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Discussion in 'Managed Funds & Index Funds' started by mendelevitz, 19th Dec, 2006.

  1. mendelevitz

    mendelevitz New Member

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    Sydney, NSW
    Discount fund brokers - are they any good?
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    If you mean the likes of Commsec's Direct Funds or Fairfax's Direct Access ... they do the job. If you are looking for a mechanism to avoid costly entry fees into retail managed funds, then that is a good way to do it ... and some even rebate part of the ongoing commission too.

    I started off using Neville Ward Direct (recently bought out by Commsec to become Commsec Direct Funds) when I started. I don't use them now because I only invest in wholesale funds (no entry / exit fees and lower management fees).

    If you meant something else by "discount fund brokers", then please give more details.
     
  3. handyandy

    handyandy Well-Known Member

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  4. bundy1964

    bundy1964 Well-Known Member

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    22nd Dec, 2006
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    Location:
    Adelaide, SA
    I did open an account with them but they are not margin loan friendly unless you use their prefered bank. Direct Access has the fund I want and the in house Direct Shares which is *etrade will do for the other.