Is buying ETFs via internet banking e.g DBS under investments OR buying them through a regular brokerage better for long term accumulation needs? - Seedly
Ā 

Investments

STI ETF

ETF

Brokerages

Asked by Anonymous

Asked on 06 Aug 2019

Is buying ETFs via internet banking e.g DBS under investments OR buying them through a regular brokerage better for long term accumulation needs?

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?

0

Answers (2)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent
Harvey Tan
Harvey Tan
Level 5. Genius
Updated on 08 Aug 2019

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.

1 comment

1
Question Poster

on 08 Aug 2019

Thank You!
HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Updated 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

4 comments

0

See all 4 comments

Question Poster

on 08 Aug 2019

Thank You!
HC Tang
HC Tang

on 08 Aug 2019

You're most welcome :)