facebookOCBC Frank allows $100 investment a month for bluechip through them but there is a monthly fee of $5 . If i invest $100/month, I will make a lost by the end of the year. Is this common? Should I put in more going forward if not what should I do? - Seedly
Seedly logo
Seedly logo
 

Anonymous

Asked on 17 May 2019

OCBC Frank allows $100 investment a month for bluechip through them but there is a monthly fee of $5 . If i invest $100/month, I will make a lost by the end of the year. Is this common? Should I put in more going forward if not what should I do?

0 comments

13 answers

Answer Now

Answers (13)

It doesnt make numbers sense to do it. 5% loss every month.

Why not save up and do a Dollar cost average every quarter or half yearly?

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Bjorn Ng

Bjorn Ng

Level 9. God of Wisdom

Answered on 16 Dec 2019

Before you even invest, you are already losing 5%/month. By the end of 1 year, you would have lost 60/1000 = 6% nett, which is not feasible considering that STI ETF gives about 3% pa and REITs (the safer ones per say) gives about 4-5% pa. You are literally losing $ every single year.

2 options, is of course to invest more every month, or you can take a look at POSB InvestSaver. If I am not wrong, the sales fee is only 0.82% for POSB. That is way more feasible even at $100/month investment. You can read more about it here: https://www.posb.com.sg/personal/investments/other-investments/invest-saver

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

If you can only afford $100/month, then might as well avoid this scheme. Just because a scheme is ou...

Read 11 other answers with a Seedly account

You will also enjoy exclusive benefits and get access to members only features.

Continue with Facebook
Sign in with Apple

Sign up or login with an email here