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Anonymous
don't think i will be always observing the price, will prefer to buy and hold for long. what is good for long term investment? and can stock be held for long term?
plan to take out 30k to 50k. is it better to throw in lump sum? or buy bit by bit? unsure how to gauge.
for US market, is the tax significant especially for long term? or should go for ireland domiciled etf if long term?
which online brokerage to consider? any fee to take note? any referral code to share?
thanks!
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I personally just started investing not too long ago and would like to share with you some stuff I learned through the process.
Do your own due diligence. Do not buy stocks just because your friend ask you to, or if some millionaire stock instagram influencer says so. For long term investment, I would say you can start by learning how to a read a company's financials and see whether the stock is valued at the price is currently trading at.
Time in the market vs timing the market. Like you said since you won't be observing the price, this shouldnt be a problem for you. Basically, instead of timing the lows of the market, buy now then sell later!
Brokers. I did my research with a couple brokers and I found myself using SAXO due to their low costs. Saxo doesnt have live prices which shouldnt matter to you since you mentioned you won't be observing the price. Something else you can consider is, TD Ameritrade has a pretty cool and easy to use app with live prices and they recently announced that they are going commission free which means no fees for every trade which you can consider! Not part of the seedly team but this helped me alot in my research ( https://seedly.sg/reviews/online-brokerages )
P.S if you decided to use Saxo, let me know we can share the referral bonus :)
Regarding your second point, some brokers do charge withdrawal fees so if you plan on depositing one lump sum just make sure you are comfortable with it or else you would be spending $20+ just to withdraw some spare cash for yourself!
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Buy funds or go with robos, it outpeforms the individual stock selection most of the time. If you di...
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As for your second concern, be sure you are fine with the idea of paying withdrawal fees if you intend to deposit a single lump sum with a broker
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