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Elijah Lee
25 Jul 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
I'm DCA-ing monthly on UTs. As this is on POEMS, there are no charges.
For stocks, I prefer to wait for my preferred entry price. As there are brokerage fees, I would want to maximize my investment amount to keep my costs of transaction low. So there's no fixed timing or frequency for me.
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For me Iโm DCAing quarterly, I think itโs a fairly comfortable period. Though this depends on the pl...
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Hey there!
For some stocks, you might be able to just purchase a share counter (if it's expensive) but for some, you can only buy in lots.
If you bought in bulk, You will have to try and time your entry in as a 50c up or downwards can be significant. Same applies for single share counters if you aren't looking to buy in bulk, except You might have to hold it for some time to even break even.
Some RSPs offer very Low charges eg. FSMOne. All the best!