I have been inspired to open an international trading account with CommSec recently. While I am excited to be expanding my horizons, I also noticed that the transaction costs of buying $US and purchasing shares will be significantly higher than simply continuing to buy Australian. I was wondering if you had considered posting some information on how to minimise transaction costs and/or sharing your views on the quality/cost of different brokers, particularly when it comes to going international.
Editor’s response: Thanks for your letter. It’s great to hear you’re getting started in international investing. There is some information about the cost of different brokers here: Buying overseas stocks: A Eureka guide, July 28, 2014.
Eureka model portfolios
I have most of my investment in a super fund; however I would like to start a portfolio account with a lazy $10k. I think I am a CommSec member. Is that the process. I buy through CommSec on the basis of your portfolio recommendations? Not sure of the mechanism. Many thanks if you could advise me how to get started.
Editor’s response: Thanks for your letter. Yes, please feel free to purchase the shares listed in Eureka model portfolios using the broker of your choice, such as CommSec, ETrade, Nabtrade, or any other broker.