Asked by Anonymous
Asked on 06 Aug 2019
Going to invest in some ETFs soon but am thinking between these 2 platforms. Are they the same or which method would cost me more in the long run?
If you are buying STI ETF for long term accumulation and you can only afford 300-500 per month, it would be more optimal to go with DBS Invest Saver (RSP)
If you are considering buying foreign ETF, consider Interactive Broker.
Extremely cheap and reputable.
on 08 Aug 2019
Buy via DBS/POSB under the invest tab, as the key here is regular (Regular Savings Plan - RSP) to achieve DCA (Dollar Cost Averaging), for longer term this platform as it is automated self services, so the fees is much lower than regular brokerage. See this by seedly for more : https://blog.seedly.sg/which-regular-savings-plan-is-the-cheapest/ Cheers