Cheapest RSP for SRS

[arcaninx]

HI

May i know which broker/bank offer lowest cost for a RSP with SRS?

i intend to buy STI ETF .

thanks

 

[Andrew833]

HI

May i know which broker/bank offer lowest cost for a RSP with SRS?

i intend to buy STI ETF .

thanks

RSP I think FSM is the lowest, $1

 

[makav31i]

HI

May i know which broker/bank offer lowest cost for a RSP with SRS?

i intend to buy STI ETF .

thanks

OCBC BCIP is the only one that allow their RSP to be purchased using Cash or SRS...POSB Invest Saver and FSM RSP only allow cash to be used...

Edit: Just checked POEMS SBP doesn't allow using SRS, cash only...So your only option is OCBC BCIP if you want to use SRS...

 

[Freezy]

OCBC BCIP is the only one that allow their RSP to be purchased using Cash or SRS...POSB Invest Saver and FSM RSP only allow cash to be used...

I just received an email ffrom FSMone that we can trade SGX stocks/ETF with CPF-OA/SRS. Maybe you can explore that...if am not wrong the RSP ETF commision is about $1 and min invest monthly is $50.

 

[reddevil0728]

I just received an email ffrom FSMone that we can trade SGX stocks/ETF with CPF-OA/SRS. Maybe you can explore that...if am not wrong the RSP ETF commision is about $1 and min invest monthly is $50.

But they never say anything about RSP

 

[htngwilliam]

I just received an email ffrom FSMone that we can trade SGX stocks/ETF with CPF-OA/SRS. Maybe you can explore that...if am not wrong the RSP ETF commision is about $1 and min invest monthly is $50.

Can FSM invest with SRS via RSP?

 

[Freezy]

Can FSM invest with SRS via RSP?

They did not mention anything on RSP yet.

https://secure.fundsupermart.com/fs...e-sgx-stocks-etfs-with-your-cpf-oa-srs-monies

 

[makav31i]

Can FSM invest with SRS via RSP?

Cannot...So to answer the TS question, only OCBC BCIP is the only one that allow using SRS...

Edit: I just checked my FSM account by trying to add a new RSP, it only allow Cash option to pay for the RSP...

 

[Andrew833]

Sound like SRS is a bad plan
Cash is king

 

[reddevil0728]

Sound like SRS is a bad plan
Cash is king

Why is it a bad plan?

 

[makav31i]

Sound like SRS is a bad plan
Cash is king

SRS got tax savings, if you are going to invest the money anyway, might as well put into SRS and invest the money for the tax savings...Only if you are low income earners or don't pay as much income tax will not benefit from it...

 

[Andrew833]

Why is it a bad plan?

Restricted lol

 

[reddevil0728]

Restricted lol

Definitely less restrictive than CPF. And there are people with too much cash lying around and paying too high tax which they want to reduce. So why not right?

 

[arcueid]

So it is not possible for SRS to be used in Invest Saver?

 

[reddevil0728]

So it is not possible for SRS to be used in Invest Saver?

Can but depends on buy which fund.

 

[skpuppy]

Yeah. I would say SRS is not good for dollar averaging. Only good when market crash. I think at this time, can whack banks. lol

Not sure about STI ETF as SG have many old school companies. Can they revive?

 

[spearhawk]

want to confirm if FSM now offers RSP for SRS as stated in the web? Anyone tried?

https://secure.fundsupermart.com/fsm/regular-savings-plan

 

[karakorum1999]

want to confirm if FSM now offers RSP for SRS as stated in the web? Anyone tried?

https://secure.fundsupermart.com/fsm/regular-savings-plan

Your link states Cash only.
Anyway, definitely not available now.

 

[karakorum1999]

Yeah. I would say SRS is not good for dollar averaging. Only good when market crash. I think at this time, can whack banks. lol

Not sure about STI ETF as SG have many old school companies. Can they revive?

Yup, I have the same thinking, and similar challenges.
As each buy costs at least $10++ (e.g. using FSM), you cannot quite RSP yourself each month with even $1-2k. Which leaves lump sum investing which of course can be split into a few tranches if you wish.
I managed to use SRS to buy some ES3 at $2.4x-$2.5x range some months back. That’s enough ES3 for me (some cash holdings too) for now.

 

[Kojo0403]

OCBC BCIP is the only one that allow their RSP to be purchased using Cash or SRS...POSB Invest Saver and FSM RSP only allow cash to be used...

Edit: Just checked POEMS SBP doesn't allow using SRS, cash only...So your only option is OCBC BCIP if you want to use SRS...

Yes, looks like OCBC is the only one that offers it now. Good thing is Lion OCBC Sec Hang Seng Tech has been included under its SRS-RSP!