I don’t that many Americans are going to be able to relate to this. The competition among discount brokers here is fairly robust, so there are numerous companies that will allow one to transact for little to no cost (often the latter).
As a general rule, time in the market is what you’re looking to maximize. So I invest as soon as funds are available for investment. A non-trivial transaction fee would probably change my approach.
Hmm. Interesting. I can’t find anything free. Link?
However. If I invest directly from Vanguard itself I think it’s just $9 flat fee per trade, which seems a good improvement and could probably mean I could invest at the end of every month.
“Never pay a commission when you buy and sell Vanguard mutual funds and ETFs in your Vanguard account.”
Above is from the US site:
Yeah. That seems different in Australia.
From what I can tell. I could open a different brokerage account and get trades for about $10.
I may stick with the $20. This is through my current bank and is super easy. My biggest barrier to investing regularly historically has been apathy and laziness.
So the easier it is, the more likely I’m likely to stay on top of it.
This would result in buying in every 2 months or so on average I think.
Look at interactive brokers for low cost trading anywhere in the world.
It will let you trade world wide cheaply.
Futures not lookin great
Thought I’d butt in, it’s mainly Australian companies that are our biggest, and those are mainly resource companies as we mine a huge amount of stuff (mainly for China so our government is logically aggressively alienating them).
Of course not. They reached a deal to avert catastrophe, so stonks go down. Catastrophe imminent? Stonks go up.
Usually it would mean Australian companies. Its typical for Canadians to overweight to Canadian stocks too (i.e. shares in Canadian corps). From a theoretical basis this is often called “home country bias” since you’re sacrificing diversification. But there can be reasons for it - for example all of my investments that are not tax sheltered are in Canadian corps because there’s a tax incentive to invest in Canada. Sure, I’d like to spread the money around to get global exposure, but not if the government is going to give me tax relief on my Canadian dividends.
For clarity, I don’t know if Australia subsidizes local investment. I was using my experience in Canada as an analogy.
Merck itself is up about 10% today. Honestly thought it would be even more.
Nope. Stonks still go brrrrrrr.
People that started investing after the GFC are gonna freak when we have an actual bear market. They’ve never seen one!
https://twitter.com/doctorow/status/1445050034370740226
https://twitter.com/doctorow/status/1445050085520203784
https://twitter.com/doctorow/status/1445050466056880130
This is so infuriating
South Dakota is absurd in this area. Their trust laws are wholly indefensible.
Its done. We’ve lost. The only solution is violent revolution and it wont happen until its far too late. No current billionaire will ever pay the price for what theyve done to the world.
The previous paragraph goes against my recent foray into meditation and attempts to be more zen, but this stuff is depressing, and being aware and in the moment doesnt help fix that
Seems like it’s been a month of -2%, +1%, -1%, +0.5%, -1.5%, +0.5%. No carnage, just a slow annoying bleed.
Fine with me, as long as we don’t turn into Japan 2.0 or something like that where it lasts for decades.
Agreed. As fun as it is to see the numbers go up, I don’t much care where the number is until 20+ years from now.
This seems pretty unlikely. The US system is designed to produce boom periods and busts.