TY Lim

13 May 2020

∙

General Investing

I am looking to start investing in US stocks/ETF with $2000. Probably considering DCA after few months later. Which platform would you recommend?

I read about IB which offers spot rate and low commission but given my sum, I’ll definitely incurred the USD10/mth which I think is not cost efficient for my case.

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Frankie Rappaport

13 May 2020

Yes, FSMOne, as well as POEMS seem fair and straightforward.

Start with one of them.

More simple 'tricks' to avoid performance losses, find here:

https://seedly.sg/questions/what-is-your-genera...

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Tay_WenHao

13 May 2020

FSMone US$8. Yup you are right not worth it cus its almost 5% loss immediately when you enter. And when you sell, it'll be another 5%. Which means the stock you buy must increase by more than 10% then you can profit.

There's no other way for US stock. SG wise you can use DBS Invest Saver or OCBC BCIP to buy in at lower cost.

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If i have shortlisted 5 US ETF that i would like to invest every month with DCA? Which is the best platform to do so?

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