Just registered awhile ago, but they didn't have any brochures or pamphlets to provide me.
May I ask if this SC Online Trading Platform allows me to purchase from the Singapore Stock Index, the Singapore Bond Index and the World or US Stock Index?
I see that this platform may be good for Dollar Cost Averaging - is this something that I would manually have to manage or is there a way to GIRO or some other similar method of automatically investing my intended monthly amount?
Lastly, is there a way to automatically reinvest dividends?
Thanks in advance for your help! Keen to start my investing journey.
It's good for DCA cos of the low commission, but you have to do it manually. So every month you have to transfer your money over, then buy the stock. Also, you have to buy minimum 1 lot. For a true DCA you should get Poems SBP, which will do everything automatically, plus also allow you to buy an odd number of shares.
There is no way to automatically reinvest dividends, again you have to do it yourself. Unless you are referring to dividend reinvestment plans that some stocks have, where instead of getting dividends in cash, the cash is used to purchase the stock again at a slight discount. However, you end up with an odd number of shares and it will be a chore to sell them next time.