Asked on 08 Nov 2018
Yes. You should create a CDP account. There is no fees or minimum trade requirement at all.
As for sell off ETF, as I do not see any context on this question, the general advice would be to sell when the current share price is higher than your purchase price.
There is no harm in creating a cdp account. However there are some slight difference in keep your shares with cdp vs custodian account. So pls do your own due dilligence.
I think there is no harm in creating a CDP account. You lose nothing, except for a bit of time which is used for application process. No charges nor minimum trades!
I think it boils down to the type of investment you are looking at. You can refer to this article here that lists the pros and cons of CDP vs Custodian: https://blog.seedly.sg/cdp-vs-custodian-account/
Moreover, there is no requirement for min trades with CDP and you can leave your account untouched with no charges! Therefore, I think you should open an account even if you have no use for it now because it will take approx 2-3 weeks for your application to be approved!
Yes u should just create a CDP account. There are no charges no maintain. You will need it in future, eg if u want to apply for public ipo or bonds, like the just past temasek bond offering or any other ipo thru ibank/atm.