I am a beginner investor and have decided to purchase my first stock - Z74. I am really keen on the idea of DCA but I just do not see how it can work if odd shares are not allowed.
I am planning on investing $400 monthly, but from what I understand, I will only be able to buy a maximum of one lot per month at this rate.
There concept of being able to buy more shares when price is low and buy less shares when price is high is not present. Any help is appreciated🙏
12 May 2020
Undergraduate at NTU
Rather than DCA monthly, you can DCA every 2 months, 3 months or quarterly instead.
This way you reduce transaction fes and can have the option to invest that month or not (Since you can choose to invest $800 the next month). Though this seems like timing the market
Hi Eman, if you are DCA-ing manually, yes, you will be hindered by odd lots/spare change/high commission charges.
That's where Regular Shares Savings Plan (RSSP) can help you. You can invest in ETFs/blue-chips with as low as $50. You can read this article to understand the basics, on top of what has already been shared: https://blog.seedly.sg/what-is-a-regular-shares...
All the best in your investments!
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