Stock trading for international shares is now as simple as online shopping with Stake trading platform. SMSF portfolios can soon diversify with Stake that is linked to Sharesight, a web based software record keeping system to keep track of your stock trading.
Have you been frustrated in your efforts to buy overseas shares? Matthew Leibowitz used his experience running a Trading Team in Chicago to set up a simple way to buy overseas shares with his new online shop called Stake. Buying overseas has never been easier or cheaper.
If you are a self-directed investor, like me, then growing your portfolio balance is important. Diversification has been talked about a lot lately. The saying ‘Don’t have all your eggs in the one basket‘ rings true today as it always has. But what is diversification and how easy is it to achieve?
Some say that owning a mix of Australian shares in different sectors is diversified. Others say that does not go far enough and we should be investing in un-correlated assets, like bullion and cryptocurrencies. Then some are also saying we should be investing in overseas companies.
“After a long period of allocating large amounts of their investment portfolios to cash, SMSF members are now rediscovering their appetite for growth assets. However, the current state of the Australian equities market means SMSF investors are now having to consider less traditional means to uncover viable growth assets”, reports Elizabeth Somerville from SMSMagazine.
Investing in overseas shares has come with its challenges. Currency conversion fees, trading fees and setting up accounts with platforms to trade overseas is not without its challenges. Opening an account with a trading platform can take weeks if not months.
Traditional trading platforms are also complicated to use and easily off-putting for the novice investor. This, however, should not prevent us from opening ourselves up to these opportunities to grow our portfolios.
Investing in overseas shares is now simple and affordable for Australian Investors thanks to a new website STAKE Stake founder and chief executive Matt Leibowitz said he saw the role of Stake as providing all Australian investors and Self Managed Super Funds (SMSF) with access to overseas markets as a big part of that.
“Currently it’s about 1 percent of SMSF assets invested in overseas shares, whereas the Future Fund has 22 percent and industry funds have about 26 percent exposure,” Leibowitz said the process for any Australian investor to access the US market was broken.
“We’re solving an access and execution problem because it’s been too hard – I’ve had to physically drop a form off to apply for an international trading account and wait a month,” he said.
If you want to diversify your portfolio with ease Stake has made it cheaper and more affordable to invest in overseas shares. Additionally, they have set up the platform to make gifting of shares as easy as buying a pair of shoes. The Stake trading platform has revolutionized the art of stock trading with this new platform. Australains shop for international shares as simple as online shopping. Check out Ann’s interview with the founder of Stake, Matthew Leibowitz.
1:30 What is Stake?
2:30 As easy as buying shoes online
5:30 Point of difference
7:10 Execution focused
9:30 Access to more opportunities
11:30 SMSF able to diversify
14:10 Best things are simple
17:00 Top stocks on website
18:00 Capital returns
To connect with Matthew online
Have you listened to the last episode of Retire Well Retire Happy Podcast?