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Anonymous
What would be the breakeven amount to make it worth it for example if I want to buy into DBS? Is there a criteria that I should be considering that'll determine how much I put into the stock?
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Assuming a commission rate of 0.28% and minimum of $25- you'll likely want to transact $8,928 to meet the minumum brokerage
e.g. Singapore Stocks
$5,000 * 0.28% = $14, but you'll still pay $25
$10,000 * 0.28 = $28βββ
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Pang Zhe Liang
13 Mar 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
You need to know your investment objective, as well as your overall portfolio based on your risk app...
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Hi, as Dan L have mentioned, the best way is to optimise the sales charge and commision to the trading platform.
For myself, I'm using DBS Vickers Cash Upfront. (Min sales charge $10). Thus average about 8k investment per trade will be optimal.
The stocks will be held in CDP, central depository. Which means you can sell thru other brokers / platform
I sell thru FSMone as the min sales charge is also $10. For DBS Vickers, sell min is $25.