Originally posted by ant94
Hello all, I'm new to investing and haven't put a single dollar into the market yet but I have saved some cash and I'm looking to invest soon. I've read a few books and learnt heaps but just need a question answered.
so the question is - can I use the dollar cost averaging system through commsec? Will it charge me a 20$ fee everytime I invest?
im looking to start with asx:VAS and want to start with $1000-3000 initially and then every month after that add in $100-200 but unsure if I'll get charged $20 fee everytime?
thankyou for reading!
Yes you will be charged $20 for each trade. Suggest buying every 3 months instead of monthly to save on brokerage. Have a look at SelfWealth for cheaper brokerage...about $10 per trade.
You may also think about not spending all of your $3,000 with one trade...say $1,000 for each of the next three months.
Good luck!