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Just saw the OCBC RSP for this and wonder if it's a good way to invest into the S&P 500 other than going through CSPX from IBKR?
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It has an Annual Management Fee (AMF) of 0.475% p.a.
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The management fee seems on the high side. There should also be additional transaction fee etc by ocbc.
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I believe there are similar funds in s&p with lower management fee and no other fees.
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I usually don't go for banks RSP because the transaction fee each time is high. Try researching on robo-advisor or similar tools.
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Annual management fee includes the sales charge?
actually 0.475% already low compared to OCBC usual...
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Ocbc fees and charges is 0.88% of total amount and once reach 30 years old & above, its 0.3% of total amount or min $5 per counter
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depends how much you are investing to make these fees worth, but i believe there are cheaper alternatives out there considering a long run