I was hoping someone could give me some ideas on what to do.
Basically I am building capital (10% of my wage into an investment account weekly) and I have picked up from this forum that brokerage fees would eat into a trading account under 30k.
What should I do with my building capital until I hit a sum large enough to trade? I want to trade using a momentum strategy.
I thought of buying government bonds but again the brokerage fees make it not worthwhile.
The only thing I can think of is putting the money into term deposits but they don't pay much under 5k deposits.
Anybody got any ideas?
I have only just started to build my capital as well so only at 2k.
Thanks for any insights.