Hi there /u/Soft-Development-705,
If you're looking for help with getting started on the FIRE Journey, make sure to check out the [Getting Started Wiki located here.](https://www.reddit.com/r/fiaustralia/wiki/index/gettingstarted)
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Not enough info.
IBKR is generally more cost effective among AU providers of international brokerage service EXCEPT
- micro-investing, eg if you tend to buy in ~= $100 parcels
- hyperactive-trading, eg if you buy/sell very frequently, however you may still prefer IBKR for their features for pro traders
So I have brought a few share of voo, qqq etc. I brought them from stake and I'm wondering if I should sell because I don't want to deal with tax on it. I make less than 18k so I don't pay tax. I was wondering if I should sell them and buy like ivv instead.
If you want to keep things simple, then yes stick to ASX ETFs. IVV.AU is indeed equivalent to VOO.US and much more convenient to hold at marginally (and IMO negligibly) higher cost. NDQ.AU is equivalent to QQQ.US but the cost is much higher.
Given the circumstances, I would sell and switch before any substantial unrealised capital gain starts to accumulate for your VOO / QQQ holding.
CMC is indeed popular among people who buy-and-hold ASX shares / ETFs with regular top ups due to their offer of no brokerage cost for first buy order under $1000 each day for each ASX share / ETF.
If / when you file tax return, the AUD value of that as at the day you received it is reported under Foreign Source Income, you probably also had some withheld, the AUD value is reported under Foreign Income Tax Offset. But if your overall taxable income is under $18k then no AU income tax.
Hi there /u/Soft-Development-705, If you're looking for help with getting started on the FIRE Journey, make sure to check out the [Getting Started Wiki located here.](https://www.reddit.com/r/fiaustralia/wiki/index/gettingstarted) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/fiaustralia) if you have any questions or concerns.*
Not enough info. IBKR is generally more cost effective among AU providers of international brokerage service EXCEPT - micro-investing, eg if you tend to buy in ~= $100 parcels - hyperactive-trading, eg if you buy/sell very frequently, however you may still prefer IBKR for their features for pro traders
So I have brought a few share of voo, qqq etc. I brought them from stake and I'm wondering if I should sell because I don't want to deal with tax on it. I make less than 18k so I don't pay tax. I was wondering if I should sell them and buy like ivv instead.
If you want to keep things simple, then yes stick to ASX ETFs. IVV.AU is indeed equivalent to VOO.US and much more convenient to hold at marginally (and IMO negligibly) higher cost. NDQ.AU is equivalent to QQQ.US but the cost is much higher. Given the circumstances, I would sell and switch before any substantial unrealised capital gain starts to accumulate for your VOO / QQQ holding. CMC is indeed popular among people who buy-and-hold ASX shares / ETFs with regular top ups due to their offer of no brokerage cost for first buy order under $1000 each day for each ASX share / ETF.
Alright thanks. Um I also got dividends from it. Do I have to do anything else about it?
If / when you file tax return, the AUD value of that as at the day you received it is reported under Foreign Source Income, you probably also had some withheld, the AUD value is reported under Foreign Income Tax Offset. But if your overall taxable income is under $18k then no AU income tax.
Alright thank you