Dca iwda

[Converged]

Am planning to do quarterly dca on iwda in scb. Does it matter which day or time i purchase?
Will the forex spread decrease if i trade at any specific period of the month?

Sorry of the noob qns!!

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[Converged]

Bump

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[Shiny Things]

Am planning to do quarterly dca on iwda in scb. Does it matter which day or time i purchase?
Will the forex spread decrease if i trade at any specific period of the month?

Sorry of the noob qns!!

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1) Yes. Enter your orders when the London stock exchange is open, in the evenings Singapore time.
2) No, FX spreads are roughly the same across the month.

 

[pylpoh]

it matters because the price changes. today buy 58.9, maybe tomorrow drop to 58.7usd, the day after raise to 59. Forex same thing; but i heard its less recommended to the change on weekends. If usd weakens, you may want to change abit more; but then you wont really know how much more it will go down. Anyway both is between much out of your control. There may be some experts that could time the market though.

I also started recently with iwda. Control what you can and dont get so disturbed with what you cannot. Just make sure to have the cash ready every quarter and buy. Rebalance and manage your portfolio like how you wanted it to be.

 

[pylpoh]

1) Yes. Enter your orders when the London stock exchange is open, in the evenings Singapore time.
2) No, FX spreads are roughly the same across the month.

@shiny, price is better when it opens?

 

[Converged]

Thanks all!! Wow ST responded in my thread

ST - have u browse through EDMW - most famous forum in hwz?

it matters because the price changes. today buy 58.9, maybe tomorrow drop to 58.7usd, the day after raise to 59. Forex same thing; but i heard its less recommended to the change on weekends. If usd weakens, you may want to change abit more; but then you wont really know how much more it will go down. Anyway both is between much out of your control. There may be some experts that could time the market though.

I also started recently with iwda. Control what you can and dont get so disturbed with what you cannot. Just make sure to have the cash ready every quarter and buy. Rebalance and manage your portfolio like how you wanted it to be.

How much are u buying and at what frequency (monthly, quarterly?)

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[pylpoh]

About 1k usd via ib

Thanks all!! Wow ST responded in my thread

ST - have u browse through EDMW - most famous forum in hwz?


How much are u buying and at what frequency (monthly, quarterly?)

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[wutawa]

Surprisingly, u can notice the fx spread changes between 0.65%, 0.8%, and 1%. However, u should also consider fx rate too.

 

[KeytoFreedom]

1) Yes. Enter your orders when the London stock exchange is open, in the evenings Singapore time.
2) No, FX spreads are roughly the same across the month.

Hi, can someone remind again what is the amount to buy IWDA using SCB vs using IB? Thanks


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[KeytoFreedom]

Also, SCB does not charge holding fee for IWDA , right?

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