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Anonymous
Decided to take small steps and invest 12k of my savings (will have about $5000 on cash for liquidity purposes). Was thinking of putting about 70% of it into shares because I'm quite young- higher risk appetite in a way.
As such, won't be making a high amount of trades- probably looking to buy about 4k of Nikko STI ETF, and split the 8k amongst 4-6 companies in Singapore (advice on that would be useful but not the main focus).
What account has smallest fees? Was thinking Saxo/DBS Vickers?
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HC Tang
29 Mar 2019
Financial Enthusiast, Budgeting at The Society
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With CDP is the same rate at 0.22%. WIth Custodian account, FSM One is cheapest at 0.08%.
Note: However, holding your stocks in a custodian accountm have risk of losing all stocks the custodian went bankrupt.
Read this for more details and information:
https://blog.seedly.sg/the-ultimate-cheatsheet-...