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 [DIY] S&P 500 Index w/ 0.07% Annual Fee, Buy the best companies in the world

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sgh
post Dec 31 2021, 07:49 PM

On my way
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692 posts

Joined: Nov 2021


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.
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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.

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 !!!
sgh
post Jan 1 2022, 03:18 PM

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Joined: Nov 2021


QUOTE(annoymous1234 @ Jan 1 2022, 02:00 PM)
Provided if one has a lum sum, which again, I highly doubt most Malaysian have.
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I think Ramjade mention for IBKR what he do was accumulated enough then lump sum transfer (save on fees?) then inside IBKR he wait for correct time to buy. He mention 10k not sure he meant 10k MYR or 10k SGD or 10k USD
sgh
post May 29 2022, 01:30 PM

On my way
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Junior Member
692 posts

Joined: Nov 2021


QUOTE(Ramjade @ May 29 2022, 11:56 AM)
Awesome. Webull is one of the best alternative to robin hood in the US.

And they are not like moomoo or tiger where Free is not free. For webull, free is really free.
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Does webull support fractional shares buy,sell?
sgh
post May 29 2022, 02:26 PM

On my way
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Junior Member
692 posts

Joined: Nov 2021


QUOTE(Ramjade @ May 29 2022, 01:47 PM)
Yes they mentioned they support fractional shares but must be market order. I
t's superior to syfe. Cause its really free unlike moomoo or tiger.
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Yes I know so I already applied. Spore forum investor also suggest this. Finally really 0 fees for US stock via fractional shares even beating Syfe as that is only 2 free while webull is permanently free. IBKR supporters into US trades may want evaluate this webull. How come new brokers don't open on Msia but only in Spore? Webull is China monies backing.

 

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