Great to see an Aussie tailored channel. Thanks Sanjee.
@SanjeeSen2 жыл бұрын
Thanks Lucy!
@TrainMePlease2 жыл бұрын
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.
@SanjeeSen2 жыл бұрын
Yep great callout! This is what I've been doing too since I got the account setup.
@lovishbajaj74602 жыл бұрын
What you think about etoro mate? Is it safe?
@lovishbajaj74602 жыл бұрын
@@SanjeeSen what are your opinion about “etoro” mate? Is that safe?
@swankykoala48362 жыл бұрын
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.
@SanjeeSen2 жыл бұрын
Great notes SwankyKoala. Especially on the autoinvest feature. Might need to speak more into that in future videos.
@shashikaru2 жыл бұрын
Brilliant. So clear and concise. Thanks Sanjee!
@_Murky_2 жыл бұрын
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.
@lawrenceokwara19992 жыл бұрын
I agree with you
@Thrillhouse9112 жыл бұрын
Jumped from CommSec to Stake. I buy $600-$1200 parcels don’t wanna get smashed. Free brokerage for a year is nice
@Djvili10 ай бұрын
Are you still with stake ?
@Thrillhouse91110 ай бұрын
@@Djvili yeah bloke
@mrlijine2 жыл бұрын
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.
@THICCTHICCTHICC Жыл бұрын
Commsec Pocket bro. $2 fees. Downside is they only have 7 ETFs which sucks. Bonus though is everything is still all in my Commbank account.
@12345xfire2 жыл бұрын
Surprised you didn't mention the biggest pro of Commsec which is T+2 settlement. CMC is great though, the 0$ 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.
@AnonymousBloke Жыл бұрын
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.
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.
@emmat82772 жыл бұрын
Thanks Sanjee :)
@lengerer2 жыл бұрын
Can you look at HVST and YMAX etfs? Maybe compare to VHY Also, little mention of SYI
@janespindy Жыл бұрын
Great idea, well explained vdo
@keithmilliken64482 жыл бұрын
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
@30woodsman30 Жыл бұрын
How do you actually move your portfolio from CommSec to CMC?
@AngelicaKB2 ай бұрын
Thank you!
@ch3ngg2 жыл бұрын
has anyone switched from Vanguard personal investor to cmc? did you have to pay to have your shares transferred and any CGT?
@chiropracticstudent95462 жыл бұрын
how come you don't use stake. Or did you explain that it another video that I didn't watch
@VV-lr7xe2 жыл бұрын
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
@alexantoney1513 Жыл бұрын
Hi sanjee, what’s your thoughts on superhero? Can you do a video on that ?
@jb92827 ай бұрын
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
@calmingrelaxation91072 жыл бұрын
How about stake invest
@nirmaal22552 жыл бұрын
Can you make video on how to open broker account in CMC.. And how to use it ?
@SanjeeSen2 жыл бұрын
Hi Nirmaal, yep coming soon! I’m just finishing off a video on how to do the CHESS transfer now.
@nirmaal22552 жыл бұрын
@@SanjeeSen waiting 😍
@VV-lr7xe2 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 )
@Tevi-dq8tg2 жыл бұрын
Can you do a video comparing stake and pearler
@SanjeeSen2 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.
@hayden3678 Жыл бұрын
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.
@amritkurup Жыл бұрын
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?
@jiti50343 ай бұрын
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
@OffGridInvestor2 ай бұрын
CMC is normal share buying, you get dividends paid and all. Not the CFD hot potatoes that are continually advertised on KZbin. 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.
@milindbhonsle58362 жыл бұрын
Hi Sanjee, I am a first-time investor and need some advice on buying ETFs how much should in general invest?
@McIntyresMalts Жыл бұрын
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
@xHyzer2 жыл бұрын
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.
@swankykoala48362 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.
@xHyzer2 жыл бұрын
@@swankykoala4836 Hey thanks! Il def look into this. 👍
@PrasadPereraSydney Жыл бұрын
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.👍
@electrichorror66422 жыл бұрын
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.
@xbren86992 жыл бұрын
CMC use ANZ investment cash investment account which has a monthly fee of $19.95 where as the commsec CDIA account has no fees
@sumeriansumer16222 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.
@bikepacker9850 Жыл бұрын
Holy velvet voice
@kamalsubramanian83882 жыл бұрын
Is there any way to transfer money to CMC cash account quicker ?
@mrlijine2 жыл бұрын
I don't think so, I had the same issue, that money takes minimum 1 day to arrive...
@SanjeeSen2 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
@shreder279 Жыл бұрын
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.
@braddeicide Жыл бұрын
I only found Stake through CMC's comparison table where Stake looked better :)
@SanjeeSen Жыл бұрын
Comparison tables can go either way I guess haha! Thanks for watching and commenting!