Asked by Anonymous
Asked on 11 Nov 2019
Already have Nikko AM ETF and ABM ETF prior to opening my Multiplier account. Looking to invest in another counter to clock interest for new Multiplier account. Thanks!!
I am in the same situation as you but I have already jumped in the bandwagon.. The transaction starts 15th of every month I won't know the impact.I decided to do it because I am OK with the risk and since it is valid for 1 year only.
Based on the advise you got, I would recommend you to wait and see if it is worth it.. Maybe if I remember, I will tell u if there is gain or. Loss few months later
Recommendation would depend on your risk profile and expected investment returns.
HOWEVER, INVESTING INTO ADDITIONAL COUNTERS TO CLOCK INTEREST ISNT THE WISEST THING TO DO.
Do consider your options before jumping into the bandwagon of maximising these high interest bank accounts. Its not worth to deviate from your plans just to gain a little bit more interest!
On the ETF side, there is only 4 choices actually (roughly corresponding to equity/bonds/property with bonds having soverign/corporate split). The choices are listed below.
Note, it may be unwise to deviate from your SAA just to grab some bonus interest - do think through whether the promos are worth bending your investment plan.
Nikko AM Singapore STI ETF
ABF Singapore Bond Index Fun
Nikko AM SGD Investment Grade Corporate Bond ETF
Nikko AM-StraitsTrading Asia ex Japan REIT ETF
12 Nov 2019