First up, I have been reading over the forum and have done a few searches, but decided to create my own thread, for ease of use for myself, and future questions I may have.
I'm currently searching for an online broker, that has low fee's. I was originally going to sign-up with CommSec, but their fees are like a kick in the teeth. I've had a look around at a few other sites, one that really I've been trying to figure out is IB (interactive brokers), and how easy it is to use (and exactly how to use it).
As I'm new to the investing scene, I'm trying to keep things simple and minimize unnecessary spending. This means finding a broker that I'm going to be happy with (and low fee's). CommSec was my original choice, due to already an account with Commonwealth bank, and I work with a few people that have CommSec accounts. I just cannot justify having $30 fees (plus any extras).
To begin with, I'm looking at investing for long-term, and will be purchasing a split between additional long-term shares and short term shares afterwards (at monthly/bi-monthly intervals). I'm hoping to build up a nice portfolio of shares that will hopefully build and grow over the years.
Any opinions from seasoned Veterans out there?
Secondly, I'm trying to work out startup costs. What I'm interested in, is if say I wanted to throw down a measly $1000 to start with, what startup fee's should I expect (yea I realise it will vary from broker to broker)