Im thinking of consolidating my POSB Invest Saver $400 and OCBC BCIP $500 into 1 RSP to minimise charges. Should I park it under FSMOne given its low fees? Should i invest in 2/3 ETFs or just 1?

Hi Anon,

This would definitely be a plausible solution to simplify your investments + save fees, I believe FSMOne has one of the lowest fees for RSP!

I think it's also important to consider why you want to continue with RSP on top of your SA/Syfe portfolios. Are you doing so in an attempt to diversify your investments? Or do you just want to spread out your investments over different platforms? Personally, I feel that the former should be the main reason and the latter is not really necessary.

If you're using your RSP to diversify your overall investment portfolio aside from your SA/Syfe portfolios, then you should probably consider ETFs that are underweighted in both portfolios. This would differ depending on the exact portfolios you own, but in general, this includes a) small cap, 2) emerging markets, and 3) China markets. So it might be a good idea to RSP into ETFs that can add this exposure to your portfolio. Do your due diligence regarding these ETFs and consider whether you want to take on the risks, then you can decide how many ETFs you should RSP into.

Hope this helps & all the best!

Regards,

thefrugalstudent​​​