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Anonymous
The most obvious benefit for Robo is DCA but doesn’t benefit me LT (need to cash out in 5-10 years time or fees become excessive). But for individual ETF via a broker, fees are much pricier and probably impossible for me to decide to do monthly DCA. What do you recommend?
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Do it yourself
open U.S. brokerage account with
0.00 USD commission fees (15% witholding tax on ETF dividend earnings are lost then however)
transfer/switch your SGD to USD to destination U.S. account with Transferwise
more on my thinking:
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If you want solely ETFs, then go with brokers. If you were to go with roboadvisors, it's unlikely yo...
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You can do DCA via RSP (DBS, FSMOne).
If you are looking for outside Sg market, you can consider FSMOne, they have RSP with only $1 transaction fees.