Claim that on tax and I’ll assume you’ll be in the 37% bracket so you’ll get back $42 so you’re only out of pocket $72.If you had $10,000 in the retail fund you’ll pay more in fees. 19 minutes ago. Thank you so much. Sure it costs you $9.5 a month which is $114 a year. With SelfWealth's flat brokerage, one of the biggest benefits of investing in mutual funds (no brokerage) is significantly reduced. Investing. Some other small changes are also being made.If their social comparison ratings on their website is anything to go by this will be terrible. ETFs by definition are traded on an exchange (the 'E'), i.e. I was hoping to see what people thought about buying a single ETF from Vanguard.I wanted to sink $x amount per month and was wondering if there is a difference if I do it through Selfwealth or directly to Vanguard? Everything in the middle is math you’d have to do.but the figures come out well ahead for ETFs rather than the managed index fund if you purchase less often, if you're not investing thousands a month.Isn’t there a buy/sell spread on the managed fund you need to account for?I have done both, started with the Vanguard retail fund ($5000 minimum from memory, but then able to Bpay in smaller amounts regularly) and more recently used ETF.What I would add, though, is that if you're just starting out, the difference between the two paths is just very small compared to the fundamental choice you make about the level of your regular investments, asset allocation, and leaving the investment to compound. Vanguard's retail funds often require a min $5k upfront investment before being accepted. So don't sweat or seek to over optimise this kind of tiny decision, compared to just taking action, or saving $10, $50, $100 more, as that will be far more significant.I might have asked the wrong question (as I'm no expert) but Vanguard told me I couldn't open an account with them directly. If you have $50,000 at 0.6% fees that’ll cost you $300. Learn about personal finance: budgeting, saving, getting out of debt, investing, and saving for retirement. Yesterday they classed me an A+ and in the top 10% and next day I’m an F and in the bottom 5% of all Selfwealth users even though my VAS/VGS ETFs have had a good day.It does that if you only started out.
Far more than self wealth brokerage.Since when can you claim share brokerage fees as a tax deduction?New comments cannot be posted and votes cannot be castAustralian Personal Finance. I often describe it to friends this way: an ETF is a more flexible and often cheaper way to access the same investment strategy of the managed fund. 7 months ago. https://etf.selfwealth.com.au/ 2 comments.
Press question mark to learn the rest of the keyboard shortcutsCookies help us deliver our Services. Finally, mFunds are generally more expensive (sometimes by a little, sometimes by a lot, mFunds sometimes win out with much larger investment amounts).For most normal people putting in 3-6k every 6-8 weeks, an ETF is the more suitable investment. I didn't realise that you couldn't buy ETF from Vanguard directly (although in hindsight, that makes sense cause Exchange Traded Fund...duh). Please read the sidebar and observe sub rules when posting.Looks like you're using new Reddit on an old browser. For wholesale funds, this is a whopping $500k.These answers are all so helpful! I think I would probably just contribute each month to the Trading Account of Selfwealth then buy every 3 months or so.Do you have thoughts with DCA or just go for it to form the habit (like say buying every 3 months)?Also, can you buy a fraction of ETFs or nah? when 0.03% is greater than 12*$9.50 if you contribute monthly; about $12.6m), at very low balances contributing high relative amounts the ETF is better.
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