Regarding BCIP, what are some of the available channel that is easy to start and navigate ? I only wish to invest when i have the available funds instead of $100 monthly? - Seedly
Seedly logo
Seedly logo
 

Stocks Discussion

OCBC

Regular Shares Savings Plans (RSS/RSP)

Anonymous

Asked on 27 Sep 2020

Regarding BCIP, what are some of the available channel that is easy to start and navigate ? I only wish to invest when i have the available funds instead of $100 monthly?

0 comments

2 answers

Answer Now

Answers (2)

Sort By

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).

0
👍
1
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post
Evelyn

Evelyn

Level 2. Rookie

Answered on 28 Sep 2020

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.

Referral code

Stashaway -

Sign up and get up to $10,000 SGD managed for free for 6 months! https://www.stashaway.sg/referrals/yeapminsjk5

Syfe - SRPRJJBAZ​​​

0
👍
0
Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post