Commsec Fees for U.S Shares: Is it worth it?

Commsec FeesOn Commsec you can trade shares like Apple, Netflix, Tesla etc that are listed on U.S stock exchanges.  But while it may sound cool to dive in and start buying these shares, there are fees you need to be aware of.    I’m going to break down the different Commsec fees that are charged and compare them to other brokers so you can get the best deal for buying U.S listed shares.

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How to Buy Stocks with No Fees

How to buy stocks with no feesAre you looking to start building a portfolio of stocks but have been put off by the high commissions or fees charged by some platforms?  Well thanks to some new platforms in Australia, it’s now possible to buy stocks and not pay any commissions.  Here are the platforms that I’ve tried and found to work well:

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Raiz launches new Sapphire Portfolio

In 2020, Raiz launched a new portfolio type that includes Bitcoin. The Sapphire portfolio from Raiz includes 5% bitcoin.  This new portfolio makes investing in Bitcoin as simple as investing in other assets like shares and etfs.

But is it a good investment?  I can’t tell you if this is a good investment for you, but I can lay out some of the facts around the portfolio to help you make a better decision.  So before investing in the Raiz Sapphire portfolio make sure you read this post.

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The Easiest Ways to Invest in Growth Stocks

How to invest in Growth StocksLooking to grow your net worth using Growth Stocks.  Here are some of the easiest ways to invest in Growth Stocks in Australia.

What is a Growth Stock?

Simply put, a growth stock is a publicly traded company that is expected to grow more than the market.   A good example in 2020 would be Tesla.    Since the start of the year it has gained over 200%.  This is obviously an outlier.  But there are many other stocks that have grown even during the market downturn.

If you’re a young individual you probably don’t have a huge net worth.  So your goal most likely is to grow your capital.  Growth stocks are one way to achieve this.

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How to save your first $100k

Guru investor Charlie Munger once said “The first $100,000 is a bitch”.  It sure is.  When you start out investing and saving, your money will gain very little from compounding.  Most of your growth will come from putting aside money from your salary and other side income.

Once you hit $100k though, things will start to become a little easier.  For many people $100k seems completely unreachable.  But there are countless stories of people who have been dilligent with their finances and managed to overcome that barrier.  Here are some tips you can use on your journey to ammassing your first $100k.

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eToro Review: Is It worth signing up for

I’ve been using eToro for a while now.  It’s an innovative online social trading platform that is now available in Australia.  It has some pretty unique features so I thought I would give it a full etoro review for 2020.  So is eToro worth it?  Read on to find out:

What is eToro

eToro is an online trading platform.  Through eToro you can trade shares, forex, commodities (such as gold and oil) and cryptocurrencies.  What makes eToro unique is that it’s also a social trading platform.  It’s a bit like if you combined Facebook with a broker.  Traders on eToro can share their trades, and other people can copy them.

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You can now Invest in Stocks without Commissions on eToro

Popular online trading platform, eToro has launched commission free trading for real stocks.  This means you can trade stocks like Netflix, Apple, Tesla and more and you won’t pay commissions.  Previously eToro only offered CFD trading in Australia.  But now you can buy and own the actual stock through eToro.

Investing in U.S Stocks

While you can trade cfd stocks from all over the world on eToro, currently only real stocks are available for U.S listed stocks.  But for many Australians, this is perfect.  I know I’ve always wanted a way to invest in U.S stocks without having to pay the huge commissions that Australian brokers charge.

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The cheapest way to invest in stocks: The Best Platforms

One of the biggest drawbacks of share investing are the brokerage fees.  These can really eat into any gains – especially if you’re not investing large amounts of capital.

Unfortunately in Australia we don’t have access to platforms like Robinhood which offers free stock trading.  But if you’re a bit creative, there are ways to cut down on your fees.  Here are my picks for the cheapest stock trading platform

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