facebookHi I'm planning to dca 200/month for 10 years for part of my mother retirement fund. But I don't know where to start or Platform to use - Seedly

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Anonymous

14 Nov 2021

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General Investing

Hi I'm planning to dca 200/month for 10 years for part of my mother retirement fund. But I don't know where to start or Platform to use

How to dca 200/month for 10 years for part of my mother retirement fund?

Discussion (14)

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Since your dca amount is small, I would suggest that you look for a robo advisor to help you manage your portfolio. If you want to keep your cost and customise them, Syfe and Endowus are some options which you can consider. If you prefer to go the diy route, you can accumulate till you have more funds before investing (e.g. half yearly or yearly) so that you can save on the transaction fees. Like what others have mentioned, you can consider IBKR to invest into LSE funds such as CSPX due to the lower withholding tax or if you prefer a monthly approach, FSMone's RSP is not bad either (Just set it up, automate monthly transfer of funds to your portfolio and sit back and relax).

Tiger Brokers, Interactive Brokers, FSMone.

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Depending on your Risk profile, if you can handle higher risk i believe next 10 years China market will do better than US since US has rally so much in the recent years.

Of course i may be wrong, but in my opinion China market has more upside than downside.

If you don't mind, can look into China Tech ETF.

Ticker: 3067 for HKEX

https://www.blackrock.com/hk/en/products/315923...

Hi anon, I'd definitely recommend using IBKR to DCA into an ETF tracking the S&P500 such as CSPX. CSPX is an accumulating irish domiciled ETF. Essentially, they are charged lower withholding taxes (15% instead of 30%) and automatically reinvest the dividends.

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If you'd like to read up more about irish domiciled ETFs, check out my article where I explain everything investors need to know about irish domiciled ETFs and how to go about choosing one!

http://thedollarsapling.com/2021/09/17/irish-do...

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What are you looking to invest in? Also are you looking to use cash or your mum's SRS/CPF to invest?

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RSP from FSMOne is also a good option. Just make sure you have set a standing instruction of your ba...

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