facebookWhat is the most cost-effective way to DCA into IWDA every month? - Seedly

Advertisement

Anonymous

04 Nov 2019

βˆ™

General Investing

What is the most cost-effective way to DCA into IWDA every month?

Around how much will I need every month?

Discussion (6)

What are your thoughts?

Learn how to style your text

Kelly Trinh

04 Nov 2019

Backoffice technical at financial services firm

Well, IWDA is an ETF traded on London, so question reduces down to what is the cheapest way of buying stocks there - perhaps you can look into Interactive Brokers for a very cheap solution that scales well at larger sizes.

In terms of the amount you need every month, the trade cost is minimal so the question is more how much you can/want to invest each month. As mentioned in comments though, there is an Account Maintenance Fee of USD 10 a month, which may bite if your account is just starting out (its gets waived once you hit USD100k (!)).

When you are starting out or at smaller trade sizes, you can look into Saxo Markets to start off with, they run off percentage fees (as opposed to fixed fees like IB) so will be more economical at smaller sizes but once your trades/portfolio gets larger then it makes sense to switch over.

View 2 replies

Royalchem

03 Nov 2019

Project Officer at Security Related

Have you considered other options other than IWDA?

View 2 replies

Write your thoughts

Advertisement