DBS Treasures benefit?

[reddevil0728]

yea so for those who are CXO earning lots of $$$ per minute, of course they should outsource low value adding work to RM and let fund manager manage their investments, what they want is a butler or a concierge because their time is gold.

for salaried employees like us its ok to have their services as option but i personally believe DIY is better because our time incur less opportunity costs and financially literacy benefit u over long run.

Once you have the know up one will understand the risk n reward of equities, bonds, index, etf and real estate, and you will be able to benchmark it with the FCN, ELN or structured products and talk their language.

yep. so "benefit" is not just about what "free" stuff one can get. but rather, what is something one can get from it but can't get elsewhere.

 

[yuzu28]

i am on SCB priority for the priority pass only, have since routed over to DBST as comm for scb as higher at 0.18%. if i like ot save on comm i will use moomoo or tiger for my US markets.

POEMS cash plus is quite good for SRS. DBST the iwealth investment count towards DBS multiplier so i dont mind paying the higher comm to unlock bonus interest. Together with the cancercare and salary, 2.5% for 100K is a sureget.

How much per month do u pay for cancercare per mth?

Scb priority is normally used for overseas market with no min cos dbst charges custodian fee. There's always pros and cons and really depends on what u need ba!

 

[reddevil0728]

How much per month do u pay for cancercare per mth?

Scb priority is normally used for overseas market with no min cos dbst charges custodian fee. There's always pros and cons and really depends on what u need ba!

cancercare premium is a function of one's age. the younger you are the cheaper it will be. vice versa.

 

[arctician]

How much per month do u pay for cancercare per mth?

Scb priority is normally used for overseas market with no min cos dbst charges custodian fee. There's always pros and cons and really depends on what u need ba!

$10. i just read the multiplier thred and everyone promote cancercare to unlock the interest, the coverage is basically free since you getting incremnetal int for $100K at 2.5%

if i want to save on comm or custodian, i will use tiger because their fx is near spot rate. Currently SCB priority really offer zero benefits to me, thinking to cancel and reapply a year later.

 

[reddevil0728]

$10. i just read the multiplier thred and everyone promote cancercare to unlock the interest, the coverage is basically free since you getting incremnetal int for $100K at 2.5%

if i want to save on comm or custodian, i will use tiger because their fx is near spot rate. Currently SCB priority really offer zero benefits to me, thinking to cancel and reapply a year later.

2.5%?

Anyway is not really "free" la... it's more like net off.

 

[arctician]

2.5%?

Anyway is not really "free" la... it's more like net off.

can go google, EIR is 2.5% for $100K. if never unlock its 2% for $50K, but with cancer care you get to park another $50K more and full $100k is bumped up to 2.5% EIR. The $10 is so negligible that i didnt factor it into costs.

Best thing is can do a joint iwealth or DBST, then both single multiplier can get 2.5% for 100k, thats the only reason i use DBST though comm is higher at 0.12% vs Tiger or moomoo or HSBC (0% for may and june)

 

[reddevil0728]

can go google, EIR is 2.5% for $100K. if never unlock its 2% for $50K, but with cancer care you get to park another $50K more and full $100k is bumped up to 2.5% EIR. The $10 is so negligible that i didnt factor it into costs.

Best thing is can do a joint iwealth or DBST, then both single multiplier can get 2.5% for 100k, thats the only reason i use DBST though comm is higher at 0.12% vs Tiger or moomoo or HSBC (0% for may and june)

you mean the highest tier la... not everybody can hit 30k.

 

[arctician]

you mean the highest tier la... not everybody can hit 30k.

thats why i shared with salary, investment using iwealth, and cancercare, can get 2.5% for 100k. No need to hit 30k by investment, its a total of your cc spend, salary, investments.....so if salary and cc spend can hit 20k a month, just need to invest 10k more which is very easy and one get to unlock 2 multiplier for 2.5% at $100K.

Even better if one can arbitrage against the DBS mortgage loan at 1.1% now.

 

[reddevil0728]

thats why i shared with salary, investment using iwealth, and cancercare, can get 2.5% for 100k. No need to hit 30k by investment, its a total of your cc spend, salary, investments.....so if salary and cc spend can hit 20k a month, just need to invest 10k more which is very easy and one get to unlock 2 multiplier for 2.5% at $100K.

Even better if one can arbitrage against the DBS mortgage loan at 1.1% now.

not everybody can hit 30k with the combi also.

 

[arctician]

not everybody can hit 30k with the combi also.

if one is on DBST and cant unlock the full benefits of multiplier when threshold is low and practically risk free, all e more i wont recommend ELN or bond leveraging because risk and quantum are much higher. Interest rates in DBS are not good too, i can get 0.75% in HSBC just for savings alone or 0.5% in SCB or UOB without lock in.

Then in this case lounge with free drinks will be only benefit left. Some ppl will sit in lounge for half a day and read papers.

 

[skpuppy]

Anyone knows whether using SRS to buy shares using DBS bickers considered as AUM?

 

[chrisloh65]

Anyone knows whether using SRS to buy shares using DBS bickers considered as AUM?

DBS Vickers? No.
DBST? Not sure.

 

[wira]

do you guys use DBS Treasures iwealth to buy foreign equities ? Do you get charge the custody fees of 0.2% p.a ? is it worth it ?

 

[reddevil0728]

do you guys use DBS Treasures iwealth to buy foreign equities ? Do you get charge the custody fees of 0.2% p.a ? is it worth it ?

What’s the alternative you thinking?

 

[wira]

What’s the alternative you thinking?

thinking if make more sense to open SC priority banking instead as SC doesnt charge custodian fees.

 

[TUV2008]

Anyone know if they open the DBS treasure lounge already?

 

[reddevil0728]

thinking if make more sense to open SC priority banking instead as SC doesnt charge custodian fees.

i think sc cheaper also.

 

[reddevil0728]

Anyone know if they open the DBS treasure lounge already?

see their website?

https://www.dbs.com.sg/treasures/deposits/bank-with-ease/treasures-centres

 

[TUV2008]

see their website?

https://www.dbs.com.sg/treasures/deposits/bank-with-ease/treasures-centres

still cannot go there lim kopi

 

[reddevil0728]

still cannot go there lim kopi

safer to lim at home.