facebookWhat 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? - Seedly

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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?

Discussion (1)

What are your thoughts?

Jit Thong Ling

Jit Thong Ling

10 Aug 2020

Level 5·Financial Consultant at finexis Advisory

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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