No, your SMSF is not obligated to trade shares. Instead, you can invest in other assets, such as property or fixed-interest products. We highly recommend seeking professional advice from a financial advisor when deciding which investments suit your fund.
The brokerage fees for trading through e-broking will vary depending on the type of trade and which platform you choose to trade with. For example, buying or selling shares will incur a brokerage fee, while investing in exchange-traded funds (ETFs) may not have any associated fees. New Venture Wealth wouldn’t be able to provide information on the specific fees associated with your SMSF’s trades. Check with a financial advisor for this.
Yes, you can use a broker to invest in Australian shares. However, you should know that not all brokers or e-brokers allow SMSFs to trade shares. It is essential to check with the chosen broker beforehand whether they accept SMSF clients and will enable the trading of shares with them
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