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
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Anonymous

Posted 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?

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18 answers

Discussion (18)

Daryl Liao, Fti

Daryl Liao, Fti

Level 12. Master

Posted on 22 Dec 2019

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

Post

Bjorn Ng

Bjorn Ng

Level 15. Grandmaster

Posted 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

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Katrina Ch'ng

Katrina Ch'ng

Level 2. Freshie

Posted on 20 Mar 2021

If you are below 30 years old is only, it's only Flat rate of 0.88% of the total investment amount. ...

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