Choosing a Brokerage Account | Where Do I Start?
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What is a brokerage account and why do you need one?
Property investors often talk about using debt to build wealth. In the share market, that's called gearing. With the BetaShares WealthBuilder range, investors can access moderate gearing into shares, and with the newly launched GG-BL, That means exposure to a diversified portfolio of around 1,300 global companies excluding Australia, all with no loan applications, credit checks, or margin calls. Gearing magnifies both gains and losses, so it's only suitable for investors with a very high tolerance for risk. You can learn more about the WealthBuilder range of ETFs at the BetaShares website. And don't forget to read the PDS and TMD to decide if it's right for you. BetaShares Capital Limited is the issuer.
Here's something worth knowing if you've been meaning to make the switch to a better broker. To celebrate their fifth birthday, Perla are offering three free trades a month for five months if you transfer your portfolio across with a minimum of $1,000. For anyone investing regularly, that's meaningful savings on brokerage that can stay invested instead. Perla is chess-sponsored, built specifically for long-term investors, and now has over $3 billion invested on the platform. If you've been with a platform that doesn't quite fit your strategy anymore, it might be time to take a look. You'll find all of the details at perla.com slash LP slash Rask. That's perla.com slash LP slash Rask. Thanks for tuning in to today's podcast.
Please remember that all of the information in this podcast episode is limited to general information only. That means the information is not specific to you, your needs, goals, or objectives. So you should seek the advice of a licensed and trusted financial professional before acting on the information. And before you acquire or apply for a financial product, please read the PDS or product disclosure statement, which should be available on the issuer's website. Lastly, please keep in mind that past performance is not indicative of future performance.
G'day, Kate Campbell.
How are you going? Good, thanks, Owen. Good to be back on a nice sunny Melbourne day in lockdown.
Yes, it is indeed. Actually, it's a beautiful day now that I look out the window. What are we talking about today?
We're talking about a topic that is very popular at the moment in our Facebook community and in various other Facebook communities that I have a bit of a lurk in, which is brokerage accounts. And I think that people are more interested now in what brokerage account to choose almost than what ETF to buy, which is quite fascinating. There seems to be a shift in the questions because there's so many different options now and people are just sort of really wanting to explore and do their research, which is fantastic. But I thought it would be really good today to talk about all the things that we would think about when picking a brokerage account. What matters to us? What matters to other people? What are some of the comparison points?
And then we're going to do a second part episode where we're going to overview some of those key platforms that everyone's tossing up between at the moment, like Stake and Superhero, Perla, SelfWealth, ComSec, Vanguard, Personal Investor, and give an overview of each of those platforms, maybe some of the key differences that you might be looking out for.
So two parts. First part is we're going to answer some questions like which brokerage account might I consider if I don't want to trade that often? And just a comparison between platforms like Raise and brokerage accounts. And we're just going to, in this episode, go through the kind of what are brokerage accounts? And what are the risks and some of the benefits of using a brokerage account? So this one's a primer and this one is essential before you get onto the next one, because this one's going to tell you how you can analyze the next, the list of things that we cover and brokers that we cover in the next episode. So this is going to be pretty rapid fire. We're going to be pretty concise.
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