Took the words right out of my mouth. Thank you.

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14/05/24

15:28

Post #: 73818307
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Originally posted by optimistus: ↑

Lol, if you're silly enough to leave an AVERAGE floating balance on platform of $300K that's on you.

You've also neglected to mention that SelfWealth's fee is flat and that the $5 Marketech fee is a MINIMUM and rises as a percentage so your scenario is based on a person with a huge average cash balance doing 100 modest size trades a year.

I've quickly run my own numbers and the cost differential is marginal, mostly because I'm closer to the typical SelfWealth user in having around 4-5% of my platform FUA in cash (on average). In your case that would imply a portfolio size of around $8m (which doesn't accord well with 100 x $5 trades). And is that 4.5% interest you're quoting on daily balance? What's your reference for that?

So basically your whole post boils down to a big complaint about not getting interest on your balance illustrated with a highly selective (I'd suggest implausible but whatever) example.

Personally I do better simply by having a modest amount of discipline around not leaving large sums on platform for long periods and getting better interest off platform. The Osko transfers suit my needs. And I like that SelfWealth's own accounts are transparent. You just seem to be the latest person with an agenda pushing a highly selective example. We can't be having this conversation on a Marketech thread for the simple reason there isn't one.

We all have our platform preferences, congratulations that you've found one that suits your needs. I'm just a little bewildered that someone feels so entitled they need to publicly complain on a company thread because a platform doesn't cater for their idiosyncratic (and somewhat implausible) cash and trading model.

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Took the words right out of my mouth. Thank you.

SWF Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 13.0¢		Change -0.005(3.70%)		Mkt cap ! $30.46M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.0¢	$7.401K	56.62K

Buyers (Bids)

No.	Vol.	Price($)
3	73150	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	90366	6

View Market Depth

No.	Vol.	Price($)
3	73150	0.130
10	196193	0.125
7	578710	0.120
2	152728	0.115
0	0	0.000

Price($)	Vol.	No.
0.135	90366	6
0.140	201874	5
0.145	355676	10
0.150	276569	7
0.155	234807	3

Last trade - 15.15pm 29/05/2024 (20 minute delay)


Last 13.0¢		Change -0.005 ( 3.70 %)
Open	High	Low	Volume
13.0¢	13.0¢	13.0¢	13472
Last updated 13.40pm 29/05/2024 ?

SWF (ASX) Chart

Took the words right out of my mouth. Thank you.

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