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
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Regular Shares Savings Plans (RSS)

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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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Hi Anon,

The first step of your investment journey would be to read up and understand what investing is. Although there are so many financial advisors out there who can help you with this, I'd suggest that you go for a robo-advisory platform to do the job of assessing your current financial position and recommend a portfolio strategy after reviewing your risk profile. As for the "catch", I would say that Robo-advisors are still not very different from your ordinary financial advisors as both options will still have a management fee incurred for users. The difference lies with the amount, as Robo-advisors have lower management fees.

I work at Kristal.AI, and my mojo is to help people make the right financial decisions. If you think I helped you, do give me "Thumbs up". If you think my response was biased let me know, I will work on it.

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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

Level 7. Grand Master

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

Level 5. Genius

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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When You're ready to do Your own research,

You could easily mange everything without

any RSP all by Yourself.

Yu could read this primer, particularly to read what not to do:

https://seedly.sg/questions/what-is-your-general-investing-philosophy-strategy

And then there are two excellent books, maybe being the only 2 books

You need to read ever on investing:

Burton G. Malkiel: A Random Walk Down Wall Street

https://1lib.eu/book/5565916/3dc865

and even better (You could use Google Translate)

Gerd Kommer: Souverän investieren mit Indexfonds und ETFs: Wie Privatanleger das Spiel gegen die Finanzbranche gewinnen

https://1lib.eu/book/2657535/1e35cb

But think for Yourself and avoid the following recommendations of both authors:

index funds (stay with passive indexing ETFs instead), commodities, emerging markets, single stocks.

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Zheng Minghui

Zheng Minghui

Level 3. Wonderkid

Answered on 28 May 2020

Have you considered investing with StashAway? It's a robo-adviser that also allows for monthly deposits like a RSP, plus it invests in overseas assets allowing you to diversify your investments further.

Sign up with my link and we'll both get up to $10,000 SGD managed for free for 6 months! https://www.stashaway.sg/referrals/zhengm6zx4

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Davin

Davin

Level 7. Grand Master

Answered on 09 Mar 2020

Some of the low cost RSP you can consider are STI ETF (DBS or FSMOne), MBH (FSMOne), VT (FSMOne), IVV (FSMOne). These are the brokers that im using and they are quite good as the transaction cost is low.

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MT2020

MT2020

Level 7. Grand Master

Answered on 08 Mar 2020

The more popular funds are the spdr sti etf or nikko am sti etf. Both invest in the straits times index which consist of the 30 largest companies in Singapore.

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Brian

Brian

Level 4. Prodigy

Answered on 08 Nov 2019

Hi Anon,

I think definitely you can start with STI ETF as the most popular form of RSP. There are 2 RSPs available for the STI ETF: SPDR STI ETF and Nikko AM STI ETF. Comparing across ETFs, their main function is to track the index and you can evaluate their performance through the tracking error that they have incurred (the lower the error the better). On the other hand, you definitely want to consider the avenue through which you invest in the STI ETF because SPDR or Nikko AM is not available on all investible platforms. That said, do consider the fees that these platforms (not talkingabout SPDR/Nikko but the banks that you use) in relation to your monthly investment account because you definitely do not want to seem like you are enjoying the benefits but at the same time being undercut by transaction fees :(

Something worth considering too is S-REITS ETF (although I wouldn't know if that will complement your current investment portfolio well).

https://solutions.kristal.ai/seedlypost

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