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Anonymous
I am a 18yo student looking to invest around $7000 (one time) in IWDA. I found out that SCB Trading Account is the cheapest but I do not reach the minimum age of 21. Should I use FSMone first and move to SCB when I'm 21?
Hi, I am a 18Yo student looking to invest around $7000 (one time) in IWDA(world ETF).
After doing research and maths, I found out that standard chartered trading acc is the cheapest for the long term(5-10y+) as they do not charge custodian fees.
BUT the problem is that SCB minimum age is 21 which means I'm not eligible.
Should I just put $7000 in vanguard world ETF using FSMone and then move to IDWA with SCB when I'm 21?
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Hi there,
There are people who start out without a financial planner but they are usually able to fork out much time to conduct their own research and study And many people may not be able to do that. Think of it as a collaboration: Getting a financial planner will be able to help you embark on your investment journey while you learn the ropes of investing too.
Financial planning is an integral part of life. You can reach me here to find out more.
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Hello, you should use Kristal instead! They do not charge brokerage or commission fees for the first...
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Just Stick with FSMOne throughout, it's a lump sum investment so fees shouldn't be a concern. and you can diy, save fees of giving commission to fa