SHARES

Ask Paul: Which platform should I use to buy shares?

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Dear Paul,

We wish to purchase the Vanguard Australian Shares Index ETF (ASX: VAS).

What would be the advantages and disadvantages of purchasing either through CommSec or directly with Vanguard's own trading platform? - Heather

ask paul clitheroe vanguard shares commsec

Not a lot, Heather. Obviously, take a look at the buy costs, but either way these will be modest. I think the question is more likely to be what platform to hold other investments on. It makes a lot of sense to me to keep your investments on one platform as much as possible.

It never ceases to amaze me how many of us "lose" our investments, in particular as we get older.

Regardless of which way you go, this is a very convenient and low-cost way to give you access to a diversified portfolio of Australian shares.

Both the Vanguard and CommSec customer teams are knowledgeable and friendly, I think it would be worth your time to give them both a call and listen to their opinions in regard to the benefits of their platforms.

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Paul Clitheroe AM is the founder of Money and serves as the publication's editorial adviser. One of Australia's most trusted personal finance experts, Paul has spent decades helping Australians build wealth, manage debt and make smarter money decisions. He is widely known for host­ing the Money TV program and authoring best-selling personal finance books. Since launching Money in 1999, he has played a leading role in delivering practical, independent financial guidance to Australians. Paul is chair of InvestSMART Financial Services. He was the founding chair of Ecstra Foundation, a national not-for-profit focused on improving financial wellbeing, from 2018 to 2026, and led the Australian Government's Financial Literacy Board and Financial Literacy Australia from 2004 to 2019. In academia, Paul is chair in financial literacy at Macquarie University, where he is also a Professor in the School of Business and Economics. Ask Paul your money question. Due to volume, Paul cannot respond to questions posted in the comments section.
Comments
Annette Burns
December 30, 2020 11.16pm

As a novice investor with only super to date. How do I go from this experience. I want to invest for my grandchildren. I've no idea but would like to invest around 2000 each. It's a small amount but I'm hoping over time it will appreciate enough to be a help to them.

useless article
March 5, 2021 4.31pm

Useless ... basically telling you to go ask commsec and vanguard and compare yourself.

[Edited for profanity.]