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On the minimum investment fees are more than 10%, before...

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webbj

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12/06/21

13:01

Post #: 53811050
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Originally posted by LFM ↑

Received an email about SPP Harvester this morning. If you apply by 30th June the $3300 brokerage/establishment fee is waived. Minimum investment is now $8K.

However there is now a monthly fee of $99 exGST. All other details look the same apart from a (reduced?) $5 per share exit fee.

As I am not a participant wonder how compelling this is now given a fair chunk of the ASX300 has already raised capital over the past year and a a half? Also the directors of quality companies may have cottoned onto the thousands of share harvesters and may not “reward” these shareholders with much generousity.

OnMarket obviously know the SPP offers will not be as numerous as the past year they have operated it.

One could also do it personally by buying $100 positions using Superhero for $5 brokerage. The benefit of being able to avoid companies who have already raised or companies you would not want to invest in.

Thoughts from current investors?

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On the minimum investment fees are more than 10%, before brokerage and before the "reduced" $3000+ establishment fee. Still seems more fees than margin for investors.
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