Almost three years ago I wrote about the experience of my friend who dollar cost average $1000 per month into the STI ETF (Exchange traded fund) , 2 months before the market top and how his returns have been. You can read it here. I revisit the article a year ago, you can read that here.
The last time round, I use XIRR to calculate the rate of return per year of the cash inflows and the cash outflows received over time to be 4.95%.
Since a year ago, markets have not moved any where perhaps since 2010 for 5 years. We are still below the highest point reached.
Assuming the cost is 0.25% for commission if you use Standard Chartered Online Trading no minimum commission, the number of units collected in this 7 years 10 months have been 31981 units. The average cost of your units is ......