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Anonymous
Should I invest solely in RSP if I'm a low-medium risk taker?
Probably won’t be very good with high-risk investments.
Currently have a few k in RSP (under DBS, in Nikko) and a few k in SSB. Thinking if i should take out the money from SSB? Have been looking at Tiger/MM recently but saw some pretty bad Google reviews on them and am a lil concerned, or what else should I do with my money?
Some background:
Late twenties, decent emergency fund in high-interest savings acc (18mths worth), adequate insurance coverage, no dependants, but my fiancé and I are looking into buying our first home within the next 1 year
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Yes. SSB is waste of time. Return too low.
U can choose other brokerage if not comfortable with tiger 🐅 & MM🐄.
No need too concern about BTO. If bank loan, 5% downpayment. A $600k house downpayment=$30k. 2 person $15k each. The rest can use CPF. As long u have a job, no need to worry, installment pay by CPF, no need fork out cash as long your contribution is greater than your deduction. The most important thing is choose the house u can afford.
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Tan Choong Hwee
03 May 2021
Investor/Trader at Home
Tiger & MooMoo are mostly used by traders because of their low trading cost.
How do you intend to p...
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RSP in Nikko long-term wise is a no-go, just oo Robo-Advisor on medium-scale risk profile, dca regularly. that will do