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Anyone has any opinion on ocbc blue chip investment plan?

Recently I came across OCBC blue chips investment plan while I was browsing through for some ways to have passive income via monthly contributions of 200 per mth. However, I'm not sure if it is a good idea to start with ocbc blue chips investment plan. It allows choose counter like dbs, capitaland, keppel. Would it be wiser to manually buy or thru this kind of method if each purchase is small? Looking at a 5 yr horizon

Discussion (8)

What are your thoughts?

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  • Dividend investing is a long term commitment. 5 year is not enough to generate significant income.
  • i.e if you have invested $12000 over 5 years, if the dividend yield is 4%,your income is only $480 a year, sg stock is pretty flat may not have much capital gain.
  • I would only recommend dividend investing if you have a horizon of 20-30 years, then your passive income will be monster, or you have large capital (millions $$).
  • if your time horizon is just 5 years i will go for capital appreciation, US stock. But of course, US market will swing more wildly, must be mentally prepared.
  • but if u still want to generate passive income, i would suggest Poem, using dividend paying unit trust. Free transaction, 0 sale charge and 0 switching cost.

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If the amount of investment is small, such method is better as the commission paid is lower in terms of percentage to your total investment per month.

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However, my suggestion is to explore others like DBS invest saver, FSM RSP, POEMS smart portfolio, etc.

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Their expense might be lower. IBKR might have similar but I have not tried that platform and there are people who say it's fees are cheap.

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