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which "broker"

Discussion in 'Managed Funds & Index Funds' started by voigtstr, 25th Jan, 2007.

  1. voigtstr

    voigtstr Well-Known Member

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    I notice on comsec's site that they basically reinvest the entry fee for you.
    Which Broking sites does navrainvest use, and do any of them reinvest the retail fund's entry fee?
     
  2. voigtstr

    voigtstr Well-Known Member

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    nevermind! found it on e-trade.
    when they say "No entry & exit fees – all your money works for you" (https://invest.etrade.com.au/InvestmentProducts/ManagedFunds/Default.aspx) does that mean they reinvest the 4% in the same way that comsec does with funds?
     
  3. Glebe

    Glebe Well-Known Member

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    I recommend you paying off your bad debt before investing in such funds personally. Not that this is financial advice.
     
  4. Nigel Ward

    Nigel Ward Team InvestEd

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    To answer the question in your subject line, I think there's an article in today's Fin Review about choosing a share broker.

    Cheers
    N.
     
  5. hiflo

    hiflo Well-Known Member

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    I agree with Glebe.
     
  6. voigtstr

    voigtstr Well-Known Member

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    Thanks Glebe, I will pay off my consumer debt before before investing in a managed fund. Based only on my base pay it will take me till next February to pay off a $2500 loan and a $10500 loan. Nightshift allowances and overtime will possibly bring that back to October.

    I'll track a few funds in the meantime and attempt to chart their progress.
     
  7. voigtstr

    voigtstr Well-Known Member

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    Can anyone recommend a broker? A friend wants to invest a small amount initially (around 1k). Which brokers allow small investments into the navra blue chip retail. Brokers would reinvest the 4.4 contribution fee wouldnt they, whereas if my friend approached navra directly, would have to pay the full 4.4%?

    Cheers
    Simon
     
  8. hiflo

    hiflo Well-Known Member

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    I asked for PDS and applied direct to Navra by sending application and cheque for $2000. This saved me contribution fee.

    Cheers

    F
     
  9. bundy1964

    bundy1964 Well-Known Member

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    I think if you direct invest they charge you the full fee.
     
  10. voigtstr

    voigtstr Well-Known Member

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    Thanks, I think she is registering on e*trade.

    Cheers
    Simon