Minimum purchase price

Hi Stephanie,

Thanks for this great question!

The ASX does tend to have an issue with people holding small parcels of stock (under $500 worth) over a long period of time. This usually isn’t a problem for most of our Shares investors. However, to prevent that from ever becoming an issue, Pearler has a requirement that the first investment into any share/ETF needs to meet the minimum marketable parcel size of $500.

Once this initial requirement is met though, any following investments into the same share/ETF will only have a minimum order size of $100.

The one exception to this rule is when brokerage-free ETFs are involved. Pearler’s free ETFs will always have a minimum buy order size of $500 for every transaction. When selling brokerage-free ETFs, there are no minimum requirements.

The next topic of investing smaller vs larger amounts is quite a personal one. Brokerage fee is obviously a big factor. Another factor you may want to consider is the concept of Dollar Cost Averaging and if you wanted to make that a part of your investing strategy🤑

Hope this helps and happy investing!