What are some of the alternatives to use to reduce the weightage of the transaction costs has on my overall investments as im currently still investing with a small amount 2-3k each time? - Seedly
 

Investments

Asked by Anonymous

Asked on 18 Jun 2018

What are some of the alternatives to use to reduce the weightage of the transaction costs has on my overall investments as im currently still investing with a small amount 2-3k each time?

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Gabriel Tham
Gabriel Tham
Level 9. God of Wisdom
Answered on 18 Jun 2018

You can accumulate more capital before making a purchase. Or use low cost options such as POSB investSaver, Robo advisors etc.

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Tan Wei Jie Shawn
Tan Wei Jie Shawn
Level 3. Wonderkid
Answered on 18 Jun 2018

Try using POSB InvestSaver or OCBC Regualr Savings Plan to minimise transactional costs compared to buying it straight using your CDP account when investing a smaller sum.

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James Yeo
James Yeo
Level 5. Genius
Answered on 27 Jun 2018

Go fsmone (ifast). Only $10 comm each time compared to $25 from brokerage firms. Fintech is going to disrupt the industry.

They also provide many valuable insights through email.

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