Should I invest $100 per month in Blue Chip/Regular Savings Plan?

If you are only willing/able to contribute $100 per month, might as well go top up your CPF SA, no transacations fees and get tax relief​​​

These kind of plans works best for people who hold a long term view of the underlying counters and want to average in slowly.

Personally is a good way to start investing. OCBC blue chip plan buys into a particular stock you choose. DBS regular savers plan buys into a fund or a group of funds you choose.

Should buy only if you believe the underlying will continue to grow from now until you want to terminate the plan. could be 1, 3, 5, 10, 20 years or longer. Good thing about these plans is there is no lock in period and can start with low capital.

Sell only when you reach your goal, or the underlying counters fundamentals and outlook changed until it is not wise to continue holding. (Note that I did not say when price drops). When you are a long term investor and using regular savings plan, you should be happy when price drop so you can buy more with the same $100.

No need to keep track everyday. the banks will send you statement every month. But review regularly like once or twice a year to see if the investment still makes sense or you like to adjust the monthly amount.

Finally, as you have just started investing, you must learn to control your greed and fear. There will be times when your ear will go soft when you hear of people making 100%, 1000% after learning from a certain guru, after getting a hot tip, can get passive income etc etc. Personally, avoid them at all costs.

Hope this helps, and continue to learn.​​​