Anonymous

15 Apr 2020

∙

General Investing

I plan to invest 1k SGD every month(10-20years) in S&P500 ETFs, which brokerage should I go with?

Im deciding between Interactive Broker(low comms but 10USD inactivity fee) and Saxo (cheaper than average comms).

Interactive Brokers Saxo Markets

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Jonathan Chia Guangrong

04 Feb 2020

SOC at Local FI

I'll suggest Td Ameritrade. Robust platform with powerful charting tool if you need. Simple to use and the mobile is great as well. I use my phone to trade if I'm lazy to fire up the desktop application.

If you have sufficient volume, consider giving them a call to discuss if commission can be lowered.

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Lim Chun Long Jimmy

04 Feb 2020

Co-founder at PolicyWoke (Traded Endowment Policies)

There are many others to choose from, including but not limited to:

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Caleb Seah Hua Xiang

29 Jan 2020

If it's just S&P500, can consider going ahead with kristal.AI

Otherwise IBKR also a good choice

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Rishi Ramchandani

29 Jan 2020

Financial coach / Founder at Cafe cash flow

IBKR or TDameritrade for the low fees. 12 trades a year X 20 years - the fees can add up!

By the way I like what you are doing! I've been doing something similar since I started earning. Goodluck

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Randall Tan

29 Jan 2020

Coffee boy at Century Piano

Hi, I would recommend you to go with ibkr, with their low commission fees between $1-$3 usd per trad...

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My insurance agent keeps selling me investment plans, one of the investment plans was how I could 9x my money in 15 years, if I just put in $1k every month. Is this even a plan that is possible?

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