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Discussion in 'Investor Resources & Tools' started by larrylarry, 4th Jul, 2017.

  1. larrylarry

    larrylarry Member

    Joined:
    15th May, 2017
    Posts:
    6
    Location:
    Sydney
    there are many share trading platforms like CMC, westpac, commsec etc what's the all rounder in terms of fees, interface etc that you like?

    I'm thinking of using either westpac or cmc.
     
  2. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
    1,031
    Location:
    QLD
    i have two trading accounts one with Commsec and one with Bell Direct ( i hold BFG )

    both are the budget options but the combination gives a usable base ( each has their strengths and flaws )
    ..in hindsight ( i never intended to trade and adjust as much as i have ) i might have been better to go for the MQG offering as the trading activity would have offset the extra costs ( i hold over 200 shares , LICs ETFs and REITs )

    ( i also hold MQG ;free-carried ' ).
     
  3. Hosko

    Hosko Well-Known Member

    Joined:
    25th Sep, 2016
    Posts:
    79
    Location:
    Victoria
    Hi TS, With regards to holding over 200 different units is this going to remain the case because you absolutely have faith in all of the businesses you have invested in to continue succeeding or is it historical pick ups and you don't intend to sell?
    I am fascinated that you hold such a number. If there are smaller lots, are you at liberty to divulge why you still hold?
    How long have you been interested and active?
    Sorry for all the nosy questions, please don't feel that you have to answer.
     
    twisted strategies likes this.
  4. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
    1,031
    Location:
    QLD
    on the contrary i expect 10% to fail in a proper crash

    even the big ones can collapse

    i have had fail ( on me ) ARI , DSH . GNS , MBN ( and some smaller caps .. like NWT )

    near misses like AGO , SGH and HIL .and LNC ( in which i made a very nice but absolutely lucky profit ).


    i had faith when i bought in ( to all of them ) profitable exits ( probably forever ) include PPT , SGM , AOG ( another lucky bit of timing ) LEI , VBA , QAN MLB .BSL ,IPL

    unprofitable exits ( mainly due to take-over) include GFF , UGL ,MTS, ( mostly likely SMX ),

    all stocks are bought with the intention to hold ( some ) forever ( when i buy in ) .. however i DO like to rescue my cash if a free-carry opportunity arrives .

    fate ( and company management ) decides whether that will happen

    i started at the very end of 2010 aiming for an retirement income fund to produce a livable income at the beginning 2020 ( and after ) ... however health issues have intervened and am forcibly retired now .

    i took this tactic when i inherited two estates ( i had expected neither ) and realized a full aged pension might be problematic ( watch the government shift the dates again )

    however am currently on a DSP and MAYBE i will recover to be fit enough for an aged pension in 2022 but that is not quite going to plan .

    originally i inherited WOW ( still my largest holding , over 10% ) APE , CSR , and QAN ( QAN since exited )

    to keep inside the DSP guidelines ( my medications at full price are in excess of $800 a month and WILL increase , and several monthly tests and specialist visits which make clinging to a healhcare card compelling . ) currently i can only tweak holdings ( until a crash and M&A activity presents a clearer picture )


    i mostly participate in DRP plans and prefer free-carrying when available ( take that cash risk out of big winners ) the cash goes into another stock i see with potential .

    i also hold a selection of LICs REITs and ETFs ( remember i am chasing cash income over the longer period or whatever my lifespan will be )

    luckily many of my holdings are currently DRPed so some will revert to part shares/part cash divs and i can see need for extra cashflow

    ( i will continue some DRPs as a means to resist inflation )

    i was hoping to exploit a crash ( i thought was likely in 2013 ) and currently have resorted to stock-picking

    top ten holdings ( by $$ value )

    1 . WOW ( at minimal cash risk )

    2. MQG ( free-carried )

    3. BHP ( reduced cash risk )

    4. APE ( free-carried )

    5 WES ( at full cash risk )

    6. CDM ( at full cash risk )

    7. EQT ( at reduced cash risk )

    8. CAM ( courtesy of the CAMPA redemption ) (at full cash risk )

    9. CMW ( at full cash risk )

    10. BOQ ( at reduced cash risk )

    i hold the smaller lots in case they recover ( or grow as hoped )

    the idea is to spread the risk as widely as i can ( and have the potential to generate some income )

    ( DYOR )

    PS SVWPA is my largest interest bearing security currently

    and VAS the largest ETF
     
  5. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
    1,031
    Location:
    QLD
    update ,

    PRG , SWL TTS and RWH are also likely to be taken over ( crystallizing profits )

    it is a tough game predicting who will be in business ( listed on the ASX ) in 2 years time
     
    Hosko likes this.
  6. Hosko

    Hosko Well-Known Member

    Joined:
    25th Sep, 2016
    Posts:
    79
    Location:
    Victoria
    Thanks for the thorough rundown, I appreciate the thought that has gone into replying
     
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  7. twisted strategies

    twisted strategies Well-Known Member

    Joined:
    3rd Nov, 2013
    Posts:
    1,031
    Location:
    QLD
    considering i have missed a real crash ( like the GFC or earlier ones )

    i have tried keeping realistic expectations .

    i have a Poseidon Nickel share certificate laminated ( courtesy of the inherited estate ) and hung it up the remind me of the traps and ways of the share market .

    any novices would do well to read up on that

    Poseidon bubble


    Poseidon bubble - Wikipedia



    obviously some of my thoughts and tactics will not be so useful for the younger ( below 40 ) novices , but maybe something will give them an edge .


    ( PS in 1970 an adult weekly wage was around $25 so $280 was BIG bucks )