DBS changed its Mutiplier plan

reddevil0728

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I shared before, dun like to repeat if people dun believe. I only buy UT, in this downtrend stock market, $100 per mth RSP, total $1,200 for 12 mths, then terminate and start a new one.

Which UT that doesn’t require a lump sum investment up front ah?
 

greythorne

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I shared before, dun like to repeat if people dun believe. I only buy UT, in this downtrend stock market, $100 per mth RSP, total $1,200 for 12 mths, then terminate and start a new one.

Understood. But if you are able to recover the monthly fees of $100 with minimal loss then should be ok. Since the interest we get should be largely enough to cover the losses I think.

For the insurance, the premiums paid monthly, you will not get a single cent back so must make sure the interest you get is able to recover the monthly premiums you are paying.
 

reddevil0728

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Understood. But if you are able to recover the monthly fees of $100 with minimal loss then should be ok. Since the interest we get should be largely enough to cover the losses I think.

For the insurance, the premiums paid monthly, you will not get a single cent back so must make sure the interest you get is able to recover the monthly premiums you are paying.

For UT it’s an investment, not a fee.

Should hope that you get back more than what you have put in, rather than just breakeven if your time horizon is long enough. There are also potential dividends.
 

F1ngolf2012

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I shared before, dun like to repeat if people dun believe. I only buy UT, in this downtrend stock market, $100 per mth RSP, total $1,200 for 12 mths, then terminate and start a new one.
Guess whether to buy UT or ETF boils down to one's objective of signing up the RSP. For me, I just bought the Bond EFT (MBH).
 

Potato_Wedges

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Guess whether to buy UT or ETF boils down to one's objective of signing up the RSP. For me, I just bought the Bond EFT (MBH).

Yes. Depends on one's objective.

If you are thinking of more $$$$$, buy ETF or UT. and not insurance.
I use RSP purely for the 3.8% which is considered good in this climax as ETF is pretty low-priced now.

Question: Since ETF can only last 12-months, I have to change to UT for the next 12 months. Do I need to redeem/sell /close my ETF? Plan is to rotate ETF & UT on yearly cycle. How to do that without redeem or sell? Please share experts.
 
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reddevil0728

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Yes. Depends on one's objective.

If you are thinking of more $$$$$, buy ETF or UT. and not insurance.
I use RSP purely for the 3.8% which is considered good in this climax as ETF is pretty low-priced now.

Question: Since ETF can only last 12-months, I have to change to UT for the next 12 months. Do I need to redeem/sell /close my ETF? Plan is to rotate ETF & UT on yearly cycle. How to do that without redeem or sell? Please share experts.
https://forums.hardwarezone.com.sg/126901380-post3881.html

explained it earlier.
 

rerear

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so long that month got sg dividend credited, no matter how small, and total transactions exceeds 2k, will fulfill salary portion?
 

Jazzbie

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Can I check how dividends get credited under the Invest Saver? Is it to the savings account that it debits from? Thanks!
 

F1ngolf2012

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curious to know too. maybe you can do a live chat with them via ibanking and find out and share with us?

Sure. Would post when I get the chance to do so.

DBS CSO says that one insurance policy will only be valid for 12 months and to continue to unlock INSURANCE category, need to purchase a different policy e.g. terminate cancercare after 12 months and re-purchase cancercare will not unlock another 12 months.
 

daranic

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I shared before, dun like to repeat if people dun believe. I only buy UT, in this downtrend stock market, $100 per mth RSP, total $1,200 for 12 mths, then terminate and start a new one.

Terminate means tell the bank to stop deducting on the 15th of every month and let UT continues? Or does it mean to close the UT and get the invested monies out?

Is the above the same for ETF?
 

cassowary18

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Terminate means tell the bank to stop deducting on the 15th of every month and let UT continues? Or does it mean to close the UT and get the invested monies out?

Is the above the same for ETF?

Must close and withdraw. Same for ETF
 

reddevil0728

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DBS CSO says that one insurance policy will only be valid for 12 months and to continue to unlock INSURANCE category, need to purchase a different policy e.g. terminate cancercare after 12 months and re-purchase cancercare will not unlock another 12 months.

Thanks. Good to know.
 

maple96

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Terminate means tell the bank to stop deducting on the 15th of every month and let UT continues? Or does it mean to close the UT and get the invested monies out?

Is the above the same for ETF?

Terminate is to stop future deductions only. Then I will decide when to redeem depending on the market value (is there a small unrealised loss) and any upcoming dividends. Redeem means sell and get money out.

Same for all RSP, be it UT or ETF.
 

reddevil0728

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Terminate means tell the bank to stop deducting on the 15th of every month and let UT continues? Or does it mean to close the UT and get the invested monies out?

Is the above the same for ETF?

https://forums.hardwarezone.com.sg/126901380-post3881.html

Refer this...
 

daranic

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Terminate is to stop future deductions only. Then I will decide when to redeem depending on the market value (is there a small unrealised loss) and any upcoming dividends. Redeem means sell and get money out.

Same for all RSP, be it UT or ETF.

The 6 months gap to start for the next 12 mths RSP of the same ETF starts from the time you terminate or redeem or 12 mths of the previous RSP?
 
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