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Aaron Zheng

26 Feb 2020

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What is the difference between investing under OCBC BCIP and SGX?

Hi all,

Recently looking to invest in stocks such as DBS/UOB (still considering). However, I was wondering what is the difference upon investing these 2 platforms. Considering that I am not putting under RSP, which platform is recommended between these 2?

As I am still studying in Polytechnic, I chanced upon OCBC'S flat 0.88% charges, but not sure how does SGX charge structure works. Is OCBC better for me?

Also SGX requires a minimum of 0.1 lot, does OCBC have such a requirement?

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Rais M

26 Feb 2020

Accountant at SME

With OCBC BCIP, you are investing on a dollar cost averaging monthly basis at low fees. You have limited stocks to choose from and your stocks are held by OCBC as a custodian.

With SGX, you will own the shares through your CDP account and has selections to all shared within SGX. You can choose to do dollar cost averaging too, but the fees are higher and it is recommended to do lump sum investing here instead.

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1st time investment with capital $10k, with OCBC bluechip investment per month ($500) & considering stocks investment. What's the difference if buy bluechip via OCBC Securities as a stock?

Anyone with non-OCBC SRS accounts able to invest in OCBC bank's BCIP (Blue Chip Investment Plan)?

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