Sharmila William

20 Jun 2020

∙

General Investing

I’m on POSB RSP. I want to withdraw the money but continue with the savings. How do I do that? Can I withdraw part of it? Should I withdraw or leave it?

5

Discussion (5)

What are your thoughts?

Learn how to style your text

Gabriel

20 Jun 2020

Undergraduate at National University of Singapore

Hey Sharmila, you may refer to the link below on how to redeem/withdraw your holdings partially. In my opinion, unless you really need the money, you shouldn't withdraw it. In the first place, you shouldn't be investing money which you will need in the short run.

Only withdraw if you've reached your goal and want to lock in the profits or found another better performing investment vehicle.

https://www.dbs.com.sg/ibanking/help/redeem-uni...

Reply

Save

View 4 replies

Write your thoughts

Related Posts

I’m a year 2 University student and I’ve $30k savings. I really want to invest the money instead of leaving them in the bank however I’m overwhelmed with school. Any advice?

I'm a student & working part time. I try to save 20% of pay each month. Is scb jumpstart a good account to credit my salary and for savings? Is it easy to transfer to other bank accounts such as POSB?

I want to save $100,000 before age 30, but I'm also worried that my money is left idling in banks with the dropping interest rates. Any thoughts?

The regular savings plan option to fulfil the category of investment for DBS multiplier last for only 12months. What should I do after if I want to continue with an RSP?

I started my investment journey recently by DCA into STI ETF. I’m seeing positive returns in my account as the index is currently on the rise. Should I continue or withdraw to put the money into Robo?

Related Posts

I’m a year 2 University student and I’ve $30k savings. I really want to invest the money instead of leaving them in the bank however I’m overwhelmed with school. Any advice?

I'm a student & working part time. I try to save 20% of pay each month. Is scb jumpstart a good account to credit my salary and for savings? Is it easy to transfer to other bank accounts such as POSB?

I want to save $100,000 before age 30, but I'm also worried that my money is left idling in banks with the dropping interest rates. Any thoughts?

The regular savings plan option to fulfil the category of investment for DBS multiplier last for only 12months. What should I do after if I want to continue with an RSP?

I started my investment journey recently by DCA into STI ETF. I’m seeing positive returns in my account as the index is currently on the rise. Should I continue or withdraw to put the money into Robo?