facebookHELP!? Lately, I started OCBC Robo, POEMS DCA, FSMONE managed Portfolio and some ILP investment. I not sure if I'm doing it right? - Seedly

Anonymous

17 Dec 2020

โˆ™

General Investing

HELP!? Lately, I started OCBC Robo, POEMS DCA, FSMONE managed Portfolio and some ILP investment. I not sure if I'm doing it right?

Am I doing it right?

Discussion (6)

What are your thoughts?

Learn how to style your text

Jiayee

17 Dec 2020

Salaryman at some company

  1. Nuke the ILP.

  2. You may want to compare fees across platforms.

  3. If DCA-ing, check if there are any min fees eating into your DCA amount.

View 1 replies

No don't do it, avoid ILPs at all cost. Super high fees and many layers of fees within. Everyone in the pipeline gets a cut from you, and you are the goat at the bottom getting slaughtered by fees. Fees are critical as it reduces your returns significantly

View 1 replies

OPINON:

Wow, lot of thing going on:

ILP defintely wrong. As discussed in the forum, many time. It ...

Write your thoughts