Anonymous
Asked on 21 Sep 2018
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9 answers
Answers (9)
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Answered on 25 Jan 2019
How do you intend to buy into the S&P through a DCA method? I'll assume you are referring the S27 SGX counter? There is no automatic way of buying into S27 and the minimum share lot is 10, which works out to be US$2650~ per transaction based on today's prices.
If you are buying to SPY, you are looking at perhaps 1 share a month based on your $500 contribution. Which doesn't make sense, as the brokerage fees will be quite high.
Unless you are thinking of buying into the Infinity S&P500 fund issued by LionGlobal, in which case I'll suggest you stay far away. The fees are rather high which will eat a big chunk of your paper gains over time.
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Kenny Tan
19 Feb 2020
I'm interested to know how you DCA into the S&P500 too. Thanks
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Geraldo L.
Answered on 26 Feb 2020
Nobody knows where the market is going, that's why a DCA strategy is good because it gives you a plan to buy consistently regardless of whether the market is up or down. Personally, I would overweight more on the global indexes rather than STI ETF.
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MT2020
Answered on 26 Feb 2020
If you are doing dca, you should not time the market as you will be consistently buying every month ...
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