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

FSMOne Fundsupermart

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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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If FSM RSP doesn’t have the ETFs I’d like to invest such as ARKK, ARKG will it still be worth to deposit $1k monthly into FSM?

Planning to invest $200 monthly using POEMS ($6 sale charge). Do you think this is worth it or I should wait until I can invest a larger amount monthly etc $400 a month since it’s the same $6 charge?

What happen if i stop FSMone RSP? I plan to invest $2000 in an US ETF per month for 4 months. Total investment amt will be $8K then i will stop RSP. Is that allowed? Or must I consistently put in money every month?

Can someone kindly enlighten me! DBS Invest saver charges 0.82% (per transaction) for investment to STI ETF. If I do a monthly DCA, does that mean my charges amount to 9.84% annually?

Any recommended Hong Kong ETFs? If I were to RSP into US listed ETF, how much is a good amount to invest per month? Many thanks!?