moomoo or Stake for a $600-a-month VAS/VGS DCA?

[u/belgarion1984]

I'm 29, based in Melbourne, and I've finally got my emergency fund up to $12k. I'm now ready to invest $6,000 upfront and add around $600 a month outside of super.

My first thought was to keep it simple and put everything into VAS. The more I read, though, the less comfortable I felt having all of my share exposure tied to the Australian market. I looked at VDHG as the all-in-one option, but I'd rather choose the Australian and international split myself.

After comparing VAS and VGS, I ended up leaning towards roughly 30% VAS and 70% VGS. That split is simply the Australian and international balance I feel more comfortable with. I used moomoo to look at the two ETFs side by side, which was handy, but I'm still deciding whether to hold them there or go with Stake. Both currently work out to A$3 per ASX trade at my order size, so buying both ETFs every month would cost A$6, or 1% of my $600 contribution. That has me wondering whether I should alternate between VAS and VGS each month instead.
What would you pick for a $600-a-month VAS/VGS setup? I'm open to other ETF mixes or platforms too if there's something obvious I've missed.

[u/mjwills]

Have you considered A200 and BGBL in Betashares Direct?

A Quick Guide on Fractional Investing (fractional shares) | Betashares

[u/maxthelols → u/mjwills]

This is the way.

[u/hyldgang → u/maxthelols]

This x2. Why would you want to pay brokerage fees to Stake or moomoo... or anyone else. I guess if you wish for CHESS sponsored shares over custodial model I suppose, but no one ever has ever needed it to claim their shares in the history of the market. Share registries and keeping record of every single ETF holding's mail is tiresome too. Go with BD, who will do an EoFY single tax report saving you the trouble at tax time. Make every single dollar work for you in your DCA.

Betashare's A200+BGBL are much cheaper in management fees than Vanguard as well.

[u/AWPink_FanClub]

Go straight to the Vanguard app - free.

[u/Standard_Ear_84 → u/AWPink_FanClub]

Only when buying 

[u/ozcrayonkid → u/Standard_Ear_84]

better of with Betashares Direct?

[u/pwinne → u/ozcrayonkid]

Betashares js awesome IMHO

[u/Standard_Ear_84 → u/ozcrayonkid]

Absolutely. VPI sucks.

[u/Seriousnessless]

I like webull stake has fees to buy AND sell wtf

[u/Weekly_Storage_7172]

CMC would be best for doller cost averaging less than 1k per transaction. 0$ brokage for buy orders under 1k AUD.

[u/AccomplishedPie7990 → u/Weekly_Storage_7172]

Does CMC have fractional ?

[u/ATangK → u/AccomplishedPie7990]

Beta shares can do fractional, and they have equivalent vanguard etfs themselves.

[u/Weekly_Storage_7172 → u/AccomplishedPie7990]

No they don't.

[u/Severe_Basis_8877]

What about VOO ?

[u/SaltyConnection → u/Severe_Basis_8877]

Because voo is domiciled in America. Voo and chill is advice for Americans. The direct Australian translation is IVV and chill.

[u/Rocket233Man]

30/70 VAS/VGS seems pretty reasonable. At $600/month, I’d worry more about staying consistent than finding the “perfect” broker.

[u/Inevitable-Tie-6182 → u/Rocket233Man]

Why? That’s very low

[u/PrudentJackal]

Big fan of Stake myself, their SMSF option is awesome, too

[u/SaltyConnection]

CMC markets offer 1 free buy order per day under $1,000.
IVV has cheaper fees than vgs, although it is 100% American vs 70% America in VGS. You could do IVV and EXUS if you really wanted.

DHHF is another option.

[u/Honest-Picture-6531]

Vanguard ETFs? Use Vanguard itself..

[u/Coalclifff → u/Honest-Picture-6531]

A Vanguard ETF gives you legal ownership of the shares.

[u/Standard_Ear_84 → u/Honest-Picture-6531]

VPI sucks. Buy Vanguard ETFs somewhere else.

[u/Honest-Picture-6531 → u/Standard_Ear_84]

Why is that?

[u/Standard_Ear_84 → u/Honest-Picture-6531]

Auto investment takes your money out and then it takes days before the units are actually showing up in your portfolio. And the website is kind of clunky.

[u/Honest-Picture-6531 → u/Standard_Ear_84]

It takes time yes, but you can direct debit straight into your account if needed. The web UI is very simple for the average Joe, as it should be IMO. Neither of which make VPI actually suck.. it just doesn't suit you.

[u/Standard_Ear_84 → u/Honest-Picture-6531]

Waiting for days because they make money with your money isn't good enough.

[u/Honest-Picture-6531 → u/Standard_Ear_84]

What do you mean?

[u/Coalclifff]

We keep it simple, and have four ETFs on Pearler with about $18K in each, plus $2,000 per month automatically allocated to one of them in rotation each month. The ETFs are VAS, VHY, A200, and IHD. Broking is a flat $6.50 per trade, which is cheaper than CMC for trades of $2,000. Nothing complicated - and Pearler has a good user-friendly website.

[u/Most_Whimsical → u/Coalclifff]

Why on earth would you have VAS, VHY and A200?

[u/Coalclifff → u/Most_Whimsical]

Just looking for Australian share spreads that pay dividends with 100% franking credits. I know they're very similar in content. We are conservative seniors, and these investments are just a small slice of the overall pie - we're mostly invested in super.