Anonymous

16 Oct 2022

∙

General Investing

How much do I actually invest in the market after deducting all funds and platform fees?

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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Niger's Tidebringer

22 Oct 2022

What made you chose sti etf amongst others tho?

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Susan Soh

22 Oct 2022

Exclude expense ratio.

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SamC

16 Oct 2022

Expense ratio is not charged directly to you so you can exclude...

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