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I'm with an industry fund and get the franking credits on the...

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Hittman

2,803 Posts.

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19/03/22

13:28

Post #: 60292496
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Originally posted by kacy ↑

"An industry fund that limits you to asx300 shares and a few ETF's and with a limited % in any one investment is certainly a safer bet."

Yes, I would agree with that. To me it just seems a bit of a ripoff if they charge you $18 to buy/sell shares and then charge you another 0.5% to manage the fund. On top of that, any ETFs you hold will charge you typically 0.5-1% to manage the ETF. So, if I did it that way with my portfolio it would cost me around $20,000 extra per year. (10k in brokerage and 10k in fees and costs)

What about the fully franked dividends. Do you get the franking credits? NO. So more ripoff.

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I'm with an industry fund and get the franking credits on the shares I hold that have them.
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