(US) Dollar Cost Average Please
A Dollar-Cost Averaging strategy might be something you want to consider what with a bull market on the horizon. It typically yields better results than market timing and consistency matters more than scoring stocks at a discount because both bull markets and bear markets present opportunities.
If you are not sure on trading stocks, how about ETFs?
Trade ETFs in a whole units or in smaller slices from 0.01 (buy) or 0.0001 (sell) and pay a super low brokerage from RM1 to RM100.
Here are the top 3 traded ETFs by RakuRangers in fractional shares.
1. SPDR S&P 500 ETF Trust (SPY): USD412.61 (+1.84%) or in a fraction USD4.12 (RM18.29) (0.01 units).
2. Vanguard S&P 500 ETF (VOO): USD379.05 (+1.85%) or in a fraction USD3.79 (RM16.82) (0.01 units).
3. SCHWAB US DIVIDEND EQUITY ETF (SCHD): USD70.94 (+1.60%) or in a fraction USD0.70 (RM3.1) (0.01 units).
Stock price taken at closing on 5 May, exchange rate estimates taken as of 8 May.
