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.
Many people believe that investing is something for the rich or financial experts. The reality is though that anyone can start investing, and you don’t even need a lot of money. You can start investing in stocks and bonds with as little as $5. And you can even do it without being charged any fees! So read on to find out why you should be investing and how you can do it too, even if you’re broke.
Index funds are a low cost, diversified way to invest in the stock market. The reality is that most retail investors who try and pick stocks on their own will end up either losing money or not beating the market index. That’s why index funds are a great option for investing. They’re hands off and contain a well rounded selection of stocks. And the numbers don’t like – individual investors see better returns when investing in index funds!
It’s tax time! Thankfully these days submitting a tax return is super easy for most people. And a lot of you will be getting a nice little tax refund. So what are some smart things you can do with your return? I’ve put together 5 of my ideas, let me know in the comments if you have any ideas of your own.
Update – We’ve updated this with the latest promo for 2019
It’s amazing that in 2019 it’s possible to invest in a complex, diversified portfolio of stocks and bonds with just a couple of taps on your phone. In fact investing has never been easier. You don’t need lots of money to start investing anymore. In fact you can get started with as little as $5.
Every day I use products from Apple, Google, Netflix etc. So it would make sense that I’d want to invest in them. I do like to try and invest in products that I believe in and use.