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

Max Soo

26 Jun 2021

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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?

Discussion (7)

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Victor

26 Jun 2021

Financial Service Consultant at AIA

There are better options like tiger fund

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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