Alcander Seow
Environmental Engineer Minor in Business at Nanyang Technological University
How does the DBS vicker young investor account work? Any saving tips?
Hi, I'm currently planning to start investing to build my portfolio & have a passive income. With that being said, does anyone know what & how the DBS Vicker Young investor account works? Currently, I'm trying to save $120/mth & invest $60 of it at the end of every mth.
What type of investments is suitable for a full-time student who is enlisting in a year time? My current goal is maintaining/saving $1000 by 21 and $3000 by 26, due to DBS and OCBC account minimal sum to maintain.
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Cedric Jamie Soh
24 Dec 2019
Director at Seniorcare.com.sg
DBS vicker offers lower commission for young investors, thats all.
Instead of investing $60 a mth, why not pool it for $180 per quarter to cut down on the minimum commission rate.
Alternative, go look for POSB Invest Saver (lowest commission for regular monthly investing) or robo advisers (perhaps later when your sum is higher)
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The DBS Vickers Young Investors program is for people 18 to 20 years old, and has lower commission. I would recommend you to look for an alternative monthly investing account instead, which has a pretty low minimum amount per month.
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DBS Vickers Young Investor - its a normal brokerage account marketed to young people. I don't see any cheaper rates so I just assume it comes with some free resources. You might want to consider SCB for the cheaper rates instead
With the current amount you have you can try the Posb invest saver as others have mentioned while you build your capital through side hustles.
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Bjorn Ng
23 Dec 2019
Business Analyst at 10x Capital
Hey there,
I would recommend you to take a look at POSB Invest Saver. You can invest in STI ETF or...
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