Anonymous
I’m intending to invest in DCA thru FSMone for SPY500. How much should i put?
Hi, I’m looking to invest in SPY500 but I’m only looking at $300 max per month.
Is this a feasible amount to start to put into US ETFs as I’m aware that there are brokerage costs, exchange rate costs and etc.
Ive read articles on Ireland domiciled ETFs on seedly already, just wondering if $300/month is worth it or should i wait for my income to increase so i can put more
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I think $300/month is a decent amount to get started with. It's always good to enter the market with an amount that you are comfortable with, gain a better understanding of how the market works before deciding whether to increase that amount when you feel it's appropriate.
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Pang Zhe Liang
26 Feb 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
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It depends on your savings and needs. If you need the money within the next 3-5 years, then invest lesser and save more money. If not, you can increase the amount you invest.