INVESTING STRATEGY
ETF investment fees
I'm new to investing and find it quite confusing. Am I able to make an initial investment in an ETF, and then make continual monthly investments to the same fund? If I do this, will I be charged a fee every month when I invest more money? Thanks
Cameron Mitchell.
18 November 2024
1 Comments
2 days ago
Hi Cameron.
Yes, you can purchase an ETF then buy monthly after that.
You will be charged a brokerage fee for each purchase, which is why it makes sense to make sure you’re investing a decent amount each time – say 1k or so – to avoid brokerage becoming too expensive relative to the size of your investment.
Hope that helps
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