When should I stop investing into Pearler micro?

Hey Brett, nice work getting started!

There’s nothing really wrong with continuing with micro if you like it and it works for you.

I’d guess most people do keep micro thing in the background and maybe use it for the round-ups feature etc. But eventually most people go for a normal ETF/shares portfolio due to having more funds to choose from, no ongoing account fees, and more flexibility to move providers without selling etc.

Dollar-cost averaging (DCA) is a robust strategy, particularly for new investors, as it helps mitigate the risk of market volatility by spreading out the investment over time. This approach can be especially effective with ETFs, as they provide diversified exposure to a range of assets, reducing the risk further.

Regarding your query about when to switch from micro-investing platforms to direct ETF investments, there are a few factors to consider:

1. Transaction Costs and Fees: Micro-investing platforms often charge fees that might be higher proportionally for small investments but could become less economical as your investment amount increases. Compare these fees with those associated with buying ETFs directly through a brokerage account. As your investment amount grows, the economies of scale might make direct ETF purchases more cost-effective.

2. Investment Control and Options: Direct investment in ETFs typically offers more control over your investment choices, such as specific ETFs not available on micro-investing platforms. If you find that the micro-investing platform limits your choice or doesn’t align with your investment goals as your portfolio grows, it might be time to consider switching.

3. Tax Considerations: Selling your micro-investments to transition to direct ETF shares will trigger capital gains tax if there are profits. It’s essential to weigh the tax impact against the potential benefits of switching. Sometimes, it might make sense to keep your existing micro-investments and start directing new investments into direct ETF shares to avoid the tax hit.

4. Investment Goals and Time Horizon: Your strategy might evolve based on changes in your financial goals or the economic landscape. Regularly reassess your investment approach to ensure it aligns with your current objectives and market conditions.

As for whether to continue with Pearler micro

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