This time round, Bob will be using a different brokerage for his portfolio. As you know, previously Bob’s transaction fees were on the high side, thus this resulted in reduced returns.

With the advent of more brokerages offering lower commissions, Bob had decided to switch over to them for his trades, as well as transferring the entirety of his portfolio (assumed free of charge).

Remaining brand-neutral and given the size of his trades, the assumed transaction fee per trade would be SGD 5.00 (for Singapore securities) or USD 5.00 (for U.S. securities). I understand actual fees may be lower, but I would keep it at that quantum.

Bob’s portfolio can be accessed here.