Advice on investing 20k per month

[shri]

I was thinking about opening a Sofi account just for fun (already have an interactive brokers account). Is Sofi a scam/ poor servicing though? They have many negative reviews on Google...

Probably aggressive marketing and poor delivery at times. In general they seem ok - Large in the US. HK is probably too small a market for them (given the demo they target) ..

[Andy SNK]

I was thinking about opening a Sofi account just for fun (already have an interactive brokers account). Is Sofi a scam/ poor servicing though? They have many negative reviews on Google...

Just remember your fun costs $30 per month

https://www.sofi.hk/faq/

[bobly]

try to avoid higher fees which eat into your gains. index funds /etfs are popular for a reason. this isn't to say that an investment advisor is never useful - they can be, but there's a lot of sad stories out there. buyer beware.

[Sith]

In case you want to go the IB route instead of Sofi and the likes (personally not a fan of those so called free trading platforms as you do pay for it one way or the other)
IB does have now what they call recurring investments. Not all ETF's are eligible as the stock has to be eligible for fraction trading. I checked a few and noticed that for example IWDA is on the list while SWRD and EIMI for example not.
Anyway if you would like to invest in IWDA (or other stocks that IB allows you to trade in fractions) then it is a great option as you can setup an automatic trade (daily/weekly/monthly/quarterly etc...) and forget about it. When you want to change the amount you like to trade or the day, you can just edit the trade setup.

Update on this. I just randomly checked if SWRD and EIMI would now be available for automatically recurrent investing and to my surprise it is. No more remembering, checking and manually trading.

[hk.main]

Update on this. I just randomly checked if SWRD and EIMI would now be available for automatically recurrent investing and to my surprise it is. No more remembering, checking and manually trading.

Thanks a lot for the update.