facebookAnyone has tried POSB Invest Saver? What are your views on it so far? - Seedly

Anonymous

24 Feb 2021

Saving Hacks

Anyone has tried POSB Invest Saver? What are your views on it so far?

Hello! I am interested to start investing and I am in the midst of reading up various articles online. It is overwhelming at times especially with the jargon but I am perservering haha. The Regular Savings Plan by POSB Invest Saver caught my eye but I am still trying to understand the mechanics of it better. By setting aside $100/mth, how would I know when to sell or buy? How long do I invest in it? Sorry if these are noob questions but I am trying to make sense of this new world. Thank you!

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Discussion (3)

You'll give a standing order (fixed set of instruction) to the bank to invest $100 monthly. The bank will then handle the buying for you (you can buy on your own through internet banking, but we shall not dabble there). You'll then invest in the ETF (whichever you've chosen) perpetually until one day you need the money (buy car/house/etc).

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