There seems to be a lot of hype surrounding RSP in Singapore now. Are there any downsides to Regular Shares Savings Plan? - Seedly
Seedly logo
Seedly logo
 

Regular Shares Savings Plans (RSS)

Investments

Online Brokerages

Anonymous

Asked on 14 Jan 2019

There seems to be a lot of hype surrounding RSP in Singapore now. Are there any downsides to Regular Shares Savings Plan?

0 comments

2 answers

Answer Now

Answers (2)

Sort By

Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered on 02 Sep 2019

If you have a large capital, the downside is market keeps moving up, and instead of a full lump sum, you are only dipping your toes.

But then, the other side is true too... if the market slides down monthly, you will be glad you doing RSP.

RSP will have more fees than a big lump sum now and then. I think if your RSP is $200 monthly and above, probably is fine.

If your RSP is $50, maybe instead of monthly, maybe combine and do quarterly?

0 comments

ūüĎć 0
Gabriel Tham
Gabriel Tham, Kenichi Tag Team Member at Tag Team
Level 9. God of Wisdom
Answered on 14 Jan 2019

Yes a few downside.

When u buy or sell your holdings, there might be delay. So if u want to cash out fast, there is some delay.

Extra fees for the RSP service.

0 comments

ūüĎć 0