Seems convenient and easy to use. I personally wouldn't be buying anything in parcels smaller than $200.00 and would even aim for $500. A $2 broker fee at $200 is 1%, and at $500 parcel size it is 0.4%. Because they are ETF investments they will only move slowly over time so you do not want to give away any more than 1% of your gains. Ie. Let's say you make an 8% gain over a year before brokerage, that is a 7% gain after brokerage, and accounting for 2-3% inflation leaves you with 4-5% gain. If you brokerage is any more than 1% it really starts eating into your potential gains.
Recently I got into the financial markets, and I’ve taken a deep dive into investing, particularly a diverse asset growth investment as it interests me. Tried several methods and figured out the best approach to building my portfolio from stocks, ETFs and bonds, made over a $400k in profits So far, I’m making progress with the help of my investment advisor/manager. Back to the video, wonderful job there, always look forward to your content.
Good to see more getting a hang of the market. Tutorial videos only get you so far. That one on one assistance from an investment manager is unmatched.
@@carlfenechjr5017 I do not...I have a investment advisor/full service broker at the helm of affairs of my trades, it's convenient for me that way, and i cut down on risk a whole lot more
@@ansel.thegreat Hi, I’m looking at making some passive income with investment from stocks, if they made you 400 grand then i guess they're reliable. Can you refer me to them?
Interesting and thanks for the great video. Another thing to keep in mind as Commsec pocket is more secure due to big financial bank of Australia got its back on. Easy to use too.
Hi Kylie, great video on the new Commsec Pocket app & just wanted to ask you a question. If I was only to use the Commsec Pocket app for investing what ETFs would you recommend to in sure I have a good mix across the market?
Hi Shannon, thanks for the question! We can't give investment advice about which funds to choose, however, CommSec Pocket does offer a fairly broad range of options across global and Aussie companies. A good way to investigate further and stay diversified is to take a look at the companies each ETF tracks - you can find the full list of companies on the app in the product disclosure statement. For example, the Aussie Dividends ETF tracks many of the same companies in the Aussie Top 200, and the same is the case for Tech-Savvy and Global 100. Unfortunately, it does require a bit of homework! -Kylie
ETFs are a pool of many listed direct equities/stocks so it is already quite well diversified. Ie. the top200 ETF will basically be extremely correlated to the ASX trend/movement as the ASX200 forms such a large proportion of the total ASX market cap (meaning, if foreign markets and macro economics is good, itll do well, if not it wont. There is a lot of speculation of a potential recession or down turn in the markets as well, so do some research and see what you think.
Someone told me Shannon that the Healthwise investment option has been the top performer for them (more than 10%). I think if you have your money spread across 2-3 options you might get the best returns
Thanks Kylie. Amazing review. For the average Jo (in my case average José since I am Latin American living in AU...). If I was to go to an investment manager and ask for their advise to where to invest 50K for argument sake; Would their advise be similar to the ETFs provided/available in Commsec Pocket? In other words would the spectrum of options they would offer me would end up being something similar to the 7 ETFs available in Commsec Pocket? If so, and for the average Jo, would this actually be more cost effective and easier than hiring and investment manager?
Hi Daniel, thanks for the comment! It really depends on your personal circumstances. An investment adviser will cater advice based on your personal preferences and risk profile. Generally speaking, you’ll have the same broad options that Commsec Pocket offers and more. However Commsec Pocket does cover many of the key investing themes you’ll want to pay attention to when building a basic investment portfolio.
Don’t go to an advisor for 50k investment advice. It won’t be worth your money. First you will be sat down so they can collect your details, income, investments, objectives etc this is the fact finding phase. Then base on the “analysis” of your financial position, objective, age and risk they put in into a category - which then offer you a few different or combined options of financial products most likely an ETF. Once it’s all done an SOA (Statement of Advice - basically like a contract) is put together for you to sign and agree. The initial meeting costs $300 upwards with the SOA costing $500 upwards plus any ongoing investment admin cost and advice fees depending how in-depth it requires to be written. It generally your looking at $1,500+ Better to pay yourself that money and do some research yourself to come up with an ETF that would suit your needs. We live in an information world with the world on the palm of your hand. The advisory model is still living in the 80s remodelling/reconstructing every few years to stay relevant.
You don’t need to change anything in settings, this will simply be a new investment to your previous one-off investments. Simply make another investment, pick your investment fund as usual, select ‘invest’ and then pick ‘set as a regular investment’. This will add the new (and subsequent recurring) investments to one lump investment.
@@FinderAU i just found this comment and im new in commsec pocket, in regards to the question, my prev investment will not close, instead it will add funds if i set up recurring/regular monthly investment? Am i going to be charge $2 every month?
They are different, yep. Commsec Pocket is a micro-investing app. It allows you to access a limited number of funds, and to buy in with smaller amounts. Commsec is a full-on trading platform. It's a brokerage that allows you to buy/sell individual shares, funds, bonds and other assets. You can read more here www.finder.com.au/commsec-pocket-hands-on-review-of-the-new-micro-investing-app
@@unclelive6918 it's under Vanguard. The difference between VDHG and VGS is that VGS is international only vs VDHG has the equivalent of VGS as well as VAS (Australia) some emerging markets, fixed cash and bonds making it a complete well rounded fund. Essentially because of broader diversification, VDHG should provide more predictable returns with less fluctuations. VGS is still a very good fund to own and is cheaper in fees so it's whether you want the Aussie shares for better cash flow vs international which is more about high growth but can fall further during a down turn.
Ready to start micro-investing? Here's a head-to-head comparison of CommSec Pocket vs Raiz >> www.finder.com.au/commsec-pocket-vs-raiz-investment-app-comparison?CommSecPocket&
I don't like investing in lump sums, weekly dollar cost averaging is a safer better way to invest in the stock market because it gives you a better chance of getting it cheaper and making better returns
Why you didn’t mention about the ETF management fee. You only mention $2 for the commsec charge per trade. Look down below it said. ETF management fee?!!!! Wrong info??? Double charge I see. Here’s what it really says. ETF management fee Each ETF provider charges a management fee for providing the ETF to investors. The fee ranges from 0.09% to 0.67% of your investment per year depending on the ETF. It's not an out-of-pocket fee. Rather, it's deducted from the ETF's unit price. The fee is shown when you browse the investments. The fee is charged by the ETF provider, not by CommSec.
Hi Vathana, that’s right, all ETFs charge an ETF management fee (aka MER fee) and you can find this information on the product disclosure statement. All returns shown are inclusive of the ETF management fee - so when you look at the performance of the ETF, you’re taking into account both fees and returns. - Kylie
@@achandab you’re an idiot if you didn’t know each ETF has their own fees... no different to buying an ETF from any platform you are going to have brokerage and then the individual ETF fee ....
The only problem is all these stocks suck. No options and you can't choose what stocks you want to buy 👎 Australian stocks are a joke. Want to buy Vanguard and Tesla and all the good stocks that actually make you money CommSec charges huge fees
@@FinderAU thanks for your reply yes I have an account with steak but I find it hard to trust them with large amounts of money. It would be nice to have the security of CommSec without the huge obscene fees.
If you're going to buy ETF's you'll need more than $50 to get anywhere, This platform is terrible and the brokerage fees are not good, $2 fees for a $50 stock is 4% brokerage (that's the same as Westpac, $500 stock is $20 brokerage)..... Most platforms are 0.1 - 0.5% brokerage, Sharesies has fractional shares, no minimum, U.S and Australian shares (not just ETF's)... It's pathetic that AAA rated banks can't keep up with Fintech
How can I buy stocks in Australia without paying massive fees? CommSec is very corrupt the fees are crazy and it's the only secure place to put your money this country is a joke
![[Part 1] รักมาไม่ทันตั้งตัว❤ หนุ่มสาวโสดถูกจับมาแต่งงานกันกะทันหัน แถมเธอยังเป็นหัวหน้าของเขา?!](http://i.ytimg.com/vi/y2pOOMkuFI0/mqdefault.jpg)
Seems convenient and easy to use. I personally wouldn't be buying anything in parcels smaller than $200.00 and would even aim for $500. A $2 broker fee at $200 is 1%, and at $500 parcel size it is 0.4%. Because they are ETF investments they will only move slowly over time so you do not want to give away any more than 1% of your gains.
Ie. Let's say you make an 8% gain over a year before brokerage, that is a 7% gain after brokerage, and accounting for 2-3% inflation leaves you with 4-5% gain. If you brokerage is any more than 1% it really starts eating into your potential gains.
Well said, Lachie. Always key to do the math.
lachie brumby Wow, it’s an invaluable comment!!!
Very true
as a beginner, where would you recommend me buying shares?
I made 10% on NDQ in one month, the problem with your math is that the gains you use are speculative.
Recently I got into the financial markets, and I’ve taken a deep dive into investing, particularly a diverse asset growth investment as it interests me. Tried several methods and figured out the best approach to building my portfolio from stocks, ETFs and bonds, made over a $400k in profits So far, I’m making progress with the help of my investment advisor/manager. Back to the video, wonderful job there, always look forward to your content.
how do you handle the diversity? do you make your trades yourself?
Good to see more getting a hang of the market. Tutorial videos only get you so far. That one on one assistance from an investment manager is unmatched.
Impressive
@@carlfenechjr5017 I do not...I have a investment advisor/full service broker at the helm of affairs of my trades, it's convenient for me that way, and i cut down on risk a whole lot more
@@ansel.thegreat Hi, I’m looking at making some passive income with investment from stocks, if they made you 400 grand then i guess they're reliable. Can you refer me to them?
Great to see the SelfWealth app in your app folder!
You know it! Great eye 🔍
Hi, how to withdraw money from commsec pocket? Is it the sell button and type the amount that you want to sell from the investment?
Hi Kylie, great information thank you . Is there any fees associated with selling?
Interesting and thanks for the great video. Another thing to keep in mind as Commsec pocket is more secure due to big financial bank of Australia got its back on. Easy to use too.
Hi Kylie, great video on the new Commsec Pocket app & just wanted to ask you a question. If I was only to use the Commsec Pocket app for investing what ETFs would you recommend to in sure I have a good mix across the market?
Hi Shannon, thanks for the question! We can't give investment advice about which funds to choose, however, CommSec Pocket does offer a fairly broad range of options across global and Aussie companies.
A good way to investigate further and stay diversified is to take a look at the companies each ETF tracks - you can find the full list of companies on the app in the product disclosure statement. For example, the Aussie Dividends ETF tracks many of the same companies in the Aussie Top 200, and the same is the case for Tech-Savvy and Global 100. Unfortunately, it does require a bit of homework!
-Kylie
ETFs are a pool of many listed direct equities/stocks so it is already quite well diversified. Ie. the top200 ETF will basically be extremely correlated to the ASX trend/movement as the ASX200 forms such a large proportion of the total ASX market cap (meaning, if foreign markets and macro economics is good, itll do well, if not it wont. There is a lot of speculation of a potential recession or down turn in the markets as well, so do some research and see what you think.
Someone told me Shannon that the Healthwise investment option has been the top performer for them (more than 10%). I think if you have your money spread across 2-3 options you might get the best returns
Great explaining, nice & simple to understand. Thank you
Thanks for watching~
Do I have to be a commonwealth customer to use the comic app?
Is there any merit in just investing say a grand in each etf category? Keen to hear thoughts :)
Thanks Kylie. Amazing review. For the average Jo (in my case average José since I am Latin American living in AU...). If I was to go to an investment manager and ask for their advise to where to invest 50K for argument sake; Would their advise be similar to the ETFs provided/available in Commsec Pocket? In other words would the spectrum of options they would offer me would end up being something similar to the 7 ETFs available in Commsec Pocket?
If so, and for the average Jo, would this actually be more cost effective and easier than hiring and investment manager?
Hi Daniel, thanks for the comment! It really depends on your personal circumstances. An investment adviser will cater advice based on your personal preferences and risk profile. Generally speaking, you’ll have the same broad options that Commsec Pocket offers and more. However Commsec Pocket does cover many of the key investing themes you’ll want to pay attention to when building a basic investment portfolio.
Don’t go to an advisor for 50k investment advice. It won’t be worth your money.
First you will be sat down so they can collect your details, income, investments, objectives etc this is the fact finding phase.
Then base on the “analysis” of your financial position, objective, age and risk they put in into a category - which then offer you a few different or combined options of financial products most likely an ETF.
Once it’s all done an SOA (Statement of Advice - basically like a contract) is put together for you to sign and agree.
The initial meeting costs $300 upwards with the SOA costing $500 upwards plus any ongoing investment admin cost and advice fees depending how in-depth it requires to be written. It generally your looking at $1,500+
Better to pay yourself that money and do some research yourself to come up with an ETF that would suit your needs. We live in an information world with the world on the palm of your hand. The advisory model is still living in the 80s remodelling/reconstructing every few years to stay relevant.
Great video, how do i turn on regular investmen optiont if I haven’t done in my first investment?
You don’t need to change anything in settings, this will simply be a new investment to your previous one-off investments.
Simply make another investment, pick your investment fund as usual, select ‘invest’ and then pick ‘set as a regular investment’.
This will add the new (and subsequent recurring) investments to one lump investment.
@@FinderAU i just found this comment and im new in commsec pocket, in regards to the question, my prev investment will not close, instead it will add funds if i set up recurring/regular monthly investment? Am i going to be charge $2 every month?
what is a regular investment mean? I don't understand that part.
Awesome video! Super informative and to the point! 😇 I was wondering if there are any withdrawal fees?
Thanks, Rakesh! You can withdraw money from your investment account at any time without any additional fees.
@@FinderAU CommSec Pocket App charges you $2 when you withdraw from the Option you have chosen to invest in.
Thank you this was informative
Sorry I am very new is CommSec pocket and CommSec two different things?
They are different, yep.
Commsec Pocket is a micro-investing app. It allows you to access a limited number of funds, and to buy in with smaller amounts.
Commsec is a full-on trading platform. It's a brokerage that allows you to buy/sell individual shares, funds, bonds and other assets.
You can read more here www.finder.com.au/commsec-pocket-hands-on-review-of-the-new-micro-investing-app
Finder thank you it’s appreciated
Why we need to sign in only netbank account?
nice video with nice music :) well done
Thank you for the advice.
What’s the best shares for set and forget in Commsec ?
Where are you from?
VDHG
@@jodie883 Where VDHG is under ? And VSG sams thing ?
@@unclelive6918 it's under Vanguard. The difference between VDHG and VGS is that VGS is international only vs VDHG has the equivalent of VGS as well as VAS (Australia) some emerging markets, fixed cash and bonds making it a complete well rounded fund. Essentially because of broader diversification, VDHG should provide more predictable returns with less fluctuations.
VGS is still a very good fund to own and is cheaper in fees so it's whether you want the Aussie shares for better cash flow vs international which is more about high growth but can fall further during a down turn.
@@jodie883 thanks for the reply , I mean where do find it in commsec pocket? Vanguard one of the main categories in commsec pocket ?
Let's say I do a one-off 1000 aid investment. What are my risks and advantage for commsec
is that $70 a month?
Ready to start micro-investing? Here's a head-to-head comparison of CommSec Pocket vs Raiz >> www.finder.com.au/commsec-pocket-vs-raiz-investment-app-comparison?CommSecPocket&
I don't like investing in lump sums, weekly dollar cost averaging is a safer better way to invest in the stock market because it gives you a better chance of getting it cheaper and making better returns
Raiz fees are way too high . Commsec pocket, Spaceship voyager or superhero ETF’s are a smarter idea
Why you didn’t mention about the ETF management fee. You only mention $2 for the commsec charge per trade. Look down below it said. ETF management fee?!!!! Wrong info??? Double charge I see. Here’s what it really says. ETF management fee
Each ETF provider charges a management fee for providing the ETF to investors. The fee ranges from 0.09% to 0.67% of your investment per year depending on the ETF. It's not an out-of-pocket fee. Rather, it's deducted from the ETF's unit price. The fee is shown when you browse the investments. The fee is charged by the ETF provider, not by CommSec.
Hi Vathana, that’s right, all ETFs charge an ETF management fee (aka MER fee) and you can find this information on the product disclosure statement. All returns shown are inclusive of the ETF management fee - so when you look at the performance of the ETF, you’re taking into account both fees and returns.
- Kylie
I was not aware of these fees. If Finder didnt mention these fees, then Finder is not doing their job properly.
Thanks for stopping me from using commsec pocket and unsubscribing from finder!
@@achandab you’re an idiot if you didn’t know each ETF has their own fees... no different to buying an ETF from any platform you are going to have brokerage and then the individual ETF fee ....
The only problem is all these stocks suck. No options and you can't choose what stocks you want to buy 👎 Australian stocks are a joke. Want to buy Vanguard and Tesla and all the good stocks that actually make you money CommSec charges huge fees
We hear you. It's definitely not the be-all-end-all of brokerage apps. Have you heard of Stake? Might be worth checking out for access to US stocks.
@@FinderAU thanks for your reply yes I have an account with steak but I find it hard to trust them with large amounts of money.
It would be nice to have the security of CommSec without the huge obscene fees.
Can anyone join with commsec app ?
Yes anyone can use the Commsec Pocket app, do you already bank with Commbank?
@@shannonboyd3 yes I have my account with Commonwealth bank
Okay, just download the Commsec Pocket app from the play Store & follow the setup instructions.
If you're going to buy ETF's you'll need more than $50 to get anywhere, This platform is terrible and the brokerage fees are not good, $2 fees for a $50 stock is 4% brokerage (that's the same as Westpac, $500 stock is $20 brokerage).....
Most platforms are 0.1 - 0.5% brokerage, Sharesies has fractional shares, no minimum, U.S and Australian shares (not just ETF's)...
It's pathetic that AAA rated banks can't keep up with Fintech
How can I buy stocks in Australia without paying massive fees? CommSec is very corrupt the fees are crazy and it's the only secure place to put your money this country is a joke
Why do people invest in companies they care about, shouldn’t you be investing in things that will make you money?
Because people want things they care about to succeed and therefore offer financial support.