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Originally Posted by silu
We could call the broker to execute our orders but then who wants to talk to real people anymore right?
I had to call ASB a month ago - my wife and I have a sharetrading account with them under a joint CSN, but I needed to sell some shares that were under a different CSN. Very helpful.
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Originally Posted by oldtech
I had to call ASB a month ago - my wife and I have a sharetrading account with them under a joint CSN, but I needed to sell some shares that were under a different CSN. Very helpful.
If you aren't in a rush you can also do off-market transfers between CSNs -- at no cost. I've used them where I have a trading account but my joint holdings do not.
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Originally Posted by see weed
My brokerage last year was $25,000...about $500/week, but it is all tax deductible.
impressive
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Originally Posted by see weed
My brokerage last year was $25,000...about $500/week, but it is all tax deductible. You would probably get away with $100 to $200 a week or less, just got to ask.
Even .2% is expensive in comparison to Aussie, anyone doing a reasonable volume over there can get .05-.08% plus free trades once you hit so many per month, we need more competition here in the no frills market.
Last edited by couta1; 09-11-2018 at 03:10 PM.
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Originally Posted by Onion
If you aren't in a rush you can also do off-market transfers between CSNs -- at no cost. I've used them where I have a trading account but my joint holdings do not.
Yes, I have done that a few times also.
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Member
Originally Posted by couta1
Even .2% is expensive in comparison to Aussie, anyone doing a reasonable volume over there can get .05-.08% plus free trades once you hit so many per month, we need more competition here in the no frills market.
With the likes of Interactive Brokers for US companies a typical charge is only US$1 per trade.
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Personally I think .2% is fine as I can remember when it was 2.5% reducing to 1.5% at some value.
However it should be capped at some level.
If a CGT appears in the future then I think a lot of us investors would trade a lot more than we do now. That might be the time for brokerage to reduce.
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Originally Posted by kiwico
With the likes of Interactive Brokers for US companies a typical charge is only US$1 per trade.
Yep and more competition would do wonders here also although not $1 per trade level of wonders.
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Originally Posted by 777
Personally I think .2% is fine as I can remember when it was 2.5% reducing to 1.5% at some value.
However it should be capped at some level.
If a CGT appears in the future then I think a lot of us investors would trade a lot more than we do now. That might be the time for brokerage to reduce.
Possibly but if CGT is set at say a sensible 15% level then it's still less than half of what traders pay on the top marginal tax rate.
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