POSB Invest Saver

[ehsevol]

Hi all. If I'm using POSB-IS for G3B and either A35 or MBH, what is the trick to circumvent the 12-month period limitation for DBS Multiplier? Thanks

 

[ch11ane]

Why do I mostly see people buy STI or ABF for this? Why not other equity or bonds which consist of overseas holdings? Can someone explain to me in layman terms?

 

[makav31i]

Why do I mostly see people buy STI or ABF for this? Why not other equity or bonds which consist of overseas holdings? Can someone explain to me in layman terms?

Because if you see those people who are investing since the start or for a few years only got the option to purchase G3B...They only added A35 either last year or 2018...MBH and CFA only added last year...Most only use POSB Invest Saver only to accumulate positions in Singapore and would most likely have other investment such as IWDA, VWRD, VWRA, VT and etc...I don't see anything wrong with that...

My only suggestion is if anyone want to invest $200 and above on G3B, might as well use FSM RSP to purchase ES3...

 

[Mecisteus]

Hi all. If I'm using POSB-IS for G3B and either A35 or MBH, what is the trick to circumvent the 12-month period limitation for DBS Multiplier? Thanks

You may want to consider another cheaper platform like Fundsupermart for the G3B or ES3.

Sign up for A35 in month 0 to 11.

Can stop A35 but sign up for MBH in month 12 to 23.

Sell A35 in month 12 to 17.

Can stop MBH but sign up for A35 in month 24 to 35.

And so on ....

Why do I mostly see people buy STI or ABF for this? Why not other equity or bonds which consist of overseas holdings? Can someone explain to me in layman terms?

You can do both local and overseas ETFs.

As for the allocation split, it is up to you.

 

[oceanicmanta]

would like to confirm this month's deduction will take place on 17 Feb (Mon), since tomorrow 15th is a Sat ?

TIA

 

[ehsevol]

You may want to consider another cheaper platform like Fundsupermart for the G3B or ES3.

Sign up for A35 in month 0 to 11.

Can stop A35 but sign up for MBH in month 12 to 23.

Sell A35 in month 12 to 17.

Can stop MBH but sign up for A35 in month 24 to 35.

And so on ....

Thanks! I did sign up for FSMOne but at the moment still getting greater returns using POSB Cashback (not Multiplier)..

Putting $200 into MBH/A35 a month gets me 3% ($6) back every month.

When you say "Sell A35 in month 12 to 17".. did you mean sell all A35 bought from month 0 to 11?

 

[Mecisteus]

When you say "Sell A35 in month 12 to 17".. did you mean sell all A35 bought from month 0 to 11?

You must sell everything.

 

[a4973]

Is A35 still recommended in view of the covid19 effects on the local economy?
Considering the fact that I'm in it just for Multiplier interest so horizon is 12 months at the most or maybe earlier if Multiplier TnC change again.
Also for A35 if I don't select an account for dividend crediting does that mean the dividend will be reinvested?
Thanks for your advice.

 

[ehsevol]

You must sell everything.

Thanks again. Just realized your first reply was advising FSM for G3B/ES3 and not the bonds. Yep, definitely going to do that, and leave bonds on InvestSaver.

 

[SirBahamut]

Is A35 still recommended in view of the covid19 effects on the local economy?
Considering the fact that I'm in it just for Multiplier interest so horizon is 12 months at the most or maybe earlier if Multiplier TnC change again.
Also for A35 if I don't select an account for dividend crediting does that mean the dividend will be reinvested?
Thanks for your advice.

No I dont think your dividends will be reinvested. If i am not wrong, the dividends will be credited back to the crediting bank account where you indicate for the source of money for the RSP

 

[SirBahamut]

I think they want to invest through DBS to fulfill to dbs multiplier criteria

 

[sgarxen]

Hi, may i know why fsm rsp would be better than dbs rsp for sti etf?

 

[Mecisteus]

Hi, may i know why fsm rsp would be better than dbs rsp for sti etf?

FSM has a lower cost if you are going to RSP a few hundreds or more per month.

 

[makav31i]

Hi, may i know why fsm rsp would be better than dbs rsp for sti etf?

FSM RSP fees is 0.08% or minimum S$1 if you are talking about STI ETF...POSB Invest Saver fees is 0.82%...

FSM RSP allow you to choose between ES3 or G3B...POSB Invest Saver only got the G3B for STI ETF...

If you invest at least $200/month on POSB Invest Saver, $1.64 in fees...If you invested the same amount on FSM, the fees is $1 + 7% GST + 0.0325% Clearing Fees which bring the fees to $1.11...The higher your monthly contribution, the cheaper it is with FSM...

Edit: the only advantage of POSB is if you want to sell your shares, there is no fees...

 

[badsector]

FSM RSP fees is 0.08% or minimum S$1 if you are talking about STI ETF...POSB Invest Saver fees is 0.82%...

FSM RSP allow you to choose between ES3 or G3B...POSB Invest Saver only got the G3B for STI ETF...

If you invest at least $200/month on POSB Invest Saver, $1.64 in fees...If you invested the same amount on FSM, the fees is $1 + 7% GST + 0.0325% Clearing Fees which bring the fees to $1.11...The higher your monthly contribution, the cheaper it is with FSM...

Edit: the only advantage of POSB is if you want to sell your shares, there is no fees...

to be fair..
DBS rsp can paired with posb cashback bonus or multipler for more benefits

 

[makav31i]

to be fair..
DBS rsp can paired with posb cashback bonus or multipler for more benefits

Yup, depending on objective if you want to invest regularly or you want to fulfil a criteria for Cashback or Multiplier Account...

If you want to invest regularly, FSM would be the cheaper option as all the ETF available on POSB Invest Saver is also available on FSM RSP...There are also other ETF available on FSM which are listed in SGX, HKEX, NYSE and NASDAQ...

 

[sgarxen]

FSM RSP fees is 0.08% or minimum S$1 if you are talking about STI ETF...POSB Invest Saver fees is 0.82%...

FSM RSP allow you to choose between ES3 or G3B...POSB Invest Saver only got the G3B for STI ETF...

If you invest at least $200/month on POSB Invest Saver, $1.64 in fees...If you invested the same amount on FSM, the fees is $1 + 7% GST + 0.0325% Clearing Fees which bring the fees to $1.11...The higher your monthly contribution, the cheaper it is with FSM...

Edit: the only advantage of POSB is if you want to sell your shares, there is no fees...

Does fsmone have selling fees? cant seem to find it on their website.
Also, would you recommend moving my g3b from posb into es3 from fsmone? or would it be fine to just leave it

 

[makav31i]

Does fsmone have selling fees? cant seem to find it on their website.
Also, would you recommend moving my g3b from posb into es3 from fsmone? or would it be fine to just leave it

Fees apply to both buying and selling

Buying Fee: 0.08% or min SGD 1, HKD 5, USD 1, whichever is higher

Selling Fee: Normal selling fees apply

Selling is 0.08% or minimum $10...

For me personally, I would keep the G3B in POSB Invest Saver even if I terminate the POSB Invest Saver as if you want to sell it in the future, you don't need to pay a fee...I did not redeem my shares when I terminate my POSB Invest Saver as I just kept it as it is...If there are any changes in the future like promotion or something, I can just resume back my POSB Invest Saver...

I only start contribution to FSM RSP to accumulate and invest in the STI ETF regularly...I go for whichever that will help me buy at the lowest fees...

 

[sgarxen]

Selling is 0.08% or minimum $10...

For me personally, I would keep the G3B in POSB Invest Saver even if I terminate the POSB Invest Saver as if you want to sell it in the future, you don't need to pay a fee...I did not redeem my shares when I terminate my POSB Invest Saver as I just kept it as it is...If there are any changes in the future like promotion or something, I can just resume back my POSB Invest Saver...

I only start contribution to FSM RSP to accumulate and invest in the STI ETF regularly...I go for whichever that will help me buy at the lowest fees...

ok thank u

 

[shthy210]

Hi, can someone share with me the prices for the following as my e-advice was not set up

A35 - Aug 2019

A35 - Dec 2019
G3B - Dec 2019

Thank you.