facebookI’ve been researching the various apps available and decided I want to invest in 2-3 ETF indexes for the Long run. What’s is the best place to buy ETFs for least transaction cost? Any advice for my strategy? - Seedly

Advertisement

I’ve been researching the various apps available and decided I want to invest in 2-3 ETF indexes for the Long run. What’s is the best place to buy ETFs for least transaction cost? Any advice for my strategy?

Plan on doing it DCA style, monthly. So far I have been looking up Kristal AI, just that the options are limited I think?

If I do invest, my strategy is:

50% Vanguard Total USA Market ETF
50% some other global ETF In tech stock.

Suggestions/advice?

Discussion (9)

What are your thoughts?

Learn how to style your text

I never thought i could smile and be in a happy marriage again if not for the help of DR Moses . I got the doctors Email and i emailed him, he got back to me with some encouraging words, he got me some herbs cream which i use for just 8 days and i began to feel the enlargement of my penis, and without surgery. This went on for a little period of about 10 days and to my surprise my wife keeps screaming that she love my big dick now. Now my wife no longer cheat on me, and my penis is now about 10.5 inches long on erection and off course very large round. And now my wife uses breasts, hips and bums enlargement. I and my wife are very happy for the help rendered to me by DR Moses HERBS, and i want to say a big thanks to Doctor for the help. you can email him on ( [email protected] ) or call/whats-app him directly on +2349060529305

DOCTOR Moses Buba CAN AS WELL HELP THE FOLLOWING PROBLEMS
1. HIV/AIDS SPELL
2. HERPES SPELL
3. CANCER SPELL
4 IF YOU WANT YOUR EX LOVER BACK SPELL
5 IF YOU NEED A BABY SPELLhim to solve
6 LOW SPERM COUNT SPELL
get all your problem solve. No problem is too big for him to solve.

Tan Wei Ming

02 Jul 2020

Founder and Writer at Frugal Youth Invests

Hi. You might want to consider FSMOne's ETF RSP.

https://frugalyouthinvestsg.wordpress.com/2019/...

There are few reasons why I decided to use FSMOne’s ETF RSP instead of kristal.AI even though the latter is free for the first US$50k are as follows. 

Firstly, you can buy fractional shares using FSMOne’s ETF RSP but not kristal.AI. With FSMOne’s ETF RSP, you can buy into VOO with just $50. On the other hand, kristal.AI requires a minimum amount of 1 share to start their Systematic Investment Plan. What this means is that if VOO is getting more expensive every month, with FSMOne’s ETF RSP you will receive less fractional shares while you have to fork out more capital to own that minimum 1 share of VOO with kristal.AI

Secondly, even though kristal.AI offers zero commission for the first US$50k which can be quite enticing for many, their commission structure is different from each other. kristal.AI charges investors based on AUM while FSMOne charges based on trades commission. In the long run, once US$50k is hit, kristal.AI will be more expensive as one has to pay more in fees when their portfolio gets bigger. On the other hand, for FSMOne, since investors are charged by the order amount, the cost will be cheaper in terms of percentage over the total capital outlay in the long run. 

You might argue that one should buy into kristal.AI until it reaches US$50k and switch to other brokerages to continue their RSP but I believe in the long run and the convenience that one will have if they buy using FSMOne ETF RSP from the start. The deal breaker for myself is the minimum share of 1 for using kristal.AI’s SIP in the sense that I have to fork out more capital if the share price goes up. I would rather own less of the shares than to fork out more cash.

Please take note of the pricing structure for FSMOne’s ETF RSP as below. For each ETF RSP buy order of VOO, the minimum commission is US$1 (excluding GST). In total, for any buy amount less than US$1250, you will be charged US$1.07 (including GST). In addition, please take note of Dividend Handling Fee of 1% of gross dividend subject to minimum of US$2.50. Dividend Handling Fee is charged every distribution. For VOO, since it distributes every quarter, one will incur US$10 minimum every year. To me, I do not think that Dividend Handling Fee is a cost as we do not pay FSMOne US$10 every distribution to receive the Dividend. 

View 2 replies

Write your thoughts

Advertisement