facebookIf I have only $400 budget and interested to invest on ETF RSP only, should i focus on one ETF only with 400 per month or four ETFs with 100 per month? - Seedly

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Anonymous

11 Jul 2020

General Investing

If I have only $400 budget and interested to invest on ETF RSP only, should i focus on one ETF only with 400 per month or four ETFs with 100 per month?

I'm concern of minimum $1 trading fee under $1250, will it be worth of deduct $1 for $100 deal? 4 etf mean deduct $4 per month on $400 RSP.

Discussion (1)

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Tan Wei Ming

11 Jul 2020

Founder and Writer at Frugal Youth Invests

Yes this is the cons of ETF RSP compared to robo advisor style.

I think you also need to look at the scope of the ETFs. I would aim for more diversification than to focus fire on specific sector if you are trying to save the transaction costs.

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