What is the difference between stashaway's income portfolio (invest in Singapore reits bonds stocks and etf) vs a regular savings plan like ocbc blue chip? What is recommended for a beginner? - Seedly
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Anonymous

Asked on 07 May 2020

What is the difference between stashaway's income portfolio (invest in Singapore reits bonds stocks and etf) vs a regular savings plan like ocbc blue chip? What is recommended for a beginner?

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Top Contributor (Jun)

Level 9. God of Wisdom
Answered on 09 May 2020
  • How much to invest is different

StashAway Simple has no minimum investment requirement (https://www.stashaway.sg/simple) as comapred to RSS where it is usually $100 monthly.

  • What you are investing in is diffferent

StashAway simple invests in Lion Global SGD Market Fund and LionGlobal SGD Enhanced Liquidity Fund SGD Class I Acc. They actuallly do not invest in REITs and bonds. You may have gotten confused with Syfe. These investments have lower volatility and lower potential returns. For RSS, it depennds on the platform/plan you use. If you use OCBC BCIP, you can choose which blue chip stocks to invest in monthly. If you use Nikko AM, you can invest in the STI monthly.

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Shaun WQ Lim
Level 7. Grand Master
Answered on 07 May 2020
  1. Some stocks on StashAway are not available with OCBC BCIP

  2. You have to choose your stocks in OCBC BCIP and do your own allocation with mjn. $100 per stock

  3. Min.$10,000 to start with StashAway income portfolio

  4. Costs. Unless you are 30 and below and buying min. $500/ stock, the minimum transaction cost is $5/ stock

  5. You could choose to do regular investments for both

Depends on whether you think about the above points, you might consider other options as well.

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Shaun WQ Lim

08 May 2020

Sorry about that. Too used to identifying stocks by their stock codešŸ˜‚. G3B is the stock code for the Nikko AM STI ETF on the Singapore Exchange. Yes if you donā€™t want to choose individual stocks yourself, you will buy shares of the ETF with your RSP/RSS. The ETF usually pays dividends semi-annually in Jan and July . While you are starting your investing journey, you may want to consider a global portfolio too, if you have time on your side.
Jonathan Lim
Jonathan Lim

09 May 2020

I've read thru the details for Stashaway Income Portfolio and i think the $10,000 isnt a minimum requirement. The webpage says if u invest any amount below 10k, the automatic crediting of dividends to your bank account wont be available (eg default option : reinvest dividends), but u still can withdraw manually.