Anonymous

03 Sep 2019

∙

General Investing

Advice needed on my current RSP for 2 years?

I'm 28 this year, and I have invested for 2 years with these but the returns are really little.

I'm RSPing into several plans now but I'm not sure if it's wise. Is it considered a form of diversification?

1) $600 to BCIP monthly onto OCBC
2) $200 to DBS RSP ABF bond
3) $200 to Philips units trust

Any advice will be appreciated!

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Gabriel Tham

03 Sep 2019

Tag Team Member at Kenichi Tag Team

What are your current returns and what kind of returns do you want?

If your BCIP $600 is just investing in OCBC shares, the price of OCBC has not seen much good times.

STI ETF also has not gone up very much, it's still bouncing around the same levels.

And what unit trusts are you investing in?

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Hariz Arthur Maloy

03 Sep 2019

Independent Financial Advisor at Promiseland Independent

Maybe you can start by giving us your current return and then your expected returns from your investment?

Also, your BCIP buys into which counters and your Philip UT buys into which funds?

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