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DBS

FSM One

Regular Shares Savings Plans (RSS/RSP)

Investments

Online Brokerages

ETF

Unit Trust

DBS Invest Saver vs FSMOne RSP for a beginner - which is better? Is it better to invest in ETFs or unit trusts?
I
Irfan
Level 3. Wonderkid
Updated 2h ago
Invest Saver has one of the lowest fees when it comes to RSP w no minimum fees. However it only has 4 ETFs which you can invest in. FSMOne has a miminum fee of SGD1 but offers a lot more ETFs, including overseas ones. If you intend to only invest in SG ETFs, go DBS - IS.
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SeedlyTV S2E07

OCBC Frank Account

DBS

Standard Chartered JumpStart Account

Savings

Savings Accounts

I currently have OCBC Frank, DBS eSaving, & SC Jumpstart account. Is OCBC Frank Account okay for savings?
Hi there, I think you should consolidate all your money in SCB Jumpstart account to make use of their 2% interest till end of this month which I have already done so last year! However, starting from 1 July onwards the interest will be cut into half. So please do it now! And you can also open a Singlife account which is at 2.5% interest , pretty high and solid too!
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DBS

Investments

COVID-19

Stocks Discussion

Online Brokerages

What is your opinion on DBS shares? Go or no go?
Wilson Nid A Break
Wilson Nid A Break
Level 8. Wizard
Answered 1d ago
Where's your analysis? know or dont know?
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DBS

ETF

Value Investing

Investments

Savings

STI ETF

Online Brokerages

Stocks Discussion

I have a low risk appetite, and just started investing on ETFs. With extra income this month, what else should I invest in?
Zi Shuen
Zi Shuen
Level 4. Prodigy
Answered 2w ago
Hi Shawn, in my opinion, all ETFs on DBS Invest Saver are on the low risk side. Other than STI ETF, you can also look into ABF Singapore Bond Index Fund and Nikko AM-StraitsTrading Asia ex Japan REIT ETF. However, the downside of those is that their return is relatively low. I'd actually suggest you create an account with FSMOne and use their regular savings plan (same as DBS Invest Saver, whereby you invest $x every month). FSMOne RSP have more varieties for you to choose from, and I'd personally recommend iShares Core S&P500 (IVV), Vanguard FTSE Emerging Markets (VWO), and Fidelity MSCI InfoTech (FTSE). Another option for you in POEMS Share Builder Plan (same, they're regular savings plan like DBS Invest Saver and FSMOne RSP). Here, you can buy REITs for dividends income (since you'd prefer low risk) such as Capital Land Mall Trust, Mapletree Commercial Trust, DBS and more. Robo-advisor such as StashAway, Syfe, MoneyOwl etc also provide you your own customized portfolio that cater to your preferred risk level. All the best for your investment journey, stay safe, stay healthy, and stay invested!
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Dividends

DBS

Stocks Discussion

DBS Vickers Securities

Online Brokerages

Investments

Has anyone received their DBS dividend? Used cash upfront option with Vickers but have yet to receive the dividend in my bank account?
Amanda
Amanda
Level 5. Genius
Answered 4d ago
I have recieved in on 26/5. Perhaps there are a few things you may want to checl: 1. Check the crediting account - you might have changed your bank account without updating it with CDP 2. Check the date that you purchase your DBS stocks. If it's after ex-dividend you will not be elligible.
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DBS

Savings Accounts

Savings

Payments

Is there any way to deposit cheques electronically?
Tay WenHao
Tay WenHao
Top Contributor

Top Contributor (May)

Level 7. Grand Master
Answered 4d ago
I doubt theres an electronic means cus the bank need to keep the cheque physically. But I think you can mail the cheque to the bank via singpost. That way you dont need to go down physically. You can call dbs hotline and ask them about it. If not, just wait for another week, after Circuit Breaker, the branch may open up alr.
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Investments

DBS

Stocks Discussion

How much is the optimal amount to invest into a single stock? $5k? $10k? How do I determine how much I should be putting into a single stock?
Tay WenHao
Tay WenHao
Top Contributor

Top Contributor (May)

Level 7. Grand Master
Answered 2w ago
Hi, as Dan L have mentioned, the best way is to optimise the sales charge and commision to the trading platform. For myself, I'm using DBS Vickers Cash Upfront. (Min sales charge $10). Thus average about 8k investment per trade will be optimal. The stocks will be held in CDP, central depository. Which means you can sell thru other brokers / platform I sell thru FSMone as the min sales charge is also $10. For DBS Vickers, sell min is $25.
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SeedlyTV S2E05

Stocks Discussion

Online Brokerages

Investments

DBS

OCBC

UOB

If you were to choose to invest in just one bank in Singapore now, which will you go for? DBS, OCBC or UOB?
Tay WenHao
Tay WenHao
Top Contributor

Top Contributor (May)

Level 7. Grand Master
Answered 3w ago
Personal preference, DBS. Mainly because its one of the 'biggest' bank in SG? All the older generations are still using POSB and are reluctant to change. They keep their savings (not a small amount) in a old school bank account with 0.05%. However, the bank can use it for loans, investment, etc to generate much higher returns. Just think about it, those high interest savings account is giving around 2% p.a. as compared to 0.05% p.a. The bank is pocketing the difference of 1.95% from those that are not keeping up with the market.
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Investments

OCBC

DBS

UOB

Stocks Discussion

Online Brokerages

What is the difference between the 3 Singapore banks? Which one should I invest in?
Wilson Nid A Break
Wilson Nid A Break
Level 8. Wizard
Answered 2w ago
Sama sama in their capitalization since all under the watchful eye of MAS, a real distinction could be made in their exposure to China/Hongkong loan books
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Loans

DBS

Education

Refinancing

Interest Rates

Since the interest rates are lower now, is there any way I can refinance my DBS student loan?
W
Will
Level 2. Rookie
Answered 2w ago
I reached out to DBS and was told that they do not allow for student loan refinancing. Hope that provides some clarity. Those that have lost their jobs due to COVID-19 may want to consider deferring their education loan payments.
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