Asked on 13 Mar 2020
What would be the breakeven amount to make it worth it for example if I want to buy into DBS? Is there a criteria that I should be considering that'll determine how much I put into the stock?
Hi, as Dan L have mentioned, the best way is to optimise the sales charge and commision to the trading platform.
For myself, I'm using DBS Vickers Cash Upfront. (Min sales charge $10). Thus average about 8k investment per trade will be optimal.
The stocks will be held in CDP, central depository. Which means you can sell thru other brokers / platform
I sell thru FSMone as the min sales charge is also $10. For DBS Vickers, sell min is $25.
You need to know your investment objective, as well as your overall portfolio based on your risk appetite. From there, we can attempt to establish an optimal amount based on what you can afford and will be comfortable with.
Moreover, you may wish to calculate the brokerage charges to determine the breakeven point.
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