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Anonymous
Hi everyone, I'm a new investor here and been wanting to DCA into ETFs long term. A bit confused about the fee structures, which exactly is cheaper for US ETFs? Or are there better options out there? TIA!
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Chris
21 Jun 2021
Owner and Writer at Tortoisemoney.com
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For $200 a month, you'll incur the minimum for both. So for Tiger that'll be USD 23.88 (plus taxes) and for FSMone, that'll be USD12 (plus taxes).
Note that for selling on FSMone, you'll incur their normal selling charge (Min USD8.80) but if you're long term then no issue.
Also note that both incur the 30% dividend withholding tax since you're purchasing US ETFs.
I would say both these options are feasible and are quite low cost already. That said, on $200 a month, these comms are about 1-2% of your investment value. As such, you might want to scale up your investment (if possible) or DCA less frequently (under tiger) to maximise the comms.