Advertisement
Hi everyone, Iām 20 this year and was just researching on Index Funds. And if my research are correct index funds are something like ETF right..? I got 2 questions
Can I use tiger brokers to trade with ETF/Index Funds? (And is tiger brokers a good broker?)
And how do I buy stocks? Is it a huge lump sum or monthly contributions?
5
Discussion (5)
Learn how to style your text
Reply
Save
Chris
13 Jan 2021
Owner and Writer at Tortoisemoney.com
Index ETFs, are ETFs that invest to follow the index, since you can't buy the index directly. ETFs are just funds that are traded on exchanges, hence the name.
Yes, you can use Tiger Brokers. Tiger Brokers has one of the lowest comms out there at USD 1.99/trade and access to US/HK/SG markets. You can check out my brokerage comparison here!
Both are acceptable ways, but as a beginner, many find it easier to DCA since they fear a pullback. That being said, lump sum does beat DCA about 66% of the time if you're going to DCA over a period of 12 months. If you extend the DCA period, the win rate of lump sum over DCA increases. However, since you're 20 (and likely a student), I would advise you to DCA in over a few months since you likely do not have monthly cashflow.
Hope this helps!āāā
Reply
Save
Hi Jeffrey!
Etf is similar to stock in a way that you can buy or sell it from the market. For examp...
Read 2 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
3.9
142 Reviews
$2.88
MINIMUM FEE
0.04%
TRADING FEES
Custodian
STOCK HOLDING TYPE
4.7
482 Reviews
4.5
957 Reviews
Related Posts
Advertisement
Perhaps you can go through robo-advisor if your capital is not huge, like stashaway or syfe. WIll recommend equity100 for strong growth given that it's all equities.
Yes you can use tiger brokers to buy index etfs like VTI, CSPX, VOO etc. Just take note that you will incur transaction fees everytime you buy or sell. Same for stocks, dollar cost average, u can buy just 1 share depending on your capital.