Hi guys Long story short in a country I am currently living I can only invest into brokerage account sending swift transaction which costs around 25$ for the amount I am transferring (800$)
I started this journey quite recently and initially my plan was to do it on a monthly basis, after getting the paycheck. But now I am wondering should I transfer combined money once in 2 months or maybe in 3 month? Obviously now I'm paying 3% and if doing once in 2 month it will be 1.5, once in 3 - 1% etc. My problem with this is that everyone I know/listen to invest at least monthly, sometimes weekly.
What would you suggest and how to calculate the cost of investing once in 3m (the lost opportunity cost of not letting your money sit in your account for 1-2-3months)?
Thanks
Submitted June 10, 2024 at 03:47AM by GuyNoRitchie https://ift.tt/tYKF4vO
