In General, Is it safe to do a monthly $500 DCA to 3 different accounts for 12 years then after that just focus on personal saving monthly and CPF life as a form of retirment planning?

3 different accounts may be a good idea for diversification I guess

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has your strategy changed since the last time you posted?

Hi anon,

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I would not do so. You are going to be charged the higher of 0.3% of the total transaction amount, or $5 per counter, whichever is higher - in this case, $15 dollars each month. That's 1% of your transaction cost.

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Instead, look towards identifying the right stock, and waiting for the right price. I would usually try to keep transactional costs to at most 0.5% of my transaction value, any more than that is in my view, pricey. That will require time and knowledge, but while you wait, you can accumulate the $1500 in a warchest.

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However, I also recommend diversifying, you can easily do $500 a month into 2 different UTs with no transactional costs, so that is an option for you. UTs allow you to diversify instantly. Then $500 a month can be channeled to a warchest for the right stock at the right price. And the last $500 can be used to get an annuity to hedge your risk and complement CPF life as part of your retirement planning.

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Given your situation of staying in a 4rm BTO, if you do not intend to upgrade, then you should comfortably pay off the loan before 55. Your OA and SA savings can then form another layer in your retirement income stream. So with CPF life, the annuity, dividend paying UTs, and dividend paying stocks rounding out the portfolio, you should be able to have a comfortable retirement.