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Anonymous

01 Oct 2020

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General Investing

With $200 a month to invest as a beginner, should I invest with robo-advisors or directly to an ETF?

I'm particularly attracted to the ARKK ETF.

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Kenny Pang

01 Oct 2020

Robo. Syfe would fit best in terms of lowest fees, then DCA slowly.

No point investing ETFs directly, the broker fees (assuming you go for local banks) will take almost 10% (around 20-20$ per trade) off your order execution, DCA over a long run with $200/month isn't sustainable.

Once you become more comfortable and have more cash to invest, you can look at US brokers (bunch of them with low or zero commissions, TD, Saxo, IB, etc).

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