facebookAssuming I would like to tap into the US Market to gain exposure to stocks like Apple, Amazon, Google etc, how much would be the minimum sum for me to have on hand? - Seedly

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Anonymous

17 Jul 2020

General Investing

Assuming I would like to tap into the US Market to gain exposure to stocks like Apple, Amazon, Google etc, how much would be the minimum sum for me to have on hand?

Taking into account the 30% withholding tax as well as brokerage fees. What would be the least amount (in SGD) I should have in order to even start investing? I’m having some difficulty doing the calculations.

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What are your thoughts?

Tan Wei Ming

Tan Wei Ming

05 Jul 2020

Level 10·Founder and Writer at Frugal Youth Invests

The rule of thumb is to ensure that you have at least 6 months of expenses as your emergency fund. Personally, I will set for myself a higher target such as at least 12 months of expenses. You also need to take into consideration whether you have regular and consistent inflow of cash each month so that the investments will not affect your personal life. Lastly, you have to ask yourself whether do you have a sufficient insurance coverage. This is more important than starting investing.

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Chris Susanto

Chris Susanto

17 Jul 2020

Level 5·Founder at Re-ThinkWealth.com

As a general thumb, USD 5,000 is a good start to be honest.

Do note that in US, you can buy as little as 1 stock and using brokerages like IB, the commision is pretty low.

Especially if you buy and hold like me.

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Hello! You should try out Kristal, as they have no brokerage fees for the first 50k usd. As such, th...

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