Re=bel
Hi everyone,
This question has probably been asked before, but I thought I'd ask anyway to get some fresh opinions and hear about your personal experiences.
I'm new to investing in ETF ( MSCI World ACWI) and I use Re=Bel from Belfius as broker.
I have a question because, unlike some other brokers, Re=Bel doesn't allow automatic monthly ETF purchases. This means I have to place each order manually, and I pay brokerage fees every time I buy.
I have a budget of €200 per month to invest for the long term.
In your opinion, what's the better strategy?
Invest €200 every month and pay the brokerage fee with each order.
OR
Set aside €200 each month and invest €600 every three months to reduce brokerage fees.
Which strategy do you personally use, and why? Do you think the savings on fees outweigh the fact that part of the money stays uninvested for a few months?
I also have another question: when placing your orders on Re=Bel (or any other broker), do you usually use limit orders or market orders? Why do you prefer one over the other? Have you noticed any real difference in practice?
Thanks in advance for sharing your experience and advice!