Commsec pocket review – It is a micro- investing platform or so called pocket app where people can invest in very small amount and it is very safe and easier investing platform created by Commonwealth bank of Australia in 2017 under the name of commsec pocket app.
Australian investors can start their investing journey through this pocket app by simply investing minimum $50 AUD. Investors can trade ETFs of 7(Seven) different type, we will talk more about this, further in this article. ETFs means one stock of 10-20 or 100 stocks collectively as well as stocks in ETFs are sorted according to one category like tech stocks, mining stocks, healthcare stocks and so on.
Main idea for the development of commsec pocket app is to give chance to those people who don’t have much money to invest in share market or they are totally brand new to investing. In comparison with normal commsec trading app, commsec pocket app is way cheaper to start with investing.
Table of Contents
How does commsec pocket app works?
- Simply, user need to register on commsec pocket app and create their unique username and password then they need to login in the app. Then user will have around 7 options of ETFs to choose from.
- User can choose any type of of ETFs for starting their investing journey according to the price of ETFs which fits in their budget.
- After selecting desired ETFs option user can pay their fees and the amount for ETFs.
- As soon as payment got cleared, number of ETFs will start reflecting in commsec pocket app account.
Finally….woohooo…. User is no more user … He or She is now a Investor.
Features of commsec pocket
- Investment can be done automatically using a direct debit service in app.
- Over 6 ETFs to choose from as a starting investment.
- It is CHESS sponsored app which gives an ultimate level of security to the investments of investors.
- Brokerage is very less if investor invest over $1000 AUD.
- Commsec pocket maintenance fees is very low even in some conditions its totally free.
What is Commsec pocket Fees?
Well commsec pocket fees is very reasonable, lets live more in actually figures. If investment is under $1000, Commsec pocket only charge $2AUD per trade or purchase of selected ETFs. On the other hand, If investing amount is over $1000, Commsec charge 0.2% of investing amount invested by an investor.
If you try to invest in shares or ETFs using main app of commonwealth bank which is commsec only. Investor need to pay $10aud per trade they do and minimum trade on commsec is of $500, which is very expensive and make more harder for new investor to start their investing journey.
Some of other alternatives are available in the market like Riaz , Spaceship or selfweath. fees might be a low in these micro-investing platform but they are not secure like commsec pocket as well as their features are totally different from commsec pocket app. So , we think commsec pocket fees is reasonable.
Is Commsec pocket app safe?
Yes, it is 99% safe 🙂
We said 99% safe because, it is CHESS sponsored app which means investor who invested money using this app and bought any kind of ETFs is a legal share holder of that ETFs or company.
1% Risk is of volatility, means sometimes new investor got panic when they see a fall in share market but ups and downs are common in this game. So, if new investor sells in loss then definitely its a loss to that person due to low knowledge and experience of share market investing.
Well in long run, investing in shares could be a risk but in these type of micro investing app investments are safe almost 100% and they also give nice returns over the period of time.
Suggesting to new investors is that simply keep on investing and don’t get panic while ETFs price go up or down, stay calm and watch. By the passage of time you will see green everywhere and make profits. (Note this is just a suggesting from our experience, not a financial advice. don’t invest if you are totally going to rely on this information).
What are current Commsec pocket ETFs or commsec pocket ETF list?
| ETF | TYPE | YIELD | FEES |
|---|---|---|---|
| Aussie top 200: IOZ | This ETFs is a mixture of top 200 companies listed in ASX- Australian Securities Exchange or ASX200 | 7.50% | 0.09% |
| Global 100: 100 | This ETFs is a mixture of top 100 companies from all over the globe. companies from Australia, United Kingdom, United States holds the most share in this one. | 3.25% | 0.4% |
| Aussie dividends: SYI | This ETFs is mixture of 30 companies from history who paid highest value as a return in form of dividend to their lucky investors. | 6.70% | 0.35% |
| Emerging markets: IEM | This ETFs is a mixture of well setup companies and more than 780 businesses around the globe. Business or companies from developing countries such as India, Taiwan, Korea and few more are part of this ETF. | 9.50% | 0.68% |
| HealthWise: IXJ | 100 Medicines and health focused companies around the world are a main in this ETF. | 5.50% | 0.46% |
| Sustainable leaders: ETHI | Worlds top 200 sustainable companies are the main holders in this ETF. | 22.00% | 0.59% |
| Tech savvy: NDQ | This ETF is a mixture of 100 tech companies from all over the world specially from the countries like America, China and Australia. | 21.00% | 0.48% |
What is the best Commsec Pocket ETF?
Well, it can be clearly seen above by comparing various types of Commsec pocket ETF according their their returns and management fees.
But their is one more factor to find out best ETF is you… Confused?
Well it depends on person to person what are their their goals and reasons for investing. Time period also plays a vital role in calculating best ETF.
For examaple – Someone in ETHI from 5 year will have different returns as compared to someone who just invested same amount of money, Compounding matters.
Do commsec pocket app pay dividend on investment?
Yes, Lucky investor ayeeee.
They pay dividend on the investments made by investors. As ETFs are the main investments in this platform so, as everyone know each company have their own schedule of paying dividends same like that in Commsec pocket app dividend is paid according to the amount of ETFs holdings as well as per the scheduled time of EFTs dividend payout.
Commsec pocket for Kids
Well to be honest their is no dedicated option in commsec pocket app for investment for kids. Simply parents need to set their minds that what they are investing in this micro- investing app is for their kids. otherwise their is no commsec pocket for kids.
For sure, their are couple more micro-investing apps are their in market like Raiz and spaceship. If you really want some dedicated ETF investing account for your kids then go for these apps.
Commsec pocket login
It is very easy to login into commsec pocket app, simply fill in you username and password. if you cant login then reset your password or username, it may ask your linked credit card pin to verify you.
Commsec pocket performance
The interface of the app is very easy to use and its performance is superfast. Newbie can easily operate the pocket app and can make investment in ETFs.
Commsec pocket security
The commsec pocket app is very secure it self and its is password protected. Furthermore, investments in the app are also very safe because they all are CHESS sponsored means investor is a legal holder of that ETF.
Commsec pocket brokerage fees
It is clearly mentioned above about commsec pocket fees that it is $2 aud under trade of $1000 and it is 0.02% if trade is of above $1000aud.
Commsec pocket support
Well their is clear page for FAQ, still if you got any question regarding commsec pocket app, simply email then on pocket@commsec.com.au or contact here.
Commsec pocket returns
In long run commsec pocket returns are very good . they are way more higher than keeping your money in bank as inflanation will eat it every year slowly.
What is the difference between commsec vs commsec pocket ? – Commsec vs commsec pocket.
| Commsec | Commsec pocket |
|---|---|
| Commsec is dedicated app for buying ETFs and shares in large quantities and their is minimum purchase of $500 and fess is $10 per trade upto $500 and $20 upto trade value of $10,000. | Commsec pocket is micro- investing app where investors invest their money to buy ETFs of minimum value of $50. their is only $2 fees per trade upto $1000 and its 0.02% when trade is above $1000AUD. |
What is pocket commsec ?
Pocket commsec is same as commsec pocket. sometimes new investors search for pocket commsec instead of commsec pocket as they listened about this app for very first time.
Commsec pocket vs raiz
Investors with less than $50 to invest in first go can choose Raiz app as their minimum investment value is $5. they also have feature called Raiz rewards where user/ Investor can make free money.
Commsec Pocket VS Spaceship
Spaceship micro-investing app is a product of UK and they mainly focus on tech savvy companies, so their are less options of ETFs investing as compared to commsec pocket but yes for sure their fees is very less as compared to commsec.
Commsec pocket Withdrawal fees
Well their is no withdrawal fees on commsec pocket app, its free of cost and once you put a withdrawal request your funds will be credited in your linked bank account in 2 days.
Commsec Pocket Reddit
Their is a community on reddit who constantly talk about pro and cons of commsec pocket app and well as they discuss about commsec pocket fees.
Moreover, commsec pocket reddit , People tell about their investing journey with pocket commsec. Community over their also discuss about commsec dividends that how much they got on how much value of investment.
Commsec pocket barefoot investor
Barefoot investors has also recommended about this micro trading app. commsec pocket barefoot investor are very happy with its fees and features.
FAQ
How much should I invest in CommSec pockets ?
Minimum investment amount is $50 AUD and $2 AUD fees per trade under $1000 AUD. To answer how much you should invest in commsec pocket, we recommend to go through your investing budget that how much money you can afford for investing.
How does commsec pocket pay dividends ?
When any ETF is due for dividend, the dividend from that ETF got automatically reinvested in your account. Overall, distribution process of dividends on commsec pocket app is totally automatic.
Is commsec pocket good ?
Yes, commsec pocket is good because it gives a chance to new investors to start its investing journey from $50 which is quite less amount to take a risk in stock market.
Is CommSec Pocket good for long term investment?
Yes, commsec pocket app is good for long term investment because some ETF pay over 22% per year as a return where as average fixed bank deposit is way to low as compare to commsec pocket.
Conclusion
Commsec pocket app is an useful micro-investing app with lot of benefits, Investors have various options of choosing various types of ETFs for they investment. Commsec pocket fees is also very genuine that every investor can afford it easily. Commsec pocket ETF are also highly diversified as commsec tried to keep the rick of investors very less. We think this is the commsec pocket app review of 2022.
If you like our commsec pocket app review or detailed explanation of commsec pocket app and its fees, features than share this with your friends so they can start their investing journey through micro-investing apps.
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