QUOTE(shamino_00 @ Dec 31 2021, 07:29 PM)
I think we put too much on rates on choosing platform if we want to be investors and not traders. I hope not we are not DAY TRADING on the S&P 500 index!! Certainly not.
You gonna go in there, use a platform YOU TRUST with your money, better it's regulated by law of your country. If anything happen, you are protected.
So you go in S&P index, think its a fair price at that time, put in 100,000 there and that's it. 1 time....maybe few months, years, u have capital accumulated and put in again, when it's fair and hopefully it grows. Your trade probably infrequent if ur investors.
What's USD8, if your 100K after 10 years, u hope compounded and grow to be 3, 4 x.....later.
You buy at a fair price and you wait. You become rich, not by frequent buying and selling, u rich by waiting your investment grow and compounded over time.
If you day trade and more on speculators, then yes, better u choose a less costly platform as each fees charges of each trade will eat ur profits or make ur lost worst off.
Currency also should be a factor. Assume you intend retire in Msia so will spend MYR. Hence you bet your USD shares many years down the road you liquidate and change back you are rich.You gonna go in there, use a platform YOU TRUST with your money, better it's regulated by law of your country. If anything happen, you are protected.
So you go in S&P index, think its a fair price at that time, put in 100,000 there and that's it. 1 time....maybe few months, years, u have capital accumulated and put in again, when it's fair and hopefully it grows. Your trade probably infrequent if ur investors.
What's USD8, if your 100K after 10 years, u hope compounded and grow to be 3, 4 x.....later.
You buy at a fair price and you wait. You become rich, not by frequent buying and selling, u rich by waiting your investment grow and compounded over time.
If you day trade and more on speculators, then yes, better u choose a less costly platform as each fees charges of each trade will eat ur profits or make ur lost worst off.
But for me Sporean USD keep depreciating against SGD. So it does not make sense for me to put into USD shares and hence I got for RMB, CNH denominated investment instead.
Real life experience. My PayPal USD saved many years ago was 1 USD give 2+ SGD. Recently forced to change it is 1 USD give 1.3 SGD !!!
Dec 31 2021, 07:49 PM

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