17-05-2015, 03:35 PM
(16-05-2015, 06:07 PM)Ferns Wrote:(16-05-2015, 03:31 AM)Drake Wrote: Hi all, dedicated my first post to this question in value investing.
Keeping overall fees (brokerage fees, clearing fee, trading fee) low is one of my goals when investing. I am trying to understand, with my limited knowledge, how does one keep it low with DCA (aside from going to the firm with the lowest fees)? Do you guys put in thousands of dollars every month so that you can make the fees more justifiable? My impression of DCA is for poor man like me that can only afford hundreds.. And if we talk about hundreds, these fees will add up like an estimated of 30$ per month.
Only works if you have a custodian account with Standard Chartered. They don't have a minimum fee.
I see. Thank you for your input!