DBS changed its Mutiplier plan

[MrAppleCrumble]

Just wanna check guys. The invest savers if buy today. Means Dec 15th they deduct. Means Dec than hit the extra investment category for the next 12 months.

Than after 12 months finish I stop it and change to another ETF to achieve the invest category?

 

[reddevil0728]

Just wanna check guys. The invest savers if buy today. Means Dec 15th they deduct. Means Dec than hit the extra investment category for the next 12 months.

Than after 12 months finish I stop it and change to another ETF to achieve the invest category?

Not for next twelve months. For December only

 

[IronMan123]

Just wanna check guys. The invest savers if buy today. Means Dec 15th they deduct. Means Dec than hit the extra investment category for the next 12 months.

Than after 12 months finish I stop it and change to another ETF to achieve the invest category?

Must set up RSP (regular savings plan) and deduct money from your bank account on monthly basis. However this RSP only good for 12 months. After that need to setup same or another fund again in order to be counted as another category.

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[reddevil0728]

Must set up RSP (regular savings plan) and deduct money from your bank account on monthly basis. However this RSP only good for 12 months. After that need to setup same or another fund again in order to be counted as another category.

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cannot be same.

if same need to redeem and wait 6 months

 

[MrAppleCrumble]

Not for next twelve months. For December only

Huh bro for December only? I thought for the next 12 month can be considered for investment category. They will keep deduct the arranged amount every 15th ?

 

[reddevil0728]

Huh bro for December only? I thought for the next 12 month can be considered for investment category. They will keep deduct the arranged amount every 15th ?

read the faq.

only insurance annual premium 1 then divide over 12 months,

yes.

 

[MrAppleCrumble]

read the faq.

only insurance annual premium 1 then divide over 12 months,

yes.

Yeap means as long your RSP purchase into any ETF is valid. U hit the investment category. I just read that haha

 

[maumu]

read the faq.

only insurance annual premium 1 then divide over 12 months,

yes.

just wondering if anyone managed to convert the monthly premium for cancercare to annual? usually that'll make the total cost slightly cheaper right?

for the purpose of satisfying multiplier account's requirement, of cos.

 

[reddevil0728]

just wondering if anyone managed to convert the monthly premium for cancercare to annual? usually that'll make the total cost slightly cheaper right?

for the purpose of satisfying multiplier account's requirement, of cos.

Your monthly premium very high? If not the flexibility might better so that if need be can cancel anytime

 

[IronMan123]

cannot be same.

if same need to redeem and wait 6 months

Yup, should purchase different ETF.

 

[Chua Zhiming]

cannot be same.

if same need to redeem and wait 6 months

yah i need to buy 2nd ETF soon also, my first ETF 10 months now already.

Let's say i started in Feb, so i need to buy the 2nd ETF in end Jan or early Feb? Should be early Feb and it will deduct mid feb correct?

 

[reddevil0728]

yah i need to buy 2nd ETF soon also, my first ETF 10 months now already.

Let's say i started in Feb, so i need to buy the 2nd ETF in end Jan or early Feb? Should be early Feb and it will deduct mid feb correct?

your first deduction in feb 2020?

then ur last deduction that will be counted will be jan 2021.

so u need to set up a new 1 before the deduction in Feb 21

 

[MrAppleCrumble]

your first deduction in feb 2020?

then ur last deduction that will be counted will be jan 2021.

so u need to set up a new 1 before the deduction in Feb 21

Great info. Thx for sharing

 

[tidalstorm]

which etf to recommend for invest saver?

 

[reddevil0728]

which etf to recommend for invest saver?

G3B - STI
CFA - REIT
A35 - Government Bond
MBH - Corporate Bond

take your pick.

 

[eyz]

thanks all.

can I invest more on the ETF? rather than getting buying POSB ilp funds (RM recommended Franklin Templeton and FSSA), which comes with high admin fees, is there any where I can invest my money on a monthly basis (between 500 to 1k)?

I'm kinda out of the equity game, would prefer some easier where I can just put in the money every month and let it grow, without much monitoring.

can get cancer care that is not ilp. but suggest going for RSP.

RSP. $100/month for SG bond ETF. Safe and sounds.

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[Trazora]

thanks all.

can I invest more on the ETF? rather than getting buying POSB ilp funds (RM recommended Franklin Templeton and FSSA), which comes with high admin fees, is there any where I can invest my money on a monthly basis (between 500 to 1k)?

I'm kinda out of the equity game, would prefer some easier where I can just put in the money every month and let it grow, without much monitoring.

posb investsaver, choose from the 4 funds in the post before yours. can invest $100 to $3000 monthly.

 

[reddevil0728]

thanks all.

can I invest more on the ETF? rather than getting buying POSB ilp funds (RM recommended Franklin Templeton and FSSA), which comes with high admin fees, is there any where I can invest my money on a monthly basis (between 500 to 1k)?

I'm kinda out of the equity game, would prefer some easier where I can just put in the money every month and let it grow, without much monitoring.

https://www.posb.com.sg/personal/investments/other-investments/invest-saver

 

[eyz]

thanks guys.

looks easy.

posb investsaver, choose from the 4 funds in the post before yours. can invest $100 to $3000 monthly.

https://www.posb.com.sg/personal/investments/other-investments/invest-saver

 

[MrAppleCrumble]

thanks all.

can I invest more on the ETF? rather than getting buying POSB ilp funds (RM recommended Franklin Templeton and FSSA), which comes with high admin fees, is there any where I can invest my money on a monthly basis (between 500 to 1k)?

I'm kinda out of the equity game, would prefer some easier where I can just put in the money every month and let it grow, without much monitoring.

If you want liquidity I suggest invest saver. But if really long term than buy their endowment?