Savings with DBS, STI ETF with DBS, and soon investing with DBS Vickers also? But am I risking it since it's not diversified? Maybe I should invest with other brokerage in case anything happen to DBS? - Seedly
Seedly logo
Seedly logo
 

Investments

DBS Vickers Securities

STI ETF

Anonymous

Asked on 11 Apr 2019

Savings with DBS, STI ETF with DBS, and soon investing with DBS Vickers also? But am I risking it since it's not diversified? Maybe I should invest with other brokerage in case anything happen to DBS?

0 comments

1 answer

Answer Now

Answers (1)

Sort By

Gabriel Tham
Gabriel Tham, Kenichi Tag Team Member at Tag Team
Level 9. God of Wisdom
Answered on 11 Apr 2019

SDIC protects up to $75k in deposits, so savings should be safe. If more than $75k and you are worried then put extra into other bank savings.

As for vickers, if you linked to CDP then your singapore shares will be protected under CDP not DBS.

STI ETF from DBS invest saver is held in custodian under your account name.

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

Related Products

$25
MINIMUM FEE
0.18% to 0.28%
TRADING FEES
CDP
STOCK HOLDING TYPE

Related Questions

Hi, Im 22 and have around $5k that I would like to invest. Currently have a DBS Vickers account and looking to invest long-term. Should I start with STI ETF (ES3), or Lion Phillip S-REIT ETF (CLR)?
I am currently in uni and have started investing in STI ETF and roboadvisors, what other areas should i invest in or should i just stick with these 2 forms of investments?
I have my savings in POSB, invest STI ETF with DBS & I plan investing inS&P 500 with DBS Vickers. If DBS goes kapoot, does it mean all my investment, savings will be at risk?
I am 25 with a $20K budget. just started investing because of COVID and have put $10K in OCBC, DBS and Capitaland mall trust. How should I to invest in the other $10K to diversify?
I am self-employed and I do not have a regular income. My savings are drying up due to COVID-19 but I have invested about $10k in stocks previously. I know it's a bad time but should I sell my stocks?