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Anonymous

10 Aug 2020

∙

General Investing

What happen if i stop FSMone RSP? I plan to invest $2000 in an US ETF per month for 4 months. Total investment amt will be $8K then i will stop RSP. Is that allowed? Or must I consistently put in money every month?

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Ling Jit Thong

10 Aug 2020

Dentistry at NUS

You can stop your RSP anytime before 6th of every month. However, I will recommend against putting 2000 every month for 4 months as you wouldn't take advantage of DCA. Especially now that S&P500 is at it's peak, it's better to space our your monthly contributions. Just my 2 cents!

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Related Posts

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Hi, I’m a beginner investor. I still do not understand the concept of ETF and how much money should I put in every month. Is it a must to put money every month?

My insurance agent keeps selling me investment plans, one of the investment plans was how I could 9x my money in 15 years, if I just put in $1k every month. Is this even a plan that is possible?

Any recommended Hong Kong ETFs? If I were to RSP into US listed ETF, how much is a good amount to invest per month? Many thanks!?

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