Regular Shares Savings Plans (RSS)
Asked by Anonymous
Asked on 28 Apr 2019
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!
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.
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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.
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.
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.
Or u can manually select your ETFs to RSP by creating your own brokerage accounts
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