Anonymous

24 Oct 2021

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General Investing

Should i buy sgx bank shares using SRS via DBS, OCBC or UOB?

I saw there are min. fee involved when buying shares using SRS ($25 for OCBC and DBS), so I likewise also incur $25 when I sell?

Saw recommendation on seedly abt DBS vickers cash upfront - can i use SRS here to get the $10 minimum fee & 0.08% instead?

Thank you.

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Wrong Sean

24 Oct 2021

https://www.dbs.com.sg/vickers/en/resources/faq...

I don’t think you can use SRS funds for the cash upfront account.

For the brokerages you mentioned, the commission is per transaction. Yes so when you sell, you incur the commission of $25. Same as when you buy.

There are other options that you can consider if you want to buy local bank stocks through SRS. I believe POEMs and FSMOne do allow SRS trading.

https://www.poems.com.sg/products/supplementary...

https://www.fundsupermart.com/fsm/advice-servic...

Alternatively there are robo-advisors that can help invest SRS funds on your behalf too.

https://www.stashaway.sg/supplementary-retireme...

https://endowus.com/srs-supplementary-retiremen...

https://www.moneyowl.com.sg/articles/all-you-ne...

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