Ben Lee

11 Jun 2020

∙

General Investing

Planning to RSP into S&P 500 VOO but I don't understand how to determine the minimum amount to enter with, given the fee structure. Any advice?

Looking at FSMone fees,

I understand theres a sales charge of 0.08% for both sell and buy ETF, minimum of USD 1 to buy and USD 8.80 to sell.

There is a dividend handling fee 1% of gross dividend subject to min USD 2.50, max USD 25.

How should I determine the amount to RSP in?

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Wrong Sean

07 Jun 2020

The price of one VOO share is about 290+ USD.
I think the FSMOne RSP allows for fractional shares.

So you would want to minimise the cost of buying the ETF every month. Which is 1 USD min or 0.08% of the amount. Which is USD 1250. Anything lesser you still pay 1 USD. (Correct me if I am wrong, having issues with Mathematics). Also have to factor other exchange fees.

Then you have to consider the foreign exchange rate and costs to convert SGD to USD. Roughly that is the figure in SGD for the RSP.

As the dividend is dependent on the number of shares you have, you might have to be prepared to factor the minimum dividend fee as a cost to hold the position.

Alternatively, invest whatever amount that you are comfortable with monthly and work to increase it over time.

Reply

Save

View 1 replies

Write your thoughts

Related Posts

Should I DCA S&P 500 via VOO on FSMone or CSPX on IBKR? Planning to put minimum 500 a month but LSE trading fees are quite expensive

What is the minimum amount to invest via RSP into FSMOne into S&P 500 Irish domiciled ETFs to incur the lowest fees?

Any advice on whether I should buy QQQ or QQQM or ARKK? On top of S&P 500, VOO. I’m planning to invest $1000/month. Thank you.

What is the best way to DCA $500 - $1000 into S&P 500 ETF (like VOO) or SPDR S&P 500 ETF through RSP effectively?

With the Covid-19 issue ongoing now, is it still a safe bet to RSP an index that tracks the S&P 500 such as vanguard? Also, is there a recommended amount to RSP for US ETFs as well?

Related Products

Moomoo Singapore

4.7

479 Reviews

From $0

MINIMUM FEE

0.03%

TRADING FEES

Custodian

STOCK HOLDING TYPE

Saxo Markets

4.5

957 Reviews

Syfe Trade

4.9

125 Reviews

Related Posts

Should I DCA S&P 500 via VOO on FSMone or CSPX on IBKR? Planning to put minimum 500 a month but LSE trading fees are quite expensive

What is the minimum amount to invest via RSP into FSMOne into S&P 500 Irish domiciled ETFs to incur the lowest fees?

Any advice on whether I should buy QQQ or QQQM or ARKK? On top of S&P 500, VOO. I’m planning to invest $1000/month. Thank you.

What is the best way to DCA $500 - $1000 into S&P 500 ETF (like VOO) or SPDR S&P 500 ETF through RSP effectively?

With the Covid-19 issue ongoing now, is it still a safe bet to RSP an index that tracks the S&P 500 such as vanguard? Also, is there a recommended amount to RSP for US ETFs as well?