I have been contemplating to put aside a fixed quantum of amount every month to form part of my DCA (Dollar Cost Averaging) Investment portfolio. Finally, I've made the move and selected one of the blue chip, Singtel (Z74) as my first DCA counter.
Managed to get 300 shares @ $3.90 yesterday and my plan to investment 300 shares per month on on-going basis.
In order to have full control and flexibility of my DCA transactions, I've chosen to purchase the shares directly from the market (via POEMS, they are still having their promotional 10 bucks commission [till end of the year] for transaction less than 1,000 shares) instead of through the DCA plan with Maybank, OCBC or POEM (Shares Builder Plan).
Some of you might be curious as to why I didn't choose the EFT for DCA instead?
There are a couple of reason actually : ......