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How to DCA into SPY on IBKR?
New to the app, do I need to change SGD to USD to buy those Irish domicile SPY?
and also given that every DCA will incur charges, should I do it weekly or monthly? Are the charges high?
which etf will you recommend as well? I'm thinking of SPYL
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If you are using cash account Or recurring investment. IBKR will auto convert any SGD to USD.
Each trade commission is not high (~ cost of 1 kopi-ping per trade), but it adds up. DCA Monthly more efficient.
SPYL good choice to build a diversified US portfolio