DBS changed its Mutiplier plan

[yiron]

new to multiplier and start reading https://www.dbs.com.sg/personal/deposits/multiplier/faqs.page any advise for beginner?

Lot of tips in this chat, can read through. Helps if u have home loan with DBS. If not, get some cheap insurance plan and/or investment plan to clock the criteria.

 

[tehhalia]

Where can I find information about a minimum $1000 for each month?

it's in the faq, refer to the multiplier page, scroll all the way down and expand on 'investments', you'll find it there

 

[DevilPlate]

it's in the faq, refer to the multiplier page, scroll all the way down and expand on 'investments', you'll find it there

Actually under invest-saver section never state the amount required. Only stated at the digiport section.

 

[Shalom_555]

I can still see it under DBS unit trust, searching for ABF under fund name. Try again?

Thanks found it after using web as suggested by royalmix

 

[sglandscape]

Actually under invest-saver section never state the amount required. Only stated at the digiport section.

Yup, you're limited by the minimum required for the investment of choice. For most who prefers money market funds (in the form of unit trust), the minimum lump sum is 1000, or if it's recurring 100 per month (valid for single counter for up to 12 months).

 

[demoforce1]

Actually under invest-saver section never state the amount required. Only stated at the digiport section.

Yes, I found it. I'm thinking of buying a $1,000 Amova STI ETF with cash advanced for a $10.xx fee as DCA. I assume this will count as an eligible investment, correct?

 

[sglandscape]

Yes, I found it. I'm thinking of buying a $1,000 Amova STI ETF with cash advanced for a $10.xx fee as DCA. I assume this will count as an eligible investment, correct?

Yes. Would recommend money market fund over STI unless buying into STI is already part of your investment plan.

 

[a4973]

Yes. Would recommend money market fund over STI unless buying into STI is already part of your investment plan.

Please advise the MMF you are recommending. Thank you

 

[sglandscape]

Please advise the MMF you are recommending. Thank you

A few for consideration and not recommendation.
Amova Singapore Bond Fund
Amova Short Term Bond Fund
Fullerton SGD Income

 

[DevilPlate]

Yes, I found it. I'm thinking of buying a $1,000 Amova STI ETF with cash advanced for a $10.xx fee as DCA. I assume this will count as an eligible investment, correct?

Personally i invest in their saveup portfolio (digiport)
first 1k followed by RSP $100

 

[DevilPlate]

Yup, you're limited by the minimum required for the investment of choice. For most who prefers money market funds (in the form of unit trust), the minimum lump sum is 1000, or if it's recurring 100 per month (valid for single counter for up to 12 months).

Hmmm if u sign up UT, no need min 1k for first mth followed by min $100 RSP?

 

[sglandscape]

Hmmm if u sign up UT, no need min 1k for first mth followed by min $100 RSP?

You can start RSP this month, provided you do it before 15th. Otherwise would not have any deduction for the current month. Personally prefer money market funds am already familar with hence went that route.

 

[~sabaisabai~]

You can start RSP this month, provided you do it before 15th. Otherwise would not have any deduction for the current month. Personally prefer money market funds am already familar with hence went that route.

Which mmf did you buy?

 

[sglandscape]

Which mmf did you buy?

See those posted a few posts back.

 

[iadpotato]

You can start RSP this month, provided you do it before 15th. Otherwise would not have any deduction for the current month. Personally prefer money market funds am already familar with hence went that route.

LLST, I just submitted application to start RSP for A35..

On the bright side the years and years of $1 investment is actually in the green now. Win some Starbucks ice blended drinks for the kids.

 

[sglandscape]

LLST, I just submitted application to start RSP for A35..

On the bright side the years and years of $1 investment is actually in the green now. Win some Starbucks ice blended drinks for the kids.

Did more than $1 last time, especially the Fullerton one. It was yielding 4% back in those days! But the rates all dropping like flies now.

 

[iadpotato]

Did more than $1 last time, especially the Fullerton one. It was yielding 4% back in those days! But the rates all dropping like flies now.

i loyal one... $1 means $1... no more no less. back to $100 now.

 

[sglandscape]

i loyal one... $1 means $1... no more no less. back to $100 now.

When the yields are good can do more, but now like no point.

 

[iadpotato]

When the yields are good can do more, but now like no point.

$100 still worth doing.. 4.1% interest is really hard to beat these days.

pray they don't cut...

 

[sglandscape]

$100 still worth doing.. 4.1% interest is really hard to beat these days.

pray they don't cut...

Matter of time, just hopefully not this year. OCBC (across both the 360 and Premier Dividend+) has cut many more times than UOB (One and Stash) this year.