Asked on 17 May 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
If you can only afford $100/month, then might as well avoid this scheme. Just because a scheme is ou...
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