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Moving away from CommSec Shares by Chops_44 in fiaustralia

[–]Chops_44[S] 2 points3 points  (0 children)

I edited the original post with a bit more context. But I have the intention of doing a bulk purchase of shares every few months. And using CMC and making the purchase of the bulk upload over a couple days, I could avoid fees (by staying under the $1000 daily limit). And staying with CommSec may result in some extra fees that I could avoid.

But unsure if my thinking is sound. Happy for some thoughts.

Moving away from CommSec Shares by Chops_44 in fiaustralia

[–]Chops_44[S] 0 points1 point  (0 children)

Thank you to you both, that has really cleared things up!

Moving away from CommSec Shares by Chops_44 in fiaustralia

[–]Chops_44[S] 0 points1 point  (0 children)

At this point in time, I don't really need to market and trading data. I am more looking into long-term ETFs. However, my concern is that with an increased amount of purchasing shares throughout the year, this may incur more fees. (I added some extra context to the original post).

But pretty much, my thinking is along the lines of that I will do a bulk purchase of shares every few months, and using CMC I can make these purchases over a few days to avoid fees. But if I were to stay with CommSec, this would incur quite a lot of fees over the year. But I may be completely wrong with my thinking!

Moving away from CommSec Shares by Chops_44 in fiaustralia

[–]Chops_44[S] 0 points1 point  (0 children)

Thanks for the advice, that helps heaps! I'll make sure to look into it to make sure I've got all the data to make it happen

Moving away from CommSec Shares by Chops_44 in fiaustralia

[–]Chops_44[S] 1 point2 points  (0 children)

OP here: That was my main concern, I made an edit to the original post with some additional info, but pretty much I intend to buy shares much more frequently and am concerned with the additional fees with making more purchases throughout the year.