facebookAs a person with little to minimum investment knowledge and investing capital; with goal to earn passive income? - Seedly

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Anonymous

25 Nov 2019

βˆ™

General Investing

As a person with little to minimum investment knowledge and investing capital; with goal to earn passive income?

Would POSB invest saver and/or OCBC BCIP suitable for me?
Which would be better?
Aside to their admin fee and counters offering; what other factors should I look out for a decision making?

Discussion (5)

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Summary: 1.investing $100-$500 per month use posb

2.investing $500-$1000 per month use OCBC @3%,min $5 o@1%,min $5

3.investing $1000-$3332 per month use OCBC @0.3% ,min $5

4.investing $1000-$5000 per month Use standard chartered,@0.2, min 10

For monthly purchase of A35, there are only two options, standard chartered and posb

1.below 1k,use posb invest saver 2.above 1k,use standard chartered @0.2%,min $10

you can also read more about my posb invest saver updates at my blog :https://sonicericsg.blogspot.com/2019/03/post-8...

or if you need a guide on how to set up posb invest saver:https://sonicericsg.blogspot.com/2019/03/post-8...

Do note that posb invest saver only has sti ETF and abf bond,ocbc may be the choice for you if you are looking to dca into blue chips too

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Hariz Arthur Maloy

07 Jun 2019

Independent Financial Advisor at Promiseland Independent

If you have little investment knowledge, you may not want to be picking your own investment products. Why not pay for some advice on building a portfolio by hiring a traditional or digital Financial Advisor?

You'll have immediate access to a globally diversified portfolio that matches your risk profile.

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