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15:14
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Originally posted by vagabond84:
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All this talk about competing brokerage services ignores the fact that there is a base of Selfwealth users who aren't interested in changing their platform and investing habits. They're used to Selfwealth. It's what they know, and if they pay $7 more brokerage to stick to what they're familiar with and know works for them, versus trying something different and unfamiliar to them, they'll pay it. growing - all despite not being cost competitive in either their savings account products or brokerage services. They do not care because most people don't like changing habits even if it costs them money. Same story with Westpac, NAB, ANZ, etc - all growing deposits despite paying stuff all interest.
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Honestly surprised one of these cashed up Chinese competitors hasn't just come in and made a buyout offer for Selfwealth as an accelerated way to enter the Aussie market they seem so desperate to try and take a slice of.
