VAS - Vanguard Australian Shares Index ETF

[frugal.rock]

If they did a 1:15 split, it would open the door to many more poor sods to participate in the DRP and buy their product, IMO. 15 times more units, at around $6 each

I'd like to treat it like a bank savings account, put a chunk in every 3 or 6 months and have it all compounding itself. Current price knocks that idea if you dont have a fairly big chunk to start.

 

[sptrawler]

One unit.

However, you will not be allocated any additional units under the DRP until the carry-forward balance is sufficient for that to occur.

That's if you're buying on market. If you're doing it through one of those stake type of brokerages, you appear to be allocated a fraction of a unit but really all you have is "an interest in" a portion of a unit.

Well that's a relief, I thought you might have to buy a 1,000, the way frugal was hyperventilating. ?

 

[So_Cynical]

I'd like to treat it like a bank savings account, put a chunk in every 3 or 6 months and have it all compounding itself. Current price knocks that idea if you dont have a fairly big chunk to start.

They have a non listed equivalent fund that allows smaller cost free cash additions. not sure if that fund has a DRP.

 

[frugal.rock]

Well that's a relief, I thought you might have to buy a 1,000, the way frugal was hyperventilating. ?

What's the ROI PA on one unit?
About a meat pies worth.

Not enough to participate in the DRP.

 

[frugal.rock]

They have a non listed equivalent fund that allows smaller cost free cash additions. not sure if that fund has a DRP.

I'm just having a winge for the little guy.
That sounds interesting as a concept. Might look into that instead. Cheers

 

[Belli]

That sounds interesting as a concept. Might look into that instead.

Does have DRP. MER is 0.16%

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[Belli]

VAS estimated distribution is $0.889041 payable 18 July.

 

[Belli]

Vanguard has announced the estimated September quarterly distribution for VAS as being $1.292455 payable on 17 October. The distribution for the previous corresponding period was $1.450577.

A substantial amount in the five figure range will go into the account as a consequence. The only hard work I had to do on share selection was to buy units in VAS.