facebookCan someone kindly enlighten me! DBS Invest saver charges 0.82% (per transaction) for investment to STI ETF. If I do a monthly DCA, does that mean my charges amount to 9.84% annually? - Seedly
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Anonymous

23 Jan 2020

Can someone kindly enlighten me! DBS Invest saver charges 0.82% (per transaction) for investment to STI ETF. If I do a monthly DCA, does that mean my charges amount to 9.84% annually?

To profit must I get returns of > 9.84% from the ETF? I’m sure I’m missing something here

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    Discussion (1)

    What are your thoughts?

    Its still 0.82%....simple mathematics

    x1 lumpsum transaction of $1200 = $1200*0.82% = $9.84

    x12 monthly transaction of $100 = 12 x ($100 * 0.82%) = $9.84

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