Blue Chip investing ?

[ELY1408]

Hi I want to start learning how to invest and I found out that ocbc offers blue Chip investment at min $100. I only have $1k sgd and I am wondering if it is enough .

 

[OCBC Bank]

Hi I want to start learning how to invest and I found out that ocbc offers blue Chip investment at min $100. I only have $1k sgd and I am wondering if it is enough .

Hi there,

OCBC Blue Chip Investment Plan (BCIP) provides customers with an affordable and hassle-free way to invest in blue chip shares. With a minimum investment amount of just S$100, customers can now buy lesser units of shares instead of the standard lot size of 100 shares.

After the initial purchase instruction, BCIP will invest the specified amount into the customers' selected share every month. As a result, customer will accumulate more shares when prices are low, and lesser shares when prices are high, potentially lowering the average purchase price.

BCIP also offers customers the flexibility to make changes has there is no lock-in period. This allows customers to change the share counter or investment amount, and sell their shares anytime through OCBC Online Banking.

https://www.ocbc.com/personal-banking/investments/bluechip.html

Let us know if you have further queries on this.

^DG

 

[tangent314]

You can start a $1k BCIP plan to invest that $1k then cancel it immediately after the first month.

If you prefer you can invest $100/month for 10 months, but that gets very expensive with BCIP's minimum $5 fee per counter. In this case it would be cheaper to go with POSB Invest Saver that charges a flat 0.82%.

 

[htngwilliam]

Assuming if u have $12k every year to invest, does it make sense to do Bcip $1k every month or hantam 1 time $12k from typical broker?

I am thinking although u spend more on comission, it gives averaging

 

[eD1s0n]

Assuming if u have $12k every year to invest, does it make sense to do Bcip $1k every month or hantam 1 time $12k from typical broker?

I am thinking although u spend more on comission, it gives averaging

If the 12k is from saving 1k every month. Then I would suggest DCA every month.

If you already have the cash at hand and is considering whether to spread out or one shot hantam, then mathematically lump sum gives you better chance for a better return.

 

[ELY1408]

You can start a $1k BCIP plan to invest that $1k then cancel it immediately after the first month.

If you prefer you can invest $100/month for 10 months, but that gets very expensive with BCIP's minimum $5 fee per counter. In this case it would be cheaper to go with POSB Invest Saver that charges a flat 0.82%.

If I cancel it immediately I cannot earn the dividends?

Sorry I'm trying to learn how to invest.

 

[Thoreldan]

If I cancel it immediately I cannot earn the dividends?

Sorry I'm trying to learn how to invest.

Cancel your monthly purchase arrangement
Not asking you to sell your investment.

 

[ELY1408]

Cancel your monthly purchase arrangement
Not asking you to sell your investment.

Ok that makes sense .