Should I open a Cash Plus or Cash Management Account for POEMS if I have the following:?

<20k in savings
Mainly investing in REITs
Investing in dividends
In my 20s, will go to uni hence no income. The money will just be left there to grow.

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1M45

01 Nov 2020

Currently using POEM cash plus.

Cash plus you can buy the stock. 1st then paid 1-2day later. Coz is a margin account.

Cash management link to CDP. Need to deposit in $$$ then can buy.

i prefer Cash plus coz when market drop suddenly i can buy 1st. Coz deposit the $$$ into the account normally take 1 working day.

But if you are buying UT for dividend, sale charge is free.

i choose POEM coz i can DIY instead of depending on robo-adviser.

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Kok Hong

31 Oct 2020

Endowus cash smart

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YT

31 Oct 2020

If you know why you want it then you can go for it. But if you're rationale is to have a bit of ever...

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