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Anonymous
Hi all, I am new to this and wish to start investing in Nikko AM STI ETF through Tiger Brokers with $100/month.
Amount = $100
Fund expense ratio (Annual) = 0.3%
Tiger broker fees = 0.1% of trade value (min $1.99 per order)
$100 x (0.3%÷12) = $0.025
$100 x 0.1% = $0.10
$100 - $0.025 - $1.99 = $97.985
Am I right to say that $97.985 will be used to buy the ETF? And also, where will the excess amount ($1.265) go to after buying?
Price = $3.12
Number of shares = $97.985 ÷ $3.12 = 31
Excess amount = $97.985 - (31 x $3.12) = $1.265
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Exclude expense ratio.
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Expense ratio is not charged directly to you so you can exclude...
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What made you chose sti etf amongst others tho?