CommSec Pocket is one of the cheapest ways to invest in the sharemarket. It allows you to buy a basket of shares (Exchange Traded Funds or ETFs) for a $2 fee.
CommSec Pocket has a minimum investment is $50 for $2 fee (4% fee) but can buy up to $1000 of ETFs and is charged a rate of 0.2% beyond $1000 purchases.
You can invest in a range of different types of ETFs that invest in a basket of different types of themes for the share they buy including:
- IOZ – IShares S&P/ASX 200 ETF
Management Costs:0.09%IOO – IShares Global 100 ETF
Management Costs:0.40%IEM – IShares MSCI Emerging Markets ETF
Management Costs:0.68%SYI – SPDR MSCI Australia Select High Dividend Yield Fund
Management Costs:0.35%NDQ – Betashares NASDAQ 100
Management Costs:0.48%ETHI – BetaShares Global Sustainability Leaders ETF
Management Costs:0.59%IXJ – IShares Global Healthcare ETF
Management Costs:0.47%
The name of the ETFs explains what they purchase and shows the management fees for each of them.
On top of the $2 fee to buy the ETFs, you also have annual management fees (shown above) to hold the ETFs which is taken from any profits. They have some of the lowest management fees for these group of ETFs.
Remember when you see you also need to pay CommSec fees to sell these ETFs which could be a minimum of $9.95
There are a range of cheap online share trading sites including Selfwealth with $9.50 per trade vs Opentrader with $5 fee up to $5000 trade or $10 for $5000-$10000, $15 for $10000 – $15000 or 0.1% fee for investments over $15000.