Commsec vs. Westpac?
- Thread starter squdig
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Bell direct is superior in many ways.
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Never had any problem with them in funds transfer while i was using them. Segregated account from savings acct can be beneficial lol - puts a limit on greed.
The brokerage really adds up if you're a frequent trader; Conditional orders are free too which is a plus.
Having said that if you're an investor it doesnt make much diff commsec/westpac/bell etc
The brokerage really adds up if you're a frequent trader; Conditional orders are free too which is a plus.
Having said that if you're an investor it doesnt make much diff commsec/westpac/bell etc
im not saying theres a problem with fund transfers, it eventually "works"
it just takes like 3 days for it to transfer across from your bank into their account and then back across when you want to withdraw. I have a big account and this is really annoying, they need to do something about it. I have asked them about this and apparently they are "working" on it.
but yeh i agree, cheaper the better
it just takes like 3 days for it to transfer across from your bank into their account and then back across when you want to withdraw. I have a big account and this is really annoying, they need to do something about it. I have asked them about this and apparently they are "working" on it.
but yeh i agree, cheaper the better
lol.
erm, you said ur investing, id say any bank broker is fine, they are all the same really.
but if u are only buying under 15k worth of shares at a time bell would probably save you 15bucks here or there. cant really buy anything decent with 15grand though, unless its an el cheapo stock.
erm, you said ur investing, id say any bank broker is fine, they are all the same really.
but if u are only buying under 15k worth of shares at a time bell would probably save you 15bucks here or there. cant really buy anything decent with 15grand though, unless its an el cheapo stock.
Julia
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What do you mean with "unless it's an el cheapo stock"?
When you buy any shares you are looking for a percentage return on your capital invested. If you are going to invest $15,000, what you want is the best possible % return on that $15,000.
It makes absolutely no difference whether that % return comes from 10 shares of a stock which has a high SP, e.g. RIO, or 1000 shares of a stock which has a low SP, e.g. many of the speccie explorers.
It may well be that buying fewer shares of a more highly priced share is what will offer you the greatest % return on your capital.
(numbers of shares above are for illustrative purposes only and do not relate to actual SP)
So_Cynical
The Contrarian Averager
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Cant buy anything decent with 15 grand
thats a very strange thing to say.---------------
Anyway back on topic...i switched from westpac to commsec in Feb 09 and with my 30 odd trades last financial year, the $5 per trade price difference has put 150 extra in my pocket...and that's better than westpac getting it.
So im guessin Bell direct is the best option?
IMO it is if you want to use conditional orders (which are free with Bell and fairly comprehensive) or are a frequent trader. If not the $$$ difference is not that much. I prefer the Bell platform but others will not.
sorry peeps i should rephrase myself. well of course u can make decent money with 15grand if you dont aim for only small 20 c increments which the extra money would help with on a day trading sense, but yes obviously this topic isnt about day trading so sorry i got stuck in my own bubble.
yes i agree julia but i was just saying in a nutshell without getting technical you can buy more shares in a company whos share price is under $10 vs a $50. (for 15thou)
yes i agree julia but i was just saying in a nutshell without getting technical you can buy more shares in a company whos share price is under $10 vs a $50. (for 15thou)
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Laggards, I believe these Westpac rates will be fairly similar to ComSec now.
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How people are still paying these brokerage rates in Australia blows my mind. All part of the kleptocratic system enshrined in our constitution I guess.
Should be 5 bucks max for anything up to 50k. And ASX and big bank execs should be imprisoned for not adopting electronic chess holding statements yet. I can't have plastic straws because it's bad for the ozone layer or greta or something like that but I can get 200 sheets of paper (probably from old growth Tasmanian trees) sent to my house every month. WTF is wrong with this country.
rant over.
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I was burning some old contract notes the other day, and noticed how thick the paper was just 5 years ago compared to now.
The thickness is to ensure the weight of numbers are supported ... speaking from experience...
ha ha ha ha ha ha ha ha ha ha
Happy Easter
Kind regards
rcw1
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All office paper used in Australia is now imported, domestic manufacturing of it having ceased completely.
There's still a single machine producing newsprint in Australia and there's still some production of magazine and packaging paper but not office paper.
Hence the change you've noticed in the stationery being used.
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