facebookShould I transfer my invested amount out to a platform like Saxo markets after accumulating enough to diversify in several ETFs for DIY investing while continuing my monthly DCA? - Seedly
Seedly logo
Seedly logo
 

Advertisement

Anonymous

10 Oct 2019

General Investing

Should I transfer my invested amount out to a platform like Saxo markets after accumulating enough to diversify in several ETFs for DIY investing while continuing my monthly DCA?

I've accumulated close to 50k on several robo-advisors, should I sell off my positions to move my investments into a platform like Saxo to take advantage of lower fees? I'll continue to invest monthly to DCA into the robo-advisors. Thinking of rinsing and repeating when I have accumulated enough to DIY. Since ETFs on robo-advisor are also available on platforms such as Saxo anyway

1

      Discussion (1)

      What are your thoughts?

      Ngooi Zhi Cheng

      Ngooi Zhi Cheng

      10 Oct 2019

      Level 8·Student Ambassador 2020/21 at Seedly

      Hi,
      This really depends on the amount of capital you are willing to invest.

      As you have mentioned, you could take advantage of the lower fees provided by Saxo for better savings in the long run.
      Generally, with proficient investment knowledge, DIY would be the better approach. Some things to consider:

      I would also want you to try and see if the robo-advisors have overlapping ETFs investment - that would result in you having the false comfort of being "Diversified"
      Other than ETFs, do consider other instruments to further refine your portfolio.

      Do consider your investment strategy during an economic downturn. Would you still be willing to sell your transfer your portfolio from robo-advisors to Saxo during a loss?

      Reply

      Save

          Write your thoughts

          Advertisement