Commonwealth Bank has launched a new way to invest in ETF’s called Commsec Pocket. ETF’s or exchange traded funds, are funds that are made up of hundreds of underlying stocks. Shares in these funds are traded through the stock exchanges. The advantage of ETF’s is you get to invest in a diverse(ish) portfolio of stocks in a single investment. For retail investors, this has proven to be a more successful for many investors compared to trying to pick and choose individual stocks.
So before you download Commsec Pocket, make sure you read this review to see if it’s the right investment choice for you.
In this review, I’m comparing Commsec Pocket with Raiz as that’s the product Commonwealth Bank is looking to directly compete with.