Hi guys, if I wanna buy in, let's say $1000, into STI ETF, what's the cheapest platform?
I saw FSMOne RSP the fee is only $1 minimum or 0.08%, but won't be able to start until next month's 8th..
FSMOne RSP is the cheapest, yeah.
Enter now or stick to the monthly date?
Hi Shiny, make I know whether you have any guidance as to when to deploy how much of the warchest, in this type of crazy market. Say for scenario where you have warchest of different sizes.
I'm going to answer both of these questions at once.
If you already have a nice regular schedule going, stick to it. That's the most important thing.
But if you were lurking on the sidelines because "oh I'm waiting for a crash": it's time to start investing and get into that regular investing schedule. Stuff is cheap. Take advantage of that.
I found Shiny's no no advise on leveraged ETF in (Part 2 of this series). However, I am not sure what is the technical term to use to search for Shiny's view on :
a) Borrowing in SGD to invest in STI ETF
b) whether borrowing in any currency to invest in STI ETF, S&P500 or any of the global ETFs makes sense
The technical term you're looking for is "no, don't be insane".
Borrowing to invest is (almost) always a terrible idea.
Standard chartered doesn't combine the transaction fee multiple trades of the same day right?
They do, in fact. Consolidating the transaction fee for multiple trades is very unusual; it's a weird thing that the Singaporean brokers sometimes do, but it's not a thing anywhere else. Stanchart's practice is closer to how it's normally done.
all in
tmr will go up
can sell next week quick for fast $$
You seem to have missed the point of this thread. You're not going to trade the market, and if you do you're going to lose money. You don't know whether the market's going to be up or down next week; and even if it's up you don't know whether you'll be strong enough to hold on through the swings and roundabouts between now and then.
But if you're patient, you have a huge advantage—you can ignore all the swings and roundabouts in the market for months or years or even decades. You don't need to get whiplash from every market move.
