FIRST TIME INVESTOR
Shares cash
Having a hard time wording this but here goes.. I’m currently depositing $125 weekly, I have four etfs.. I have shares price to invest once I reach $875, just wondering if I should lower that price so that I’m investing into all of them more often ? I hope this makes sense 🤷🏼♂️😂 any help for a rookie will be greatly appreciated.. thank you
Daniel McLeod.
24 June 2023
2 Comments
over 1 year ago
Hey Daniel.
This is a pretty common question. There’s no need to lower the investment amount so that you’re buying each holding more regularly, that will just result in more brokerage costs than is necessary. Ideally you want to keep these costs to a low % of the amount you’re investing. If you buy in smaller amounts, you lose a higher % to brokerage.
Over time, it will all even out so it doesn’t matter if it’s multiple months in between each purchase of a fund. I would instead focus efforts on trying to save more money so you can invest in them more often – this will also help you reach your goals faster too :)
Hope that helps.
Dave
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ReplyJas B
INVESTOR
over 1 year ago
Similar to what Dave said Daniel. Maybe wait until 4 months in until
you have around $2k to invest. Do that 3 x a year and it will save in brokerage. So just set your auto invest to $2k and go from there.
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Reply4000 characters left
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