DBS vs FSMOne RSP, which is better?
I'm currently investing $300/month in Nikko AM STI ETF via DBS's Regular Savings Plan. This fulfils one of the categories in the DBS Multiplier but I'm already on 10/12 months of validity. I'm thinking of switching to FSMOne RSP and invest $300/month in SPDR STI ETF.
My question is: Should I stop the DBS RSP and hold whatever I have for the next10-15 years then sell it? Or I should continue with DBS RSP, together with FSMOne (i.e. invest in both DBS and FSMOne RSPs)?
Thanks!
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I remembered FSM has high fees for rsp program. which is why i went with dbs also.
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Alvin Teo
22 Feb 2020
Aviva Relationship Consultant at Aviva Affinity Channel
Technically you can leave it in DBS for 10-15 years. But current sentiments is that our own economy ...
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If you are planning to use Nikko AM STI ETF to fulfill the investment criteria for your DBS Multiplier subsequently, then you will need to sell off all the holdings and wait 6 months. Otherwise, there is no need to sell off your STI ETF in DBS.
Go with FSMOne if you are cost conscious, or maintain your DBS RSP if you want your holdings to be in a single platform.