Sorry if this is shitposting, /biz/, I've never been here before.
>live in Australia
>23yo
>saved up 10k
>aged pension withdrawal limit is being upped to 70yo, want to retire long before then so super's out
>looking to buy some shares
>pretty risk-averse
>currently looking at just buying high dividend shares of companies in the DJI
>planning on investing in 5-10 companies
My bank offers a brokering service with no fees, but it's $20 per trade, meaning if I invested in 10 companies with 5% yearly return, I'd have spent almost my whole first year's return on just the trading fees...
Questions:
Is this a terrible idea?
What should I be looking for in a broker (any suggestions?)
Does my bank sound good, or should I be looking elsewhere?