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Anonymous

29 Mar 2021

∙

General Investing

What if I have a one time big sum of amount to purchase on top of my RSP for FSMOne?

Sorry, noob here.. I’ve applied RSP at FSM but what if I have a 1 time big sum of amount to purchase also on top of my RSP. I have to purchase the ETFs directly as per normal? How about the charges?

Or can I edit my RSP for e.g this month to a higher amount and then once transacted then I edit it back to my usual RSP amount? Thank you..

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Tan Wei Ming

29 Mar 2021

Founder and Writer at Frugal Youth Invests

You can edit the investable amount before the 8th, also you can invest the big sum of amount in their normal trading platform.

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Terence Tan

28 Mar 2021

Financial Services Consultant at Manulife Financial Advisors

Hi

deposit it into FSMOne Cash account, then earn that little bit of interest. Then increase your RSP amount, and research for other funds etc to RSP into (diversify)

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Related Posts

How did you manage to deposit $130000? Did you do it in one lump sum or over time. If so over how much a span of time and how often do you top up?

How is FSMOne able to do RSP min. amount of $50 for VOO ETF? Do they do something similar to purchasing fractional shares on our behalf?

I have 2 Life Insurance, Sum. A: 100k, SV: 20k, Premium 60/mth & Sum. A: 60k, SV:20k, Premium 40/mth.Graduating in 2 years time, uni debt 23k. Should I surrender one life policy to pay for the university fees? Or should I pay with lump sum cash. ?

How does purchasing US exchange-listed ETFs (RSP) from FSMone affect my earnings? Planning to purchase KURE / CQQQ which is listed on NYSE. Any advice?

Have a lump sum of 100k to invest. Should I invest lump sum or DCA? And how to decide the amount to invest each time in order to minimise brokerage fee?

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