DBS Digiportfolio

[blurpandasg2014]

Anyone successfully invested in the global portfolio?

I just checked with dbs and it seems that investing with this is quite a hassle and turn off

1) Have to open e multi currency account
2) Need to have $3000 min average balance otherwise service fee is $7.50/mth
3) Min average balance has to be placed in that account... Its not a combined average balance across dbs accounts (based on what CSO stated)
4) For those using revolut to exchange, may incur incoming transfer fee of $10? Transferwise seems to mitigate the fee

Does anyone have experience with this multi currency account? Do they really charge the fall below fee? Your help is much appreciated

 

[intime]

Anyone successfully invested in the global portfolio?

I just checked with dbs and it seems that investing with this is quite a hassle and turn off

1) Have to open e multi currency account
2) Need to have $3000 min average balance otherwise service fee is $7.50/mth
3) Min average balance has to be placed in that account... Its not a combined average balance across dbs accounts (based on what CSO stated)
4) For those using revolut to exchange, may incur incoming transfer fee of $10? Transferwise seems to mitigate the fee

Does anyone have experience with this multi currency account? Do they really charge the fall below fee? Your help is much appreciated

Multicurrency / multiplier account fall below fees are waived if you have an active digiportfolio.

 

[blurpandasg2014]

Multicurrency / multiplier account fall below fees are waived if you have an active digiportfolio.

Hi thank u for ur reply. Where did u get this info? Can't find it on their website

 

[addict951]

I dun get it
You’re using the DBS MCA liao, why do you still use Revolut/transferwise? Their rates are better than the DBS MCA???

 

[blurpandasg2014]

I dun get it
You’re using the DBS MCA liao, why do you still use Revolut/transferwise? Their rates are better than the DBS MCA???

Yes their rate better

 

[intime]

Hi thank u for ur reply. Where did u get this info? Can't find it on their website

From both their FAQ document (in ibanking) and dbs facebook group, the burrow.

Fyi, if you have dbs vickers acct, multicurrency acct fall below fees are waived already.

 

[dullthings]

How’s the USD:SGD conversion rates at DBS via MCA? I am not familiar with these things, but it appears to be relatively large at about 0.7 percent difference from spot rates to me, based on some googling? Any comments and any other extra fees for currency exchange via DBS MCA?

 

[Thoreldan]

Is this lump some investment ?
Or regular dca type ?

 

[intime]

Is this lump some investment ?
Or regular dca type ?

Dbs digiportfolio is currently min $1000 or USD1000 lump sum.

Dca not in yet.

 

[s0crates]

Omg... The Dbs digiportfolio product is so disappointing...

1. Their portfolio allocation always have 5% cash? For what? So that they have some dry powder to buy more when market tank?

2. They never upfront state how they are going to allocate across between different funds. means that they are going to discretionately trade right?

I was hoping for UK etf equivalent of autowealth, but looked what we have here... Not sure even worth a try zz

 

[articland05]

Omg... The Dbs digiportfolio product is so disappointing...

1. Their portfolio allocation always have 5% cash? For what? So that they have some dry powder to buy more when market tank?

2. They never upfront state how they are going to allocate across between different funds. means that they are going to discretionately trade right?

I was hoping for UK etf equivalent of autowealth, but looked what we have here... Not sure even worth a try zz

the reason is #1..
ya, that's disappointing...5% sit there do nothing.

they shld come out with another category for those who want to plough every thing in....no holding back

Sent from LGE LG-H990 using GAGT

 

[Thoreldan]

Was interested to take up global portfolio initially but decided to continue with my ib/iwda manually instead. Management fee simply not worth it + cannot dca monthly.

 

[w1rbelw1nd]

Omg... The Dbs digiportfolio product is so disappointing...

1. Their portfolio allocation always have 5% cash? For what? So that they have some dry powder to buy more when market tank?

2. They never upfront state how they are going to allocate across between different funds. means that they are going to discretionately trade right?

I was hoping for UK etf equivalent of autowealth, but looked what we have here... Not sure even worth a try zz

You should read up on the number of sponsored post on DBS digiportfolio. Its quite annoying.

 

[intime]

a new year after testing it for about 2.5mths+

Global portfolio (lvl 3) grew 4.44% (started 15 oct)
Asia portfolio (lvl 3) grew 0.7% (started 16 oct)