12 May 2020
The $500 is purely for buying and will set aside $200 spare for any transaction fees and commissions fee. Also looking more towards the US and HK market
Please don't do that. Transactional fees should be kept as low as possible. If you bought $500 worth of stock and paid $25 for the fees, then if your stock rises 10% and you sold off, you would still not make any money.
I'd recommend you to keep transactional fees to less than 0.5% of the contract value. In view of this, you might want to save a little more first before you buy. This applies regardless of which market you are looking at.
Think better to invest every 3months, so total available sum be (500+200)*3 = $2,100. $2000 for investment, $100 is way more than enuf for transaction & comm fees (even 1% of $2000 is $20).
No good amount of units per counter, only X% weightage per counter of the portfolio, to ensure adequate diversification.
Its best to keep your commission fees as low as possible. If you were to use DBS Vickers Cashupfront...
Read 8 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts