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Hi
I’m new to investing and looking for some advice on where I should open an account.
My history
I’ve been in passively managed funds for long time. I’ve sold my house and come into some money that I want to trade using ETF's, I’ll be semi actively trading ETF’s with account balance in the low 6 figures.
My strategy
I’ll be building a portfolio using ETF’s.
My planned investment style will be ETF rotation using dual momentum so I’ll probably only make a few trades per year.
Opening a broker account / Vanguard
I was about to open a vanguard account when I noticed that Australians can’t buy ETF’s for some reason.
I really like vanguard because of what I read about them being client owned. I know that you can buy vanguard ETF’s from other brokers but I feel safer with client owned broker or having assets in my name (so I can sleep better at night)
1.) Vanguard
2.) Broker account
Let me know any thoughts you might have and any recommendations on which broker I should choose
Feel free to ask me any questions
I’m new to investing and looking for some advice on where I should open an account.
My history
I’ve been in passively managed funds for long time. I’ve sold my house and come into some money that I want to trade using ETF's, I’ll be semi actively trading ETF’s with account balance in the low 6 figures.
My strategy
I’ll be building a portfolio using ETF’s.
My planned investment style will be ETF rotation using dual momentum so I’ll probably only make a few trades per year.
Opening a broker account / Vanguard
I was about to open a vanguard account when I noticed that Australians can’t buy ETF’s for some reason.
I really like vanguard because of what I read about them being client owned. I know that you can buy vanguard ETF’s from other brokers but I feel safer with client owned broker or having assets in my name (so I can sleep better at night)
1.) Vanguard
a.) Do you know if Vanguard US accounts can trade ETF’s?
b.) I have a USA bank account but I live here in Australia, do you think I can open US Vanguard account and trade ETF’s?
b.) I have a USA bank account but I live here in Australia, do you think I can open US Vanguard account and trade ETF’s?
2.) Broker account
a.) Can you recommend a broker for me?
b.) Do you know if it’s possible to hold ETF’s in your own name (direct registration)? Is there a such thing as a direct registration broker were all your assets are under your name in direct registration? if so does that mean if your broker goes bankrupt you can easily get your ETF's? (I'm not worried about cash as I'll have most of my assets in ETF's and maybe some individual stocks)
c.) Are ETF traded using USD. If you have a AUD broker, When you buy ETFs is your AUD funds auto converted to USD and then the USD is used to buy ETF’s (and then same in reverse when selling)? if so does that mean I’ll be paying FX's currency conversion every time I buy/sell? If so, is there any way to avoid this, for example open an Australian account in US Dollers OR open a real US broker account etc..?
d.) Should I be using an Aussie broker since I'm Australian?
e.) From some basic googling is looks like some brokers sell order flow "Payment For Order Flow" from what I can gather I think I’d prefer my broker not to do this.
b.) Do you know if it’s possible to hold ETF’s in your own name (direct registration)? Is there a such thing as a direct registration broker were all your assets are under your name in direct registration? if so does that mean if your broker goes bankrupt you can easily get your ETF's? (I'm not worried about cash as I'll have most of my assets in ETF's and maybe some individual stocks)
c.) Are ETF traded using USD. If you have a AUD broker, When you buy ETFs is your AUD funds auto converted to USD and then the USD is used to buy ETF’s (and then same in reverse when selling)? if so does that mean I’ll be paying FX's currency conversion every time I buy/sell? If so, is there any way to avoid this, for example open an Australian account in US Dollers OR open a real US broker account etc..?
d.) Should I be using an Aussie broker since I'm Australian?
e.) From some basic googling is looks like some brokers sell order flow "Payment For Order Flow" from what I can gather I think I’d prefer my broker not to do this.
Let me know any thoughts you might have and any recommendations on which broker I should choose
Feel free to ask me any questions
