Please help a noob out :) setting up recurring QQQM purchase advice

[Ash77]

Hi, Looking some platform/setup advice for a long term passive plan.
Having only bought bits and pieces in the past, Im now considering a more handsoff long-term plan of sinking about 20k in something like QQQM with about $500p/m recurring auto-investment and DRP activated.
Ideally want to let this run, compounding for 20-30 years.

Being conscious of ongoing fees, im wondering where is best to set things up. I see a lot of recommendations for interactive brokers. I already have an old IG.com account as well as one with Commsec /commsec International.

From memory, Commsec offers DRP through each holding company whereas IG.com does not.
Both offer recurring /auto investing. IG has lower fees.
Commsec offers fractional shares (which 'mght'? be useful if re-investing DRP and recurring monthly with just a fixed dollar amount?)

Was considering NDQ through ASX, but long term QQQ had far lower fees. QQQM seems even lower in fees.
Also tossing up the idea of splitting the investments 70/30 with the smaller portion in something slightly more diversified (EG. IVV). This would mean double the amount of ongoing trading fees each year though...

Appreciate any advice / feedback on the above -
cheerz

 

[farmerge]

Hi, Looking some platform/setup advice for a long term passive plan.
Having only bought bits and pieces in the past, Im now considering a more handsoff long-term plan of sinking about 20k in something like QQQM with about $500p/m recurring auto-investment and DRP activated.
Ideally want to let this run, compounding for 20-30 years.

Being conscious of ongoing fees, im wondering where is best to set things up. I see a lot of recommendations for interactive brokers. I already have an old IG.com account as well as one with Commsec /commsec International.

From memory, Commsec offers DRP through each holding company whereas IG.com does not.
Both offer recurring /auto investing. IG has lower fees.
Commsec offers fractional shares (which 'mght'? be useful if re-investing DRP and recurring monthly with just a fixed dollar amount?)

Was considering NDQ through ASX, but long term QQQ had far lower fees. QQQM seems even lower in fees.
Also tossing up the idea of splitting the investments 70/30 with the smaller portion in something slightly more diversified (EG. IVV). This would mean double the amount of ongoing trading fees each year though...

Appreciate any advice / feedback on the above -
cheerz

Hello Ash and good afternoon and also welcome to ASF.
Asking for advice might/could be fraught with danger.
Perhaps best to refrain from that arena and seek paid advice from a financial adviser.
Travel safely and all the best in your endeavors.

 

[divs4ever]

Hi, Looking some platform/setup advice for a long term passive plan.
Having only bought bits and pieces in the past, Im now considering a more handsoff long-term plan of sinking about 20k in something like QQQM with about $500p/m recurring auto-investment and DRP activated.
Ideally want to let this run, compounding for 20-30 years.

Being conscious of ongoing fees, im wondering where is best to set things up. I see a lot of recommendations for interactive brokers. I already have an old IG.com account as well as one with Commsec /commsec International.

From memory, Commsec offers DRP through each holding company whereas IG.com does not.
Both offer recurring /auto investing. IG has lower fees.
Commsec offers fractional shares (which 'mght'? be useful if re-investing DRP and recurring monthly with just a fixed dollar amount?)

Was considering NDQ through ASX, but long term QQQ had far lower fees. QQQM seems even lower in fees.
Also tossing up the idea of splitting the investments 70/30 with the smaller portion in something slightly more diversified (EG. IVV). This would mean double the amount of ongoing trading fees each year though...

Appreciate any advice / feedback on the above -
cheerz

well outside my skill range , ALSO i would suggest you seek advice in case of extra tax implications

and also ( again) i strongly prefer Asia/India when investing overseas

but good luck some other members get elbow deep in international investing