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He only popped up in my feeds this week… watch a couple of videos and I agree he’s pure talent he’s got the gift of the gab.. easy to understand subscribe now lol
Regardless of my initial losses as a novice, in the long haul, getting into trading is the only venture that makes sense over time since it’s been highly remunerative for me.
Well, I've gotten into a plethora of assets with $30k spread across stocks index funds, and ETFs, for the long term. I've been investing with help from a pro wealth strategist, Herman W Jonas who oversees my investments. Now I sit back and reap my dividends while I just reinvest from time to time.
@@Pambegay Well, that's your view. In my experience, there is no such formula, It is nearly impossible to achieve success with investing. It’s all just gambling.
@Ughatton I tried getting into stocks myself some time last month and lost a ton of money as I was ill-advised. Can you please direct me to him as I’ll like to hear from an expert?
I agree with others here 100% You are really good at this and make everything so clear and easy to understand! keep it up brother and thank you so much for this video😉👊
HI Bryan! Im new to investing in Australia, just moved here a couple of months ago. Your video has been truly helpful. Keep coming up with great content! cheers
Hi Bryan, thank you for the tutorial. It's super helpful! Just a question, shouldn't CommSec automatically waive the brokerage fee for new member? Why in the video, you still have to pay for the brokerage?
No worries. I think they currently have a 10 free trades for new members then back to the default brokerage fees after that. Not sure how long this promo will last.
Hi @BryanInvest, I follow your video quite often and you effort and energy are something to really appreciate. Could you please make videos on Day Trading platforms in Australia? How much are you into Day Trading?
Important question. Which Commsec and Commpocket EFT are double-ups. The same one basically. I.e Aussie top 200 and IOZ? If they are double ups, which platform would you use? Thanks. Love the channel.
What ever 7 ETFs Commsec Pocket has, Commsec also has. Think of Pocket as Commsec on training wheels. IOZ and A200 are very similar so just depends on what you want to use. Commsec pocket brokerage is much cheaper at $2 so if you would be saving a bit there. If you choose IOZ then makes sense to just use Pocket.
Considering the smaller returns on ASX only based EFTs, I think if I had to choose 3 I'd go Zyus/Spy/NDQ over VAZ & IOZ. Just feel the returns will be better. Fishing in a bigger pond with bigger fish. I like the idea of Australian based EFTS but by desire for wealth trumps my sentiment. I feel Commsec better option. Your channel has helped me alot. Thanks.
If I'm buying shares under 1k for my kid (whom I've signed up, for example), will it still cost $10 per trade (with CDIA account), or less? My concern is if I"m wanting to buy shares fortnightly or monthly at say $50 each time, minus $10 is a lot each time. Any suggestions?
Hello, yes I understand your concern and I agree $10 is too much for smaller increments. However, I think Commsec have now reduced their fees to $5 for up to 1k which is more reasonable. You could also consider other Brokers that charge less fees than this. www.commsec.com.au/support/rates-and-fees.html
Hello Bryan! I just dont quite understand about the price limit at the selling part. For example, I want to share a stock at a certain price, in your example, it is $90 for VAS, then i choose an expiry date. What is the difference between choosing a specific day and "good for day". Like if the price of VAS goes up to $90 before the expiry date i selected, it will sell automatically, am i understanding it correctly? Then what about "good for day" means? thank you Bryan!
Great video, I'm new to this whole investment, so this was very informative on how to use the commsec app. What money is needed in our account is it the Order $ at the end or the $ Value to invest? Do you have to buy such large quantities of shares, or can you buy 2 -3 ?
Hey, thanks for watching. I'm glad it helped! The total amount should be shown on the final screen, that's the amount you need in your account. I believe the order value is the value without brokerage fees included. So the total amount = order value + brokerage. You can buy as little as you want as long as the value is above $500 AUD. So quantities of shares doesn't matter, rather the total value of the shares.
I tried to buy $500 worth and this came up any help Your initial purchase of a security must be a minimum of $500. Subsequent purchases must be a minimum of $100 and ensure a holding balance of $500. The value of your order is $499.80
Hey Ethan, yes the ASX has a rule that for all Chess Sponsored Brokers (including Commsec) you must buy $500 or over if you're buying a stock for the first time. You can then buy in lower parcels after the initial purchase. Just increase your order to be above $500. www.commsec.com.au/support/help-centre/placing-a-trade/minimum-shares-i-can-purchase.html
Cheers Grant. Yes, you can set up a stop loss by putting in a conditional order. Please see article below 👇 www.commsec.com.au/support/help-centre/placing-a-trade/how-do-conditional-orders-work-.html
Thank you for the detailed information. I tried to slow it down but it did not work for me. It just halted. Anyway my question is regarding the stock broker fees. I know they are incorporated in the buy and sell process, so does that mean I can’t claim them as a loss.? This will be my first year doing the taxation of my shares. Thank you in advance .
According to the ATO: You can't claim a deduction for some costs related to purchasing your shares, such as brokerage fees and stamp duty. However, you can include them in the cost base (cost of ownership - which you deduct from what you receive when you dispose of the shares) to work out your capital gain or capital loss.
Hey Bryan, After looking into the CommSec I can’t find a way to invest in BTC or cryptos In addition I just wondering if you know what are the differences between VAS and SPY? Are they the same index? How can I do to invest in NASDAQ or SP500 from the CommSec? Please advise Good videos good explenation Thank you
I believe you can still make buy/sell limit orders with the price you want and it will trigger (if the share price hits your target) once the US market opens. Otherwise, you will need to be awake during US trading hours.
Love your content and speed! A quick question on gov. Bonds, if by the expiry time the specified price doesn’t attract any sellers, does that bond bid goes in vain? 😂
Thank you! Do you mean buying bonds on the asx? If so, it works like a normal stock. If no one is willing to sell at your bid price then yes the bid will be canceled. But you can always try again.
Why the bid/buyers price is higher than offer/ ask price? Normally people look to bid lower and sell higher. Yeah? Can you please tell Why they are like that? I'm talking about the market depth in ask
The bid price is usually always lower than the offer price. When it’s the other way around, it means there is a lot of selling pressure the stock price is likely to go down.
Thank you for the great video! I came to Australia couple months ago and will leave in a year. But I really want to start investing. Is it better to start it here on Commsec or should I try other companies that trade internationally?
Hi. Super new about investing here. Started in Comsec. Would like to know, incase I sell them. Do I need to declare my gain during end of the financial year Tax? Thanks
Hi, Bryan. I am a beginner in investing and your videos have been really helping me to start my investment. I'm just wondering if you will make a video explaining about commbank super and the other super funds. Thanks for your help!
Thanks mate for u re support..i coudnot find befor the buy shares how to deposit money in my account..and how to withdraw momey..plz let me know ❤.thanks again
Heya ... Do you day trade stocks at all? And If so what you think top brokers/platforms for day trading OR forex? :) sorry new, just learning as much as possible, Aussies still behind
8:02 It says that you would not of been able to cancel your order if all OR PART of it had went through. I thought it was an all or nothing game. When would “part trades” be applicable??
Yes it is possible for an order to partly go through. For example, say you ordered 100 units of a stock at a fixed price of $50 each. If there are only 50 units available (sellers willing to sell) at $50, it will partly buy 50 units for you first then wait for the remaining 50 units to be available at $50 to complete the entire order. However, if you cancel the order after market hours, this shouldn't be a problem at all.
Bryan Great video just a little bit fast for older investors. So as a newby to commsec do I need to have money in my cdia account to sell a share to cover brokerage ?
Hey Doug, haha sorry mate I do tend to speak fast. No, the brokerage fees will be deducted from your profits or whatever you sell the shares for. So need to transfer to CDIA.
Cheers Dawei. I believe you can get a margin loan. Although I don’t recommend doing this unless you’re an advanced trader. Please see below article: www.commsec.com.au/products/margin-loan.html
Hello my Friend, first time seller here - do you somehow have to bring your shares over to commsec before you can sell. Im trying to work out where you knew how many shares you have. Is it when you type in your srn number or chess number? totally confused :-(
When you buy shares from Commsec, it will automatically create a portfolio for you that displays all your shares and how many you have of each. So buying and selling is quite simple.
Hey Bryan I tried buying a share and I got a message saying that my initial purchase has to be $500 only for a particular Company. Is that going to be the minimum amount for all companies. Because I do want to purchase multiple?
Hey Nashan, yes there is rule for all chess sponsored brokers that you need to buy a minimum of $500 for your first purchase of any stock. The minimum purchase for the same stock becomes lower after the first purchase. It will apply for every company/stock you buy for the first time. This article explains it more: www.commsec.com.au/support/help-centre/managing-your-payments/minimum-shares-i-can-purchase.html
Hi Bryan. It says my first initial purchase of a security must be minimum $500. I didn’t know that but I tried just buying $50 worth and turns out after you make your first initial payment of $500 it’ll then be a minimum of $100 each time lol
Yeah, that’s correct. There’s an ASX rule called the minimum marketable parcel where you have to buy a minimum of $500 if you’re buying the stock for the first time through a chess sponsored broker. Then there is no limit after that. However, Commsec probably implements an in house $100 minimum rule. You probably don’t want to be paying brokerage for trades less than $100 anyway because it will eat too much into your return. Perhaps you can save up a bit more and invest in larger parcels.
Love the video. Bryan I have been averaging in on a certain stock for the past 4 months with varied prices. (20 different buy trades). Is there a way to sell a certain order, I am wanting to sell the ones i bought high and keep the ones that were bought low, In a way bringing down my average price. Its only giving me my lump sum of 2000 shares acquired. I hope that makes sense.. Thanks bryan
Hey Robert, great question. Unfortunately, there is no way for you sell the ‘cheaper’ quantity on Commsec as it will always sell as the average price. The only thing you can control is how much capital gains you report. Commsec will always show the average price of your stock. You’ll need to manually track this and report your capital gains tax accordingly. You can nominate your ‘cheaper’ shares as the ones you decided to sell using the ‘first in first out’ method. See below article from the ATO that explains it. www.ato.gov.au/Forms/Guide-to-capital-gains-tax-2022/?anchor=Identifyingsharesorunitssold
Hi, i am trying to buy my first share via CommSec. Now ... I get the following error 'order not accepted - deposit required' What do i do ? ... no video or tutorial covers what do be done in the Netbank account side before you start Commsec? I assume you have to transfer money into the CDIA account ... this correct? If so, i have done this and the money shown in the 'balance' but Zero dollars shown in 'available'. What should i do OR what is wrong?
Hmmm… that’s weird because if you have a CDIA, you don’t even need to fund it until you buy. Even then it’s T+2 so you technically have 2 business days to fund your CDIA. Perhaps you need to contact CBA.
Until the order does not go through. Usually you get to set 20 trading days expiry. So if you order does not get filled in 20 days, it expires (cancels).
Hi mate, don’t worry, you can apply for it once your account gets approved. Please see below link which shows you how: www.commsec.com.au/support/help-centre/managing-your-payments/what-is-a-commonwealth-direct-investment-account--cdia-.html#
Yes, unfortunately there is a rule called the 'minimum marketable parcel' where you must buy at least $500 for your first parcel of any stocks if you are using a chess sponsored broker. You can then top up in smaller amounts once you've made the initial purchase. www.commsec.com.au/support/help-centre/placing-a-trade/minimum-shares-i-can-purchase.html
A share is ownership of a specific company. Eg. I have 10 shares in Apple. A stock is ownership of companies in general. Eg. I have many stocks in my portfolio. However, both terms are generally used interchangeably to describe the same thing.
CBA account is a regular bank account just like any other bank account. CDIA is a bank account specifically for your stocks/investments. You use it to fund your trades and it’s used as a settlement account when you sell your shares.
Yes, if you want to buy US stocks, you'll need to apply for an international Commsec account. That's what the 'Apply Now' means. However, Commsec charges very high brokerage fees for US stocks so maybe consider other brokers for Us stocks.
Hey I wanted to ask this, when I’m buying stock/shares it’s showing zero brokerage free why is that? Have I done something wrong? Can you please reply?
Hey David, did you recently sign up? Commsec currently has a promotion where your first 10 trades are free. Don’t worry, you won’t have issues with tax later.
Hi Bryan, while the settlement takes 3 days, will my share start flutuating with the market within those days or is the order just pending and the price I saw will be gone?
Your shares will be exactly the same price as when you bought them (the price on your buy confirmation form which they will email you instantly after you buy). So whatever is on that buy confirmation form is what will be settled.
I can't give you direct financial advice but beginners normally begin with index funds/ETFs since they are historically 'safer' but please do your own research before investing. I talked about 10 Aussie ETFs in this video here 👇 ua-cam.com/video/LYhZQk1ZdgM/v-deo.html
Hey Brian, I just tried doing the above after finding a few companies with some up coming announcements... im not sure if it has just changed but I couldnt invest in a company that is based overseas and had to open up an international account as well to accompany my CDIA . 2 . Upon another share I was going to purchase, Commsec has explained that my first purchase myst be of $500 first, then $100 as a minimum for initial investing. So that means I have to invest $500 into 1 share ?
Hey Claire! 1. The info in this video is only applicable for investing into ASX companies so yes you will have to sign up for an international account if you want to invest in international shares. Please note the brokerage will also be more expensive. You should research other Aussie brokers that allow international share purchases if you want to save on brokerage. 2. Yes, that’s right. You will need to purchase at least $500 worth of a particular stock for your first purchase. Then they will allow you to buy in smaller quantities. Please note you’re better off buying in larger parcels anyway to save on brokerage fees. Eg. Buying $100 or $1000 of a stock will cost $10 regardless. So if you keep buying in $100 parcels, the brokerage will start to eat away at your profits. Consider saving more and buying in larger parcels. Btw, well done for opening an account and starting your investing journey. I wish you the best of luck 👍
I have both commsec & pocket. If I wanted to buy NDQ should I just go pocket? I want to also buy IVV which I can only get on sec. So is it wise to use both where possible or just use commsec exclusively? Thanks
Yeah, I would use Pocket to buy it. That’s what I do. Even though they are seperate, you can see both portfolio side by side whenever you go into your Commsec main page. Good luck! 👍
I meant get your application approved. They should approve it no problem if you meet their criteria of being over 18 and an Australian resident for tax purposes.
Hi Catherine, I believe you have to pick Australia if you are studying here for over 6 months. Please refer to this link from the ATO. www.ato.gov.au/Individuals/coming-to-australia-or-going-overseas/Coming-to-Australia/Studying-in-Australia/#:~:text=If%20you%20are%20an%20overseas,same%20rate%20as%20other%20residents.
Hey mate, it's not Commsec or the broker that controls dividends, it's the stock itself. Not all stocks/ETFs offer DRP. In this case, VAS does offer DRP if you sign up to their share registry (Computershare). If you use a chess sponsored broker, including Commsec, you will be able to set up DRP if that stock allows it.
We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@aishatuabdullahmuhd1088 You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 1.3m in net profit across high dividend yield stocks, ETF and bonds during this red season.
@@desmondeddy1750 How can I reach out to this coach? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?
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Hi Bryan, if I cancel the trasncation for buy / sell before it commerce, do I still have to paid the broker fee?
@@nicholaswangsadharma7041 No, you don't :)
Brother how you only have 1.5k subs. Your videos are such high quality keep grinding man.
Thank you for the kind words Patrick! I appreciate you bro 👊
He only popped up in my feeds this week… watch a couple of videos and I agree he’s pure talent he’s got the gift of the gab.. easy to understand subscribe now lol
Great tutorial. Explains everything you should know in a simple and concise manner. Subbed!
Thank you for your support Knight Rider!
Kindly contact Mr. Novogratz.... For trading assistance and information 👆👆
absolutely
subbed
Regardless of my initial losses as a novice, in the long haul, getting into trading is the only venture that makes sense over time since it’s been highly remunerative for me.
Well, I've gotten into a plethora of assets with $30k spread across stocks index funds, and ETFs, for the long term. I've been investing with help from a pro wealth strategist, Herman W Jonas who oversees my investments. Now I sit back and reap my dividends while I just reinvest from time to time.
@@Pambegay Well, that's your view. In my experience, there is no such formula, It is nearly impossible to achieve success with investing. It’s all just gambling.
@Ughatton
I tried getting into stocks myself some time last month and lost a ton of money as I was ill-advised. Can you please direct me to him as I’ll like to hear from an expert?
You’re truly an angel. I sent him a mail and we got talking and found that he’s quite grounded in the market. I got started right away! Thanks again!
I agree with others here 100%
You are really good at this and make everything so clear and easy to understand! keep it up brother and thank you so much for this video😉👊
Thank you so much mate! That really means a lot. Many more future videos to come 👊
Thanks for the video, Ive been putting off getting into Comm sec for a long time but this has boosted my confidence to get into it again. Thank you!
Awesome! All the best mate 👊
How frequently we can sell out our stocks and make money?
Fantastic tutorial for a beginer like me. Thank you
Glad it helped! 👍
HI Bryan! Im new to investing in Australia, just moved here a couple of months ago. Your video has been truly helpful. Keep coming up with great content! cheers
Hey Varman, welcome to Australia! More content coming this year 👍
Thank you for making this video. It really helped :)
Cheers Trent! I appreciate that 👊
Just what I was looking for. Very helpful. Thanks for uploading.
Awesome, Mike. All the best to you 👊
Thanks, I am a new investor and find your clips so easy to understand
Thank you, Rebecca! I appreciate it 😊
Thanks man , really helpful
Cheers Martin 👍
Great video. 👍
Thanks!
thanks mate for sharing the knowledge in the community! I just subscribed to your channel!
Welcome to the community! Hope you enjoy your time here 😎
Very helpful tutorial. Thank you & subbed!
Thanks Sarah! 🙏
Thank you for the tutorial. I am very much new in share trading.
No worries, mate. Take it slow. Keep learning and start when you’re ready. Good luck 👍
thanks for the video, love that you're straight to the point!! amazing stuff
Thank you Jojo. I appreciate it 👊
Awesome video which helped me heaps! Thank you
Thanks for watching 🙌
I'm new to investing and finding your videos helpful. Thank you - from a total noob hahaha
Cheers mate 😃 Don’t worry, Warren Buffet was also a noob once. Keep it up 👍
@@BryanInvest 😆🙏 thank you !
Thank you for this great video. I am new to all this, and you've explained it well. :)
Awesome! Glad you found it helpful. Good luck 👍
Thank you for the info and it really helped me a lot
You’re welcome. Glad it helped you out 👍
Thank you so much for your video. Looking forward for the video on the phone app version 😆😆
Coming soon 😊
Thanks for the video Bryan. I'm still trying to get my head around all these online brokers!! 😆
Haha, yes it can be overwhelming.
Kindly contact Mr. Novogratz.... For trading assistance and information 👆👆
Hi Bryan, thank you for the tutorial. It's super helpful!
Just a question, shouldn't CommSec automatically waive the brokerage fee for new member? Why in the video, you still have to pay for the brokerage?
No worries. I think they currently have a 10 free trades for new members then back to the default brokerage fees after that. Not sure how long this promo will last.
Great stuff, Bryan!
Thanks!
thank you. catching up on some of your videos.
Hi @BryanInvest,
I follow your video quite often and you effort and energy are something to really appreciate. Could you please make videos on Day Trading platforms in Australia? How much are you into Day Trading?
Hey mate, I appreciate that. I’m not really a day trader. My strategy is pick strong companies/ETFs and hold long term.
Amazing help!
Glad it was helpful!
i appreciate these tutorials, thanks heaps.
You’re welcome! 👍
Thanks for the video @brayaninvest. You’ve made it really easy to understand. Thank you 👌
Cheers mate. I’m glad it was easy to understand ☺️
Important question. Which Commsec and Commpocket EFT are double-ups. The same one basically. I.e Aussie top 200 and IOZ? If they are double ups, which platform would you use? Thanks. Love the channel.
What ever 7 ETFs Commsec Pocket has, Commsec also has. Think of Pocket as Commsec on training wheels. IOZ and A200 are very similar so just depends on what you want to use. Commsec pocket brokerage is much cheaper at $2 so if you would be saving a bit there. If you choose IOZ then makes sense to just use Pocket.
Considering the smaller returns on ASX only based EFTs, I think if I had to choose 3 I'd go Zyus/Spy/NDQ over VAZ & IOZ. Just feel the returns will be better. Fishing in a bigger pond with bigger fish. I like the idea of Australian based EFTS but by desire for wealth trumps my sentiment. I feel Commsec better option. Your channel has helped me alot. Thanks.
Thanks for the support Greg! Good luck with your investing journey 👊
If I'm buying shares under 1k for my kid (whom I've signed up, for example), will it still cost $10 per trade (with CDIA account), or less? My concern is if I"m wanting to buy shares fortnightly or monthly at say $50 each time, minus $10 is a lot each time. Any suggestions?
Hello, yes I understand your concern and I agree $10 is too much for smaller increments. However, I think Commsec have now reduced their fees to $5 for up to 1k which is more reasonable. You could also consider other Brokers that charge less fees than this.
www.commsec.com.au/support/rates-and-fees.html
Hi Brian, I'm new here n found your video very helpful, will no doubt check out what else you may put out regards how to use commsec.
Hey Hera! Glad it helped you and thanks for the continued support 😊
Conqueror Bryan!! Great 2023 plan 👏
Thank you! 🙌
Hello Bryan! I just dont quite understand about the price limit at the selling part. For example, I want to share a stock at a certain price, in your example, it is $90 for VAS, then i choose an expiry date. What is the difference between choosing a specific day and "good for day". Like if the price of VAS goes up to $90 before the expiry date i selected, it will sell automatically, am i understanding it correctly? Then what about "good for day" means? thank you Bryan!
Hey Nelson, yes you’re correct.
Good for the day means if VAS does not hit $90 on the same day, the order will expire on the same day.
Great video, I'm new to this whole investment, so this was very informative on how to use the commsec app.
What money is needed in our account is it the Order $ at the end or the $ Value to invest?
Do you have to buy such large quantities of shares, or can you buy 2 -3 ?
Hey, thanks for watching. I'm glad it helped! The total amount should be shown on the final screen, that's the amount you need in your account. I believe the order value is the value without brokerage fees included. So the total amount = order value + brokerage. You can buy as little as you want as long as the value is above $500 AUD. So quantities of shares doesn't matter, rather the total value of the shares.
I tried to buy $500 worth and this came up any help
Your initial purchase of a security must be a minimum of $500. Subsequent purchases must be a minimum of $100 and ensure a holding balance of $500. The value of your order is $499.80
Hey Ethan, yes the ASX has a rule that for all Chess Sponsored Brokers (including Commsec) you must buy $500 or over if you're buying a stock for the first time. You can then buy in lower parcels after the initial purchase. Just increase your order to be above $500.
www.commsec.com.au/support/help-centre/placing-a-trade/minimum-shares-i-can-purchase.html
Well explained. Excellent
Thank you! ☺️
Great video thanks for the info! Does commsec have a stoploss feature or does the sell have to be issued manually?
Cheers Grant. Yes, you can set up a stop loss by putting in a conditional order.
Please see article below 👇
www.commsec.com.au/support/help-centre/placing-a-trade/how-do-conditional-orders-work-.html
Thank you
Thanks for watching Kimberley 😊
Thank you for the detailed information. I tried to slow it down but it did not work for me. It just halted. Anyway my question is regarding the stock broker fees. I know they are incorporated in the buy and sell process, so does that mean I can’t claim them as a loss.? This will be my first year doing the taxation of my shares. Thank you in advance .
According to the ATO: You can't claim a deduction for some costs related to purchasing your shares, such as brokerage fees and stamp duty. However, you can include them in the cost base (cost of ownership - which you deduct from what you receive when you dispose of the shares) to work out your capital gain or capital loss.
Subscribed.
👊
I love this
Hey Bryan,
After looking into the CommSec I can’t find a way to invest in BTC or cryptos
In addition I just wondering if you know what are the differences between VAS and SPY? Are they the same index?
How can I do to invest in NASDAQ or SP500 from the CommSec?
Please advise
Good videos good explenation
Thank you
How do you buy and sell internationally on commsec when the market is closed eg nasdaq?
I believe you can still make buy/sell limit orders with the price you want and it will trigger (if the share price hits your target) once the US market opens. Otherwise, you will need to be awake during US trading hours.
Love your content and speed! A quick question on gov. Bonds, if by the expiry time the specified price doesn’t attract any sellers, does that bond bid goes in vain? 😂
Thank you! Do you mean buying bonds on the asx? If so, it works like a normal stock. If no one is willing to sell at your bid price then yes the bid will be canceled. But you can always try again.
Why the bid/buyers price is higher than offer/ ask price?
Normally people look to bid lower and sell higher. Yeah? Can you please tell Why they are like that?
I'm talking about the market depth in ask
The bid price is usually always lower than the offer price. When it’s the other way around, it means there is a lot of selling pressure the stock price is likely to go down.
Thank you for the great video! I came to Australia couple months ago and will leave in a year. But I really want to start investing. Is it better to start it here on Commsec or should I try other companies that trade internationally?
Hi. Super new about investing here. Started in Comsec. Would like to know, incase I sell them. Do I need to declare my gain during end of the financial year Tax? Thanks
Yes, you do. If you wait more than 12 months. You will get a 50% capital gains discount.
Hi, Bryan. I am a beginner in investing and your videos have been really helping me to start my investment. I'm just wondering if you will make a video explaining about commbank super and the other super funds. Thanks for your help!
Hi there, thank you for watching and I'm glad my videos are helping you out. I'll release a video about Super soon!
@@BryanInvest Good to hear that, I will be waiting for it!
Hi, may I know how is it going on your investing? I'm a beginner too.
Thanks mate for u re support..i coudnot find befor the buy shares how to deposit money in my account..and how to withdraw momey..plz let me know ❤.thanks again
Thank you mate! 💛
If you keep going on UA-cam and consistently upload u will have 1m+ subs
Thank you mate. I really appreciate that ☺️
Heya ... Do you day trade stocks at all? And If so what you think top brokers/platforms for day trading OR forex? :) sorry new, just learning as much as possible, Aussies still behind
8:02 It says that you would not of been able to cancel your order if all OR PART of it had went through.
I thought it was an all or nothing game. When would “part trades” be applicable??
Yes it is possible for an order to partly go through. For example, say you ordered 100 units of a stock at a fixed price of $50 each. If there are only 50 units available (sellers willing to sell) at $50, it will partly buy 50 units for you first then wait for the remaining 50 units to be available at $50 to complete the entire order. However, if you cancel the order after market hours, this shouldn't be a problem at all.
if you would tell the little slow way it's easier to catch up .
I'll try to speak slower in future videos :)
Bryan Great video just a little bit fast for older investors. So as a newby to commsec do I need to have money in my cdia account to sell a share to cover brokerage ?
Hey Doug, haha sorry mate I do tend to speak fast. No, the brokerage fees will be deducted from your profits or whatever you sell the shares for. So need to transfer to CDIA.
Hi Bryan, thanks for the video, but can I add leverage using commsec? did not find that option here.
Cheers Dawei. I believe you can get a margin loan. Although I don’t recommend doing this unless you’re an advanced trader.
Please see below article:
www.commsec.com.au/products/margin-loan.html
Hello my Friend, first time seller here - do you somehow have to bring your shares over to commsec before you can sell. Im trying to work out where you knew how many shares you have. Is it when you type in your srn number or chess number? totally confused :-(
When you buy shares from Commsec, it will automatically create a portfolio for you that displays all your shares and how many you have of each. So buying and selling is quite simple.
Hey Bryan I tried buying a share and I got a message saying that my initial purchase has to be $500 only for a particular Company. Is that going to be the minimum amount for all companies. Because I do want to purchase multiple?
Hey Nashan, yes there is rule for all chess sponsored brokers that you need to buy a minimum of $500 for your first purchase of any stock. The minimum purchase for the same stock becomes lower after the first purchase. It will apply for every company/stock you buy for the first time.
This article explains it more:
www.commsec.com.au/support/help-centre/managing-your-payments/minimum-shares-i-can-purchase.html
Good.
Cheers!
Hi Bryan. It says my first initial purchase of a security must be minimum $500. I didn’t know that but I tried just buying $50 worth and turns out after you make your first initial payment of $500 it’ll then be a minimum of $100 each time lol
Yeah, that’s correct. There’s an ASX rule called the minimum marketable parcel where you have to buy a minimum of $500 if you’re buying the stock for the first time through a chess sponsored broker. Then there is no limit after that. However, Commsec probably implements an in house $100 minimum rule. You probably don’t want to be paying brokerage for trades less than $100 anyway because it will eat too much into your return. Perhaps you can save up a bit more and invest in larger parcels.
Thanks
👍
Hi Bryan! How do you auto-invest in ETF (VAS) in commsec?
Hey Mahamdul, unfortunately I don’t think Commsec had an auto-invest feature. So you will have to do it manually if you use it.
Hi, my first time don't know anything just open the account what are the best shares to start with..
do you have a video on how to add in shares your already own?
Not currently but I’ll add it to the list! 😄
@@BryanInvest thank you. Greatly appreciated.
Love the video. Bryan I have been averaging in on a certain stock for the past 4 months with varied prices. (20 different buy trades). Is there a way to sell a certain order, I am wanting to sell the ones i bought high and keep the ones that were bought low, In a way bringing down my average price. Its only giving me my lump sum of 2000 shares acquired. I hope that makes sense.. Thanks bryan
Hey Robert, great question. Unfortunately, there is no way for you sell the ‘cheaper’ quantity on Commsec as it will always sell as the average price. The only thing you can control is how much capital gains you report. Commsec will always show the average price of your stock. You’ll need to manually track this and report your capital gains tax accordingly. You can nominate your ‘cheaper’ shares as the ones you decided to sell using the ‘first in first out’ method. See below article from the ATO that explains it.
www.ato.gov.au/Forms/Guide-to-capital-gains-tax-2022/?anchor=Identifyingsharesorunitssold
@@BryanInvest Mate, Thank you
Hi, i am trying to buy my first share via CommSec. Now ... I get the following error 'order not accepted - deposit required' What do i do ? ... no video or tutorial covers what do be done in the Netbank account side before you start Commsec? I assume you have to transfer money into the CDIA account ... this correct? If so, i have done this and the money shown in the 'balance' but Zero dollars shown in 'available'. What should i do OR what is wrong?
Hmmm… that’s weird because if you have a CDIA, you don’t even need to fund it until you buy. Even then it’s T+2 so you technically have 2 business days to fund your CDIA. Perhaps you need to contact CBA.
Can you exlpain how to buy the S&P 500 on this app please?
What's "until expired"?
Until the order does not go through. Usually you get to set 20 trading days expiry. So if you order does not get filled in 20 days, it expires (cancels).
Hi Bryan, I have setup an account but i clicked other instead of CDIA how do i change it?
Hi mate, don’t worry, you can apply for it once your account gets approved.
Please see below link which shows you how:
www.commsec.com.au/support/help-centre/managing-your-payments/what-is-a-commonwealth-direct-investment-account--cdia-.html#
Hey Brian, do we need to place $500 initially? It won’t let me put in 50-90
Yes, unfortunately there is a rule called the 'minimum marketable parcel' where you must buy at least $500 for your first parcel of any stocks if you are using a chess sponsored broker. You can then top up in smaller amounts once you've made the initial purchase.
www.commsec.com.au/support/help-centre/placing-a-trade/minimum-shares-i-can-purchase.html
I have two different etfs in commsec but it puts it all together in one, how do I separate them, so I now which one is making so much?? Thanks
Hmm... that doesn't sound right Andrew. They should be seperate. Which ETFs did you invest in?
how do I "place stop-loss order?" and "Take profits?"
Thanks for your nice videos can you please speak a bit slowly if you don't mind.
No worries, mate. I'll try to speak slower next time. Thank you for watching 😊
How to stop loss?
Hi Bryan. Could you please tell me the difference between share and stock?
A share is ownership of a specific company.
Eg. I have 10 shares in Apple.
A stock is ownership of companies in general. Eg. I have many stocks in my portfolio.
However, both terms are generally used interchangeably to describe the same thing.
hello I just want to ask whats the diffrence of CBA account and CDIA
CBA account is a regular bank account just like any other bank account.
CDIA is a bank account specifically for your stocks/investments. You use it to fund your trades and it’s used as a settlement account when you sell your shares.
A company I am interested in buying says "Apply Now" instead of "Buy". Is this because it is an American company?
Yes, if you want to buy US stocks, you'll need to apply for an international Commsec account. That's what the 'Apply Now' means. However, Commsec charges very high brokerage fees for US stocks so maybe consider other brokers for Us stocks.
Do you have an international CommSec video too?
Hey I wanted to ask this, when I’m buying stock/shares it’s showing zero brokerage free why is that? Have I done something wrong?
Can you please reply?
Does it mean I’ll have some issues later on with the taxation and all?
Please reply.
Thank you
Hey David, did you recently sign up? Commsec currently has a promotion where your first 10 trades are free. Don’t worry, you won’t have issues with tax later.
Hi Bryan, while the settlement takes 3 days, will my share start flutuating with the market within those days or is the order just pending and the price I saw will be gone?
Your shares will be exactly the same price as when you bought them (the price on your buy confirmation form which they will email you instantly after you buy). So whatever is on that buy confirmation form is what will be settled.
wait a question do they automatically pay tax
No. You need to declare any tax on dividends or capital gains in your tax return.
What should I invest in?
I can't give you direct financial advice but beginners normally begin with index funds/ETFs since they are historically 'safer' but please do your own research before investing.
I talked about 10 Aussie ETFs in this video here 👇
ua-cam.com/video/LYhZQk1ZdgM/v-deo.html
How much $$ can we potentially make with only $1000
Hang on - how do i get money onto my Commsec account now ive created it?
Did you create a CDIA? If so, you can transfer money to your CDIA like you're transferring money someone's bank account.
Se puede hacer esto desde otro Pais, específicamente Paraguay, latinoamerica
Hey Brian, I just tried doing the above after finding a few companies with some up coming announcements... im not sure if it has just changed but I couldnt invest in a company that is based overseas and had to open up an international account as well to accompany my CDIA . 2 . Upon another share I was going to purchase, Commsec has explained that my first purchase myst be of $500 first, then $100 as a minimum for initial investing. So that means I have to invest $500 into 1 share ?
Hey Claire!
1. The info in this video is only applicable for investing into ASX companies so yes you will have to sign up for an international account if you want to invest in international shares. Please note the brokerage will also be more expensive. You should research other Aussie brokers that allow international share purchases if you want to save on brokerage.
2. Yes, that’s right. You will need to purchase at least $500 worth of a particular stock for your first purchase. Then they will allow you to buy in smaller quantities. Please note you’re better off buying in larger parcels anyway to save on brokerage fees. Eg. Buying $100 or $1000 of a stock will cost $10 regardless. So if you keep buying in $100 parcels, the brokerage will start to eat away at your profits. Consider saving more and buying in larger parcels.
Btw, well done for opening an account and starting your investing journey. I wish you the best of luck 👍
@@BryanInvest thank you for the clarity. I just purchased my first parcel YAY. Thanks for your help!
Can student use it?
Depends on your visa and where you’re from. You can try to apply or ask Commsec if you’re eligible here:
www.commsec.com.au/support/contact-us.html
How much do you start with?
As much as your comfortable with ✊
@BryanInvest thank you. What stock should I invest in, these are all new to me
Great vid. BIG QUSTION: How is this investment taxed?
Hey mate, I talked about how stocks are taxed in this video 👉 ua-cam.com/video/9t13QmDnbo0/v-deo.html
I have both commsec & pocket. If I wanted to buy NDQ should I just go pocket? I want to also buy IVV which I can only get on sec. So is it wise to use both where possible or just use commsec exclusively? Thanks
Yeah, I would use Pocket to buy it. That’s what I do. Even though they are seperate, you can see both portfolio side by side whenever you go into your Commsec main page. Good luck! 👍
Can you only buy aussie stocks on commsec?
You can buy international (US) stocks too but the fees are quite expensive.
Hoe to use stake?
Hi Bryan,I am new in commsec,I have used my existing bank account with coombank,is that ok?or i need to chnge to CDIA?thansk
Hey Jhon, I would personally open a CDIA account. It provides cheaper brokerage fees.
@@BryanInvest thnamks,how will i do that..?thanks heaps
@@jhondeoro440 www.commbank.com.au/investing/commonwealth-direct-investment.html
You said get your account approved ...do they unapproved you
I meant get your application approved. They should approve it no problem if you meet their criteria of being over 18 and an Australian resident for tax purposes.
2:57, do i choose 'Overseas' if I am an international student currently studying in Australia?
Hi Catherine, I believe you have to pick Australia if you are studying here for over 6 months. Please refer to this link from the ATO.
www.ato.gov.au/Individuals/coming-to-australia-or-going-overseas/Coming-to-Australia/Studying-in-Australia/#:~:text=If%20you%20are%20an%20overseas,same%20rate%20as%20other%20residents.
@@BryanInvest Thanks! Appreciate your videos ^^
@@catherinewai5252 Glad I can help :)
How can I setup recurring orders I want to DCA
You can't with Commsec. You'll need to do it manually unfortunately.
from your accent, lemme guess. are you from bankstown?
Perth, WA 😎
Hi @bryaninvest is dividend automatic in reinvesting when using commsec for vas? Thank you.
Hey mate, it's not Commsec or the broker that controls dividends, it's the stock itself. Not all stocks/ETFs offer DRP. In this case, VAS does offer DRP if you sign up to their share registry (Computershare). If you use a chess sponsored broker, including Commsec, you will be able to set up DRP if that stock allows it.
@@BryanInvestlearning everything from your videos. Thanks mate, I have to watch like 10 times each of your videos.
I love yoy
We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
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