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Anonymous
I'm in my mid 20s, I currently have $600 in Syfe's Equity100 portfolio and $200 in their 100% REITs portfolio, with an eye to DCA $660 and $220 in the respective portfolios each month.
However, I'm using Syfe for equity investment as I couldn't find a cost-effective way to invest in IWDA/VWRD. Not all brokers/robos offer this ETF, and it's either prices, fees, or minimum deposit that turns me away from using online brokers. My capital is limited to the current $800 now, so please advise!
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With time your assets grow, with time and new fintech the fees drop and more markets will be opened by current online brokers. Of course reducing fees counts.
At this point until further changes in Singapore and Your exeIlent choice to invest into passive global stock ETFs I would open up a TD Ameritrade Singapore branch account and invest periodically into ticker VT (U.S. domiciled) even when the 1.99% annual dividends currently are taxed higher than Ireland domiciled UCITS ETFs.
Alternative would be to collect your mentioned sums over 3 months and invest only quarterly. I'm convinced that very soon also the Singapore brokers will have to reduce their fees or new zero fee brokerages will come to Singapore.
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Yes the trading fees will eat into your returns significantly if you pump in a small capital monthly...
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Sorry not sure if this thread is still alive. Syfe now allows IWDA on their new platform Syfe Select. Anyone considered using Syfe? (As compared to Interactive Brokers, SCB, TD Ameritrade)? Asking as I alr hv Syfe account. Thanks!