facebookIs it worth to invest RSP in different ETF in small amount in FSM, and feed the service charge every month? - Seedly

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Anonymous

11 Jul 2020

General Investing

Is it worth to invest RSP in different ETF in small amount in FSM, and feed the service charge every month?

Just want to ask if anyone know or do the calculation , for example if I put 5 RSP, every RSP monthly sgd50 , but the minimum charge for each RSP is 0.08% or sgd1 , which mean 2% service charge. Is it still worth to put in this way ? Or should I just sum the money and focus on 1 etf index only ?

If what I choose matter, then below is my choice,

Vanguard sp500
Hanseng China
STC REIT
Barclay USD Asia
Sti etf nikko

Thank you for answering my question patiently. Don't bash me

Discussion (1)

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Tan Wei Ming

11 Jul 2020

Founder and Writer at Frugal Youth Invests

Cost wise I think it is expensive to do so. When doing passive investing with ETF, we really want to reduce our cost as much as possible.

Instead, you might want to look at VT instead that covers global stocks.

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