tag:blogger.com,1999:blog-7944902213075756335.post7374168385476896946..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): Tea with Matthew Seah: POSB Invest-Saver Account.AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7944902213075756335.post-66221700794477756462017-12-14T10:49:39.779+08:002017-12-14T10:49:39.779+08:00Reader says...
What do you think of savings throug...Reader says...<br />What do you think of savings through buying banks ETF? Cos I don’t think I can be very actively like you and thus can’t beat the market. So the work around is to buy ETF. But in order not to lose your money in ETF, the investment should be more than 20 years...<br /><br />-------------------------<br /><br />AK says...<br />With STI ETF, you have to take a very long term view.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84371192412276910602013-10-14T10:46:02.450+08:002013-10-14T10:46:02.450+08:00Hi Kakaboo,
What you said may be true, but what i...Hi Kakaboo,<br /><br />What you said may be true, but what if you want to withdraw after 2 years? How much will you receive from an ILP after 2 years?<br /><br />Even after 10 years, can you be sure that you will receive more from an ILP compared to POSB Invest Saver?Anonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15922528268041939082013-10-14T01:35:51.122+08:002013-10-14T01:35:51.122+08:00The FAQ of POSB Invest Saver writes that when you ...The FAQ of POSB Invest Saver writes that when you want to withdraw your shares, you have to do it completely - no partial redemption is allowed.<br /><br />I think that this should be a major factor for anyone deciding to pursue this plan, because this means that if you had been saving up for 10 years and reaped great rewards and growth and would like to just withdraw a partial sum, you can'tkakaboohttps://www.blogger.com/profile/00934048247795612269noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82013896284766650042013-07-24T14:13:31.482+08:002013-07-24T14:13:31.482+08:00Hi Vincent,
Although the StanChart trading accoun...Hi Vincent,<br /><br />Although the StanChart trading account is good, I cannot use that to compare with these accounts as the features are different. It would be like comparing apple to orange. The only comparison from StanChart that I can use is its ShareBuilder Plan which I have dne previously.<br /><br />There are more information and comparisons on these accounts in my previous post:<br /><aAnonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34242738237557362722013-07-24T13:53:25.826+08:002013-07-24T13:53:25.826+08:00Hi CharlieK,
Yes not having a sales charge for PO...Hi CharlieK,<br /><br />Yes not having a sales charge for POSB is will reduce the fees to 0.5% on buy and sell effectively, if we want to compare apple with apple.<br /><br />However, I am assuming that the investor taking up this accounts are buying for the long term (i.e. till retirement and beyond). In such a case, the effective fees for POSB when investing <$500/mth is 1%, while OCBC when Anonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71043746720272997452013-07-24T13:45:39.196+08:002013-07-24T13:45:39.196+08:00Hi Vincent,
While you can buy using StanChart, it...Hi Vincent,<br /><br />While you can buy using StanChart, it is not easy to do dollar cost averaging. These two accounts are primarily for young adults who have no time to trouble themselves with investing. Hence the higher fees involved as compared to StanChart.Anonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-19444192605817330022013-07-24T11:23:53.960+08:002013-07-24T11:23:53.960+08:00POSB doesn't have a sales charge. Doesn't ...POSB doesn't have a sales charge. Doesn't that increase the threshold further?<br /><br />Also, both plans determine the purchase price by dividing the total cost of purchasing shares by the total quantity of shares purchased. There may be additional transaction fees hidden in this "total cost of purchasing shares" that we may not be aware of such that the total cost ends up CharlieKhttps://www.blogger.com/profile/05313104574555502422noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62686392844746839202013-07-24T11:23:44.881+08:002013-07-24T11:23:44.881+08:00If you are willing to put in more than $300 per mo...If you are willing to put in more than $300 per month, you should just buy 1 lot of Nikko STI ETF at Std Chartered Bank.<br /><br />1 lot of the ETF currently cost about $320. At SCB, you will be charged 0.2% compared to 1% in POSB. Only inconvenience is that you cannot put in standing instruction like in POSB.Vincenthttps://www.blogger.com/profile/09530187835116470452noreply@blogger.com