Anonymous

18 Jul 2020

∙

General Investing

As a rule of thumb, how much should I invest in a single stock to make my money worth via DBS Vickers, noting that there is a min trading fee of SGD$25? How are the calculations done?

DBS Vickers Securities

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Tan Wei Ming

18 Jul 2020

Founder and Writer at Frugal Youth Invests

You should use DBS Vickers Cash Upfront that can be access using IBanking. DBS Vickers Cash Upfront has lower fee of min $10 or 0.12%. Meaning to say to take advantage of the lower cost, it is advised to invest $8.33k in a single transaction.

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How should I invest in LSE listed ETFs via DCA manually on DBS Vickers? Considering to invest 1K monthly or should I accumulate and invest quarterly? Also, would the fees be similar to stocks?

If there is a fee of $10.70 per trade, what should be the minimum sum to DCA invest in US ETF to make the fees worth? Is $500-1000 worth the fees?

Considering Saxo fees (0.12% p.a on monthly for custodian fees for ETF) and Saxo trade comm min per trade of USD4, how much should I invest at a time so that it would be cost efficient?

I have just opened a SRS account with DBS. Please share tips to invest SRS money while avoiding high fees/ expenses via DBS?

I am about to receive 2,000 GBP from UK. What's the best way to minimize the forex/transaction fees? Is it (a) to deposit 2,000 GBP at source currency via DBS's MCA and subsequently convert to SGD or (b) receive the money as SGD?