SPP Harvester by OnMarket, page-3

Hi, I had a look at this and built a spreadsheet to understand what potential profit may be available after all the fees. The potential looks compelling (using historical data), however there are a few stings in the tail;
- There's effectively a $4500 exit fee when you read the fine print about the brokerage incurred for closing down the account and selling down the shares
- The terms and conditions allow the product to be stopped at anytime if the strategy is no longer is viable (forcing you to incur the above brokerage)
- If you invest $15k, only $8k is exposed to the strategy (the difference pays for the application fee and for the actual shares.)
- You can't take ownership of the shares, i.e to retain the one shareholding in every company you have to keep their platform running at a cost of ~$560 pa.
- From a practical perspective, you would only ever get to recycle capital 12 - 14 times a year max given there will be overlap in SPPs.

It's a really creative concept...