facebookIs it recommended to DCA into ETF (QQQM etc) using Tiger Trade (Tiger Brokers)? - Seedly

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Anonymous

11 Sep 2021

General Investing

Is it recommended to DCA into ETF (QQQM etc) using Tiger Trade (Tiger Brokers)?

If not, any better platforms?

Discussion (8)

What are your thoughts?

It depends on your investment style as well as your investment time horizon. If you're looking to compound over a long period of time, let's say 20-30 years, I'll be more comfortable putting my funds in a well-established broker such as TD Ameritrade or Interactive Brokers.

Personally, I prefer Interactive Brokers when it comes to compounding in ETFs over the long term as it allows buying of fractional shares. This gives me some flexibility in my investment and you can definitely use this advantage to dollar cost average more effectively.

You can find out more about IBKR fractional share trading over here: https://ibkr.info/article/3416

Hope this helps!

I would suggest IBKR as the fees are cheaper. Choose tiered pricing and perhaps dca a bigger amount every couple of months so it makes the commission more worth it.

I recommend tiger brokers for Singapore stocks as the commission is really vvv cheap at this point in time since tiger waived off the minimum fees.

Feel free to use my referral link for sign up perks

https://www.tigerbrokers.com.sg/activity/forapp...

Arman Mohamad

Arman Mohamad

12 Sep 2021

Level 7·Financial Services Consultant at Manulife Financial Advisers

Hi Anon, I'd mostly second what everyone else here has said. But the caveat is that you have to manu...

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