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Max Soo

26 Jun 2021

∙

General Investing

I have a DBS Multiplier account and would like to use their Regular Savings Plan (RSP)to purchase funds/ETFs?

The DBS agent mentioned that we can only put in a constant amount of money every month. Is that fine? I was thinking of doing dollar cost averaging every month and put in different amount depending on the prices but RSP doesn't allow for this if I want to maximize my multiplier account. Is it still okay to go with a constant amount every month?

DBS/POSB Multiplier Account

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Victor

26 Jun 2021

Financial Service Consultant at AIA

There are better options like tiger fund

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Dhruv Arora

18 Sep 2019

Founder & Chief Executive Officer at Syfe

As Cedric mentioned, with dollar cost averaging, you avoid the risks of lump-sum investing since you invest smaller, consistent amounts during both good and bad market conditions. Over the long term, your returns average out to mirror the overall market performance.

A RSP is good if you want exposure to Singapore equities. But if you want a globally diversified ETF portfolio, you can consider digital wealth managers like Syfe. Syfe has no minimum investment amount and you get the freedom to decide how much to invest each month.

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Cedric Jamie Soh

13 Sep 2019

Director at Seniorcare.com.sg

Constant Dollar Amount is good for RSP.

Say prices go up, you buy fewer units with a fixed $200. Yo...

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Dear all. What are your thoughts on purchasing regular savings plan of individual shares only, like (dbs or Singtel shares) rather than RSP of STI ETF which is highly recommended on this platform?

For those who use accounts like the DBS multiplier, do you create separate savings and expenses accounts? If you do how do you maximise savings?

Should I buy ETF using DBS RSP or unit trust using Poems regular saving plan?

Hi Seedly fans! I have a question about the DBS multiplier investment category. I set up a regular savings plan with DBS and was wondering how long will my RSP count as an investment category?

Would my insurance saving plan - Manulife Ready Builder still take effects/continues on, if am not working? I have sign up for this plan when i open an Multiplier account with DBS two years back.

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