Finance & Fury Podcast

Welcome to Finance and Fury’s ‘Say What Wednesday’. Today’s question comes from Braden, “What are the tools for young people to invest in exchange trading funds or the wider share market? Can I only use Commsec or Nabtrade, or are there better options out there?” Let’s start by considering the following features of competing online share brokers; Fees You’re charged brokerage for every buy or sell transaction, with many fees around the $20 mark. Fees may be calculated as a percentage of the transaction amount for larger trades. Also charge an ongoing annual or monthly fee on top of this, especially with the more feature-dense platforms.   What can you trade?  Shares – Australian and International shares (Direct, LICs, ETFs) Others - CFDs, forex, indices, currencies and much more, so look for this functionality if it's important to you. Research & Access to market data Daily market reports, buy and sell recommendations and company financial reports can all provide useful information. Trade options Y