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Most cost-efficient way to DCA into S&P 500 ETF?
What's the best platform to use for the lowest fees if I want to invest say $500 a month? IBKR into CSPX? Syfe Trade with usage of Syfe Cash+ on VOO?
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Jonathan Chia Guangrong
07 Dec 2022
SOC at Local FI
Couple of ways I can think of using Syfe.
- Syfe Trade - buy into VOO or IVV on a regular basis for long term holding.
- Syfe wealth - create a custom portfolio with 100% CSPX
Both ways allow fractional shares so you can maximize the amount you invest.
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Since your DCA amount is smaller than the price of 1 share of CSPX, you would need to accumulate which means you only DCA every 2 months. You can either increase the amount of investment or you can consider using Syfe Trade since it allows for fractional trading.
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You can consider FSMone RSP into VOO too
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thefrugalstudent
02 Dec 2022
Founder at thefrugalstudent.com
It depends - what is your current portfolio sum,
If your portfolio is small, it's actually chea...
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Webull, moomoo, ibkr. Opening a cash account with brokerage is usually the safest option as you accidentally use margin loans which charges interest. Also when DCA-ing, buy on red days not green days. Even better is if you do charting and purchase it when its below EMA20/MA100 on red days.