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

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Anonymous

11 Sep 2021

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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?

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.

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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.

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Feel free to use my referral link for sign up perks

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

Arman Mohamad

Arman Mohamad

12 Sep 2021

Seedly Student Ambassador 2021/22 at Seedly

Hi Anon, I'd mostly second what everyone else here has said. But the caveat is that you have to manually do it every month. This means that you got to be disciplined and put in cash every set date for each month.

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If you're looking for an automated solution, you can try checking out SGX-domiciled ETFs or use FSMOne to do so via setting up an RSP. This saves you the hassle albeit at a higher fee.

It will be more expensive once the tiger promo ends. Maybe u can try syfe select...

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