Regular Shares Savings Plans (RSS/RSP)
Asked on 27 Sep 2020
The potential issue with investing only when you have the available funds is inadvertently timing the market.
You could go with a roboadvisor with no minimum investment requirement. This way, you can invest a smaller sum on a regular basis (e.g. $50).
The other way is to save up a sizeable amount first, then investing it at one go (lump sum). This method allows you to have more choices on what you want to invest in (equities, funds, bonds, etc).
I used to invest in Blue Chip Investment Plan but not anymore. I now put my investment funds into Robo-advisor like Stashaway, Syfe, every pay day and whenever I have extra cash that I did not spend.
I like how there is no minimum investment requirement and I can choose to put in any amount for investment. Dollar-cost averaging (DCA) works for me and I am less afraid to invest. These roboadvisor also allow you to determine your risk appetite and they will do the % allocation of bonds, equity, commodities, REITs etc for your investment portfolio.
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Syfe - SRPRJJBAZ