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Anonymous
In that case would the strategy be to transact in higher amounts through longer periods of time (eg. Quarterly). Eg. $1500 quarterly instead of $500 monthly.
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Joey Gaeth
16 Jul 2020
BSc Economics at London School of Economics and Political Science
Yes of course. If you're able to invest only $500 monthly, i'd say go with fsmone rsp instead to save on fees.
Assuming the $25 fee you're talking about local brokerages on local stocks, you can use dbs vickers cash upfront which is $10 fee instead and stocks go to your CDP acc. Can sell your cdp stocks afterwards in fsmone which also charge $10 fee.
If you're starting to invest, dca is a good approach if your investment sum is small (<$10k).
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If you don mind newly approved brokerage then you should take a look at tigers. They are offering extremely low fees for SGX till end of the year. I think there might be perks too if you use a referral code