Hi! I’m turning 21 this year, and I am planning to start some form of investment. I was wondering if I could get some advice on some of the more popular RSPs! - Seedly

Investments

Regular Shares Savings Plans (RSS)

Savings

Asked by Anonymous

Asked on 28 Apr 2019

Hi! I’m turning 21 this year, and I am planning to start some form of investment. I was wondering if I could get some advice on some of the more popular RSPs!

Of course, this is after taking into consideration that I’ll definitely still have to do my own research, as well as set aside an emergency fund! Any advice would be much appreciated, thank you!

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Consider maybank ke. It has the widest range of stocks you can buy into on a monthly basis. Offers not just stocks here but also those in Thailand, Malaysia and US. Minimum of 100 a month to start and fees are 1%. Been using it for a couple of years and it's a great platform.

As with any investment, doing your own due diligence is needed.

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Tay WenHao
Tay WenHao

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Level 4. Prodigy
Answered on 28 Apr 2019

Hey. As what Jansen have mentioned, you can go for POSB RSP.

I started with NIKKO AM STI ETF. So far its quite stable with a returns of about 3% dividend.

Another viable option is OCBC Blue chip investment program. You can look into stable blue chip investments such as Banks, Telco, REITS/Properties such as capitaland. All these are quite stable.

However for OCBC BCIP the downside is the charges which is min $5. So its only advisable if your monthly contribution is significant enough to cover the charges.

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Jansen Ng
Jansen Ng

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Level 4. Prodigy
Answered on 28 Apr 2019

The easiest and probably the most common to start with is STI ETF. You can sign up for it easily through a POSB/DBS Atm or online for like 5mins and you dont have to worry about anything thereafter. https://www.dbs.com.sg/personal/investments/investing-in-funds/invest-saver

Following next would be like roboadvisors, such as robowealth or Stashaway or others, where the platform will be able to adjust your portfolio on your selected risk options.

https://blog.seedly.sg/singapore-robo-advisor-investment-comparison/

Or u can manually select your ETFs to RSP by creating your own brokerage accounts

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