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Adrian Goh Jun Wei
10 May 2019
Product at Nodeflair
It depends on many different factors, but I would like to touch on one of them - investment amount.
If your investment amount is low, your gain in value of the stocks will be chipped off by the minimal trading fee. As such, it seems to me that it will be more ideal to invest every quarterly instead, where the fee is lower than the minimal trading fee (assuming this is the case)
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I think you have to take into account a few factors,mainly like what Adrian has mentioned, the amount youâre setting aside every month And the costs that comes with every trade.
A few other factors to consider as well could be the price youâre paying for the stocks, sometimes if you consistently purchase a particular stock at a rising price, youâre averaging up your holdings in it and if allâs good then its still ok bit if you were to miscalculate, you might be in for a surprise. Vice versa for a stock at a falling price.
Investing on a monthly basis is still possible if you have a watchlist of stocks and if one of the stocks happens to hit the target price youâre comfortable in paying and by all means. This way youâll be able to work your money more productively.
Cheers to a wonderful investing journey ahead!