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Old 23-07-2013, 11:03 AM   #16
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Personally such plans are for new entry and layman people who wants to park their funds elsewhere other than banks getting a higher return.
POSB these days does come out with new products to counter market objections.
Eg, POSB HDB loan, a hybrid between Bank and HDB loans

To a technical know-how person who has been buying regularly on the stock market, wouldn't take up BCIP or this PIS plan, because they would make more money on the stock market than to take up such savings and investment platform.

It's catered to those who wish to go into the stock market at a more comfy pace with limited funds monthly. Of course, can't expect great returns too.
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Old 23-07-2013, 11:08 AM   #17
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BTW, yesterday night news come up with PIS plan, this morning OCBC tio pawned with a full page ad in ST on BCIP. Should have waited for dust to settle. That full page spread costs 4 OCBC bank lots. Ooops
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Old 23-07-2013, 11:12 AM   #18
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BTW, yesterday night news come up with PIS plan, this morning OCBC tio pawned with a full page ad in ST on BCIP. Should have waited for dust to settle. That full page spread costs 4 OCBC bank lots. Ooops
can post the full page ad
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Old 23-07-2013, 11:15 AM   #19
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BTW, yesterday night news come up with PIS plan, this morning OCBC tio pawned with a full page ad in ST on BCIP. Should have waited for dust to settle. That full page spread costs 4 OCBC bank lots. Ooops
different la..

PIS can buy sg etf only..

BCIP can buy sg etf + 19 blue cheats le.. though the charges are higher..

but if you buy odd lots.. if wan to sell the price is very low lo... hv to accumulate till 1lot than can sell.. else rugi a lot... really for very very very long term investment.. like u buy for your new born child or retirement...
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Old 23-07-2013, 11:18 AM   #20
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different la..

PIS can buy sg etf only..

BCIP can buy sg etf + 19 blue cheats le.. though the charges are higher..

but if you buy odd lots.. if wan to sell the price is very low lo... hv to accumulate till 1lot than can sell.. else rugi a lot... really for very very very long term investment.. like u buy for your new born child or retirement...
These 2 plans main purpose only has 1 concept. The same marketing ploy.
$100 min per month. The product has differing sub concepts but the main concept is "give me your $100 monthly" and we invest for you.
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Old 23-07-2013, 11:21 AM   #21
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Nikko AM Singapore STI ETF last time use to call DBS STI ETF 100

POSB or DBS... all same

DBS Singapore STI ETF
http://www.dbsam.com/stietf/Pages/fund_profile.aspx


http://www.dbsam.com/stietf/Pages/default.aspx
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Old 23-07-2013, 11:23 AM   #22
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These 2 plans main purpose only has 1 concept. The same marketing ploy.
$100 min per month. The product has differing sub concepts but the main concept is "give me your $100 monthly" and we invest for you.
like what you said in previous post lo... for beginner or low capital one lo...
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Old 23-07-2013, 11:34 AM   #23
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like what you said in previous post lo... for beginner or low capital one lo...
ok, for beginner or low capital one, which one is your recommendation ocbc or posb?

from prev. post can i summary:
for each month invest up to $500, choose posb.
for each month invest above $500, choose ocbc.
is that correct?

can share more what to know when choose this two or perhaps there are other better(for beginner or low capital one)?
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Old 23-07-2013, 11:42 AM   #24
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NikkoAM STI ETF 100 on SCB still the best IMHO.

Too bad it's not financially feasible for me to move all my lots over to SCB. Ah well, win some, lose some, but make sure you win more than you lose
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Old 23-07-2013, 12:52 PM   #25
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There is an alternative way for you to invest in STI at even cheaper cost than POSB Invest Saver:

DBS/POSB is offering unit trust regular saving plan (RSP) at 0% sales charge for the first $500 per month per fund. However Nikko AM Singapore STI ETF is not under the subscription list, so the closest one to subscribe is Nikko AM MyHome Fund - HomeGrowth, it's 80% in Nikko AM Singapore STI ETF and 20% in ABF Singapore Bond Index Fund.

http://www.dbs.com.sg/Resources/pers...homegrowth.pdf

Comparing two funds annual management fee, 0.5% vs 0.2%, still better than paying 1% sales charge.

How to do it:

Firstly, subscribe an minimal initial amount of $1000, the net sales charge is 1.5%
Secondly, setup the regular saving plan (RSP) to invest up to $500 per month into the fund, it will be 0% sales charge.

Everything can be completed via ibanking including future redemption, there is no redemption charges for DBS/POSB unit trust investments.

Although this promotion is subjectd to renewal once a year, DBS/POSB has been renewing it for the past 4 years as what I can recall.

If you don't like the 20% bond allocation, another alternative is Nikko AMSingapore Dividend Equity Fund, the fund has outperformed its benchmark STI Index consistently and paying monthly dividend at 5 to 7%p.a.

http://www.dbs.com.sg/Resources/pers..._sg_div_eq.pdf
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Old 23-07-2013, 01:00 PM   #26
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ok, for beginner or low capital one, which one is your recommendation ocbc or posb?

from prev. post can i summary:
for each month invest up to $500, choose posb.
for each month invest above $500, choose ocbc.
is that correct?

can share more what to know when choose this two or perhaps there are other better(for beginner or low capital one)?
your logic abit wierd

why favor ocbc > posb leh?
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Old 23-07-2013, 01:02 PM   #27
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There is an alternative way for you to invest in STI at even cheaper cost than POSB Invest Saver:

DBS/POSB is offering unit trust regular saving plan (RSP) at 0% sales charge for the first $500 per month per fund. However Nikko AM Singapore STI ETF is not under the subscription list, so the closest one to subscribe is Nikko AM MyHome Fund - HomeGrowth, it's 80% in Nikko AM Singapore STI ETF and 20% in ABF Singapore Bond Index Fund.

http://www.dbs.com.sg/Resources/pers...homegrowth.pdf

Comparing two funds annual management fee, 0.5% vs 0.2%, still better than paying 1% sales charge.

How to do it:

Firstly, subscribe an minimal initial amount of $1000, the net sales charge is 1.5%
Secondly, setup the regular saving plan (RSP) to invest up to $500 per month into the fund, it will be 0% sales charge.

Everything can be completed via ibanking including future redemption, there is no redemption charges for DBS/POSB unit trust investments.

Although this promotion is subjectd to renewal once a year, DBS/POSB has been renewing it for the past 4 years as what I can recall.

If you don't like the 20% bond allocation, another alternative is Nikko AMSingapore Dividend Equity Fund, the fund has outperformed its benchmark STI Index consistently and paying monthly dividend at 5 to 7%p.a.

http://www.dbs.com.sg/Resources/pers..._sg_div_eq.pdf

Singapore Dividend Equity Fund
http://www.dollardex.com/sg/index.cf...3%22%20%3B-%0A
Annual management/service fee 1.500%
Lowest dollarDEX sales charge 0.75%
Standard dollarDEX sales charge 1.50%
Prospectus maximum sales charge 3.50%


MyHome Fund - HomeGrowth
http://www.dollardex.com/sg/index.cf...F0%20%20%20%0A
Annual management/service fee 0.500%
Lowest dollarDEX sales charge 0.75%
Standard dollarDEX sales charge 1.50%
Prospectus maximum sales charge 4.00%

Last edited by steventay; 23-07-2013 at 01:09 PM..
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Old 23-07-2013, 01:03 PM   #28
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ok, for beginner or low capital one, which one is your recommendation ocbc or posb?

from prev. post can i summary:
for each month invest up to $500, choose posb.
for each month invest above $500, choose ocbc.
is that correct?

can share more what to know when choose this two or perhaps there are other better(for beginner or low capital one)?
try to accumulate your capital as much as possible and wait for the mother of all crash then enter the market lo..

else if die die want.. take the regular saving plan.. every month invest 100 to have a feel on investing..
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Old 23-07-2013, 01:04 PM   #29
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Singapore Dividend Equity Fund
Initial Sales Charge
3.50%
Management Fee
1.25% p.a



MyHome Fund - HomeGrowth
Initial Sales Charge
3.00%
Management Fee
0.5% p.a
Subscribe via ibanking, net sales charge is 1.5% after discount
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Old 23-07-2013, 01:11 PM   #30
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Subscribe via ibanking, net sales charge is 1.5% after discount
1.5% still too high...

i only willing to pay less than 1% and Management Fee less than 1% p.a
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