Great to see an Aussie tailored channel. Thanks Sanjee.

@SanjeeSen

Жыл бұрын

Thanks Lucy!

Brilliant. So clear and concise. Thanks Sanjee!

Thanks Sanjee :)

Extra notes on CMC Markets, it is $0 brokerage up to $1,000 per stock per trading day (e.g. buying $500 VAS and $500 VGS on the same day is $0 brokerage). Brokerage when you sell is $11 or 0.10%. Pearler is currently the only broker to have an autoinvesting feature, so the $5.50/$6.50 brokerage can be worth it for people who find value in that feature.

@SanjeeSen

2 жыл бұрын

Great notes SwankyKoala. Especially on the autoinvest feature. Might need to speak more into that in future videos.

Thank you!

Great idea, well explained vdo

Sanjee, I’m a new subscriber. Awesome content so far. Really impressed.

@SanjeeSen

Жыл бұрын

Thanks so much! I'm planning to try some new topics out in the new year. Hope you enjoy them too.

Thanks for the update Sanjee, with Pearler I bought their credits when they were promoting them at a 33% discount which I use to pay for purchasing fees. After they dropped their fees to $6.50 Pearler then locked in my remaining credits to a lower investment fee of $4.33. Which should last me 34 months in monthly automatic reinvesting.

@lawrenceokwara1999

Жыл бұрын

I agree with you

I am with CMC and I used to pay 11$ every few months to buy ETFs. I have now been paying 0$ for quite a while. I simply buy the positions over a few days instead of in one single day.

@SanjeeSen

Жыл бұрын

Yep great callout! This is what I've been doing too since I got the account setup.

@lovishbajaj7460

Жыл бұрын

What you think about etoro mate? Is it safe?

@lovishbajaj7460

Жыл бұрын

@@SanjeeSen what are your opinion about “etoro” mate? Is that safe?

has anyone switched from Vanguard personal investor to cmc? did you have to pay to have your shares transferred and any CGT?

Surprised you didn't mention the biggest pro of Commsec which is T+2 settlement. CMC is great though, the 0$ trades are a new promotion but $11 trades has been around for a long time. I switched to them because they've been in Aus since 2007 unlike some of these newer companies.

Hi Just like chess sponsered asx shares you bought can we buy US stocks to your name in australia? rather keeping it as a custodial accounts that has no our name for share holdings . ? thanks

Can you look at HVST and YMAX etfs? Maybe compare to VHY Also, little mention of SYI

Hi sanjee, what’s your thoughts on superhero? Can you do a video on that ?

How do you actually move your portfolio from CommSec to CMC?

Hi Sanjee, I am a first-time investor and need some advice on buying ETFs how much should in general invest?

CMC 的确有串改顾客交易记录的事实。几分钟光纳斯达克的$15万利润变成了几百块的亏损！不同时期的买入价格便成了同一个买入价！

Only issue I find with CMC is that, the money takes 1-2 day to arrive that for which is very slow, if you want to buy it quick.

how come you don't use stake. Or did you explain that it another video that I didn't watch

Hey 😊 what is better for me from Germany , DPS or CVDs ? The question is : ist this two different Products or Liquidity Pools ? There is different Fees or Cost ? Thanks

Jumped from CommSec to Stake. I buy $600-$1200 parcels don’t wanna get smashed. Free brokerage for a year is nice

@Djvili

8 ай бұрын

Are you still with stake ?

@Thrillhouse911

8 ай бұрын

@@Djvili yeah bloke

Hi Sanjee, thank you for the awesome content. I had a question. You've made a previous video comparing brokerage fees, may I know why you ended up switching to CMC markets over other brokers who have lower brokerage fees such as Pearler or Stake? Was it the age of the broker + reliability of the platform?

@McIntyresMalts

Жыл бұрын

Yes I am also curious @sanjeeSen , if brokerage fees are one of your main drivers as to which platform you use and you only invest in the ASX, why not just go straight to stake @ $3 / trade? What am I missing here?

How about stake invest

Commsec Pocket bro. $2 fees. Downside is they only have 7 ETFs which sucks. Bonus though is everything is still all in my Commbank account.

Iam with comsec I do 26 trades per year at just under $1000 per trade=$260 brokerage a year,that amount comes off the tax when I sell eventually.very reasonable I think.

How about Inactivity Fees ? - Fees for Moving Monies out from the Brokerage account back into your Bank account ? and of course Spreads ? very important adds up! thx

@jaym8908

Жыл бұрын

no inactivity fees

Can you do a video comparing stake and pearler

@SanjeeSen

Жыл бұрын

Hi Tevi, I'll certainly add it to the list. But I don't use either so it'll be as someone looking from the outside.

Can you make video on how to open broker account in CMC.. And how to use it ?

@SanjeeSen

Жыл бұрын

Hi Nirmaal, yep coming soon! I’m just finishing off a video on how to do the CHESS transfer now.

@nirmaal2255

Жыл бұрын

@@SanjeeSen waiting 😍

@VV-lr7xe

Жыл бұрын

@@SanjeeSen Also do you have any vedio that has everyting how to devident reinvest for australian shres etc ? (an idiots guide- basic guide from the beginning )

In regards to CMC Markets. What is the minimum trade after the first initial investment of $500? It doesn't specify the amount on their website. Cheers

@SanjeeSen

Жыл бұрын

Hi Hayden - yes it is $500 for any buy order. I actually just tested it today. They give you a warning and don't let you put through the buy order for anything under $500. I believe the $500 limit comes from the ASX. You can put through sell orders for less than $500 though.

Isn't Perler also a custodian and not Chess sponsored (as the others are)? Which is a key difference to mention

@MegaWombatGaming

Жыл бұрын

No it's not

Is CMC share registrar is Computershare? All my Commsec shares appear in Computershare but shares I bought via CMC yesterday is not visible in Computershare.

@SanjeeSen

Жыл бұрын

Hi P P, I can think of a few reasons why this might have happened. 1). Sometimes it can take 2-3 days for the new shares to appear in Computershare. 2). Did you purchase the new shares on the same HIN Number - because it might then appear under a different computershare account. 3) Share registry is different for different companies you invest in. So if you've bought shares in a company that uses a different share registry than Computershare (like maybe Link market services), then your new purchases won't appear on Computershare. I think it is best to call/contact CMC and Computershare to understand what might have happened.

@PrasadPereraSydney

Жыл бұрын

Thanks @@SanjeeSen. Shares I bought are VGS. I can see the shares I purchased via Commsec in Comoutershare but not the ones I bought via CMC. As you have advised, I'll contact CMC and Computershare next week. BTW, love your videos and they have helped me to start investing.👍

Holy velvet voice

Does CMC offer CFDs ? that is an OTC product meaning you are likely be trading against the house where as Com sec is direct market exchange traded products , no conflict of interest , correct me if I am wrong

@OffGridInvestor

2 күн бұрын

CMC is normal share buying, you get dividends paid and all. Not the CFD hot potatoes that are continually advertised on KZread. But you're right about CFD. Contract For Difference. You're effectively buying a BET, it's basically a betting app where you're betting against whatever wall street banks think will happen. And you're not actually holding any assets. I have heard some horrific stories on people doubling down, borrowing money from family and losing $180,000 then suiciding. People not worrying about stop loss because "how far could it go overnight" too wake up and find they've lost $300,000 because the company collapsed overnight on the NYSE.

How would one go about moving brokers? Do I just sell all my shares on one broker and purchase It them on the other? or is there like a transferring process? Great video btw, makes me rethink comsec now.

@swankykoala4836

2 жыл бұрын

You can transfer your shares from one broker to another. This doesn't cost anything and doesn't trigger CGT as you're not selling shares. I think you need to make a new account with your new broker, ensuring the details between your new and old broker accounts are the same, then requesting a 'broker to broker transfer' form from your old broker.

@xHyzer

2 жыл бұрын

@@swankykoala4836 Hey thanks! Il def look into this. 👍

Is there any way to transfer money to CMC cash account quicker ?

@mrlijine

2 жыл бұрын

I don't think so, I had the same issue, that money takes minimum 1 day to arrive...

@SanjeeSen

Жыл бұрын

Hi Kamal, yes my experience has also been 1 business day. It looks like they haven't got Osko setup on these accounts yet.

@jaym8908

Жыл бұрын

You can link up Macquarie Cash Management Account with CMC and CMC will close the ANZ Cash Settlement account. Macquarie CMA account is able to receive real-time payments

do you have to pay to use cmc markets?

@SanjeeSen

Жыл бұрын

Hi Shreder, you don't have to pay to setup the share brokerage account. But you do have to pay each time you make a BUY or SELL transaction. You can find out about their fees on their website.

I only found Stake through CMC's comparison table where Stake looked better :)

@SanjeeSen

10 ай бұрын

Comparison tables can go either way I guess haha! Thanks for watching and commenting!

CMC use ANZ investment cash investment account which has a monthly fee of $19.95 where as the commsec CDIA account has no fees

@sumeriansumer1622

Жыл бұрын

xbren86, I talked to CMC stockbroking, and they don't charge a monthly fee of $19.95

@AnonymousBloke

Жыл бұрын

No, there is no fee on the ANZ account.

Me and my wife both have CMC accounts My wifes account only has VAS: We invest 400 per month in shares for the kids with the idea that in 25 years they will get all that money My account is CMC: I have a portfolio over 100k Binance and $ cost average of 100 per week.