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Anonymous
What is the cheapest brokerage if I want to invest into QQQ etf only? $15k lump-sum, followed by $250 DCA monthly. I'm 21yo, graduating uni next year so planning to buy QQQ for income growth. Any advice?
I know about certain brokerages fees are trade commission based vs AUM. Not sure in my case of lump-sum followed by dca which brokerage is the best? I plan to hold for 5years or so only, not for 15years. Total invested amt will be arnd $30k. Currently only choosing this one etf because I think my portfolio is diversified enough, I have 26% risk in Stashaway and Syfe 100%reit+ and some sg bank stocks. (have a separate $25k cash in bank and insurances settled. no tuition loan.)
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Rahul Wadhwa
18 Sep 2020
Student Ambassador 2020/21 at Seedly
Hi Anon,
For US markets, TD Ameritrade will be the cheapest broker.
Unfortunately, the account opening takes quite a while.
While waiting for your account to open, you could use IBKR or Tiger Brokers.
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If planning to hold long term, get eqqu, Ireland domiciled. Because dividends iwll only increase in the long term. And you do not want to be affected by taxes
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If going for tech etf, OGIG is in my watchlist.
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For the choice of ETF, I would suggest you may also want to consider XLK and VGT ETF as well assumin...
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Tiger broker or TD Ameritrade has the lowest commissions for stock shares which you can consider :)