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Dominic Cordeiro

11 Oct 2020

∙

General Investing

How do i purchase ETFs like the S&P 500 with a montly investment amount of 500 to 600 SGD?

Beginner investor here. I have invested in the STI ETF last month through DBS vickers and the minimum amt of shares required to make a purchase is 100. Does this apply to overseas stocks as well such as S&P 500 index funds? if so, does this mean that it is impossible to invest in this index fund with a sum of 500-600 SGD via dollar cost averaging?

DBS Vickers Securities

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Jing Wei

11 Oct 2020

The minimum shares purchase of 100 do not apply to the US stock exchange.

It is possible. To do monthly investment, find a broker which offer Regular savings plan(RSP) for the US market. Example is FSMone. The broker offer monthly investment plans for extremely low fees. (Minimum 1USD for buy orders only)

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DBS Vickers Securities

2.8

89 Reviews

$25

MINIMUM FEE

0.18% to 0.28%

TRADING FEES

CDP

STOCK HOLDING TYPE

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