforms for same ETF?
The management fee will be the same but the brokerage fees will be different.
If you want to buy any of the 7 ETFs available on Commsec Pocket, it’s a lot cheaper to buy it on the Commsec Pocket app.
Please see below brokerage fees for Commsec:
www.commsec.com.au/support/rates-and-fees.html
Is this similar to Raiz & SpaceShip? This was a really awesome video btw!
It’s somewhat similar since they are all considered micro investing apps. However, pocket is a bit more advanced as it allows you to purchase 7 real ETFs so it’s more similar to a proper broker. Raiz and Spaceship give more diversified options and it’s for beginners who want to dip their toes.
Hi Bryan,
I just wanted to clarify about dividends. I thought if it's ETF they are obliged to pay the dividend. You mentioned that sometimes companies do not pay back dividends?
Yes, ETFs do have to pay dividends IF the companies/stocks they hold in the fund pay dividends.
However, individual companies/stocks do not have to pay dividends. It is at the discretion of the company and how well they do that year or how much cash they have in reserve. Even though some companies advertise a high dividend yield. They don’t have to legally pay any dividend at all or can stop at any time.
So an ETF of blue chip companies would most likely pay dividends since their profit is predictable every year. However, it’s not guaranteed.
@@BryanInvest thank you for responding, helps me a lot to understand this better 😊
I want to learn more about ETF and LIC if you could make more videos please.
Hey brian how do you reinvest your dividend through comsec pocket
Hey mate, you can set up auto reinvest using your share registry so it doesn’t involve commsec pocket. Check out this video: th-cam.com/video/ds_1alAJgTI/w-d-xo.html
How long do I need to hold on to the ETFs I bought?
Let’s say, if I buy low price today and am I allowed to sell it immediately within days of the price is up or the regulations are for certain maturity?
You can definitely sell it whenever you like. However, if you wait a year then you may qualify for a 50% discount on your capital gains (if you’re an Australian resident for tax purposes).
Hey i was wondering is ETF like NASDAQ pay dividends? I researched it ad they pay by distributions so i don't really know what that means. Thanks
Yes they do. A distribution is basically dividends paid from an ETF. The ETF collect all the dividends from the individual companies in the fund then 'distributes' them to the ETF shareholders (you).
I have $1000 spare and was thinking of investing through Comm Sec pocket. Is it a good idea?
As long as you’ve done your research and know what you’re buying then CommSec pocket is a good option 👍
Are you able to change the settings to have the dividends deposited into your account and keep your shares instead of selling all your assets for the profit?
Hey Andrew, your dividends will automatically be paid to the account linked to your commsec. Unless you specifically tell them to reinvest it for you. Your shares will remain the same after dividends are paid out.
do you have to really do the investing your own or can you just just invest and then let them manage your money?
You invest in the shares which means you become part owner. Then you let the managers take care of everything. You couldn’t get involved even if you wanted to.
Wait so you can just deposit $2000 and then transfer it back out to your regular account? How long do you need to keep the $2000 in the commbank account for?
Hey Olivia, I don’t understand the question. Are you referring to another video? :)
@@BryanInvest You mentioned near the end that you can deposit $2000 into the transaction account to not pay the monthly fees so I was just wondering how long you need to keep it in the account for before taking it out so that I don't have to pay any fees.
Can you explain or have a video about how dividends work/get paid out using this pocket platform?
also if how to use any dividend paid to auto re invest when paid out
Commsec Pocket is chess sponsored meaning you can choose to provide your bank accounts details or ask them to auto reinvest your dividends for you. Check out this video on how to set it up: th-cam.com/video/ds_1alAJgTI/w-d-xo.htmlsi=21ah1AjcdHW8gKuO
Hi Bryan can I possibly transfer my commsec pocket stocks to my Commsec account.
I think you can but why would you? If you have a commsec account, you can still see your commsec pocket stocks in the same area. Plus, the brokerage fee is cheaper with pocket if you want to add to the shares you already have.
@@BryanInvest Thanks heaps Bryan👍 Learn a lot from you. Appreciated👌
Is only for aussi or it can be for international studen or for temporary resident dor tax purpose?
Yes, international student count as Australian residents for tax purposes, so you can use Commsec Pocket.
How do you know when to sell? That’s what I can’t figure out. Someone please help..
These are all ETFs. People tend to hold on to these for a long time (20+ years). The idea is you keep adding to them and over time it will compound and grow into a nice nest egg for you. So if you're looking for short term profits, these are probably not the right investments.
Hi Bryne. Really like your video. --- Alice
Thank you so much Alice ☺️
I'm guessing not but am i able to invest in the s&p 500 through this?
Unfortunately not. There are a few ETFs that contains US stocks but not a specific one for S&P 500.
How to reinvest our dividends in etf from pocket??
Check out this video: th-cam.com/video/ds_1alAJgTI/w-d-xo.htmlsi=dWEmlFeY_rSDTBQ7
Hey man i need some help
So ive brought the aussie high dividends etf but unfortunately i couldnt find it on computershare ive tried the ticker syi and spdr but it comes up with Europe and other countrys
Hey Shane, I believe SYI uses Link Market as their share registry, not Computershare.
@BryanInvest thanks mate BTW you've helped me heaps in terms of financial literacy I knew absolutely nothing mate now I'm on the road to achieve good things legend
Can you make money quickly doing this or does it take many years to see a profit
Unfortunately not Sally. Building wealth takes time to compound.
Does the divs on straight in my bank and does it add to my CommSec pocket accounts
Yes usually it will be paid to your cba linked account. If you set up DRP then it will auto invest the dividends for you into new shares.
Nice video
Thank you :)
I just wanted to ask a question on Aussie dividends.
If I buy a unit and that involves multiple companies within the unit. For example Rio Tinto 8.7% of that unit. Is the dividend paid; the full yearly dividend (approx) $9.40 p/year per stock unit OR do we only get paid 8.7% (that is apart of the Aussie dividend share) of the $9.40 per year .
The reason why I ask this is because they have also grouped companies like NIB and Medibank at such a low percentage, that if we were only to get the percentage share of 3.2% of their yearly dividend paid quarterly, it would be less than 1c paid per year…. That means 3 of those companies are using my money and not really paying me any return.
Obviously it would be better if I got paid the full dividend amount but if I don’t then CBA has grouped 1/3 of my investment knowing I won’t get a return for my money on top of fees. Is that kind of against fiduciary duty since they picked it and financial advisors would have been making these investment options?
Hey Claire,
Happy New Year! That is a great question to start 2023.
Here are my thoughts:
1. An ETF has to pass on all the dividends they receive from all their companies inside the fund. So you are not getting ripped off in that regard.
2. The nature of ETFs is to include different types of companies. Some may give out strong dividends. Some may give out less dividends but may outperform in share price growth. Nothing is guaranteed of course. The whole point is diversification since we won't 100% know which of these companies will perform well during a given year. If we only choose the 'strong' companies like Rio and leave out 'weak' companies like NIB then it defeats the whole purpose of an ETF. We may as well just invest individually into the 'strong' companies. Also, unless the ETF is a specific 'Dividend ETF', there is less emphasis on choosing companies that only pay high dividends. There are 2 ways to make money from shares: 1. Dividends 2. Share price appreciation. The ETF is trying to profit from a bit of both so it can't optimise dividends as the sole criteria.
3. CBA/Commsec has no control over how these ETFs are run. They are just the gate keepers that allows us to buy and sell shares (ETFs). As investors, we need to do our own proper research and ensure we trust which funds we are willing to invest our money in.
I hope this explains it a bit better 😊
Can you do an update for the 10 in 2024 please🙏
Absolutely. It's definitely on my list 😎
IVV is my main, with tech savvy, Vas and mve mid cap as satellites. Will be buying again at the end of August maybe mid Sept depending, maybe October the way things are going. Tech savvy is insanely expensive, so I'll be ditching that when things improve.
Whats the diff between Commsec app and Commsec pocket app?
Hi Bryan, so on the commsec app it says you need to invest a minimum of $500 to start. Will this occur for each ETF or share you invest in or is it only the starting fee all together?
Yes, this a rule called Minimum Marketable Parcel in Australia where you need to spend at least $500 on any stock purchase for the first time. After that, you can invest in smaller amounts on the same stock.
You will have to spend $500 on EACH stock/ETF for first buy.
www.commsec.com.au/support/help-centre/placing-a-trade/minimum-shares-i-can-purchase.html
The $500 minimum does not apply for buying etfs using the commsec pocket app is that correct?
Would I be wrong in saying that this is setup just like a super fund? Would you not be better off just investing more money into your super? Same risks same long term investments it’s just seems like a superfund that’s been dressed up to make people think there investors. If I’m wrong I apologise 🤷🏻♂️
You are absolutely right Marc. The only difference is you usually pay a lower management than some of the popular super funds out there. Plus with Super, your money is tied up until you're 60 at least. Some people may want to retire earlier so they may sell off some of their portfolio to cover expenses or live off the dividends. Investing everything into super basically means you've accepted that you will only retire when the government says you're old enough to.
That’s a fair point there
Bro never blink his eyes 😂
Not true. I definitely blink when I sleep.
Amazing content! Congrats! Just think you speak too fast 😅
Thanks Beatriz! Yeah, I’ve been told this a few times 😂 so I’ve tried to slow down in the newer videos.
whats happens if I accidentaly blocked my password but I am in another country?
how withdraw
why they dont allow me to register in computershare
What is the difference between commsec and commsec pocket?
Commsec Pocket has cheaper brokerage fees but only allows you to buy 7 pre-selected ETFs.
Commsec allows you to buy & sell every stock on the ASX but the brokerage fee is more expensive.
im completely beginner never have one but soon. my question: this type of investment never lose money?
There is no such thing as an investment that never loses money. If it were that easy, everyone would just invest in it. Historically speaking the stock market has always increased if given enough time. However, we cannot guaranteed that this will continue to happen in the future. We take calculated risks and hope that it does.
Just bought my first share fuck me luck 🍀
Nice! Congrats 🥳
NDQ, VAS, BTC and ETH is my recommendation as a professional youtube comment guy
😂 love it.
Has anyone here actually gained money form this?
Sorry you talk to fast for me
Working on it 🙏
If I am beginner is it better to use CommSec or CommSec Pocket? CommSec Pocket have better fees but only has 7 ETFs. Thank you for a simple and detailed video!
Commsec Pocket is designed for beginners. With the lower fees you can dollar cost average into one of the 7 ETFs and develop good investing habits. So if you’re just starting out then it’s a good option.
@@BryanInvest Hi, I would like to ask after trading for a few months with CommSec Pocket is it okay if I switch to CommSec (just so i get more exposure to variety of stocks)? Like moving all the ETS I have in CommSec Pocket to different CommSec or different brokerage app.
At 11:28 that does not exactly seem like overwhelming support from millennials for ethical investing but you make it sound like it's the majority of them the way you talk about it
Hmm…I’ve watched it back and I don’t think that’s what I said. All I said was, it’s particularly popular amongst millennials (versus older generation) and younger investors who have requested more ethical ETFs based on the article.
@@BryanInvest Hmm, okay but I don't think 28% indicates any sign of popularity. I would draw the conclusion that 'ethical ETFs' are even less popular with the older generation than they are with the younger generation.
@@paulietv2162 🤝I understand what you're saying and I'm not trying to take a moral stance on Ethical investing either way. Believe it or not, they are also counting millennials as the 'younger generation'. Which I agree with since I'm also a millennial and it doesn't make me feel old, haha. I do agree that it's newer generation (Gen Z) that are pushing for it.
Thanks for a great video, Bryan. Really good stuff from go to whoa. I just subbed. Would you consider doing a vid on RAIZ? They're a similar deal to Commsec Pocket, but they have a monthly management fee. However, each month I make more than my fee in RAIZ Rewards.
Thanks for kind words Scott. I’ll definitely put a RAIZ review video on the list 😊
@@BryanInvest Good stuff, Bryan - I look forward to it! I'm involved with RAIZ right now (very modest and very conservative), but I've often thought about comparing a "fantasy" account between RAIZ and Pocket.