Quote Originally Posted by arekaywhy View Post
Guys,

What are your strategies, if any, with regards to reducing the effect of the brokerage fees?

For example, I am using ASB, and the minimum brokerage fee is $30 on trades over $1000, so my strategy thus far has been to make a minimum trade of ~$3000 at a time, thus limiting the brokerage fee to 1% of the trade.

The way I figure is that I accept a 1% loss straight away on the holding. This means that should I wish to sell, I have to make 2% gain just to break even, given the fee on the sell trade.

Anyone got a better idea?
Sharesies, no minimum fee, brokerage of 0.5%. So on a $100 order you pay fees of 50cents. On a $1,000 order you pay fees of $5. On a $3,000 order you pay fees of $15.