CBA and Westpac Ink Online Trading Agreement

November 11, 2008 · Filed Under news, online trading · Comment 

Commonwealth Bank of Australia and Westpac Banking Corp, have both signed a four year agreement with one another to provide online share trading and portfolio administration services.

The agreement is in actual fact between two Westpac Banking Corp subsidiaries, and a CBA unit. Westpac subsidiaries, Westpac Securities Ltd and BT Portfolio Services Ltd, did signed a deal with CBA unit Australia Investment Exchange Ltd, which is part of its brokerage division CommSec.

CommSec managing director Matt Comyn said CBA was committed to becoming the leading provider of wholesale financial services in Australia.

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Need A Good Broker for All The Cheap stocks out There? Try St. George’s Directshares.

November 10, 2008 · Filed Under Featured Articles, investments, news, online trading · Comment 

Warren Buffet thinks that stocks all over the world are attractively priced right now. He seems to have an awful lot of confidence in US equities and is putting his money where his mouth is. In fact I would have to agree with him and my own personal view is they do seem cheap to me. But just after I bought some equities at the beginning of November, world equity markets went into free fall and I found myself having to return time and again to Mr. Buffet’s op-ed piece in the New York Times for comfort, when the pain it seemed, was just too much to bare.

If you can stomach a roller coaster in the short and medium term, then it’s worth thinking about a punt. Perhaps the easiest way I can think of buying Australian stocks is through an online broker like St George’s directshares. They are my broker of choice, just because it was so easy to set up an account with them, If you already have a Power Saver bank account with St George like I did, then setting up a St. George’s directshares trading account is a complete doddle. Here is my logic though, and in large part I have plagiarised from the Sage of Omaha, because he is the world’s greatest investor and I am sure he uses a St. George’s directshares trading account when he buys a few billion dollars of equities!!!

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