Share Trading Accounts: Stake, CommSec, Pearler & Superhero
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What brokerage accounts are covered in this episode?
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.
Kate, hypothetical question. Who would win in a fight out of a zebra and a unicorn?
Obviously a unicorn. They are far superior, Owen.
Why is that?
The horn.
The horn.
And they're also mythical creatures. So if they did exist, they would be superior.
Right. Okay. Interesting. Interesting. I see how you broke that down. All right, so we're not talking about unicorns and zebras today. We're talking about brokerage accounts and we're talking about the different types of brokerage accounts that are available in Australia. Last week, we did a primer on how to pick and choose a brokerage account. We talked about the chess holdings, the HINs, how to compare brokerages from a security and user experience perspective and the different features and setting them up. This week, we're actually talking about individual brokerage accounts. And I'm also going to do a little thing where I share my screen, just two of the brokers. But we've got about five or six brokers, the most popular brokers as far as we can tell, not necessarily by how many people use them, but what's pretty much been searched most and who's using them in the younger demographic.
And who's talking about them in our Facebook community. There's been a lot of questions recently. So I think I've included most of the names that have been brought up in today's episode.
Yeah. And what we should say just straight from here is we're going to talk about brokerage accounts. We're going to talk about fees. We're going to talk about charges. We're going to talk about all that stuff. But you've got to read the financial services guide, FSG or the PDS, which is probably a disclosure statement. For any of these things, putting your money in a brokerage account is actually, you know, it's pretty serious. We've got really good brokers here in Australia. But as we talked about last week, there are different models in terms of what you own and what you don't own. We've tried to identify some of the big, more important brokerage accounts, particularly for newer investors.
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