Regular Shares Savings Plans (RSS/RSP)
Asked on 07 May 2020
StashAway Simple has no minimum investment requirement (https://www.stashaway.sg/simple) as comapred to RSS where it is usually $100 monthly.
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.
Some stocks on StashAway are not available with OCBC BCIP
You have to choose your stocks in OCBC BCIP and do your own allocation with mjn. $100 per stock
Min.$10,000 to start with StashAway income portfolio
Costs. Unless you are 30 and below and buying min. $500/ stock, the minimum transaction cost is $5/ stock
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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08 May 2020
09 May 2020
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