ELI5
About to start on my journey with investing. Have decided to go down the route of pocket to start with.
1 - is it really as simple as just “buying” the one I want. I just looked at the one I wanted said I needed to spend $65 so I could buy 3 shares
2 - what happens at tax time. I get tax on the interest, or only when I sell? I also assume I won’t be making a lot so I’m not too worried, just curious.
3 - If I buy in pocket, can I see it on commbank app?
4 - I also set up Commsec, but no idea how to use it!
5 - I plan on investing $100 a month. Should I keep to the same, or choose 2 or 3?
Any advice would be greatly appreciated 😊