I've been doing a lot of research regarding CommSec and whether thats the right option for me, as well as comparing the other apps available. Your video is honestly the clearest information I've found so far. Thank you for posting!
Very educative tutorial with well detailed information I appreciate, *The Semyon Tchernenko Strategy* was the only way i was able to get results. You can Google it
LOLOLOLLLL... Excellent proportion of time on wrapping up the comparison among three cheap investment App. Plus, the analysis on which type of investment App matching on which type of investor personality. Thumbs UP again. Get MORE AND MORE following viewers in the future.
Hi, Found this link from a reddit thread on FIRE. Great explanations in nice simple terms for anyone looking to invest. Are there any pitfalls or complications for those that complete their own tax returns when it comes to tax time for any of these apps? You also mentioned (in replying to another comment) having to pay CGT if you cash out. More info on that would be great unless you already have a clip about that specifically?
In general there isn't really any pitfalls with tax when using these apps - you'll just need to follow the standard rules like declaring/paying CGTs on any profits when you sell, remember if you have held for more than 12 months you can get a discount here!
Hey Michael, thanks for this video mate! Really nicely done. The Raiz fees has increased since this video was made. The Saphire Portfolio for example now is $3.5 / month AND 0.275% ... shocker. That is very expensive.
Hi! Thanks for the video. I am just getting started and this was really helpful. I just have a question about what happens if, for example, I invested money in Spaceship but they become bankrupt or stop operating. I am a total beginner but just want to know what happens to my invested money if they go under or are sold? I hope this makes sense, I have no idea about investing!
I recall reading in their documentation that the company is covered by some kind of insurance and you should be ok. Please look into it yourself though. I can't remember exactly where I found that specific piece of information.
This was very informative, just wondering how do you know which portfolio for Raiz to choose? You mentioned Emerald was doing the best? Therefore would you choose that? Or would you choose another portfolio?
Very educative tutorial with well detailed information I appreciate, *The Semyon Tchernenko Strategy* was the only way i was able to get results. You can Google it
hey bro. was wondering r u gonna make any videos based in the us stock market? also your voice is good to listen to. keep it up my friend. #sydney #asian
Hey Joson - yep will do soon. As I've been getting some US stocks more recently as their ETF management fees are quite a bit lower than equivalent AUS ones. And thanks :)
Good question. Currently I hold mine as an individual because it's the best for my current situation. However I think this would change if I was self-employed or had children who I could distribute funds via a trust to. A tax professional will be able to provide the best guidance here.
Hey Michael! Thanks for share your knowledge with us. Could you talk about Selfwealth, advantages and Buying ETF’s through this platform, please! Cheers!
I just looked into this, apparently there is no way to switch between investment options currently within the app. Their support page says you can contact them to talk about how you can invest in another portfolio...
For someone who invests in $1k per month, 0.2% brokerage is not too bad… all other platforms charge more than this (inc account fee) …… Vanguard personal might be higher as portfolio gets bigger, and you don’t get HIN.
Thanks for doing this vid! I'm planning to go with Vanguard personal investor because I'd be able to DCA more easily instead of having to save up to cover brokerage fees. Just wondering if you could share in greater detail the next steps after micro-investing. I'm worried if there would be complications as I know that VPI isnt CHESS sponsored so Im not sure if i'd be able to transfer assets out of the account when I want to close it. I'm not sure if Raiz/Spaceship/Commsec is the same as well
Glad you enjoyed it. That's a great question - so with any issuer sponsored share brokers (non-CHESS), it's still possible to transfer your holdings across to other brokers as long as the name on the account matches exactly. So with CommSec pocket/VPI this would be possible. However with Raiz/Spaceship, you're not holding the securities directly so there wouldn't be a way to transfer them and if you wanted to switch you would have to sell your holdings (and realise any capital gains).
Hey bro, I'm already apart of raiz for about 2 years now and was thinking of switching to commsec pocket or spaceship, which one would recommend most and why? Thanks!
nice! Well I think it depends on your investment amount on whether commsec will be good or not, whereas Spaceship will always be good up to at least $5K if you like tech investments.
With the commsec pocket can I just have it as a set and forget like raiz? Also what happens if I have more then 5k in spaceship? Thanks bro I want it to be a very long term investment , I'm also from Australia
You should make a content on how to earn 6 figures in monthly profits cos I've been reading about investors making up as much and I'd really love to know how to such substantial profit in this current market....
I recommend to pick up and read a few books. Peter is where I was recommended to start. Learn different strategies so that you might develop your own....
I appreciate making such an informative video for viewers! I have begun investing through Commonsec pocket and I will see!
How is it now ? Is it ok brother ?
I've been doing a lot of research regarding CommSec and whether thats the right option for me, as well as comparing the other apps available. Your video is honestly the clearest information I've found so far. Thank you for posting!
Glad it was helpful!
Very educative tutorial with well detailed information I appreciate, *The Semyon Tchernenko Strategy* was the only way i was able to get results. You can Google it
CommSec is wayyyyyyyy to expensive
This was SUCH a great video explaining the pros and cons for a beginner, thank you so much!!! So helpful!!
You are so welcome!
This is probably the most honest and informative video I've watched.
Thanks so much
Absolutely loved this video. As a fellow Aussie i really appreciate your efforts mate. Thank you so much for this valuable information Michael 🇦🇺😀
My pleasure!
As a beginner trying to learn before investing, this is really informative and clear to understand. Thanks Michael!
LOLOLOLLLL... Excellent proportion of time on wrapping up the comparison among three cheap investment App.
Plus, the analysis on which type of investment App matching on which type of investor personality.
Thumbs UP again.
Get MORE AND MORE following viewers in the future.
What a great video Michael!
Excellent comparison . Keep doing your good work . Very useful for beginners like me !!!!!
Thanks, will do! Glad that it was helpful
Great video. By far one of the best.
Wow, thanks!
wow, good to know. will start in 2022
Amazing video I saw another from another guy and I didn't understand anything but yours is amazing thank u
Really helpful video Michael. Thank you so much!
Absolutely fantastic vedio!! Top job mate.
Thanks for the great video! I was wondering if you could comment on the safety of these three platforms in terms of hacking and cyber attacks?
Great video! Thanks, Michael👍
Hi Michael, Do you ever do personal investing consultations at all?
Great video.. thanks for the tips!!
Glad it was helpful!
What is better Micro investing or Vanguard
Hi,
Found this link from a reddit thread on FIRE. Great explanations in nice simple terms for anyone looking to invest.
Are there any pitfalls or complications for those that complete their own tax returns when it comes to tax time for any of these apps?
You also mentioned (in replying to another comment) having to pay CGT if you cash out. More info on that would be great unless you already have a clip about that specifically?
In general there isn't really any pitfalls with tax when using these apps - you'll just need to follow the standard rules like declaring/paying CGTs on any profits when you sell, remember if you have held for more than 12 months you can get a discount here!
Hi Michael! Great video… for technology investments under $5k what would you recommend more - spaceship universe or a technology ETF like FANG?
Thanks man appreciate the video youre the best
Could u review some of the other more popular apps eg. CMC , just wanted to get ur take on them aswell.
Hey Michael, thanks for this video mate! Really nicely done.
The Raiz fees has increased since this video was made. The Saphire Portfolio for example now is $3.5 / month AND 0.275% ... shocker. That is very expensive.
Would you recommend investing into VOO or Spaceship's ETF if you had only a few thousand dollars?
Does vanguard or commsec pocket charge brokerage fee when I use the auto invest feature?
So helpful video for beginners!
thanks so much, would love a review on Stake too
Noted! Coming soon
Can you compare the platform for
Investing in US stock market
thank you for the informations so much helpful
Thank you 🙏
Can you do a video on commsec pocket dividends?
Was great to find!
Hi! Thanks for the video. I am just getting started and this was really helpful. I just have a question about what happens if, for example, I invested money in Spaceship but they become bankrupt or stop operating. I am a total beginner but just want to know what happens to my invested money if they go under or are sold? I hope this makes sense, I have no idea about investing!
I recall reading in their documentation that the company is covered by some kind of insurance and you should be ok. Please look into it yourself though. I can't remember exactly where I found that specific piece of information.
Do you need to be a commonwealth customer for commsec pocket?
Great video mate is raiz safe to be in
I’ve been using RAIZ for a few years now. Never had any problems withdrawing any money.
This was very informative, just wondering how do you know which portfolio for Raiz to choose? You mentioned Emerald was doing the best? Therefore would you choose that? Or would you choose another portfolio?
Very educative tutorial with well detailed information I appreciate, *The Semyon Tchernenko Strategy* was the only way i was able to get results. You can Google it
hey bro. was wondering r u gonna make any videos based in the us stock market? also your voice is good to listen to. keep it up my friend. #sydney #asian
Hey Joson - yep will do soon. As I've been getting some US stocks more recently as their ETF management fees are quite a bit lower than equivalent AUS ones. And thanks :)
Great video.. Have you done a review for Stake yet? Would love to see your thoughts on that app!
Not yet! Will be doing one soon - thanks for watching :)
Hey this is a bit of a random question. But do you hold your investments in an individual, joint or trust?
Good question. Currently I hold mine as an individual because it's the best for my current situation. However I think this would change if I was self-employed or had children who I could distribute funds via a trust to. A tax professional will be able to provide the best guidance here.
Right this is the same as me, one last question. Are you able to move from an individual to a trust fairly easy? Ps. Loving the channel!
I think it's fairly easy to do but I know you have to pay capital gains when transferring assets to a trust, so definitely a bit of a downside there.
Awesome tips! Subscribed :)
Definitely SelfWealth.
This is amazing!
Hey Michael! Thanks for share your knowledge with us. Could you talk about Selfwealth, advantages and Buying ETF’s through this platform, please! Cheers!
No problem! I actually just posted a video comparing SelfWealth to a few other low cost brokers!
I only have access to spaceship origins in my app. Do you know how to access the spaceship universe?
I just looked into this, apparently there is no way to switch between investment options currently within the app. Their support page says you can contact them to talk about how you can invest in another portfolio...
@@michael_ko Ahh well done, I couldn't find any info on it. Do you have a preference on which portfolio you would choose?
@@Stricko I'm on the universe the portfolio personally. I prefer the greater allocations in US stocks and the returns have been much better
For someone who invests in $1k per month, 0.2% brokerage is not too bad… all other platforms charge more than this (inc account fee) …… Vanguard personal might be higher as portfolio gets bigger, and you don’t get HIN.
Hey mate, just wondering what platform you use personally?
I'd really like to know this too please!!!!!
Best!!👍👍👍👍👍
Thanks for doing this vid! I'm planning to go with Vanguard personal investor because I'd be able to DCA more easily instead of having to save up to cover brokerage fees. Just wondering if you could share in greater detail the next steps after micro-investing. I'm worried if there would be complications as I know that VPI isnt CHESS sponsored so Im not sure if i'd be able to transfer assets out of the account when I want to close it. I'm not sure if Raiz/Spaceship/Commsec is the same as well
Glad you enjoyed it. That's a great question - so with any issuer sponsored share brokers (non-CHESS), it's still possible to transfer your holdings across to other brokers as long as the name on the account matches exactly. So with CommSec pocket/VPI this would be possible. However with Raiz/Spaceship, you're not holding the securities directly so there wouldn't be a way to transfer them and if you wanted to switch you would have to sell your holdings (and realise any capital gains).
BTW spaceship code is too old which had stopped
thanks for the heads up here is the new one S8Z615RDWB
Superhero is the new cheapest. Annoyed that you can't do limit orders without paying extra though
Yeah not great to have to use market orders all the time
legend
Right back at ya
Hey bro, I'm already apart of raiz for about 2 years now and was thinking of switching to commsec pocket or spaceship, which one would recommend most and why? Thanks!
nice! Well I think it depends on your investment amount on whether commsec will be good or not, whereas Spaceship will always be good up to at least $5K if you like tech investments.
With the commsec pocket can I just have it as a set and forget like raiz? Also what happens if I have more then 5k in spaceship? Thanks bro I want it to be a very long term investment , I'm also from Australia
I get an error 404 from your link for spaceship.
Updated thanks for letting me know
Another banger!
Thanks glad like you liked it!
Spaceship did change there fees to 2.5 dollars monthly 😞
yeah bit of a bummer to be honest
They did now include the round up feature though
ok Stephan Graham
Peace ✌️✌️✌️✌️✌️
Raiz is absolute crap if you only want to start small. Minimum $3000.
Rip to anyone who invested at that time
You should make a content on how to earn 6 figures in monthly profits cos I've been reading about investors making up as much and I'd really love to know how to such substantial profit in this current market....
I recommend to pick up and read a few books. Peter is where I was recommended to start. Learn different strategies so that you might develop your own....
who is your financial coach, do you mind hooking me up?
I just looked her up and her strength is very attractive, I will definitely write to her soon. Thanks......
Oop just found this 😂😂😂
Can you people just get to the damn point!!!
Speaking the obvious. Yawn.