S&P 500 Index
Asked on 11 Feb 2020
Due to the virus situation, is it a good time to buy into the S&P 500 now? What's the most cost-effective way to do this?
You can try Saxo Markets. Min fee only $10 and trading fee 0.08%, one of the lowest I've seen. But the shares are held in a custodian account i.e. Saxo owns the stock instead of you. You may not be able to attend AGMs or have voting rights.
One year ago, due to the us-china trade war, is it a good time to buy into the S&P 500 now?
one month ago, due to the us-iran air strike, is it a good time to buy into the S&P 500 now?
As of now, despite the initial virus outbreak, S&P 500 still printing record highs. If your intent is DCA for long-term based on the fundamental belief that the USA economoy always find a way to rebound from even the worst recession, then dont bother timing your entry.
Suggest to look at other fund rather than s&p. S&P fund is too pricey and wont get much even if dca.
Try tqqq or qqq if you want to invest in similar stuff to s&p index
Maybe with 1200 SGD/quarterly the typical SG retail brokers mostly would be okay, otherwise the U.S. branches of TD Ameritrade or Schwab would be super given their current delightful 0.00 USD commission fees
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