Moving from Micro

Hi Chanel,

And thanks Dave for sharing some thoughts. This second question is something that is quite personal to your situation Chanel and so not something we can give specific guidance on. So to help you consider what might work for you in the future.

You have three main choices:

1. Keep investing as you are – This may not give you enough choice, but if the ETF options themselves are OK for you, then it can be a fairly cost effective way to invest, even in larger amounts.

2. Leave your existing portfolio where it is but start investing in a direct shares account – You should consider fees here because the may be a mix of subscription and pay-per-trade fees, which could overlapp. We never want to see people paying more fees than they need to.

3. Sell your existing portfolio, invest the proceeds and start investing further in a direct shares account – You should consider any tax implications from selling / interrupting compounding, and whether you might save more in fees by migrating to shares vs potentially avoiding capital gains tax. We are not tax advisers and this isn’t tax advice, but if you need assistance with this the ATO forum is helpful (google ATO forum) or chatting to an adviser at the time may be necessary.

Sometimes we can’t give very specific answers, but hopefully this gives you some food for thought on how to consider what will be best for you.

Thanks for being a Pearler!
Nick